Analysis of Valve Industry Situation and Market Survey of Valve Industry
From the technical point of view, the global valve market can be divided into three different market levels: high-end industry <a href="http://www.doooyi.com"<span style="color: ff0000;">valve </span> </a> market, middle-end industrial valve market, low-end industrial valve and civil valve market. The degree of competition in different market levels of global valve industry is different.
In 2008, the financial crisis that started in the United States swept across the world rapidly. Major economies, including Europe and North America, were affected to some extent. The growth rate of global GDP dropped from 5.15% in 2007 to 3.2% in 2008 and -1.32% in 2009. The rapid cooling of the global economy has a negative impact on the investment in fixed assets in the downstream industry of valves. The delayed implementation of fixed assets investment projects in petroleum, natural gas, power, chemical and other industries has adversely affected the sound development momentum of the steady growth of the valve industry. According to McIlvaine, a market research company, the global industrial valve industry generated $47.436 billion in revenue in 2009, a growth rate of only 0.56%.
In the medium and long term, the main factors affecting the expansion of the downstream industry of the valve industry, including the growing energy demand, the sustained increase of global population and the urbanization and industrialization process of developing countries, have not changed fundamentally due to the financial crisis. At present, the world's major economies have entered the economic recovery cycle (according to the statistics and forecast data of the International Monetary Fund, the global economic growth in 2010, 2011 and 2012 has achieved restorative growth, with growth rates of 5.3%, 3.9% and 3.2%, respectively, and the annual growth rate of the global economy is expected to be 2.9% and 3.6% in 2013 and 2014). According to McIlvaine's survey and forecast data, the global industrial valve industry revenue in 2010, 2011 and 2012 was 49.224 billion US dollars, 51.317 billion US dollars and 53.261 billion US dollars respectively, and the growth rate recovered to 3.77%, 4.25% and 3.79%, respectively. The global industrial valve industry's sales growth rate is expected to reach 4.22%, 4.05% and 4.36% in 2013-2015, respectively. Steady upward growth trend.