Release time：2020-11-20
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.
The industrial layout of industrial valve industry points out that in 2019, China's industrial valve market scale will be 12 billion US dollars, accounting for 19.5% of the world. According to the development speed and investment intensity of various domestic industries, the proportion of domestic industrial valve market in the world is steadily increasing. In 2020, the global industrial valve market scale will be about 64 billion US dollars, and China's share will reach 20% - 21%. In 2020, the domestic market scale will be about 12.8-13.5 billion US dollars.
From the market level, most domestic valve enterprises are in the low-end market of valve industry. The valve products in the low-end market have strong versatility, low technical content, low entry threshold, numerous enterprises, highly competitive situation and low market concentration. With the increasing number of new entrants, the competition will be more intense, and the profit level of the low-end valve market will also decline.
From the perspective of enterprise layout, domestic valve industry is speeding up reshuffle, and large valve manufacturers may stand out in the future. On the one hand, small and micro enterprises with less standardized operation and low core competitiveness gradually withdraw from the market, while the market share of domestic large valve enterprises has increased steadily. On the other hand, the volume of domestic valve enterprises still has a lot of room for improvement compared with international giants (only newway's revenue exceeds 2 billion yuan, about 7-8 companies are in the range of 1-2 billion yuan). The author believes that with the recovery of downstream market and the improvement of international competitiveness of enterprises, the domestic leading market share represented by newway will continue to increase in 2020, which is expected to be the world's leading medium and high-end industrial valve enterprises.
At present, China's industrial valve manufacturers are mainly concentrated in Zhejiang, Jiangsu and Shanghai, and 26 valve companies have been trading in Shenzhen, Shanghai, Hong Kong and new third board markets respectively. The industrial layout of industrial valve industry points out that the scale of these 26 valve companies is large and small, and the product types are different, which truly reflects the operation status of domestic valve enterprises to a certain extent. In 2019, 17 of the above-mentioned 26 enterprises have an income of more than 100 million yuan, of which newway shares leads the industry in terms of revenue and net profit.
China has been able to produce more than 3000 models and 40000 specifications of industrial valve products. The products include gate valve, globe valve, throttle valve, plug valve, ball valve, butterfly valve, diaphragm valve, check valve, safety valve, pressure reducing valve, drain valve and regulating valve, etc. Petrochemical and coal chemical valve products and long-distance pipeline matching valves are regarded as the key development work of new products in industrial valve industry during the 13th five year plan.
Generally speaking, compared with foreign giants, the volume of industrial valve enterprises in China is still very small, and the market structure is relatively scattered. China's industrial valve industry presents a pattern of overcapacity of low-end industrial valves, full competition in the middle end industrial valve market, and monopoly of foreign enterprises in high-end and special industrial valve markets. It is expected that the improvement of downstream industry prosperity will drive the increase of relevant fixed asset investment and the growth of industrial valve demand. The above is the analysis of industrial layout of industrial valve industry Content.
