First, for industry structure analysis, the Electrochemical Workstation industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 53.53 % of the revenue market. Regionally, Europe is the biggest production value area of valves, also the leader in the whole Electrochemical Workstation industry.
Second, the production of Electrochemical Workstation increased from 9054 units in 2013 to 11194 units in 2017 with an average growth rate of 5.45%.
Third, China occupied 44.83% of the production market in 2017. It is followed by Europe and North America, which respectively account for around 25.76% and 14.70% of the global total industry. Other countries have a smaller amount of production. Geographically, China was the largest consumption market in the world, which took about 42.20% of the global consumption volume in 2017.
Fourth, for price trend analysis, a key variable in the performance of Electrochemical Workstation producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
Fifth, for forecast, the global Electrochemical Workstation revenue would keep increasing with annual growth rate with 3~5%. We tend to believe that this industry still has a good future, considering the current demand of Electrochemical Workstation.