What Would be The Consumption Upgrade of Valve Industry?

As an important part of major technical equipment, valves play a key role in petroleum, chemical industry, metallurgy, nuclear power, water supply system, drainage system and so on. According to the data released by China Customs, in January to December 2018, China imported 103997 sets of valves, down 2.1% from the same period last year.

The decline in the number of valves imported by China in 2018 reflects the improvement of the quality and technology of Chinese domestic valves, and provides more choices for users. The increase in the amount of valve imports reflects the upgrading of consumption in China's domestic valve market, and more users are more inclined to choose high-end valve products.

As an important link in mechanical equipment manufacturing, valves play a very important role in the development of national economy. In recent years, with the rapid development of China's economy and the improvement of the degree of industrial automation, the transformation and upgrading of China's equipment manufacturing industry, as well as growth of China's investment in oil and gas, petrochemical, environmental protection, electricity and metallurgy, China's valve industry has also been rapidly developed.

At present, there are thousands of valve manufacturers in China, which can produce gate valve, cut-off valve, throttle valve, stainless steel ball valve, butterfly valve, diaphragm valve, cock valve, check valve and control valve and other types of valve products, which can meet the needs of different industries. 

Not long ago, the Market Supervisory Authority of various provinces in China carried out spot checks on valve products used in the market, and the qualified rate reached more than 90%. In terms of technological innovation, a number of enterprises with industry leading position appear in the market. At present, the development prospect of valve industry in China is good. The excellent policy of the Chinese government and the technological breakthrough of valve enterprises make the whole valve industry show upward development. Although the current development of Chinese valves is good, there are still many industry experts worried about the development prospects of Chinese valves.

Although Chinese valve products have made great progress in quality and technology, there is still a big gap between Chinese valves and valves of internationally renowned brands. In addition, in the brand awareness, product quality, technical level and so on, the valve of international famous brand occupies more obvious advantage and position than Chinese valve.

Valve products play an important role in all industrial fields. The fierce competition within the valve industry, quality and innovation become the key factors of product success or failure. In order to improve the product quality, some valve enterprises put forward ways to improve the product standard. In accordance with international advanced standards, they speed up the formulation of high-level standards for traditional industries with independent intellectual property rights, and enhance product quality, visibility and market competitiveness. In terms of technological innovation, some enterprises invest 5% of their annual sales as R&D funds for the development of new products, pushing the field of valve R&D into the international high-end level.