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According to reports, China's industrial gas industry entered a period of rapid development after 2000. The output value of industrial gases in China in 2005 was about 36 billion yuan, accounting for 8% of the world market, and this figure was only 2.7% in 2003. From 2003 to 2005, the annual output value of China's gas industry increased by 65%, while the global average annual growth rate was 12%. At present, domestic self-produced gas accounts for 53% of the Chinese market supply. Some domestic companies already have a high level of financing, project management, and modern business philosophy. They can compete with international gas companies in large- and medium-sized projects. However, more domestic companies still stay at a relatively backward level, with small scale, no guarantee of safety, low technical input, and unprofessional operation. Such companies are fragile and can easily be eliminated by fierce market competition or closed down due to security incidents.
It is estimated that by 2016, the industrial gas output value of China will reach 100 billion yuan, and the development rate will be around 10% annually. Relevant experts reminded domestic industrial gas and related equipment manufacturers to avoid three errors. The first is to follow suit. Follow-up investment will lead to a drop in product prices and profits, and a low return on investment. The second is the unclear market positioning, there is no clear customer orientation. Industrial gas users vary from industry to industry and require different products and services. The third is heavy production, light sales. The sale of industrial gases is a specialty sale of special technology and must be valued. The fourth is to regard safe production input as the operating cost that can be saved. The occurrence of security accidents is not only the biggest obstacle to the development of enterprises, but also has a negative impact on the entire industry.
China's industrial gas output will reach 100 billion
At the 2006 China Industrial Gas Forum held on the 13th, participating experts stated that by 2016, China's industrial gas output value will reach 100 billion yuan.