SOURCE: Industrial Info Resources

Industrial Info Resources

June 12, 2013 06:20 ET

Changing Energy Resources Shift Spending Patterns on Pumps, Valves and Fittings, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jun 12, 2013) - Written by Eric Funderburk, 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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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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