The Development Of Valve Market

- Dec 06, 2019-

1. Oil and gas industry

In North America and some developed countries, there are many oil projects to be built or expanded. In addition, because people pay more and more attention to environmental protection and the country has established environmental protection laws and regulations, the refineries established many years ago must be rebuilt. Therefore, in the next few years, the investment in oil development and refining will maintain the growth momentum. The construction of long-distance oil and gas pipelines in China and Russia in the future will directly promote the growth of the valve market in the oil industry. According to the long-term development of oil and gas development and transmission valve market, it is predicted that the demand for oil and gas development and transmission valve will increase from 10 billion US dollars in 2008 to 20 billion US dollars in 2012.


2 energy industry

For a long time, the demand for valves in the energy industry has maintained a solid and stable growth rate. The total power generation capacity of thermal power stations and nuclear power stations in the world is 2679030mw, and that of the United States is 743391mw, which will increase by 40% in the next few years. The energy market in Europe, South America, Asia, especially China will become a new growth point of valve market. From 2008 to 2012, the demand for valve products in the energy market will rise from 8 billion US dollars to 11 billion US dollars, with an average annual growth of 9.3%.


3. Chemical industry

The chemical industry ranks first in the industry with an output value of more than 150 million US dollars, and it is also one of the largest demand markets for valves. Chemical industry mostly needs industrial valves with mature design, high processing quality and rare materials. In recent years, the competition in the chemical market has become extremely fierce, many chemical manufacturers have to cut costs. However, in 2003-2004, the output value and profits of the chemical industry doubled, and the demand for valve products ushered in a new peak in the past 30 years. After 2010, the demand for valve products in the chemical industry will grow at an annual growth rate of 5%.


Influence of oil and gas industry on valve technology

Although the range of valve products involved in the development and transportation of oil and natural gas has not changed in the past century, valve manufacturers have been constantly updating valve technology and actively responding to the changes in the oil and natural gas industry market. If they want to stay ahead of the market or not to be left behind, valve manufacturers should constantly update the technology and process of valve design, manufacturing, service and sales. The fact is that oil companies have more and more requirements for valve manufacturers: on the basis of providing reasonable prices, advanced valve manufacturers must be good at solving the problems faced by oil companies. In the case of worse working environment and stricter environmental protection requirements, extend the performance of valve products and provide more service capabilities.