In the medium and long term, the main factors affecting […]
In the medium and long term, the main factors affecting the downstream industry expansion of the valve industry, including the growth of energy demand, the sustained growth of global population and urbanization and industrialization of developing countries, are not the fundamental causes of the financial crisis. Change. At present, the world's major economies have entered the economic recovery cycle (according to the statistics and forecasts of the International Monetary Fund, global economic growth recovered in 2010 and 2011, with growth rates of 5.2% and 3.8% respectively in 2012 - the annual growth rate of the global economy is expected to remain above 3% in 2013. Since 2010, the valve industry has also begun to recover. According to the survey forecast data, in 2010 and 2011, the global valve industry revenue was 49.23 billion US dollars and 51.166 billion US dollars respectively, and the growth rate recovered to 3.78% and 3.73% respectively. - In 2015, the global valve industry is expected to grow steadily by 4.16% and 3.93%, 3.94% and 4.18% respectively.
1. Market Structure of Global Valve Industry
The global valve market is mainly concentrated in countries and regions with developed economy and industry. According to survey and forecast data, the 10 most important single-valve consumers in the world in 2011 are the United States, China, Japan, Russia, Germany, India, Brazil, Saudi Arabia, France and Korea. Among them, the three major valve markets in the United States, China and Japan are 8.848 billion US dollars, 7.346 billion US dollars and 2.791 billion US dollars respectively. From the regional market point of view, East Asia, North America and Western Europe are currently the largest regional valve markets in the world. In 2011, the total value of the valve market was US$14.429 billion, US$11.112 billion and US$100 million, respectively.
In recent years, the demand for valves in developing countries and the Middle East, represented by China, has increased rapidly, and has begun to replace the European Union and North America as a new engine for the development of the global valve industry. According to Michael Wayne's forecast, the valve markets in Brazil, Russia, India and China (BRICS) will reach US$1.729 billion, US$2.607 billion, US$2.165 billion and US$9.827 billion, respectively, to US$100 million. Compared with 2011, the growth rate is 33.56%, and the total market size will account for the proportion of global market size. As a traditional exporter of crude oil, Middle East countries have extended downstream to the oil and gas industry through new refining projects in recent years, which has generated huge demand for valve products.
The main reason for the rapid expansion of valve market in developing countries is that the rapid growth of economic aggregate in these countries has led to the development of downstream industries such as oil, gas, electricity, chemical industry and stimulated the demand for related valves. According to the International Monetary Fund forecast, in 2012 and 2013, the average economic growth rates of emerging economies such as Brazil, Russia, India and China will reach 5.4% and 5.9%, respectively; in the same period, developed countries such as the United States, Japan and Germany will reach 5.4% and 5.9%. The average economic growth rate is 1.2% and 1.9% respectively. Compared with the developing countries represented by China, North America and the European Union, the developing countries, as the traditional valve products market, still have a larger market share in the global valve market, but their growth rate tends to slow down.
2. Development Survey of Domestic Valve Industry
From 2003 to 2011, China's economy maintained a rapid growth trend. The average growth rate of GDP was 26.72% for the whole society. The domestic valve industry as a whole maintained a sustained growth trend, and its prosperity was higher than the global level. After the outbreak of the global financial crisis in 2008, the growth rate of domestic valve industry declined, but returned to a higher growth level in 2010. According to the analysis, it is expected that from 2012 to 2015, the market growth rate of China's valve industry will remain at a stable level of more than 6%, far higher than that of the global valve industry.
Three. Market Demand Structure of Valve Industry
Valves are one of the key devices in fluid control systems, which are usually used in liquid or gas flow control environments. Therefore, valves are widely used in various industrial fields of fluid control design. At present, the main application fields of valves are: oil and gas, power, chemical industry, water and sewage treatment, paper making, metallurgy, pharmaceutical, food, mining, non-ferrous metals, electronics and other industries. Petroleum, Natural Gas, Energy, Electricity and Chemical Industry