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Analysis of the development environment of China's valve industry in the next five years

2019-10-31
Unfavorable factors in the development of Chinese valve industry in the next five
 
1. The overall market concentration of the industry is low. The overall size of domestic valve companies is small, and even the leading industry-leading companies mostly do not land in the capital market, lacking long-term financial support to achieve industry integration.
 
2. Most of China's valve enterprises are still in the low-end market of the industry. These valve enterprises have low technical content and low barriers to entry. They are flooded with large-scale family-type and workshop-style small valve manufacturers. Some operators purchase unnamed factories. The valve, printing the famous brand and certificate of well-known manufacturers, the market competition is fierce but disordered, and the profit level is low. At present, more than 90% of domestic valve export enterprises belong to parts manufacturers or OEMs. Among them, quite a few enterprises are in the field of low-end industrial valves and civil valves.
 
3. The gap between domestic and foreign is obvious. Limited by the overall development level of the industry, there are still many gaps between domestic control valve products and well-known brand imported products, mainly in terms of sealing, design, service life, electric device and pneumatic device technology.
 
Advantages of China's valve industry development in the next five years
 
 1. The nuclear power “13th Five-Year Plan” drives the market demand for nuclear power valves. As a recognized clean energy source, nuclear power has been promoted with the development of nuclear power technology, and its safety and economy have been gradually promoted. Nuclear power valves are the most used equipment in nuclear power projects. With the rapid development of the industry, the demand for nuclear power valves will continue to expand.
 
2, petrochemical special valves, ultra-low temperature valves and other products have broad market demand
 
China's petroleum and petrochemical industry is developing towards large-scale and large-scale development, and will continue to maintain sustainable development in the next five years. China's dozens of 10 million-ton refinery units and millions of tons of ethylene plants are facing new construction and expansion. The petrochemical industry is facing transformation and upgrading, such as hydrogenation and upgrading, three waste recycling and other energy conservation and environmental protection projects, becoming a new market space for petrochemical valves, flanges and forgings.