The Development of Valves in The Main Market

Author:     Published time:2017-07-26 17:03     Reading times:1052    

In the field of petroleum and gas industry


There are many proposed and expand construction on petrol in North America and some developed countries. Besides, many states legislated for environmental protection due to people’s growing environmental awareness. So, some refineries founded many years ago will be remodeled, and investment to petrol development and refinery will keep growing in the next years. According to the long-time development on the market of petrol, gas exploration and valve transportation, there is a forecast that the demanding on these industries will increase from $ 8.2 billion in 2002 to $14 billion in 2005.


In the field of energy industry


The energy industry has long been maintaining its demand for valves with a steady and firm growth rate. The total power generation is 2 679 030MW on the worldwide heat power and nuclear power stations. The power generation in America is 743 391MW, in other countries from new stations are 780 000MW, and it will increase by 40%. The new growth point in valve market will appear in the energy market of Europe, South America, Asia, especially China. The energy market for valves will increase from $5.2 billion to $6.9 billion from 2002 to 2005, the annual average growth rate of which is 9.3%.


The field of chemical industry


The chemical resides the head of other industries with the output valve of 1.5 dollars, and so is the biggest market to valves. The chemical industry needs valves with mature design, excellent quality and rare materials. The competition in the chemical market is so fierce in these years that many factories have to slash costs and expenditure. While the output value and profits in this field have doubled and redoubled from 2003 to 2004, the demand for valves reaches new high for 30 years. After 2005, it will increase by 5% a year.


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