With the development of valves industry in China, varieties of valves are increased and valves application market is expanding. Valves are widely utilized in industries, including petroleum, oil refinery, nuclear power, thermal power, etc. Industries have higher requirements for the quality and technique of valves.

 

Petroleum: Sharp competition exists in petroleum which has higher requirement for check valve and butterfly valve. Valves will cooperate with petroleum to realize automation, improving valves industry and developing multifunctional, high efficiency, low consumption valves for petroleum. Annual output value of China's petroleum reaches to billions RMB, which means valves application market in is large in China. Consider the change in market and develop under the condition of stability.

 

Oil refinery: China's oil refinery has developed for 60 years, production capacity expanding rapidly. Promoted by a series of policies, output value and output of oil refinery increased sustainedly and structural adjustment advanced gradually in 2010, continuing keeping good developing. In 2010, output value of China's oil refinery reached to 2.4252 trillion RMB, increased by 38% over the previous year. For that, valves application market is large in oil refinery. 

 

Nuclear power: As infrastructure for nuclear power facility, valves account for 51% of capacity. China will continue its nuclear power development project. In 2015 and 2020, installed capacity of nuclear power will rise to 40GW and 75GW. China restarted approvals of new nuclear power project in the mid-term of 2012. So new valve products need to develop to meet the requirements of nuclear power.

 

Besides, both construction industry and other specific industries are all utilizing valves. Usage of valves is extensive. So valves application market has a bright future.