subject: 2008 Report On China's Valve Market ----aarkstore Enterprise [print this page] 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.
Figure 1: Sales Revenue of Valve in China, 2000-2008
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%.
