SIC 3494 - Valves And Pipe Fittings, Not Elsewhere Classified
Establishments primarily engaged in manufacturing metal valves and pipe fittings, not elsewhere classified, such as plumbing and heating valves, and pipe fittings, flanges, and unions, except from purchased pipes. Establishments primarily engaged in manufacturing plastics pipe fittings are classified in Industry 3089; those manufacturing plumbing fixture fittings and trim are classified in Industry 3432; and those manufacturing fittings and couplings for garden hose are classified in Industry 3429. Establishments primarily engaged in manufacturing fluid power valves are classified in Industry 3492, and those manufacturing other industrial valves are classified in Industry 3491. Establishments primarily engaged in fabricating pipe fittings from purchased metal pipe by processes such as cutting, threading, and bending are classified in Industry 3498.
Industry trends:
The Valves and Pipe Fittings industry, classified under NAICS 3494, is experiencing several notable qualitative trends. One of the prominent trends is a strong shift towards smart and automated valve solutions facilitated by advancements in the Internet of Things (IoT). Manufacturers are increasingly integrating sensors and actuators into their products to provide real-time data and remote control capabilities, aimed at enhancing operational efficiency and predictive maintenance.
Sustainability and environmental compliance are also major drivers. With stricter regulations and growing awareness, companies within the industry are innovating to produce eco-friendly and energy-efficient valves and fittings. This includes the development of emission-reducing materials and designs that minimize leakage and energy loss.
The industry is witnessing a surge in demand from emerging markets, particularly in Asia-Pacific. The rapid industrialization and urbanization in these regions are leading to increased investments in infrastructure and water management systems, thereby propelling the demand for advanced valve solutions.
For the near future, forecasts suggest continued growth in the integration of digital solutions and a further push towards sustainable practices. Additionally, geopolitical factors and fluctuations in raw material prices may introduce volatility but also drive innovations in cost-effective manufacturing techniques. Overall, the industry appears poised for steady growth, with technology and sustainability at the forefront of its evolution.
This industry is comprised of:
Boiler couplings and drains, metal
Couplings, pipe: except pressure and soil pipe-metal
Elbows, pipe: except pressure and soil pipe-metal
Flanges and flange unions, pipe: metal
Line strainers, for use in piping systems-metal
Pipe fittings, except plumbers'brass goods: metal
Pipe hangers, metal
Plumbing and heating valves, metal
Reducer returns, pipe: metal
Steam fittings and specialties, except plumbers'brass goods and
Stop cocks, except drain: metal
Unions, pipe: metal
Well adapters, tipless: metal
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