Global Industrial Valve Market Expand
In the join of the golden September and silver October, people in China are all expecting the coming Mid-Autumn Festival.
According to the statistics, the global market scale of industrial valves expanded to 60-70 billion dollars, and it’s going to keep growing at a rate of 5% every year. Regionally viewing, consumption countries ranked the top ten are China, American, Japan, Russia, India, Germany, Brazil, Saudi Arabia, South Korea and UK. In the downstream market of the valve industry, oil, water treatment, electric force and chemical engineering are occupied the main application fields, respectively, 30%, 14%, 13%, 11%; main industrial valve types supplied are control valve, ball valve, gate valve, globe valve and butterfly valve, respectively, 24%, 22%, 18%, 10%.
As the environmental governance in China goes stricter, how to better balance the environmental protection and the product’s quality and cost has become a very first question for valve industry. We are now in the leading position of this business line followed by new challenges and issues, but meanwhile, we’re welcoming the opportunities to growing stronger and more thriver.
Source: China Industrial Valve Manufacturer – Yaang Pipe Industry (www.ugsteelmill.com)