In 2018, the domestic industrial valve market was 12 billion US dollars, accounting for 19.5% of the global total. According to the development speed and investment strength of various domestic industries, the proportion of the domestic industrial valve market in the global market is steadily increasing, the global industrial valve market in 2019 will reach about 64 billion US dollars, and China’s share will reach 20%-21% , the domestic market in 2019 was estimated at $12.8-$13.5 billion.
As of May 2019, China’s “valve and cock manufacturing” industry-scale number of more than 1,803 enterprises, 2018 revenue of 199.722 billion yuan. At present, domestic valve industry shows the pattern of low-end industrial valve excess capacity, middle-end Valve market full competition, high-end and special valve market monopoly of foreign enterprises.
China’s low-end Industrial and civil valve market for the main products for iron valves and copper valves. Facing this market, the valve product demand is big, the technical content is low, the threshold is not high, the market competition degree is highest, the profit level is low.
The main products in the medium-end industrial valve market are industrial valves with a more permissive environment, usually carbon steel or stainless steel valves. Facing this market, the valve products are in great demand and need to meet the quality requirements of industrial grade. The valve product technology content is high, and the terminal customer generally sets the qualified supplier qualification, therefore has certain profession to enter the barrier. The middle market competition level is lower than the low-end industrial and civil valve market, the profit level is higher. Some large enterprises in China’s valve industry, due to entering the international market earlier, are more mature in production technology and production process, and have established more stable cooperative relations with many international customers, has been in the middle of the valve market occupies a more important position.
The main products of the high-end industrial valve market are the high-end industrial valves with very harsh application environments (such as ultra-high temperature, ultra-low temperature, ultra-high pressure, vacuum, nuclear and other extreme environments), most of which are made of special materials. Valve products for these markets, strict quality requirements, high technology content, the market for monopolistic competition situation, high profit level, the market is dominated by Europe, the United States, Japan’s international well-known enterprises.
Post time: Nov-25-2021