From January to May 2018, China imported 427.96 million sets of valves, up 2.5% from the same period last year. The import amount reached US $3 billion, up 27.3% from the same period last year, according to data released by the Chinese customs.
In the development of national economy, valves as a mechanical equipment manufacturing industry an important link has a very important role. As a sub-area of the manufacturing industry, the valve industry has been widely used in electric power, metallurgy, petrochemical, natural gas, environmental protection and other industries.
The global population continues to increase and the growing energy demand, resulting in a large number of valve products demand. As a developing country, China’s high-speed economic growth has greatly promoted the development of downstream industries such as oil and natural gas, and has gradually become a new engine for the development of valve industry.
In the natural gas sector, it is pointed out in the 13th Five-Year Plan for Natural Gas Development that during the 13th Five-Year Plan, 40,000 kilometers of new natural gas trunk and supporting pipelines will be built nationwide, and the total mileage will reach 104,000 kilometers by 2020. In the oil sector, according to the 13th Five-Year Plan for oil development, about 5,000 kilometers of crude oil pipelines and 12,000 kilometers of refined oil pipelines will be completed during the 13th Five-Year Plan, with a cumulative total of 32,000 kilometers of crude oil pipelines and 33,000 kilometers of refined oil pipelines by 2020. A large number of natural gas and oil pipeline construction, during the period will use a large number of valve products, will promote China’s valve industry to achieve greater development.
At present, China’s valve industry is in a very favorable development period. According to statistics, there are currently more than 3,000 valve manufacturing enterprises in China, ranking first in the world in number can produce gate valves, globe valves, throttle valves, ball valves, butterfly valves, diaphragm valves, plug valves, check valves, control valves and other types of valve products to meet the needs of different sectors of the industry.
However, China’s valve enterprises are mostly low-level, small-scale, family-style enterprises, there are low concentration ratio, backward technology, low product quality, the lack of influential brands. In the high-end valve market, China’s high-end Valve product development is still insufficient, the market is still dominated by internationally well-known enterprises, China’s valve enterprises in which the share is very low. This means that China’s valve industry has a huge market development potential.
With the development of science and technology, the level of valve technology and material technology are constantly improving, some domestic valve enterprises and research institutes are investing a lot of funds to develop high-end valve products. For example, a high-end valve developed by the China Aerospace Science and Technology corporation’s Liuyuan 11 won a series of bids for oil pipeline projects in Sinopec, CNOOC and local oil refining markets, beating out the world’s largest American plug valve manufacturer Break its monopoly in China’s oil pipeline market, to ensure the security of national energy supply. As a member of the valve manufacturer, COVNA has been developing, upgrading and obtaining more than 30 patents in recent years.
With the rapid development of China’s economy and the continuous increase of investment in oil, natural gas, petrochemical, environmental protection and electric power, the scale of China’s valve market will keep growing rapidly. According to the 2017-2021 Investment Analysis and forecast report of 2021 industry, the average annual compound growth rate of China’s valve industry in the next five years (2017-2021) is about 1.97%, and the output of 2021 valves will reach 8.86 million tons.
In today’s increasingly fierce competition in the valve industry, valve enterprises need to maintain a sense of crisis at all times, aim at market demand, strive to improve their technological innovation capabilities in the R & D of Valve Products, and move towards the middle and high end of the market In order to gain more opportunities in the huge market demand, we should improve the quality and technology of valve products and develop new high-end intelligent valve products.
Post time: Jul-28-2021