PVF Spending to Increase in U.S. Power Sector

SUGAR LAND--September 11, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--After taking a dip in 2018, spending in the U.S. Power Industry for pipes, valves and fittings (PVF) is forecast to continue to rise through 2020, as project activity in various sectors increases. In the Power Industry, PVF is used in everything from coal-fired boilers to nuclear cooling systems, and a steady amount of project activity is a boon to PVF suppliers. Industrial Info is tracking more than 3,300 capital and maintenance projects in the U.S. Power Industry that are set to kick off in 2019 and 2020, and estimates that PVF spending in the power sector for these two years will be in excess of $143 billion. The projects cover a range of geographies; however, regional activity, such as a high concentration of retiring coal-fired plants, necessitates higher spending in various locales.