Global valve market analysis developing countries will become the new engine of the industry

The 2015-2020 China Valve Market Supply, Demand and Investment Assessment Report released by Industry Information Network shows that the global valve market is mainly concentrated in the more economically and industrially developed countries and regions. According to McIlvaine's survey and forecast data, in 2012 the world's 10 most important single valve consumer countries in order of 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 of $ 8.847 billion, $ 8.815 billion and $ 2.668 billion. From the regional market point of view, East Asia, North America and Western Europe is currently the world's largest regional valve market, the 2012 industrial valve market size of $ 15.893 billion, $ 11.167 billion and $ 8.458 billion respectively.

　　In recent years, China as the representative of the developing countries and the Middle East, the rapid growth in demand for valves, began to replace the European Union and North America as the new engine of growth of the global valve industry. According to McIlvaine's forecast data, by 2015, Brazil, Russia, India and China ("BRIC") industrial valve market size will reach 1.789 billion U.S. dollars, 2.767 billion U.S. dollars, 2.860 billion U.S. dollars and 10.938 billion U.S. dollars, totalling 18.354 billion U.S. dollars, up from 2012. billion, an increase of 23.35% over 2012, the total market size of the global market size will reach 30.45%. Middle East countries as a traditional crude oil exporter, in recent years, also through the new oil refining projects, downstream extension to the oil and gas industry, giving rise to a large number of valve product demand.

　　The main reason for the rapid expansion of the valve market in developing countries is that the rapid growth of the total economic output of these countries has led to the development of oil and gas, electricity, chemical and other downstream valve industries, which in turn stimulates the demand for related valves. According to the International Monetary Fund's forecast, in 2013 and 2014, Brazil, Russia, India and China and other emerging economies, the average economic growth rate will reach 5.0% and 5.4%; during the same period, the United States, Japan, Germany and other developed economies, the average economic growth rate of only 1.2% and 2.1% respectively. Compared with China as the representative of developing countries, North America and the European Union as the traditional market for valve products, although still occupies a large market share of the global valve market, but the growth rate is much lower than that of developing countries.