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Changing Energy Resources Shift Spending Patterns on Pipes, Valves and Fittings


Industry Segment: Industrial Manufacturing | Word Count: 1002 Words
Attachment: gulf coast final, natural gas fired projects

SUGAR LAND--June 12, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info has seen expenditures on pipe, valve and fitting (PVF) products rise in the U.S. each year since 2009. In that year, annual PVF reached a low point of approximately $9.1 billion because of the large number of delays and cancelations of industrial projects. According to Industrial Info's Pipes, Valves & Fittings Market Assessment, approximately $10.8 billion will be spent on PVF products this year, growing another $1.14 billion through 2016, an increase of 11%.

Other companies featured: Royal Dutch Shell plc (NYSE:RDS.A), Sasol Limited (NYSE:SSL), Chevron Phillips (NYSE:CVX)

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