Valve Manufacturers Association President Bill Sandler told attendees of his Valve Industry Outlook presentation at the Valve World Americas Expo & Conference 2015 in Houston that growth projections for the industry this year have been lowered. “We had forecast an increase of 2.5% in 2015,” he said. “We’ve lowered that somewhat to 1.5% to 2% for the year.”
Sandler presented the results of a VMA member survey that painted a downward trend in the valve industry in line with the current overall climate in the industrial PVF sector. Thirty-four percent of respondents saw a drop in orders from June 2014 to June 2015. “People are beginning to see a slowdown,” Sandler said.