N. American valves and actuator markets to expand

Even as the economic climate remains intensely competitive in the US, the North American markets for industrial valves and actuators will show steady growth. Demand for these products will rise as state governments attempt to overcome the current electricity supply crisis by building new plants and upgrading current infrastructures. New analysis by Frost & Sullivan, “North American Industrial Valve and Actuator Markets,” reveals this market generated USD 3.1 billion in 2000 and is projected to reach USD 3.6 billion by 2007. “The most successful valve and actuator manufacturers will be those that enable technicians to predict maintenance needs,” says Frost & Sullivan Research Analyst Pierre Marchebout-Urrea. “By integrating advanced communications technologies with their valves, manufacturers can develop systems that pre-diagnoses maintenance requirements.”

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