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Global Control Valve Market Review and Outlook

Release Time:

2018-12-05 10:30

In July 2008, ARC Consulting Group senior analyst Mr. David Clayton (David Clayton) in the "Control Valve Worldwide Outlook" article: based on the rapid growth of the global control valve market in 2006, 2007 two years, forecast the next five years, the global control valve market will maintain a 6% compound annual growth rate. Control valve market will maintain a compound annual growth rate of 6%, based on 2007 global control valve market sales of $4.8 billion, by 2012, the global control valve market is expected to exceed $6.4 billion (Figure below).

The global control valve market is expected to grow graphically

Unfortunately, in the first quarter of 2008, such as China, India and the Middle East, the oil and gas industry-based markets have high demand for control valves, but control valve suppliers in the North American and European markets began to slow revenue growth.

In 2008, Mr. Clayton pointed out that: the current global control valve market despite strong growth opportunities, although the challenges remain. In many ways, control valve suppliers are facing the same opportunities and challenges as before. Strong regional market growth provides an opportunity for control valve suppliers to expand their business, but at the same time, how to establish a global supply and logistics system, how to develop new products and what new products to develop, are control valve suppliers need to face and overcome the difficulties. Such as many new petrochemical projects require large control valves can withstand extreme temperature conditions and can provide tight shut-off function; and in deep-sea oil operations, the need for high-pressure control valves, can provide effective opening thrust or have sufficient torque.

In addition, with the increasing degree of automation of modern production processes, process parameters have become an important indicator to determine the efficiency of the production process, working conditions and economic performance, control valves in continuous and discrete control, energy metering, trade settlement and storage and transportation systems are becoming increasingly prominent. The precise control of control valves, multi-functional, intelligent requirements are increasingly high.

One of the highlights of the development of the automation industry in 2007 is the rise of wireless communication in industrial automation plant applications, wireless communication technology remote, mobile, anywhere, anytime control advantages make the original line control dwarfed. Therefore, control valve suppliers on the one hand actively develop DTMs (DigitalTV Monitor System) in order to work with FDT (Formal Description Technique) based PAM (Pulse Amplitude Modulation) solutions designed on the basis of data embedded in diverse intelligent On the other hand, control valve suppliers are considering a strong development of wireless HART (Highway Addressable Remote Transducer) products.

The control valve market continued to grow in 2008 due to strong growth in the control valve market and the efforts of control valve suppliers to stretch their manufacturing capabilities to meet customer needs. In stark contrast to 2008, control valve suppliers declined sharply in 2009 due to the financial crisis, which reduced control valve orders. In the third quarter of 2009, Mr. Clayton remains optimistic that the global control valve market is expected to rebound in 2011.

The dynamics of the global control valve market have changed dramatically due to the current global economic downturn. Over the past four years, companies that have been more aggressive and pursued new business have grown faster, and they have benefited from the rapid growth of the market. Despite the recession, many control valve suppliers once again find themselves in a market full of opportunity and less competition. Therefore, it is important for control valve suppliers to be able to go out and gain new business as a way to expand, while retaining their existing user base will be more important than ever.

In previous years, the explosive growth of the control valve market has led to a sharp increase in orders in the hands of control valve suppliers to increase production to respond to market demand, while in 2009 the recession, the decline in shipments, control valve suppliers have a large backlog of inventory. Leading control valve suppliers will maintain healthy inventory levels and absorb excess inventory as soon as possible as control valve sales and aftermarket orders grow. However, due to the inherent complexity of the sales chain and the long lead time of ordering, these backlogs are difficult to digest in a short period of time.

In the face of the world economic recession, Mr. Clayton stressed: oil and related industrial markets are still the growth point of control valves; developing economies are still the engine of growth in the global control valve market. Such as China, India and Brazil level is also affected by the global economic crisis, but compared to other countries, its economic growth rate is still very high, still maintain the level of economic growth in 2008. Developing economies are still the main growth drivers of the global control valve market. Emerging economies such as the BRIC countries (Brazil, Russia, India and China), as well as the Middle East and Eastern Europe, will continue to support the growing control valve market.

The global control valve market needs to find demand from growing global consumption, which relies on a healthy capital investment and credit environment, robust market returns and intensive production needs. Only then will control valve suppliers be able to cope with the rapidly growing energy demand and consumption needs of the control valve market across the globe that is coming in the future.

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Talking about localization of control valves

Nationalization is a trend, and there are some localization requirements in some projects. What are your experiences or views on control valve localization?   There are actually more localization requirements involved in our work. We require designers to treat imported products and domestic products equally, unless for some special control valve products can not be manufactured in the country recommended the use of foreign brands, generally or domestic brand control valves.   For special control valve products, generally in the engineering design, in order to produce a smooth start and operation of the device, the design will generally follow the views of the patent holder to choose a similar device in the use of performance, and in similar devices on the application of good valve products.   About localization, now many direct users of the plant, taking into account the convenience of imported valve repair and maintenance, as well as cost factors, will choose some domestic manufacturers to provide inspection and maintenance services for imported valves, but also when the device used in the import control valve problems, in order not to affect production, in the rework waiting process, the use of domestic brand products as an emergency, once the product can cope with this working condition, the use of good Thus also test the reliability of the product, for the future in the same working conditions of the national brand valve application has laid the foundation. Now there are many enterprises that used to do valve maintenance, have accumulated experience in the practical application, the development of the valve production enterprises, to make a contribution to the localization of valves.   For domestic valve manufacturers, how to win the trust of the owners is crucial. We now have many projects, are private entrepreneurs to invest in the construction of its cost control requirements are relatively high, the use of localized products in the project also accounts for most.   Now many large state-owned enterprises construction projects, have the requirement of localization rate, which also creates a good environment for domestic products to replace imported brands, therefore, domestic enterprises as long as the strengthening of product quality standards requirements, strengthen the internal management of enterprises, continuous technological innovation, to provide good pre-sales and after-sales service, will be able to obtain the trust of the owners, so that the good development of enterprises.