Briefly talk about the development of several major valve markets

1. Energy Industry

For a long time, the energy industry’s demand for valves has maintained a solid and stable growth rate. The total power generation of thermal and nuclear power plants built around the world is 2679030MW, the power generation of the United States is 743391MW, and the power generation of new power plants in other countries in the world is 780,000MW, which will increase by 40% in the next few years. Europe, South America, Asia, especially China’s energy market will become a new growth point for the valve market.

2. Chemical industry

The chemical industry ranks first in the industry with an output value of more than 1.5 trillion US dollars, and it is also one of the largest demand markets for valves. The chemical industry mostly needs industrial valves with mature designs, high processing quality and rare materials.

3. Oil and gas industry

In North America and some developed countries, there are many planned and expanded petroleum projects. In addition, because people pay more and more attention to environmental protection, the country has established environmental protection laws and regulations. Therefore, oil refineries established many years ago must be rebuilt. During the year, the funds invested in oil development and refining will continue to grow. The construction of China’s oil and gas long-distance pipelines and the future construction of Russia’s long-distance pipelines will directly promote the growth of the oil industry valve market.