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ARC: Control Valve Shipments Return to Pre-Recession Levels
Control valve shipments returned to pre-recession levels during 2011, however, risks remain.
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Key highlights for the control valve market in 2011 include growth in both established and emerging economies, especially for energy and infrastructure related applications. Although control valve shipments were down in 2010, the majority of suppliers enjoyed a rebound in new orders over the course of 2010, with a corresponding increase in order backlogs. This growth in incoming orders during 2010 translated to a growth for control valve shipments to many of the developing regions in 2011. Many of the developed regions also rebounded back to healthy growth in 2011 as many suppliers’ aftermarket business come back on-line. The European debt crisis loomed throughout the year, but did not have a significant negative effect on control valve shipments in 2011.
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