Navi Mumbai, India (PressExposure) April 16, 2009 -- 2008 Report on China's Valve Market ( [http://www.bharatbook.com/Market-Research-Reports/Report-on-Chinas-Valve-Market.html] ) gives outlook of Valve Industry in China. China's valve market has achieved heady growth in recent years due to the favorable national policies and strong demand from downstream sectors. But the growth of the market slowed down in 2008 because of the global economic crisis in 2008, only up by 13.7% year-on-year, to a market size of RMB99.4bn. Strong demand has attracted large number of foreign and China's homegrown market players to the field. There had been 6,300 valve producers in China by the end of 2008, with 2,000 of them each being able to deliver RMB5m annually. But the industrial concentration was low, and the top 20 of the valve producers accounted for only 21.3% of the market. China's homegrown producers could only deal with mid- and low-end products due to the lack of high technology. Thus China mainly depends on import to satisfy its top-end demand. Being the indispensable devices for flow control, valves are extensively used in petroleum, chemical, power generation, pipelines, ship manufacturing, nuclear, low-temperature engineering, astronautic and ocean oil mining sectors. Petroleum and natural gas sector is the biggest consumer of valves, accounting for 37.4% of China's total consumption of valves, while energy industry 21.3%, chemical industry 11.5%, and water treatment 11.4%. There is still plenty of room for China's valve industry to grow, with major driving forces as follows: 1. Favorable National Policies Chinese government is promoting the manufacturing in the country with favorable policies. As a fundamental sector, valve manufacturing will obtain great support. 2. Strong Demand from Downstream Sectors Growing in a massive way, China's heavy industry will have increasingly stronger demand for valves. For example, with its medium- and large-scale coal-fired projects during China's 11th "Five-Year Plan" period (2006-2010), China's power industry will need 153,000 tons of valves altogether, or 30,600 tons every year. The total value of the demand would be RMB3.96bn, or RMB792m annually. 3. Large-Scale Projects Huge volume of valves are needed for China's West-to-East Gas Pipelines, West-to-East Power Lines, and South-to-North Water Transferring System and other large-scale projects under construction or plans. For vast range of market report you can visit: [http://www.bharatbook.com/search/Country_search_result.asp?pageno=1&selecttype=Title&searchon=China] Or Contact us at:
Outlook and Forecast for China's Valve Industry
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Press Release Submitted On: April 15, 2009 at 12:36 am
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