Valve is a device that controls fluid flow, pressure and flow direction by changing the size of its flow channel area. It is a control component in the fluid transportation system. With the continuous breakthrough of technology and the improvement of product process, valve has become an indispensable fluid control equipment in petroleum, chemical industry, power station, shipbuilding, nuclear industry, aerospace, offshore oil production and other departments of national economy.
From the strategic point of view, China's valve industry is in a good domestic investment environment. The stepping up of some infrastructure projects, such as "west to East Gas Transmission", "west to East power transmission", petroleum and chemical industry, has brought the industry a golden opportunity for development. Meanwhile, one belt, one road initiative and the implementation of green sustainable development strategy also bring new opportunities for valve structural adjustment and industrial upgrading.
Under the good macro policy environment, the development prospect of valve market is very broad. According to the statistics of foresight.com, China's industrial valve market will usher in a new cycle. It will exceed 20 billion in 2020.
The policy of "red envelope rain" came in droves, leading to major innovation in the field of technology. On June 12, the largest diameter medium temperature flue butterfly valve in China was successfully developed in Lanzhou Petrochemical Machinery Plant of Bohai equipment company, filling a gap in domestic design and manufacturing; on June 14, the simulation equipment for real working condition of low temperature valve was started up in Datong reciprocal group. As the first set of working condition simulation equipment in China, which can truly and comprehensively reflect the comprehensive performance of cryogenic valve, it subversively realizes the real state test verification mode of cryogenic valve. A few days ago, the first 48 Inch cracking gas valve with domestic independent intellectual property rights was successfully put into use in No. 10 cracking furnace of Zhenhai Refining and chemical ethylene cracking unit, breaking the monopoly situation of large valves in ethylene cracking unit from abroad.
Although the development of technology market shows a positive trend. However, valve enterprises are still facing severe challenges in cost, technology, market, brand and other aspects, resulting in lower production profits. Unreasonable industrial structure, serious overcapacity; weak independent innovation ability, low product quality; lack of world-famous brands and multinational enterprises; imperfect industry standardization are the four weaknesses of the valve industry.
Especially in the field of core technology, there is still a considerable gap between the domestic manufacturing level and the international advanced level, which leads to the passive position of China's valve industry in the high-end market competition. In order to grab more market share, many enterprises adopt the way of "exchanging profits for market", which forms vicious circle competition and destroys the market mechanism of fair competition.
Regardless of all walks of life, only enterprises with core competitiveness can have a foothold in the market. For valve enterprises, they still need to create competitive barriers through technological innovation, so as to improve the profit margin of enterprises. At the same time, enterprises should increase investment in brand channel construction to expand brand penetration.
In the future, with the rapid development of China's economy and the improvement of industrial automation, the transformation and upgrading of China's equipment manufacturing industry, the overall scale of the valve market will maintain rapid growth. In order to meet the diversified needs of the market, valve product technology research and development should also follow the development trend of high automation, intelligence, multi-function, high efficiency and low consumption.