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China Valve Industry Analysis-3
- Oct 15, 2018 -

China valve industry analysis


III, the market space

In December 2016, the National Development and Reform Commission and the National Energy Administration jointly issued the “13th Five-Year Plan for Energy Development” as a specific guidance document for the implementation of the plan. The National Development and Reform Commission also issued the “Thirteenth Five-Year Plan for Petroleum Development” in January 2017. The Plan and the 13th Five-Year Plan for Natural Gas Development put forward specific targets for the construction of long-distance oil and gas pipelines in China in the next five years. By 2020, the total mileage of China's crude oil and refined oil pipelines will reach 32,000 and 33,000 kilometers respectively, and the total mileage of natural gas pipelines will reach 100,000 kilometers. According to the "Plan", by the end of 2020, the total mileage of China's oil and gas long-distance pipeline will reach 169,000 kilometers, 1.56 times that of 2015.

Valve World's statistics show that oil and gas, energy, electricity and chemicals account for 37.4%, 21.3% and 11.5% of the global downstream applications of industrial valves, respectively. During the 13th Five-Year Plan period, China’s investment in these three areas totaled 150 million yuan, which will bring about an industrial valve demand of about 45 billion yuan.

From 2014 to 2016, due to the impact of oil prices, the investment in oil and gas pipeline construction has suddenly decreased, and the construction of domestic long-distance oil and gas pipelines has been almost stagnant. According to the calculation of the investment to the pipeline construction after 12 months lag, after the investment in 2017 is warmed up, the peak period of oil and gas pipeline construction will appear in 2018 and 2019.