Rapid growth of valve demand in developing countries
- Categories:Industry Dynamics
- Author:
- Origin:
- Time of issue:2015-05-20 09:46
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(Summary description)Industry insiders say that the next few years will be a period of high-speed shocks in the valve industry. The direct consequence of this high-speed shocks is the expansion of polarization in the current brand camp of valve cabinets. It is expected that in the next few years, there will be absolutely not so many valve companies that can really survive in the market. But the high-speed shocks in the valve industry will bring huge opportunities, and the results of the shocks will make the market operation more rational.
Rapid growth of valve demand in developing countries
(Summary description)Industry insiders say that the next few years will be a period of high-speed shocks in the valve industry. The direct consequence of this high-speed shocks is the expansion of polarization in the current brand camp of valve cabinets. It is expected that in the next few years, there will be absolutely not so many valve companies that can really survive in the market. But the high-speed shocks in the valve industry will bring huge opportunities, and the results of the shocks will make the market operation more rational.
- Categories:Industry Dynamics
- Author:
- Origin:
- Time of issue:2015-05-20 09:46
- Views:
Industry insiders say that the next few years will be a period of high-speed shocks in the valve industry. The direct consequence of this high-speed shocks is the expansion of polarization in the current brand camp of valve cabinets. It is expected that in the next few years, there will be absolutely not so many valve companies that can really survive in the market. But the high-speed shocks in the valve industry will bring huge opportunities, and the results of the shocks will make the market operation more rational.
The global valve market is mainly concentrated in countries and regions with more developed economy and industry. According to McIlvaine's survey and forecast data, China, the United States, Japan, Russia, India, Germany, Brazil, Saudi Arabia, South Korea and the United Kingdom are the 10 most important consumers of single valves in the world in 2014. Among them, the top three industrial valve markets in China, the United States and Japan are 8.847 billion US dollars, 8.815 billion US dollars and 2.668 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 recent years, the demand for valves in developing countries and the Middle East, represented by China, has increased rapidly, replacing the European Union and North America as new engines of global valve industry growth.
By 2015, the industrial valve markets of Brazil, Russia, India and China ("BRICS") will reach 1.789 billion US dollars, 2.767 billion US dollars, 2.860 billion US dollars and 10.938 billion US dollars respectively, totalling 18.354 billion US dollars, an increase of 23.35% over 2012, and the total market size will account for 30.45% of the global market size. As a traditional exporter of crude oil, Middle East countries are extending downstream to the oil and gas industry through new petroleum refining projects in recent years, which has generated a large number of valve products demand.
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 of valves, such as petroleum, natural gas, electricity, chemical industry, and thus stimulated the demand for valves.
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