Oil and gas industry
In North America and some developed countries, there are many proposed projects, the expansion of oil projects, in addition, because people pay more and more attention to environmental protection, the state established environmental regulations, so many years ago to establish the refinery must be re-transformation, so in the next few Year, investment in oil development and refining of funds will also maintain the momentum of growth. China’s long-distance pipeline of oil and natural gas pipeline construction and the future construction of long-distance pipeline in Russia will directly promote the growth of the oil industry valve market. According to the long-term development of the oil and gas development and delivery valve market, the demand for oil and natural gas development and transportation for valves will increase from US $ 8.2 billion in 2002 to US $ 14 billion in 2005.
For a long time, the energy industry demand for the valve has maintained a solid, stable growth rate. The total amount of electricity generated by thermal power plants and nuclear power plants around the world is 2 679 030MW, and the electricity generation in the United States is 743 391MW. The new power generation projects in the rest of the world will generate 780,000MW and 40% increase over the next few years. Europe, South America, Asia, especially China’s energy market will become a new growth point of the valve market. From 2002 to 2005, the energy market demand for valve products will rise from $ 5.2 billion to $ 6.9 billion, an average annual increase of 9.3%.
The chemical industry ranks first in the industry with more than $ 1.5 trillion in output and is one of the largest demand markets for valves. Chemical industry need to design more mature, high-quality processing, industrial rare materials valves. In recent years, the chemical market competition has become extremely fierce, many chemical manufacturers have to cut costs, but in 2003-2004, the chemical industry’s output and profits doubled, the demand for valve products ushered in 30 years of new Peak, after 2005, the chemical industry demand for valve products will grow at an annual growth rate of 5%.