Valve is the control component in the fluid conveying system, with cut-off, regulation, diversion, prevention of countercurrent, voltage stability, diversion or overflow pressure relief and other functions. Valves can be used to control the air, water, steam, various corrosive media, mud, oil, liquid metal and radioactive media and other types of fluid flow. In 2017, the global valve market size was estimated at $52,923.54 million, and by 2025, the global valve market size is expected to reach $69,982.43 million, with an annual compound growth rate of 3.55%.
At present, the global valve leaders are mainly concentrated in North America, Japan and Germany. These companies have a complete range of products and profound technology accumulation. They have established sound production, sales and after-sales organizations all over the world and have stable downstream customers. In a short period of time, it is difficult for any enterprise to break the existing market structure.
After decades of development, China's valve industry has made great progress, the current number of Chinese valve enterprises ranked first in the world, the valve production level has also been greatly improved, the valve income has achieved a substantial increase. The main products of Chinese valves have basically been able to meet the needs of the domestic market, the valve market rate, complete sets of level and complete sets of capacity have been greatly improved, the domestic valve has a certain basis for revitalization. However, China's valve industry is still dominated by small and medium-sized enterprises, only a few global influential well-known valve enterprises.
Valve enterprises need to change the existing production relationship to strengthen technical innovation in the face of increasingly serious homogenization problem, now the valve industry is gradually in the wireless cycle into a vicious circle of competition can not escape. In this grim situation, valve enterprises need to be clearly aware that low cost, low technology valve products flood the market, not only to disrupt consumer judgment and purchase desire, but also hinder the mature transition of the valve market. Therefore, if the valve enterprise wants to improve the production efficiency, it is necessary to change the existing production relationship, increase the investment in the modern production line, and strengthen the technical innovation. At present, valve enterprises should adhere to innovation, product structural adjustment, transformation of traditional products, high-end valve.