Valves account for a large proportion of mechanical products, especially in the fields of pharmaceutical, electric power, petrochemical, metallurgy, etc., valves play a key role.
According to statistics, in 2017, the global valve market is estimated to be 52,923.54 million US dollars. By 2025, the global valve market is expected to reach 69,982.43 million US dollars, with an average annual growth rate of 3.55%.
In addition, it is predicted that in 2019, China's valve production will reach 8.3 million tons. In this regard, the industry believes that valve companies will usher in more and more business opportunities.
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