How is valve industry in the future?

A valve is a device that controls fluid flow, pressure, and flow direction by changing the size of its flow channel. The valve is the control part in the fluid conveying system, which has the functions of diversion, closure, regulation, throttling and so on. The valves use a drive or automatic mechanism to lift, slip, swing, or rotate the open-close parts, thereby changing the size of their flow channel to achieve its control function. Valves are widely used in industrial fields and are indispensable fluid control equipment in petroleum, electric energy, nuclear industry, aviation and so on.

Market Scale Forecast for Industrial Valve in The World

The global market size for industrial valves is projected to grow by 4.3% per year in 2014 to 2020 and will exceed $100 billion in 2020. At the same time, the region with the largest demand for industrial valves is expected to be in the years 2014-2020 will be the Asia-Pacific region, followed by Africa, Central and South America, Eastern Europe, North America and Western Europe.

Market Scale Forecast for Industrial Valves in China

According to statistics from relevant departments, the scale of China's industrial valve market will exceed 20 billion yuan in 2020. From 2014 to 2020, the growth rate of market scale will gradually decrease, but the growth rate will remain at 10% to 6%. It is expected that in the next few years, with the rapid development of China's economy, the improvement of industrial automation, the transformation and upgrading of China's equipment manufacturing industry, and the growing investment of Chinese government in oil and gas, environmental protection, electricity, metallurgy and other fields, the overall size of China's valve market will maintain a relatively rapid growth rate.

Analysis on Demand Structure of Industrial Valves in China

The highest demand for industrial valves in the world is mining, transport and petrochemical sectors, accounting for 37.40% of total demand. The demand for industrial valves in the fields of electric energy and chemical industry accounts for 21.30% and 11.50% of the global demand for industrial valves, respectively. The total demand for industrial valves in these three fields accounts for 70.20% of global industrial valve demand. And in the application field of industrial valves in China, the chemical industry, electric energy and oil and gas industry are also the most in demand for industrial valves, accounting for 25.70%, 20.10% and 14.70% of the total demand for industrial valves in China, respectively.

Analysis of The Four Shortcomings of Valve Industry

The structure of the industry is unreasonable and the situation of overcapacity is serious. The capability of independent innovation of the valve enterprises is weak, and the quality of products is not high. Among the valve brands in China, the number of world famous brands and transnational enterprises is small. The system of valve industry in China is not standard enough. With the progress and development of industrial technology, the competition in various industries is becoming more and more fierce. In order to make China's valve industry develop healthily, the above four problems are urgently needed to solve in China's valve industry.