Products made in China are widely used in many aspects of the life. Among so many products, valve is one of the competitive products.
China mainly valve product range: automatic recirculation valve, gate valve, control
valve, safety valve, plug valve, diaphragm valve, butterfly valve, globe valve,
check valve.
Including Europe, North America, and the major economies are affected,
global GDP growth rate dropped from 5.15% in 2007 to 3.2% because of the
financial crisis. The rapid cooling of the global economy, began in earnest in
the United States rapidly sweeping the globe investment in fixed assets of the
valve downstream industry had a certain negative impact, oil and gas, power,
chemical and other industries have emerged to postpone the implementation of
the phenomenon of fixed assets investment projects, the sound development of
steady growth in the valve industry the momentum had a negative impact.
Since 2000, the global economy steadily recovering since the trough,
according to IMF statistics, in 2001-2007 the average annual global GDP growth
of 4.04 percent average annual global investment in fixed assets grew by 3.72
percent. According to the European industry forecasting firm global valve market :2008-2013, “Statistics,
finished valve sales revenue in the global economic up-cycle in 2002 and 2007
the compound annual growth rate of 5.60%, to maintain steady growth development
trend.
Valve industry since 2010, began to recover, according to a the survey and
forecast data, 2010 and 2011, global valve industry revenues were $
49,230,000,000 and $ 51,066,000,000, the growth rate back to 3.78% and 3.73%
2012 -2015 global valve industry expected sales growth will reach to 4.16% and
3.93%, 3.94% and 4.18%, showing a steady upward growth.
The medium to long term, the main factors affecting the valve industry,
the expansion of downstream industries, including the growing energy demand,
the continued increase in global population and urbanization in developing
countries, the process of industrialization and did not change the result of
the financial crisis. The world’s major economies have entered the economic
recovery cycle.
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