My Country's Valve Industry Will Continue To Grow Steadily In The Future

From 2012 to 2035, to meet the expected energy demand, the required capital investment will total 37 trillion US dollars, and the average annual investment is expected to account for 1.5% of the global GDP. From a structural point of view, the investment in the power industry has reached 17 trillion US dollars. From a regional point of view, more than half of the global energy investment demand comes from developing countries.

A large amount of energy investment at home and abroad will drive a significant increase in industrial Lined Valve demand in the energy and power sector. As a new energy development direction, the nuclear power sector will also generate a large demand for industrial valves.

China's current electricity consumption is second only to the United States, making it the world's second largest electricity consumer, with a total electricity consumption of 4.96 trillion kWh in 2012. The continuous improvement of China's economic level and the acceleration of industrialization and urbanization will drive the increase in domestic electricity consumption. According to KPMG's forecast in 2010, the investment required in China's power industry in the next 20 years will be as high as 2.77 trillion US dollars, equivalent to 1/4 of the total investment in the global energy industry during the same period. The International Energy Agency predicts that China's power investment will account for 23% of the world's total investment from 2005 to 2030.
Forecast: In the future, under the premise of strengthening nuclear safety supervision, the direction of rapid development of my country's nuclear power industry and localization of nuclear power equipment will not change, and the domestic demand for nuclear power valves will continue to grow steadily.