According to investigation and analysis, the total capacity of the world-wide control valve market in 2002 has reached nearly 3 billion U.S. dollars, and it is expected to reach 3.5 billion U.S. dollars by the end of 2007, with an average annual increase of 3%.
Although the current global control valve market is uncertain and has experienced recession, senior professional analysts pointed out that the long-term goal of the control valve is clear. Related developing markets have food processing, beverages, and disinfection products, especially chemicals that maintain high growth. Although the traditional market continues to erode, with the rise of global oil prices and the rise of refiners, the demand for control valves will continue to grow.
Although the current global control valve market is uncertain and has experienced recession, senior professional analysts pointed out that the long-term goal of the control valve is clear. Related developing markets have food processing, beverages, and disinfection products, especially chemicals that maintain high growth. Although the traditional market continues to erode, with the rise of global oil prices and the rise of refiners, the demand for control valves will continue to grow.
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