After years of development, the number of valve companies in China ranks first in the world, with more than 6,000 valve companies of various sizes. As a component for fluid transportation, valves have developed very rapidly in recent years with the growth of the national economy.
From January to November 2007, China's valve and cock manufacturing industry achieved a cumulative total industrial output value of 84,288,398 yuan, an increase of 31.47% over the same period last year; a cumulative product sales revenue of 80,571 yuan , 055,000 yuan, an increase of 29.36 over the same period of the previous year; the total cumulative profit achieved was 5,772,097 thousand yuan, an increase of 44.16 over the same period of the previous year.
From January to August 2008, China's valve and cock manufacturing industry achieved a cumulative total industrial output value of 73,321,603,000 yuan, an increase of 27.02 over the same period last year; a cumulative product sales revenue of 70, 451,147,000 yuan, an increase of 27.27% over the same period last year; the total cumulative profit achieved was 4,470,009,000 yuan, an increase of 15.37% over the same period last year.
In the "Eleventh Five-Year Plan" and the next few years, China's petrochemical, natural gas, metallurgical industries, electric power, urban construction and other industries will have a large demand for valves. It is expected that during the "Eleventh Five-Year Plan" period, China's The total demand for valves will reach 34.5 billion yuan. Therefore, the valve industry has huge market development space.