At present, the annual turnover of valve market in China is about 150 billion yuan, of which more than 30 billion yuan is occupied by foreign valve enterprises. According to China's "11th Five-Year Plan" development plan, China's valve industry, especially those focusing on water and construction markets, still lags behind the international advanced enterprises in energy saving, environmental protection, safety and sustainable development strategy.
Compared with international advanced valve enterprises, Chinese valve enterprises are mainly manifested in their small scale, low technology level and weak competitiveness of Chinese valve brands. If these problems are not solved in time, they will not only greatly affect the overall matching level of China's valve industry, but also restrict the healthy growth of China's valve industry. Valve enterprise integration and reorganization is the process that China's valve industry must go through now. Only by integrating high-quality assets on a large scale and on a large scale, can China's valve enterprises quickly form a strong valve group.
During the "11th Five-Year" period, the total demand for domestic valves was predicted to be 300 billion yuan. In addition, according to the needs of China's national economic development, the development of new valves is focused on thermal power, nuclear power, hydropower, large-scale petrochemical industry, oil and gas gathering pipeline, coal liquefaction and metallurgy and other major engineering construction matching valves. At the same time, we should attach importance to the popularization and application of new valve technology, such as the application of new vacuum electron beam welding technology and shear extrusion technology when forging welding structure is used for high temperature and high pressure power station valves and nuclear power station valves, and the application of integral welding technology for large caliber integral ball valves of long transmission pipelines.
Valves are indispensable fluid control equipment for petroleum, chemical industry, power plants, long-distance pipelines, shipbuilding, nuclear industry, various cryogenic engineering, aerospace and marine oil production sectors.
After more than 20 years of development, there are more than 6,000 valve enterprises of various sizes in China. The number of valve enterprises ranks first in the world, and 900 of them have an annual output value of more than 5 million yuan. From the point of view of valve products, China's valve industry has been able to produce more than ten categories of products, such as gate valves, globe valves, ball valves, butterfly valves, safety valves, check valves, throttle valves, cock valves, pressure relief valves, diaphragm valves, traps, emergency shut-off valves.