Analysis of China's valve industry current application market space

With the development of China's valve industry, the variety of valves is also increasing. There are more and more industries that apply valves, such as the petrochemical industry, the oil refining industry, the nuclear power industry, and the thermal power industry. More and more applications in the industry also have more new requirements for valves, and the quality and technical requirements of the valves are also getting higher and higher. The following will take you to look at the development prospects of the valves in various industries.

Petrochemical industry: The competition in the petrochemical industry has always been fierce. The requirements for valve equipment are also the most stringent. The future valves will cooperate with industry automation to promote the overall level of valve equipment and develop multifunctional, high-efficiency and low-consumption petrochemical valve equipment. Annual output value of China's petrochemical enterprises is in the hundreds of billions, which shows that China has a large valve market, we should consider from the perspective of market changes, to ensure stability and development.

Refining industry: After 60 years of development in China's oil refining industry, the scale of production has expanded rapidly. Driven by a series of policies and measures, the output value and output of China's oil refining industry continued to grow in 2010, structural adjustments gradually advanced, and continued to maintain a good momentum of development. In 2010, the refining industry achieved an output value of 2,225.2 billion yuan, a year-on-year increase of 38%. Therefore, it can also be seen that there is a huge market for the valve application market in China's oil refining industry.

Nuclear power industry: Valves are the basic equipment for nuclear power equipment in this industry, accounting for roughly 5-10% of capacity. China will continue its nuclear power development plan, with nuclear power installed capacity reaching 40GW and 75GW in 2015 and 2020 respectively. China will restart the approval of new nuclear power projects around mid-2012. Therefore, in this field, we must constantly introduce new products and new equipment to meet market demand.

In addition, valves are required for the construction industry as well as for special industries. The use of the valve is very extensive, and it is used in many companies. This fully shows that the valve is developing very quickly and has a good prospect.