In North America and some developed countries, there are many proposed and expanded oil projects. In addition, due to the increasing emphasis on environmental protection, the state has established environmental regulations, so the refineries established many years ago must be re-engineered, so in the future In the year, funds invested in oil development and refining will continue to grow. The construction of China's oil and gas long-distance pipelines and the construction of long-distance pipelines in Russia will directly promote the growth of the petroleum industry valve market. Based on long-term developments in the oil and gas development and delivery valve markets, the demand for valves for oil and gas development and delivery is forecast to increase from $8.2 billion in 2002 to $14 billion in 2005.
For a long time, the energy industry's demand for valves has maintained a solid and steady growth rate. The total power generation of thermal power stations and nuclear power plants built around the world is 2,679,030 MW, and the power generation in the United States is 743,391 MW. The power generation of new power stations in other countries in the world is 780,000 MW, which will increase by 40% in the next few years. The energy market in Europe, South America, Asia, and especially China will become a new growth point in the valve market. From 2002 to 2005, the demand for valve products in the energy market will rise from $5.2 billion to $6.9 billion, with an average annual growth rate of 9.3%.
The chemical industry ranks first in the industry with an output value of more than $1.5 trillion and is one of the largest demand markets for valves. The chemical industry needs to be mature in design, high in processing quality, and industrially rare material valves. In recent years, competition in the chemical market has become extremely fierce, and many chemical manufacturers have had to cut costs. However, in 2003-2004, the output value and profits of the chemical industry have doubled, and the demand for valve products has ushered in a new 30-year period. Peak, after 2005, the chemical industry's demand for valve products will grow at a rate of 5% per year.
Generally speaking, the price of China's valve market is relatively stable. Although it is slightly raised and lowered every year, the range is very small. Through the analysis of the valve market, it is not difficult to find that China's valve product market has a good development prospect, but it must eliminate vicious competition by regulating market order and strict management. It calls for the conscience of the industry and the quality supervision of the government.