The valve is the control component in the fluid transportation system, has the cut-off, the adjustment, the diversion, prevents the counter-current, the stable pressure, diverts or the overflow to discharge the pressure and so on function. Valves can be used to control air, water, steam, a variety of corrosive media, mud, oil, liquid metal and radioactive media and other types of fluid flow. In 2017, the global valve market was valued at $52,923.54 million. By 2025, the global valve market is expected to reach $69,982.43 million, with an annual compound growth rate of 3.55%.
At present, the world’s leading valves are mainly concentrated in North America, Japan and Germany, the world’s leading valves are Emerson, IMI, Kitz Group, Flowserve, GE, Crane, Metso, Cameron Schlumberger and KSB Group. These companies have a wide range of products, technology accumulation, all over the world have established a sound production and sales and after-sales organizations, with stable downstream customers. In a short period of time, it is very difficult for companies to break the existing market structure.
After several decades of development, China’s valve industry has made great progress, the number of China’s valve enterprises ranked first in the world, the valve production level has also improved greatly, valve revenue has increased significantly. The main products of China’s valves have basically met the needs of the domestic market, the complete sets of valves market rate, complete sets of level and complete sets of capacity have been greatly improved, domestic valves have a certain basis for revitalization.
The valve industry needs to change its existing Relations of production and strengthen its technological innovation. The valve industry is now trapped in a vicious circle of competition that can not escape from the problem of homogenization. In this situation, valve enterprises need to realize clearly that low-cost, low-tech valve products flooded the market, not only to disturb consumer judgment and purchase desire but also to hinder the mature transition of the valve market. Therefore, if the valve enterprises want to improve the efficiency of production must first change the existing Relations of production, increase the input of modern production lines, strengthen technological innovation. At present, valve enterprises should adhere to innovation, structural adjustment of products, the transformation of traditional products, to high-end valves.
Post time: Nov-25-2021