A report shows that to meet the requirement of energy in, China needs to invest 37 trillion USD to energy industry from 2012 to 2035, annual investment amount accounting for 1.5% of global GDP. For structure, investment for electricity reaches to 17 trillions USD. For area, more than half of investment in energy comes from developing countries.

 

Massive energy investment will increase demand for industrial valves. Otherwise, as new energy, nuclear industry also requires large number of industrial valves. Currently, China's electricity consumption is next to the U.S., having become the second largest electricity consumption states in the world. In 2012, total electricity consumption was 4.96 trillion kilowatt-hour. The gradual development of China economy and acceleration of industrialization and urbanization will increase electricity consumption. According to estimation from KPMG in 2010, in the next 20 years, the investment in China electricity will reach to 2.77 trillion USD, accounting for 1/4 of global energy investment over the same period. International Energy Agency predicts that China electricity investment will account for 23% of global electricity investment from 2005 to 2030.

 

China nuclear industry will accelerate localization of equipments. For that, nuclear industry will requires large numbers of industrial valves.