2014-02-07 07:21:02 - Pumps, Compressors, Taps and Valves in Australia: ISIC 2912 - a new market research report on companiesandmarkets.com
Demonstrating 5% annual growth over 2000-2010, the Australian market of pumps, compressors, taps and valves was in a growth stage, and after the economic downturn is expected to recover due to internal industrial demand.
The total market displayed 71% growth over the review period as a whole to reach A$4.7 billion in 2010. While the largest growth of 23% took place in 2008, the market started to decline in 2009 and 2010 as the economic downturn was harmful to industrial demand.
Other businesses clearly represent the largest customer group for this industry, comprising 57-59% of the entire local market throughout the decade (59% share in 2010). More than a third of market production each year is sold for investment purposes, although capital
sales slightly decreased from 39% in 2000 to 36% in 2010 of total products sold.
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