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2024-11-29
Petrochemical equipment industry market size continues to grow
In recent years, with the continuous improvement of China's petroleum refining capacity and the rapid development of the petrochemical industry, the market size of the petrochemical equipment industry has also shown a trend of continuous growth.
In recent years, with the continuous improvement of China's petroleum refining capacity and the rapid development of the petrochemical industry, the market size of the petrochemical equipment industry has also shown a trend of continuous growth.According to China Research Industry Institute and China Business Industry Research Institute, the market size of China's petroleum refining and petrochemical equipment increased from 553.5 billion yuan in 2019 to 715.1 billion yuan in 2023, with a CAGR of about 6.61%.The market size is expected to reach 764.6 billion yuan in 2024, demonstrating that the petrochemical equipment market has huge demand and growth potential.
This growth trend is not only due to the overall enhancement of the domestic petrochemical industry, but is also inextricably linked to the recovery of the global economy and the increase in energy demand.Especially in emerging markets and developing countries, the demand for petrochemical equipment will increase significantly.The Chinese government has also issued a series of policies and regulations, such as the Announcement on the Implementation of the Guidance Catalog for Industrial Structure Adjustment (2019 Edition) and the Guiding Opinions on Promoting High-Quality Development of the Petrochemical and Chemical Industry in the 14th Five-Year Plan, which provide a favorable policy environment for the industry.
Technological innovation is an important driving force for the sustainable development of the petrochemical equipment industry.With the rapid development of science and technology, the petrochemical equipment industry will increase R&D investment in the fields of energy efficiency, intelligent control, environmental protection treatment technology, etc., to improve the performance, reliability and environmental protection of the equipment.For example, at the "China Petroleum and Petrochemical Equipment Management Technology Exchange Conference and Petroleum and Petrochemical Equipment Management Expert Seminar" held in July 2024, participating experts and enterprise representatives discussed in-depth the issues of lean equipment management, digital management, green and low-carbon operation and maintenance, and demonstrated the latest achievements of technological innovation in the industry.
The application of intelligent, automated, digital and other advanced technologies not only improves the performance and efficiency of equipment, but also reduces energy consumption and operating costs.In the future, with the continuous development of the Internet of Things, big data, artificial intelligence and other technologies, the petrochemical equipment industry will further develop in the direction of intelligence and networking, and realize the functions of remote monitoring, fault diagnosis and preventive maintenance of equipment.
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Tianjin Huafu Petrochemical Equipment Engineering Co., Ltd.
Telephone:022-59925300 / 13502147744
E-mail: huafush@huafush.com
Address:No. 81, Angang 3rd Road, Dagang, Binhai New Area, Tianjin
