Brian Ford is editor in chief at Industrial Info Resources and has been with IIR since 2014. With global headquarters in Sugar Land, Texas, and 18 offices worldwide, IIR is a provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. To contact IIR, visit www.industrialinfo.com or call 713-783-5147.
Industrial Info Resources (IIR) is tracking more than 6,000 U.S. maintenance-related projects, worth $14.4 billion, that list pipe, valves and fittings (PVF) among their equipment key needs and are planned to start construction in 2021.
Amid continued uncertainty over the long-term impact of the COVID-19 coronavirus, oil and gas prices, and the economy in general, Industrial Info Resources has tracked more than $55 billion worth of U.S. capital projects requiring pipe, valves and fittings (PVF) that were planned for completion in the first quarter of 2020.
Bolstered by continued growth in the economy, overall U.S. pipe, valves and fittings (PVF) spending across 12 industries is expected to increase to $13.6 billion in 2020, up by nearly $400 million from 2019, notes Industrial Info Resource’s PVF Market Assessment.