Valve is one of the key equipments in fluid control system. At present, the main applications of valve include petroleum and gas, power, chemical engineering, water supply and sewage treatment, paper making and metallurgy. Among that, oil & gas, power and chemical industry are the most important applications of valve. According to the prediction from McIlvaine, the market forecaster, the demand of industrial valve will reach 100 billion dollars. Energy demand in developing countries is the main factor to promote industrial valve market to develop. It is estimated that from 2015 to 2017, the growth rate of industrial valve market size will maintain at about 7%, much higher than the growth rate of global industrial valve industry.
With valve industry improving gradually, market prospect of stainless steel is optimistic. Experts considered that in the past year, quantity and quality of stainless steel valve in China were significantly improved. Application and market prospect are wide. In the next few years, stainless steel valve market will be larger and stronger.
In general, Chinese pump and valve market still has lower market concentration, mainly focusing on low-end products. In terms of core technology, China valve manufacturer fall behind than manufacturers in developed countries.
In the aspect of the overall valve market, the valve market is classified into Chinese valve market and international market.
Influenced by economic, adjustment of global valve manufacturing makes industrial gravity centre, technology and investment of world top brands be transferred to China. Modern life style and sport concept advocating relaxation and nature promote consumer demands on Chinese valve market to grow highly.....