The market is approaching 70 billion US dollars! Can Valve Enterprises Seize Business Opportunities?

     Valves occupy a large proportion of mechanical products, especially in pharmaceutical, power, petrochemical, metallurgical and other fields, valves play a key role.

Statistics show that in 2017, the global valve market is valued at $52923.54 million. By 2025, the global valve market is expected to reach $69982.43 million, with an annual composite growth rate of 3.55%.

It is also predicted that the output of valves in China will reach 8.3 million tons in 2019 and 9.35 million tons in 2023. In this regard, the industry believes that valve enterprises will usher in greater and more business opportunities.

The author understands that in the pharmaceutical industry, valves can be used to control and regulate the flow of media, which can be liquid, gas or powder. Because of the particularity of the pharmaceutical industry, the requirements for valves of pharmaceutical enterprises are very high.

For example, in a pharmaceutical cleanroom, valves need to pass through corrosive media, so there can be no particle deposition and require high chemical resistance. For highly sensitive processes, such as biotechnology industry, pharmaceutical water purification and so on, valve requirements are more stringent. In this case, enterprises usually use stainless steel valves.

At the same time, "in order to ensure the stability and reliability of quality, pharmaceutical water equipment components also have corresponding quality requirements." Valve technicians, such as diaphragm valves, all kinds of diaphragm valves are designed with the development of time. Clean and sterile is an important requirement, so the sealing system of diaphragm valve will directly affect the purity of the product.

Based on the high requirements of the pharmaceutical industry for valves, the increase of market demand and the improvement of valve technology level, the valve industry in China has made great progress. At present, the number of valve enterprises in China is in the forefront of the world, the production level of valves has also been greatly improved, and the revenue of valves has increased substantially.

Industry insiders analysis: "The global valve market is good, and the main products of Chinese valves have been able to basically meet the needs of the domestic market, valve market set rate, set level and set capacity have been greatly improved." However, China's valve industry is still dominated by small and medium-sized enterprises, industry development still has greater challenges.

Specifically, the overall market concentration of the valve industry is low. From a global point of view, many large international valve companies have entered the capital market and experienced the process of promoting and realizing industrial integration by using the capital market. However, the overall scale of domestic valve enterprises is too small and lack of long-term financial support, which makes it difficult to achieve industry integration.

In addition, there are many valve enterprises in China still hovering in the low-end market. Industry insiders said that at present, more than 90% of domestic valve export enterprises belong to parts manufacturers or OEMs, and many of them are in the field of low-end industrial valves and civil valves. Low technology content and high entry threshold are still problems that need to be solved as soon as possible.

In order to grasp more business opportunities on the basis of a good background for development, domestic valve enterprises need to change existing production relations and strengthen technological innovation. In addition, valve companies should also clearly recognize that low-cost, low-tech, low-quality products will not only reduce the production quality of the entire production line, but also hinder the healthy development of the valve market.

Therefore, in order to change the current situation of the industry and gain a share in the global valve market of US$69982.43 million, Chinese valve enterprises should continue to pursue innovation, learn and introduce more advanced technology, provide users with professional technical advice, product selection, design and manufacture, installation and commissioning and other product services, actively respond to market defects, and promote the Chinese valve industry. Development.