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China valve manufacturing market will exceed 18 billion US dollars by 2026

Views: 3     Author: Site Editor     Publish Time: 2022-09-19      Origin: Site

Inline check valve classification

Valves are the basic components of the pipeline system and occupy a very important position in the machinery industry. They are widely used in a wide range of applications. They are a must in the transportation of fluids, liquids and gases. important mechanical parts in the field.

According to the different functions of the valve, it can usually be divided into block valve, regulating valve, check valve, safety valve, diverter valve, etc. Among them, there are many block valves, including gate valves, globe valves, diaphragm valves, and plug valves. Wait. In addition, the valve can also be divided into vacuum valve, low pressure valve, medium pressure valve, high pressure valve, ultra-high pressure valve and so on according to the pressure.

Pneumatic globe valve development status and prospect
valve positioners company -Hiltech

As an important link in the machinery and equipment manufacturing industry, valves play a very important role in the development of the national economy. In recent years, with the rapid development of my country's economy and the improvement of the degree of industrial automation, the transformation and upgrading of my country's equipment manufacturing industry, and the continuous growth of the state's investment in oil and gas, petrochemical, environmental protection, electric power, metallurgy and other fields, my country's valve industry has also has developed rapidly.

At present, there are thousands of valve manufacturers in China, which can produce various types and specifications of valve products such as gate valves, globe valves, throttle valves, ball valves, butterfly valves, diaphragm valves, plug valves, check valves, control valves, etc., which can meet the needs of different fields. industry needs.

Benefiting from the continuous increase of the national dividend policy and the continuous innovation and breakthrough of valve technology, the entire domestic valve industry presents a thriving development scene. According to GIA's forecast data, from 2021 to 2026, the compound annual growth rate of my country's valve manufacturing industry will be 6.2%.

Faced with the thriving development scene, many industry experts expressed worry that the development of my country's valve industry is not optimistic. According to the statistics of the Valve Branch of China General Machinery Industry Association, the demand for China's valve market in 2019 exceeded 30 billion US dollars, accounting for more than 20% of the world's total. However, the domestic high-end valve market still needs to rely on imports. Even the domestic head valve company has a market share of less than 2%.

Limited by the overall development level of the industry, there is still a big gap between domestic high-end valve products and imported products from well-known brands. In many key fields and complex working conditions, products from well-known brands imported from abroad are still used. . In addition, in terms of brand awareness, product quality level, technical level, etc., foreign enterprises occupy more obvious active advantages and positions than domestic enterprises.

With the global industrial manufacturing industry following the trend of intelligence, the valve manufacturing industry is also developing in the direction of higher intelligence and automation. Moreover, with the transformation of the diversification of the energy structure, the investment in renewable power, hydrogen energy and other new energy industries is also growing rapidly, and valve products are correspondingly given more development expectations.

At present, China's valve manufacturing industry is in a transition period. On the one hand, with the promotion of the fourth industrial revolution with artificial intelligence and other emerging technologies as the core technology, it is transforming to the direction of intelligence; on the other hand, with the development of my country's research and development capabilities With the continuous improvement of China's valve manufacturing industry, my country's valve manufacturing industry is gradually "struggling" high-end valves.

As China's economy continues to run smoothly and the degree of industrialization is getting higher and higher, the demand for high-performance valves is also increasing. In the past, due to insufficient production technology of Chinese valves, China relied more on imported foreign products in terms of high-performance valves. In the future, with the enhancement of research and development capabilities of Chinese industrial valve enterprises and the advancement of technology, the localization rate of high-performance valve products in China will increase.