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Demand in the pharmaceutical industry increases, and the pressure equipment industry will maintain steady growth

 Last Update: 2022-02-22
 Source: Internet
 Author: User

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[ Market Analysis of Chemical Machinery Equipment Network ] Recently, Morison International, a Chinese pressure equipment manufacturer and comprehensive pressure equipment solution provider, passed the listing hearing on the main board of the Hong Kong Stock Exchange and was officially listed
.
It mainly provides customers with traditional pressure equipment, modular pressure equipment and value-added services related to pressure equipment
.
It is reported that the four industries of chemical industry, pharmaceuticals, mining metallurgy, and daily chemicals contribute more than 80% of the company's total revenue
.
In recent years, the increased demand, especially in the chemical and pharmaceutical industries, has led to an increase in the company's revenue and a steady growth in the company's continuing operations
.

Chemical Machinery Equipment Network Market Analysis Chemical Machinery Equipment

Pressure vessel is a very important pressure equipment, which is widely used in chemical, pharmaceutical, steel, petroleum, food and other industries
.
It is understood that pressure equipment generally uses pressure vessels as the main equipment, usually including a single large pressure vessel and modular equipment
.
Since pressure equipment is an intermediate link in industrial manufacturing, the level of downstream demand will directly affect the development of the pressure equipment industry
.

pressure vessel

The increased demand in the pharmaceutical industry drives the steady growth of the pressure equipment industry

In the pharmaceutical production process, the rational use of pressure vessels can improve the efficiency of product production
.
In recent years, with the accelerated transformation of the pharmaceutical industry, pharmaceutical companies are facing challenges in production capacity, and the demand for pressure equipment continues to grow
.

Data show that the sales revenue of China's pharmaceutical industry has increased from 350.
3 billion yuan in 2014 to 856.
4 billion yuan in 2019, with a compound annual growth rate of 19.
6%
.
During these six years, the market scale of China's pressure equipment industry has also continued to expand
.

　　According to the Frost & Sullivan Report, from 2014 to 2019, the sales revenue of pressure equipment manufacturers and comprehensive pressure equipment solution suppliers in China increased from 12.
42 billion yuan in 2014 to 18.
52 billion yuan in 2019, with a compound annual growth rate during the period.
The rate is about 8.
3%
.

　　With the support of a series of favorable policies for the innovation and development of the pharmaceutical industry, the demand for pressure equipment by pharmaceutical companies will continue to expand, coupled with the continuous improvement of the strength of domestic pressure equipment, the speed of import substitution will accelerate
.
The industry expects that the sales revenue of China's pressure equipment manufacturers and comprehensive pressure equipment solution suppliers will grow steadily in the future.
By 2024, the industry sales revenue will exceed 300 billion yuan, and the compound annual growth rate from 2019 to 2024 will be about 10.
9%
.

　　Modularization will become one of the development trends in the pressure equipment industry

　　The current pressure equipment market includes traditional pressure equipment and modular pressure equipment.
Traditional pressure equipment refers to industrial production to complete the production process of reaction, mass transfer, heat transfer, separation and storage, and can withstand pressure loads (internal and external forces).
), while modular pressure equipment is an integrated system that integrates pressure vessels and other equipment into a module
.

　　From the perspective of the market structure, traditional pressure equipment still occupies the main market share, and modular pressure equipment accounts for less
.
However, in terms of growth rate, the compound annual growth rate of traditional pressure equipment from 2019 to 2024 is about 4.
2%, while that of modular pressure equipment will reach 21.
8%
.
With the increasing demand for high-end pressure equipment in the pharmaceutical and other industries, as well as the advancement of automation and intelligent technology, the modular pressure equipment industry will usher in rapid development in the future
.
Therefore, modularization is expected to become one of the future development directions of the pressure equipment industry
.

　　In addition, industrial chain integration and industrial integration, innovative applications in emerging downstream industries, technological progress in traditional pressure equipment industry, and high efficiency and energy saving are also considered by the industry as several major development trends in the pressure equipment industry
.
Among them, in terms of innovative applications in emerging downstream industries, for example, in the biopharmaceutical industry, the development of China's biopharmaceutical industry in recent years has driven the growth of demand for biopharmaceutical equipment , and global pharmaceutical giants are optimistic about the Chinese market and begin to shift production from their countries to China The mainland has also brought more opportunities for China's biopharmaceutical equipment manufacturers
.
But at present, there is still a significant gap between China's biopharmaceutical competitiveness and developed countries, and most high-end biopharmaceutical equipment also relies on imported products
.
Therefore, the industry believes that the production of high-end biopharmaceutical equipment will be the direction that domestic pharmaceutical machine companies need to work hard and gain competitive advantage
.

Pharmaceutical equipment

　　Original title: Demand in the pharmaceutical industry increases, and the pressure equipment industry will maintain steady growth

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