SIC 3491 - Industrial Valves
Establishments primarily engaged in manufacturing industrial valves. Establishments primarily engaged in manufacturing fluid power valves are classified in Industry 3492; those manufacturing plumbing fixture fittings and trim are classified in Industry 3432; and those manufacturing plumbing and heating valves are classified in Industry 3494.
Industry trends:
As of the latest reports, the industrial valves sector (NAICS 3491) is witnessing several key qualitative trends. One notable trend is the increasing focus on smart and automated valves. These valves incorporate IoT technology to enable real-time monitoring, diagnostics, and predictive maintenance, thus improving operational efficiency and minimizing downtime. This shift is primarily driven by advancements in Industry 4.0 and the growing adoption of smart manufacturing techniques.
Another trend is the rising demand for energy-efficient and environmentally friendly valves. Manufacturers are under pressure to comply with stringent environmental regulations and are consequently innovating to produce valves that reduce emissions and operate more efficiently. This has also led to the growing use of advanced materials like carbon composites and alloys that offer superior performance and longevity.
The market is also seeing increased consolidation as companies look to expand their product portfolios and geographic reach through mergers and acquisitions. This trend is expected to continue as businesses strive to achieve economies of scale and better serve the global market.
Looking ahead, the industrial valves market is forecasted to experience steady growth. This is anticipated to be driven by the expansion of industries such as oil and gas, water and wastewater treatment, and power generation, which continue to require robust valve solutions. Additionally, as digital transformation continues to sweep across industries, the demand for technologically advanced valves is expected to rise, spurring further innovation and development in the sector.
This industry is comprised of:
Boiler gauge cocks
Compressed gas cylinder valves
Fire hydrant valves
Gas valves and parts, industrial
Pop safety valves, over 15 lbs. w.s.p.
Pressure valves, industrial: except power transfer
Steam traps, over 16 lb. w.s.p.
Valves, automatic control: industrial, except fluid power
Valves, industrial: gate, globe, check, pop safety, and relief
Valves, nuclear
Valves, relief: over 15 lbs. w.s.p.
Valves, solenoid: except fluid power
Water works valves
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.