The valve industry plays an important part of boosting city construction, industrial development, technological innovation and globalization of the four factors. China is going to post strongest gains of any national market. China's future domestic valve industry will move towards to a level of more international, high-end, modern development. That is also the development direction of China's domestic valve industry valve.
Domestic chemical machinery industry is growing rapidly. China will post the strongest advances of any national market in value terms. It accounts for 23 percent of all additional valve sales on a global basis. A number of smaller national markets are also expected to record healthy sales increases. As an important component, the valve industry also has a huge growth space through the transformation and upgrading to obtain greater progress.
Not the same as the chemical machinery industry, the rapid advance of the valve industry gradually exposed many problems and let the industry face severe challenges. Market development in these areas will lag those in most other parts of the world, limited by below average increases in process manufacturing output and associated fixed investment expenditures. It can be stated that opportunities and challenges coexist, with the achievements and risks. Therefore, it is right to actively promote industrial restructuring and upgrading.
Valve transition trend: First, energy development. On the other side, it is the energy conservation. So from the perspective of energy conservation, it is right to develop the steam trap, and promote the development of sub critical and supercritical parameters of the high. Second, urban systems generally use a large number of low pressure valve with a direction of the development of environmentally friendly and energy-saving. For example, low-pressure iron gate is replaced by the environment-friendly plastic sheet valve, balance valve, metal sealed butterfly valve and the center line butterfly valve seal transition. Oil, gas pipeline project is going to be transformed into a green pipeline system, which requires a large number of flat gate valve and ball valve. Third, cast steel valve products market trends. With the transfer of oil development to the mainland oil fields and offshore oil fields, and the power industry under the 300 thousand kilowatts of thermal power to more than 300 thousand kilowatts of thermal power and hydropower and nuclear power development, valves should be changed based on device applications and the corresponding changes in its performance and parameters. Fourth, a complete set of project requirements. The valve supply changes from a single variety to the multi species and multi specification development. Fifth, power plant construction to large-scale development, so the need for large diameter and high pressure safety valve and pressure relief valve, but also need to quickly open and close the valve.