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In The Next Few Years, The Overall Scale Of My Country's Control Valve Market May Maintain Rapid Growth

Valves are an important part of a large-scale complete set of equipment, mainly used for cutting off, throttling, regulating pressure and changing the flow direction of process pipeline media (materials, water, steam, air, oil, etc.). The quality of valves directly affects the normal production and safe operation of these devices, and plays a vital role. Valves have many varieties and specifications, wide applications and large dosages.
The application scenarios of valves are very wide and varied, from hardware stores of low-end vendors to high-end EPC general contracting procurement and customization. This has also led to low barriers to entry and a large technological span in the valve industry.
For example, non-industrial valves used in daily life are very simple to manufacture. According to statistics from China General Machinery Industry Association, as of December 2019, there were 1,809 valve companies on a large scale in the industry.
The more complex industrial valves are specialized equipment used in energy fields such as urban pipeline networks, power stations, oil and natural gas industries, and are one of the key equipment used in transportation systems such as long-distance pipelines, oil depots, docks, airports, and oil tankers.
This kind of valve has a high technical threshold and is difficult to produce. It has high requirements on raw materials, processing equipment and production processes. Since the transmission medium is mostly flammable and explosive oil and natural gas, the entire energy industry, including industrial valves, has high requirements for product stability, safety, precision, and durability. In addition, regular safety inspections and maintenance are required, and follow-up maintenance of products is also a key link. In some extreme usage scenarios, the valve product itself is difficult to repair, which puts forward higher requirements on product quality.
The trend of the valve market is closely related to the machinery industry, while petrochemical, energy, metallurgical and other industries are greatly affected by macroeconomic changes. Because industrial valve companies usually carry out business and expand markets around related projects in the above-mentioned industries. And the macro economy itself has periodic fluctuations. A series of economic development and strategic deployment policies issued by the state can often promote the development of the above-mentioned economic basic industries, thereby bringing more market opportunities to the valve industry.
my country's leading domestic valve manufacturers have been able to design and manufacture various valves in accordance with international standards such as ISO international standards, DIN German standards, AWWA American standards, and some manufacturers' products have reached the international advanced level. However, compared with foreign countries, the quality of domestic valves is not stable enough, such as running, leaking, dripping, and leaking phenomenon occur in domestic valves from time to time. Compared with developed countries, the matching capacity of valves still has a certain gap.
According to Yunjintong's understanding, China imported valves up to 7.322 billion U.S. dollars in 2018. At the same time, China's industrial valve market is expected to reach 13 billion U.S. dollars in 2019, of which 7 billion U.S. dollars of valves will still rely on imports. In the entire market, the total volume of imported valves accounted for more than half.
In addition, customs data show that from 2012 to 2019, the import volume of my country's valve industry showed a fluctuating and rising trend. In 2018, the total import and export volume of my country's valve industry reached 23.952 billion U.S. dollars. In 2019, the total import and export volume was 23.385 billion U.S. dollars.
It fell by 2.37%, and the rate of decline has narrowed. In the two years from 2018 to 2019, due to the impact of trade frictions with the United States, the import volume and growth rate of the industry have both declined. In 2019, the import volume of the industry was 1,02355 million sets, a year-on-year decrease of 1.58%.
It is expected that in the next few years, with the rapid development of my country’s economy and the improvement of industrial automation, the transformation and upgrading of my country’s equipment manufacturing industry, and the continuous growth of national investment in oil and gas, petrochemical, environmental protection, power, metallurgy and other fields, my country controls The overall scale of the valve market will maintain rapid growth, so there will also be greater demand for imports.
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