Jordan, Knauff & Company’s latest Industry In-Sight Flow Control Quarterly Update publication highlights capital market developments in the Flow Control industry.
The report points out that the Valve Manufacturers Association predicts that shipments for U.S. industrial valves will increase by 3 percent in 2013 to around $4.3 billion, which continues an upward trend for the market since 2009.
JKC’s update says the oil & gas industry is the largest user of valves, accounting for 29.9 percent of U.S. valve shipments in 2012 with similar expectations for 2013.
The JKC Valve Stock Index was up 29 percent over the last 12 months, while the broader S&P 500 Index was up 29.6 percent, the report said.
The U.S. Energy Information Administration’s latest estimates show that 18 percent of the U.S.’s production of natural gas comes from the Marcellus region, which produces an estimated 13 billion cubic feet per day.
Jordan, Knauff & Company’s latest update shows that the JKC Pump Stock Index rose 38.6 percent over the last 12 months, while the S&P 500 Index was up 29.6 percent.
For more information from this quarterly update, go here.