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The sectors are forecast to rise by 8.3% this year, driven by strong spending in oil and gas pipelines, chemical processing, metals and minerals, and power sectors, with notable growth in natural gas pipelines and renewable energy projects.
February 2, 2026
Industrial industrial project spending for pipe, valves, and fittings (PVF) is projected to climb 8.3% to over $45.6 billion in 2026, fueled by a surge in natural gas infrastructure and a shifting regulatory landscape for energy and mining.
Rising materials and equipment costs are increasing financial strain on developers and contractors, especially those working under fixed-price contracts signed before recent price hikes.
Founded in 1922, McArdle & Walsh has built a strong reputation for deep industry expertise, reliable service, and long-standing customer relationships.
HARDI’s second annual New York State Advocacy Day put HVACR distributors face-to-face with state lawmakers to push for refrigerant regulations aligned with federal standards.