Development trend of valve industry

Release time:

2023-05-28

The development trend of the valve industry, as a valve manufacturer, should always pay attention to the development trend of the industry, we follow the national policy, and make our company bigger and stronger.

Industrial valves are widely used in various fields, and domestic and foreign valve suppliers mostly choose one or more industrial fields as market development priorities. At present, domestic and foreign enterprises mainly include: KITZ Company in Japan, VELAN Company in Canada, OMB Company in Italy, as well as Newway Group, CNNC Technology, Dawson Group, Jiangsu Shentong, Bessel, and Yivalve Group. The progress and application of valve automation and control technology, the continuous growth of global energy demand, and the increase in infrastructure investment in the oil, natural gas, and power industries, As well as the sustained and rapid development of industries in developing countries such as China and India, a series of factors have driven the sustained growth of the global industrial valve market.
Valves are important mechanical basic components, and industrial raw materials such as castings, forgings, and seals are in the upstream of the industry and in a fully competitive state. Downstream, it is widely used in industries such as oil and gas, chemicals, electricity, tap water and sewage treatment, papermaking, metallurgy, pharmaceuticals, food, mining, non-ferrous metals, electronics, etc.
At present, the main application areas of valves include: petroleum and natural gas, electricity, chemicals, tap water and sewage treatment, papermaking, metallurgy, pharmaceuticals, food, mining, non-ferrous metals, electronics and other industries. Among them, the fields of oil and gas, energy and electricity, and chemical engineering are the most important application areas for valves. The high-end industrial valve market consists of a large number of segmented markets, with the goal of producing valve products with strict quality requirements and high technological content. The market is mainly dominated by monopolistic competition, with a high level of profit. The market is mainly occupied by internationally renowned enterprises in Europe, the United States, and Japan. However, with the continuous improvement of technological level, process level, and material technology, leading domestic enterprises represented by Newway Valve have gradually penetrated into the high-end valve market.
Industrial valves are closely related to macroeconomic development, as well as infrastructure investment in many downstream application fields such as oil and gas, chemical industry, electricity, and shipbuilding equipment. In recent years, under the influence of the COVID-19 and major international political and economic events, investment in major industrial fields around the world has fluctuated. However, due to the universality of application fields, the industry is less affected by the cyclical fluctuations of a single downstream industry, and the overall cyclical characteristics are not significant.
The valve industry belongs to the equipment manufacturing industry. The equipment manufacturing industry is a strategic industry that provides technical equipment for various industries in the national economy. It has a high degree of correlation, strong employability, and intensive technological capital. It is an important guarantee for industrial upgrading and technological progress, and a concentrated reflection of the comprehensive strength of the country. Therefore, the country attaches great importance to the development of the equipment manufacturing industry and will take policy measures to encourage and support the industry in the long term.