With the increase in the development and utilization of oil and natural gas, China's valve market has grown substantially, making most valve manufacturers value the establishment of factories in China. There are many types of valves and their uses are very wide. The oil and gas industry has always been a large buyer in the valve market. Technical updates on metal sealing, anti-explosion decompression, corrosion of sulfur-containing crude oil, fugitive emissions, premature wear and equipment fatigue, preventive maintenance, automatic actuators, pipeline ball valves, etc.
Due to the increasingly fierce competition in the global valve market, many world-renowned valve manufacturers closed their plants in North America, Europe and Japan and moved to China, India, South Korea and Central Europe to reduce the manufacturing cost of valves and increase sales profits. . With China's increased efforts to develop and utilize oil and natural gas, China's valve market has grown substantially, which has made most valve manufacturers value building plants in China. As a result, there has been an upsurge of foreign valve companies building factories in China, and some companies even have multiple factories in China to shorten the transportation distance and delivery time.
In 2004, the American Valve Association announced that the US domestic valve market share reached 3.18 billion US dollars; according to the China General Machinery Association, the Chinese valve market exceeded 20 billion yuan. By 2010, China ’s domestic valve demand will reach 34.5 billion yuan. The sales of various valves in the global market are about 40 billion US dollars. China has more than 2,000 valve manufacturers, plus more than 1,400 valve manufacturers in other developed and developing countries, accounting for 80% of the global market share; another 10 valve joint companies have 20% of the global market Share.
There are many types of valves and their uses are very wide. The oil and gas industry has always been a large buyer in the valve market. Petroleum (including oil refining) and natural gas are used in large amounts, accounting for 37.4% of the total consumption; the amount of valves used in the energy field is 21.3%; the third place is the chemical industry, which is 11.5%; followed by the water treatment and sewage treatment fields, 11.4%.
In the dual challenges of market and technology, advanced valve manufacturers always face the changes in valve standards and market rules with a positive attitude. They took the initiative to participate in it, strengthen cooperation with various standards committees and valve associations, and share information. In the final analysis, no matter how the market changes, it is always those valve manufacturers who are good at solving user problems, and this advantage comes from the cooperation with the user on the valve working site. These valve manufacturers encourage valve design engineers to communicate with more end users, and require design engineers to visit the site to understand the valve working environment. Valve companies willing to innovate know that the development of valve technology and market profit come from the work on the customer's site.
In the next few years, the world's largest oil companies will continue to modify and supplement the quality standards of their selected valves to make up for problems arising from fugitive emissions, fire safety, and ease of maintenance. Valve manufacturers are pleased with the continued increase in demand for valves and sales growth brought by new technologies, and they have to face the brutal suppression of the profit of valve products by the "one-time payment". This contradiction in the oil and gas industry valve market makes valve manufacturers must devote themselves to the innovation of valve technology while maintaining market share.