The market is dominated by domestic suppliers, as imports account for 43.9% of total market size in 2023. B2B drives market demand, with B2B spending representing 97.9% of total demand in 2023. The US has the largest market size for pumps, compressors, taps and valves across the top 20 developed countries, with demand reaching USD99.3 billion in 2023. Flowserve Corp is the largest company in the US, generating 1.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 6.1% of total production value in 2023. The total number of companies increases in 2023, to 4,482 units. The costs of the industry increase by 1.1% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 25.2% of production value in 2023, the highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 31.4% of total production output. With production value of USD83.0 billion, the US accounts for 94.7% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Pumps, Compressors, Taps and Valves in the US: ISIC 2912. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pumps, Compressors, Taps and Valves in the US: ISIC 2912 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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