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China valve industry sees 14.6% jump
From January to May 2012, China’s output of valves hit 2.629 million tons, up 14.6% year-on-year, according to the new industry report China Valve Industry, 2011-2012, published by Research in China.
The report finds in 2012, amid the severe economic downturn in China, “steady growth” has once again become the focus of national policy, and fixed asset investments in such sectors as steel, water conservancy and hydropower, and railway have gradually resumed. The valve output in China is estimated to maintain stable growth in 2012 fueled by the investment.
This report highlights the output, regional distribution, import & export, and competition pattern of Chinese valve industry. It also analyzes the status quo and competitive landscape of market segments like metallurgy valve, nuclear power valve, air conditioning valve, and petrochemical valve, and predicts the market scale of these segments. Additionally, the report studies the operation of eight foreign valve corporations and 22 Chinese counterparts.
The technical reformation carried out in China’s steel industry poses higher requirements on the technology process of metallurgy valves. In addition, following the safety inspection of nuclear power generating units, China will restart the nuclear power project approval in 2012, when the nuclear valve market will begin to recover. In the air conditioning valve field, the market share of inverter air-conditioners is forecast to rise rapidly, which will bring about robust demand for its core component— electronic expansion valve.