The Expansion Of Market Demand Leads Valve Products Into An Innovation Period

In recent years, China's Lined Valve industry has entered a period of rapid development, with great progress in product research and development, performance, quality, reliability, and service. The valve industry is also developing in the direction of high automation, intelligence, multi-function, high efficiency, and low consumption, and has become a must-have in the production process of many industries. Market demand drives the development of the valve industry As domestic policies and economic conditions improve, favorable development conditions have been provided for the valve industry, and its room for growth is also very huge. At present, the equipment of various domestic petrochemical enterprises is facing a large replacement cycle and the amount of new facilities is large, which has a huge demand for the valve industry. It is expected that the valve industry will still have a large improvement in the next few years. Data show that as of the end of 2011, my country had 1,485 valve enterprises above designated size (annual revenue of more than 20 million yuan), and the industry achieved sales revenue of 148.368 billion yuan, a year-on-year increase of 26.86%; and realized a total profit of 13.763 billion yuan, a year-on-year increase of 32%. Strong demand in the valve product market, sustained and stable development of the state-owned economy, and gradually expanded investment in fixed assets of pneumatic control valves. By 2015, China's valve market will be 10% larger than the US market and four times larger than Japan's. Buyers will purchase valves worth $2.4 billion.
With the acceleration of the pace of valve industry restructuring, the future industry will be a competition between valve product quality and safety and product brands. Products will develop in the direction of high technology, high parameters, strong corrosion resistance and long life, and the level and grade of valve products will be continuously improved. Under the huge demand environment, my country's valve manufacturing industry will surely present a better development prospect.
my country's apparent consumption has reached the world's highest level, close to 1/4 of the global total consumption, and the per capita stainless steel consumption has reached 3.4KG, ranking among the top developing countries. Stainless steel valves have excellent characteristics such as corrosion resistance, high strength, lightness and long service life. In recent years, stainless steel valves have been widely used in transportation industries such as shipbuilding and rail vehicles. With the development of the machinery manufacturing industry, stainless steel valves will have a broader application prospect. However, the growth rate of consumption has gradually slowed down, from the ultra-high-speed development stage with an average annual growth rate of more than 30% to the steady development stage with a current growth rate of 6.43%. Valve products enter the innovation period With the progress of social industry, the demand for valves and other products in petrochemical and other industries has also shown a trend of professionalization, standardization, large-scale, complete set, scale and internationalization, and the requirements for energy saving are also getting higher and higher. Dozens of domestic 10 million ton refining units and 1 million ton ethylene units will be newly built and expanded, opening up a broad market for the demand for petrochemical valves. In addition, the various types of pumps currently running in domestic refineries are old and outdated and urgently need to be updated and transformed. Valves will also usher in new opportunities and turning points due to the integrated development of electromechanical valves. The market demand for electromechanical valves has begun to increase. The market still has potential for development, but at the same time, the quality and requirements for products will be higher. In the next five years, valves for China's petrochemical industry will be the main demand, especially high-temperature and high-pressure valves, low-temperature valves and ultra-low-temperature valves, corrosion-resistant stainless steel valves, and stainless steel ball valves for conveying viscous media and solid particle media will develop rapidly, and the demand will increase significantly. Products in the valve industry have entered a period of innovation. Not only do product categories need to be updated, but the internal management of enterprises also needs to be deepened according to industry standards. Reform. Although the development of the valve industry has been relatively stable in the long term, there is still irregular competition in the industry. As the market gradually matures and the legal system becomes more sound, the competitive environment faced by the valve industry will become more benign in the future.