Developments in its major markets valve

1. Oil, gas industry

In North America and some developed countries, many of the proposed expansion of oil projects, In addition, because there is growing attention to environmental protection, countries have established environmental protection laws and regulations, so many years ago to establish the refinery must be reinvented, so in the next few years, the development and refining of oil into the funds will maintain growth momentum. China's long-distance oil and gas pipeline construction and the future of the Russian long-distance pipeline construction will contribute directly to the oil industry valve market growth. As shown in Figure 2, according to oil and gas development and distribution of valves of the long-term development of the market is forecast to oil and gas development and distribution of valves in 2002 the demand will be 8.2 billion U.S. dollars in 2005 increased to 14 billion U.S. dollars .

2. The energy industry

A long time, the energy industry on the demand valve has maintained a solid and stable growth. The construction of thermal power plants around the world and the nuclear power plant generating a total of 2 679 030MW, the United States generating capacity of 743 391MW, other countries in the world of new generation capacity of power plant projects 780 000MW, the next few years will increase by 40%. Europe, South America, Asia, especially China's energy market will become the new valve market growth. From 2002 to 2005, the energy market on the demand for valve products increased by 5.2 billion U.S. dollars from 6.9 billion U.S. dollars to an average annual rate of 9.3%, as shown in Figure 3.

3. Chemical Industry

The chemical industry to more than 1.5 trillion U.S. dollars of output value of the first in the industry, but also the needs of the largest valve markets in the world. Need to design the chemical industry more mature and processing of high quality, rare material of industrial valves. In recent years, the chemical industry has become fierce market competition, many chemical manufacturers were forced to cut costs, however, from 2003 to 2004, the chemical industry's output value and profits doubled, the demand valve 30 years ago ushered in the to new heights, as shown in Figure 4, in 2005, the chemical industry demand for valve products will be the growth rate of 5% per annum growth. valve ball valve gate valve check valve globe valve butterfly valve
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