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I. Global Valve Market
As competition in the global valve market becomes more intense, many world-renowned valve manufacturers have closed their plants in North America, Europe, and Japan and moved to China, India, South Korea, and Central Europe to reduce valve manufacturing costs and increase sales profits. . With the increase of China's development and utilization of oil and natural gas, the Chinese valve market has grown significantly, which makes most valve manufacturers attach more importance to building factories in China. As a result, there has been a surge of foreign valve companies building factories in China, and some companies even have multiple factories in China to shorten the transportation distance and delivery time.
In 2004, the American Valve Association announced that the domestic valve market in the United States reached 3.18 billion US dollars; according to the China General Machinery Association, the Chinese valve market exceeded 20 billion yuan. By 2010, China's domestic valve demand will reach 34.5 billion yuan. The sales of various valves in the global market are about 40 billion US dollars. There are more than 2,000 valve manufacturers in China, plus more than 1,400 valve manufacturers in other developed and developing countries, occupying 80% of the global market; more than 10 valve joint companies occupy 20% of the global market Share.
There are many types of valves and their uses are very wide. The oil and gas industry has always been the largest buyer in the valve market. Figure 1 shows the usage of the valve in various fields. From Figure 2, we can see that the petroleum (including refining) and natural gas fields use the most, accounting for 37.4% of the total; the energy sector uses 21.3% of the valve; the third place is the chemical industry, 11.5%; then In the field of water treatment and sewage treatment, 11.4%. The valve market is affected by the oil and gas industry.

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