A valve is a device that controls fluid flow, pressure, and flow direction by varying the size of its flow path area and is a control component in a fluid delivery system. With the continuous breakthrough of technology and the increasingly perfect product technology, valves have become indispensable fluid control equipment for various sectors of the national economy such as petroleum, chemical, power station, shipbuilding, nuclear industry, aerospace and marine oil recovery.
From a strategic perspective, China's valve industry is in a good domestic investment environment. The intensification of some infrastructure projects such as “West-East Gas Transmissionâ€, “West-to-East Power Transmissionâ€, oil and chemical industry has brought unprecedented opportunities for development. At the same time, the implementation of the green sustainable development strategy and the practice of the “Belt and Road Initiative†have also brought new opportunities for structural adjustment and industrial upgrading of the valve industry.
Under the favorable macro policy environment, the valve market has a broad development prospect. According to statistics from the forward-looking network, China's industrial valve market will usher in a new round of cycles. It will exceed 20 billion in 2020.
The policy “red envelope rain†has come to the fore, and has taken the lead in driving major innovations in the technical field. On June 12th, the largest medium-temperature flue butterfly valve in China was successfully developed in Lanzhou Petrochemical Machinery Factory of Bohai Equipment Company, which filled a gap in domestic design and manufacture; on June 14, the real-time simulation equipment of low-temperature valve was in Datong. The reciprocal group starts up. As the first set of working condition simulation equipment that can truly and comprehensively reflect the comprehensive performance of cryogenic valves, it has subversively realized the true state test verification method of low temperature valves. Recently, the first 48-inch cracking gas valve with domestic independent intellectual property rights was successfully put into use in the No. 10 cracking furnace of Zhenhai Refining & Chemical Ethylene Cracking Unit, breaking the monopoly of large valves of ethylene cracking unit.
Although the development of the technology market is showing a good result. However, valve companies still face severe challenges in terms of cost, technology, market and brand, and their production profits are reduced. The industrial structure is irrational, the overcapacity is serious; the independent innovation capability is weak, the product quality is not high; the world famous brands and multinational enterprises are lacking; the industry standardization is not perfect is the four shortcomings of the valve industry.
Especially in the core technology field, there is still a considerable gap between the domestic manufacturing level and the international advanced level, which leads to the passive position of China's valve industry in the high-end market competition. In order to gain more market share, many companies adopt a "letter for the market" approach, forming vicious circle competition and undermining the market mechanism of fair competition.
Regardless of the industry, only companies with core competitiveness can stand in the market. For valve companies, it is still necessary to create competitive barriers through technological innovation, thereby increasing corporate profitability. At the same time, enterprises should increase investment in brand channel construction to expand brand penetration.
In the future, with the rapid development of China's economy and the improvement of industrial automation, China's equipment manufacturing industry will be transformed and upgraded, and the overall size of the valve market will maintain rapid growth. In order to meet the diversified needs of the market, valve product technology research and development should also follow the development trend of high automation, intelligence, multi-function, high efficiency and low consumption.
From a strategic perspective, China's valve industry is in a good domestic investment environment. The intensification of some infrastructure projects such as “West-East Gas Transmissionâ€, “West-to-East Power Transmissionâ€, oil and chemical industry has brought unprecedented opportunities for development. At the same time, the implementation of the green sustainable development strategy and the practice of the “Belt and Road Initiative†have also brought new opportunities for structural adjustment and industrial upgrading of the valve industry.
Under the favorable macro policy environment, the valve market has a broad development prospect. According to statistics from the forward-looking network, China's industrial valve market will usher in a new round of cycles. It will exceed 20 billion in 2020.
The policy “red envelope rain†has come to the fore, and has taken the lead in driving major innovations in the technical field. On June 12th, the largest medium-temperature flue butterfly valve in China was successfully developed in Lanzhou Petrochemical Machinery Factory of Bohai Equipment Company, which filled a gap in domestic design and manufacture; on June 14, the real-time simulation equipment of low-temperature valve was in Datong. The reciprocal group starts up. As the first set of working condition simulation equipment that can truly and comprehensively reflect the comprehensive performance of cryogenic valves, it has subversively realized the true state test verification method of low temperature valves. Recently, the first 48-inch cracking gas valve with domestic independent intellectual property rights was successfully put into use in the No. 10 cracking furnace of Zhenhai Refining & Chemical Ethylene Cracking Unit, breaking the monopoly of large valves of ethylene cracking unit.
Although the development of the technology market is showing a good result. However, valve companies still face severe challenges in terms of cost, technology, market and brand, and their production profits are reduced. The industrial structure is irrational, the overcapacity is serious; the independent innovation capability is weak, the product quality is not high; the world famous brands and multinational enterprises are lacking; the industry standardization is not perfect is the four shortcomings of the valve industry.
Especially in the core technology field, there is still a considerable gap between the domestic manufacturing level and the international advanced level, which leads to the passive position of China's valve industry in the high-end market competition. In order to gain more market share, many companies adopt a "letter for the market" approach, forming vicious circle competition and undermining the market mechanism of fair competition.
Regardless of the industry, only companies with core competitiveness can stand in the market. For valve companies, it is still necessary to create competitive barriers through technological innovation, thereby increasing corporate profitability. At the same time, enterprises should increase investment in brand channel construction to expand brand penetration.
In the future, with the rapid development of China's economy and the improvement of industrial automation, China's equipment manufacturing industry will be transformed and upgraded, and the overall size of the valve market will maintain rapid growth. In order to meet the diversified needs of the market, valve product technology research and development should also follow the development trend of high automation, intelligence, multi-function, high efficiency and low consumption.
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