Market Analysis: The valve industry has a huge market for development

After years of development, the number of Chinese valve companies ranks first in the world, and there are about 6,000 valve companies of all sizes. As a component of fluid delivery, the valve industry has developed rapidly in recent years as the national economy has grown.

From January to November of 2007, China's valve and cock manufacturing industry achieved a cumulative industrial output value of 84,288,398,000 yuan, an increase of 31.47% over the same period of the previous year; and realized cumulative product sales revenue of 80,571,055 thousand yuan. The year-on-year increase was 29.36%; total accumulated profits amounted to RMB 5,772,097 thousand, an increase of 44.16% over the same period of the previous year.

From January to August 2008, China's valve and cock manufacturing industry achieved a total industrial output value of 73,321,603,000 yuan, an increase of 27.02% over the same period of the previous year; and realized cumulative product sales revenue of 70,451,147,000 yuan. , an increase of 27.27% over the same period of the previous year; total accumulated profits of 4,470,009,000 yuan, an increase of 15.37% over the previous year.

In the “11th Five-Year Plan” period and in the coming years, China’s petrochemical, natural gas, and metallurgical industries, electricity, and urban construction will have a lot of demand for valves. It is expected that during the “Eleventh Five-Year Plan” period, China’s total demand for valves will be To reach 34.5 billion yuan, therefore, the valve industry has a huge market development space.