According to the report on in-depth research and investment strategy of China industrial valve market (2019 version) released by Limu information consulting, at present, China has been able to produce more than 3000 models and 40000 specifications of valve products. Parameter range: nominal size from DN3 to 8000mm; pressure range from vacuum to 600MPa; temperature from cryogenic low temperature - 196 ℃ to high temperature 1200 ℃; applicable media include water, steam, various industrial gases and liquids, oil products, corrosive, flammable and explosive fluids, etc.; categories include gate valve, stop valve, throttle valve, plug valve, ball valve, butterfly valve, diaphragm valve, check valve, safety valve, pressure reducing valve There are 12 categories of valves, drain valves and regulating valves. Petrochemical and coal chemical valve products and long-distance pipeline supporting valves will be regarded as the key development work of new products in the valve industry during the 13th five year plan.
In 2018, the domestic industrial valve market scale is 12 billion US dollars, accounting for 19.5% of the global market. According to the development speed and investment intensity of various industries in China, the proportion of domestic industrial valve market scale in the world is steadily increasing. In 2019, the global industrial valve market scale is about 64 billion US dollars, and the proportion of China will reach 20% - 21%, then the domestic market scale in 2019 is about 12.8-13.5 billion US dollars.
As of May 2019, there are 1803 Enterprises above Designated Size in Chinas valve and cock manufacturing industry, with an operating revenue of RMB 1997.222 billion in 2018. At present, the domestic valve industry shows a pattern of overcapacity of low-end industrial valves, full competition in the middle end valve market, monopoly of foreign enterprises in the high-end and special valve market.
The main products of Chinas low-end industrial and civil valve market are cast iron valves and copper valves. Facing this market, the demand of valve products is large, the technical content is low, the entry threshold is not high, the market competition is the highest, and the profit level is low.
The main products of the middle end industrial valve market are industrial valves with loose service environment, generally carbon steel or stainless steel valves. The market demand of valve products facing this market is large, which needs to meet the quality requirements of industrial level. The technical content of valve products is relatively high, and the end customers generally set the qualification of qualified suppliers, so there are certain barriers to enter the industry. The competition level of the middle end market is lower than that of the low-end industrial and civil valve market, and the profit level is higher. Some large-scale enterprises in Chinas valve industry, due to their early entry into the international market, are relatively mature in production technology and production process, and have established relatively stable cooperative relations with many international customers, which has occupied a more important position in the middle end valve market.
The main products of high-end industrial valve market are high-end industrial valves with very strict application environment (such as ultra-high temperature, ultra-low temperature, ultra-high pressure, vacuum, nuclear and other extreme environments), most of which are special material valves. The valve products facing these markets have strict quality requirements, high technology content, monopolistic competition and high profit level. The market is mainly occupied by international famous enterprises in Europe, the United States and Japan.