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Parker Hannifin Corporation reported results for the fiscal 2016 first quarter ended September 30, 2015. Fiscal 2016 first quarter sales were $2.87 billion, compared with $3.27 billion in the prior year quarter.

ABB announces third quarter highlights.

Order intake on a currency-adjusted basis increased by 3% in the first nine months of the year. As part of its ongoing restructuring program, Sulzer is announcing the closure of its Pumps Equipment manufacturing plant in Brookshire, TX, USA, and is also considering closing its foundry in Kotka, Finland.

Baker Hughes Incorporated announced results for the third quarter of 2015.

Pentair announced third quarter 2015 sales of $1.6 billion. Sales were down 12 percent compared to sales for the same period last year. Adjusted third quarter 2015 earnings per diluted share from continuing operations (“EPS”) were $0.97, down 13 percent from adjusted EPS of $1.11 in the third quarter of last year.

In light of indicators of a further global economic downturn – particularly in emerging economies including China – as well as the announcement of the International Monetary Fund (IMF) to revise downwards its estimates for global economic growth, also GEA specifies its guidance for fiscal year 2015.

The market for water and wastewater treatment chemicals will grow by over 16 % from 2015 to 2019 at oil prices of $80/barrel during the period and Chinese economic growth of 7 % per annum. At $40/barrel and 2 % economic growth in China, the treatment chemicals market growth will only be 10 %.

A small number of companies purchase a large percentage of industrial valves. The McIlvaine company in Industrial Valves: World Market identifies these companies and provides estimates of their yearly valve purchases.

According to a new report by Allied Market Research titled “UV Disinfection Equipment Market – Size, Industry Analysis, Trends, Growth, and Forecast, 2013-2020”, the global UV disinfection equipment market has a potential to reach $2.8 billion by 2020, registering a CAGR of 15.3% during 2014-2020. The present progress witnessed in the market is due to the growing environmental concerns, toxicity of industrial water wastes, and the shrinking freshwater sources.

Worldwide market for submersible pumps is forecast to reach USD 12.2 billion by 2020, growing at a compounded annual rate of 5.4% during the period 2015 to 2020. According to MarketsandMarkets, factors such as growing percentage of urban population, rapid industrialization, and huge investments for infrastructure development will drive demand for submersible pumps across the globe.