The production cost of electric ball valve is conducive to the market development status. In the domestic electric ball valve manufacturing industry, the situation of oversupply is not conducive to market development. Because from the overall demand of countries, the current demand of the electric ball valve industry is not as large as that produced. Secondly, with the soaring price of materials and the rising cost of labor, the production cost of electric ball valves is also rising. At the same time, the heavy compliance of industry tax is also the reason why the electric ball valve market is not developing fast. Then, the bad competition among enterprises is also increasing year by year, because the competition makes the quality of the electric ball valve more or less decline. In addition, the quality of the electric ball valve is more than before, and more electric ball valves can only be regarded as basically qualified. For the above reasons, the number of enterprises losing money is also increasing year by year. Later, there was a shortage of high-level talents in the market. Although the current market situation is not optimistic, there is still a turnaround.
Since the beginning of the global financial crisis, according to the fact that enterprises in the global electric ball valve industry are higher than ordinary enterprises, China Management Association has revised the relevant assessment rules. The evaluation standard is improved. At the same time, China Management Association also released 133 enterprises with relatively high status in the electric ball valve industry to attract medium-sized enterprises to follow suit. In recent years, the electric ball valve industry has a good momentum of development, with the average annual production and sales growth rate higher than the average level, and has also driven the coordinated development of upstream and downstream logistics supporting industries in Henan.
As the main raw materials for the production of power transmission joints, the prices of polyethylene and various additives have also been driven up significantly, which is actually very beneficial to the development of Zhengzhou electric ball valve industry in Henan Province. The small increase in the purchase price of these raw materials has promoted the production of electric ball valves and driven the profit growth of upstream suppliers, It has also played a leading role in the growth of logistics related supporting economy in Zhengzhou, Henan Province. Looking forward to the development of Henan Zhengzhou electric ball valve industry, it is not difficult to find that the increase in the sales volume of electric ball valves, to some extent, indicates that the development of the logistics industry in Zhengzhou, Henan is in good condition. In turn, the growth of the logistics industry will increase the demand for electric ball valve products, forming a positive interaction between industries, This is also the good result expected by Henan Zhengzhou electric ball valve manufacturers and suppliers.