News
23
2022
-
05
The development prospects of the instrumentation valve industry
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Instrument valves are a type of pipeline accessory that are now widely used to control the flow of fluids such as water, oil, and gas, attracting significant attention from market users. So what is the development trend of the instrument valve industry, and what is the market outlook for instrument valves?
After years of development, China has the largest number of valve companies in the world, with approximately 6,000 various sizes of valve enterprises. As a component for fluid transportation, the valve industry has developed rapidly in recent years alongside the growth of the national economy.
From January to November 2007, China's manufacturing industry for valves and cocks achieved a cumulative industrial output value of 84,288,398 thousand yuan, an increase of 31.47% compared to the same period last year; achieved a cumulative product sales revenue of 80,571,055 thousand yuan, an increase of 29.36% compared to the same period last year; and achieved a cumulative total profit of 5,772,097 thousand yuan, an increase of 44.16% compared to the same period last year.
From January to August 2008, China's manufacturing industry for valves and cocks achieved a cumulative industrial output value of 73,321,603,000 yuan, an increase of 27.02% compared to the same period last year; achieved a cumulative product sales revenue of 70,451,147,000 yuan, an increase of 27.27% compared to the same period last year; and achieved a cumulative total profit of 4,470,009,000 yuan, an increase of 15.37% compared to the same period last year.
During the 11th Five-Year Plan and in the coming years, there will be a large demand for valves in various industries such as petrochemicals, natural gas, metallurgy, electricity, and urban construction in China. It is estimated that during the 11th Five-Year Plan period, the total demand for valves in China will reach 34.5 billion yuan, indicating that the valve industry has enormous market development potential. Therefore, the market outlook for instrument valves is very promising.
China Valve,Plug valve
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