1. Energy industry
For a long time, the demand for valves in the energy industry has maintained a solid and stable growth rate. The total power generation of thermal power plants and nuclear power plants built around the world is 2679030MW, that of the United States is 743391MW, and that of new power plant projects in other countries is 780000MW, which will increase by 40% in the next few years. The energy market in Europe, South America, Asia and especially China will become a new growth point of the valve market.
2. Chemical industry
The chemical industry ranks first in the industry with an output value of more than 1.5 trillion dollars, which is also one of the larger demand markets for valves. The chemical industry needs more industrial valves with mature design, high processing quality and rare materials.
3. Oil and gas industry
In North America and some developed countries, there are many planned and expanded oil projects. In addition, people pay more and more attention to environmental protection, and the country has established environmental protection regulations, so the refineries established many years ago must be rebuilt. Therefore, in the next few years, the funds invested in oil development and refining will continue to grow. The construction of China's oil and gas long-distance pipelines and the construction of Russia's long-distance pipelines in the future will directly promote the growth of the valve market in the oil industry.
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