Industry Analysis & Industry Trends
Valves play a crucial role in many industries in the modern economy. They are used in dishwashers, air conditioners and gas ovens as well as in the oil, gas, manufacturing, construction, energy and water industries. Kitchen and bathroom taps are also simple types of valves. The United Kingdom accounts for a relatively small percentage of the global valve market, but has a significant role in some segments. International trade has a substantial influence on industry performance as exports account for a major share of revenue, while imports satisfy a large share of domestic demand. However, the value of imports and exports are artificially inflated by re-exports.
The industry is expected to generate revenue of £1.6 billion in 2015-16, an increase of 0.8% on the previous year... purchase to read more
Industry Report - Industry Locations Chapter
Businesses in the industry tend to operate near customer bases, key suppliers and transportation hubs. Historical factors can also influence the location of a valve manufacturing facility. For instance, local government may have awarded grants to help fund the set-up of a factory or the founder may have placed the company in the region where they lived. Industry establishments are well distributed across the United Kingdom.
The North West and Yorkshire
The North West and Yorkshire regions have the highest concentration of industry establishments, with each region being home to approximately 15.4% of establishments. The North West is home to the United Kingdom's largest manufacturing sector with strengths in chemicals the nuclear energy market, among other areas... purchase to read more