The impact of the oil industry on the valve market

With the increasingly fierce competition in the global valve market, many world-famous valve manufacturer manufacturers have shut down their plants in North America, Europe and Japan to China, India, South Korea and Central Europe to reduce valve manufacturing costs. Increase sales profit. With the increase in the development and utilization of oil and natural gas in China, the Chinese valve market has grown significantly, which makes most valve manufacturers pay more attention to building factories in China. As a result, there has been an upsurge in the establishment of foreign valve companies in China. Some companies even have multiple factories in China to shorten the transportation distance and delivery time.

In 2004, the American Valve Association announced that the United States domestic valve market share reached 3.18 billion US dollars; according to China General Machinery Association data, China's valve market exceeded 20 billion yuan, by 2010, China's domestic demand for valves will reach 34.5 billion yuan. The sales of various types of valves in the global market are around US$40 billion. There are more than 2,000 valve manufacturers in China, plus more than 1,400 valve manufacturers in other developed and developing countries, accounting for 80% of the global market share; another 10 valve joint companies occupy 20% of the global market Share.

There are many types of valves and they are widely used. The petroleum and natural gas industries have always been the biggest buyers in the valve market. The largest amount of petroleum (including oil refining) and natural gas fields accounted for 37.4% of the total; the amount of valves in the energy sector was 21.3%; the third was in the chemical industry, which was 11.5%; followed by water treatment and sewage treatment, 11.4 %.