The market competition of valve industry in China is fierce. At present, the enterprises in the market are small, with the proportion of medium and small enterprises accounting for more than 90%. Most of the enterprises are backward in technology level, mainly concentrated in the low-end market. This leads to the lack of competitiveness of valve products in the international market and the lack of R & D of middle and high-end products.
The sustained and stable growth of global economic aggregate has led to the development of downstream industries of industrial valves such as oil and gas, electric power, water treatment, chemical industry, urban construction, etc. Industrial valve industry analysis points out that the global industrial valve industry is developing rapidly, and the industrial valve industry has also made rapid development. In 2019, the global industrial valve market scale will increase to 123.56 billion US dollars.
There is a big gap between China's valve industry and foreign enterprises in the industrial structure, industrial chain of industrial valves, and the degree of specialization of the industry. The reason for the low quality of domestic valve products is that due to the rapid expansion of the market, the original state-owned valve enterprises have been shut down and transferred. Although the rapid development of township enterprises, but due to the weak technical force, equipment is simple, most of the products are imitation production.
In the global industrial valve market demand, the oil and gas sector, including drilling, transportation and petrochemical, accounts for the highest proportion, followed by energy, electricity and chemical industry. Among the application fields of domestic industrial valves, the chemical industry, energy and power industry and oil and gas industry are also the most important markets for valve sales.
