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Global valve industry market structure introduction
The global valve market is mainly concentrated in countries and regions with more developed economies and industries. According to McIlvaine's survey and forecast data, the world's most important 10 single-valve consumer countries in 2014 were China, the United States, Japan, Russia, India, Germany, Brazil, Saudi Arabia, South Korea and the United Kingdom. Among them, the top three China, the United States and Japan's industrial valve market size were 8.847 billion US dollars, 8.815 billion U.S. dollars and 2.668 billion U.S. dollars. From the perspective of the regional market, East Asia, North America and Western Europe are currently the world's largest regional valve market. In recent years, the demand for valves in developing countries and the Middle East, represented by China, has grown rapidly, and it has begun to replace the EU and North America as the growth of the global valve industry. New engine.
By 2015, the industrial valve market scale for Brazil, Russia, India, and China ("BRIC") will reach 1.879 billion U.S. dollars, 2.767 billion U.S. dollars, 2.86 billion U.S. dollars, and 10.938 billion U.S. dollars, respectively, totaling 18.354 billion U.S. dollars, compared with 2012. With an annual growth of 23.35%, the proportion of the total market scale to the global market will reach 30.45%. As a traditional crude oil exporter, the Middle East countries have also adopted new petroleum refining projects in recent years, extending to the downstream of the oil and gas industry and spawning a large number of valve products.
The rapid expansion of the valve market in developing countries is mainly due to the fact that the rapid economic growth in these countries has led to the development of downstream industries such as oil and gas, electricity, and chemical industries, and has stimulated the demand for related valves.
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