From January to May 2018, China imported 427.96 million sets of valves, up 2.5 percent from the same period last year. The import amount reached 3011972000 U.S. dollars, up 27.3 percent from the same period last year, according to data released by the Chinese customs.In the development of national economy, the valve as a mechanical equipment manufacturing industry an important link, has a very important role. As a Subarea of the manufacturing industry, the valve industry has been widely used in electric power, metallurgy, petrochemical, natural gas, environmental protection and other industries.
The continuous increase of the global population and the growing energy demand, has created a large number of valve products demand. As a developing country, China’s rapid economic growth has greatly promoted the development of downstream industries such as oil and natural gas, and has gradually become a new engine of valve industry development.
For example, 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 trunk natural gas and supporting pipelines will be built nationwide, with the total mileage reaching 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.
China’s valve industry is in a very favorable development period. According to statistics, at present there are about 3,000 valve manufacturing enterprises in China, the number of which ranks first in the world, can Produce Gate Valve, Globe Valve, throttle valve, ball valve, butterfly valve, diaphragm valve, plug valve, check valve, control valve and other types of valve products to meet the needs of different industries.
However, most of the valve enterprises in China are low-level, small-scale, family-style enterprises, which have the problems of low Concentration ratio, backward technology, low product quality and 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 international 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 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.
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 2017-20212021 Investment Analysis and forecast report issued by CIC consultant, the annual compound growth rate of China’s valve industry in 2017-2021 will be about 1.97% , and the output of 2021 valves will reach 8.86 million tons in the next five years.
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, to improve the quality and technology of valve products and develop high-end intelligent valve new products, we can get more opportunities in the huge market demand.
As a valve leader in China, COVNA will focus on innovation and quality to support the valve industry to move on.
Post time: Nov-25-2021