The demand in the field of clean energy will become the core driving force for the development of the industrial valve industry in the future

1. Overview and classification analysis of industrial valves

Industrial valve is a kind of pressure pipeline element, used to change the pipeline section and medium flow direction, control the pressure, flow and temperature of the conveying medium, with the functions of diversion, interception, regulation, prevention of backflow, diversion or overflow pressure relief, etc., widely used in various fields of the national economy, is an important equipment in energy, petrochemical, chemical, metallurgy, electric power and other industries, and is also one of the key equipment in fixed assets such as machinery and pipelines.

(1) According to the structure, it is classified as follows:

The demand in the field of clean energy will become the core driving force for the development of the industrial valve industry in the future

Each of these valves has its own specific application scenarios and advantages, and users need to choose the right valve type according to their actual operating conditions and needs.

(2) According to the dimensions of adjustment form, valve body material, driving mode, temperature range and pressure range, industrial valve products can be divided into the following categories:

2. The development process of China's industrial valves

3. Industry market size analysis and forecast

(1) The global valve market size

The downstream of the valve manufacturing industry mainly includes oil and gas, energy, refining and chemical, chemical, wastewater, papermaking, irrigation, steel, medicine and other industries. The oil and gas industry has the largest demand for valves, accounting for 17% of the downstream industries of valve manufacturing, and the second, third and fourth industries are energy, refining and chemical industries, accounting for 14%, 13% and 11% respectively.

With the continuous growth of global energy demand, the increase in infrastructure investment, and the sustained and rapid development of industries in developing countries such as China and India, the global industrial valve market continues to grow. In 2020, the market size of the global valve manufacturing industry was 73.2 billion US dollars, and in recent years, with the increasingly severe problems of energy conservation and emission reduction, green environmental protection and the emergence of emerging technologies such as artificial intelligence, the valve industry has also begun to carry out an overall transformation, to intelligent, low-carbon, customized and other directions to explore, it is expected that by 2026, the market size of the global valve manufacturing industry will reach 92.3 billion US dollars, with an average annual compound growth rate of 3.9%.

2020-2026 global valve industry market size and forecast

(2) The size of the mainland valve market

Benefiting from the adjustment of the national industrial structure, the transformation of economic growth mode, and the promotion of energy conservation and emission reduction measures, the project investment and technological transformation demand of downstream industries have been catalyzed by positive stimulation, and the mainland industrial valve market has grown rapidly. In 2022, the national valve market size will be 90.48 billion yuan. China's valve manufacturing industry has jumped to the second place in the global market, second only to the United States. From 2021 to 2026, the compound annual growth rate of the valve manufacturing industry in the mainland is 6.2%, and it is expected that by the end of 2026, the market size of the valve manufacturing industry in the mainland will reach 18.2 billion US dollars, an increase of 43.47% over 2020.

2020-2026 China valve industry market size and forecast

(3) The market space for high-end industrial valves in mainland China is broad

At present, the high-end valve market in mainland China is mainly occupied by internationally renowned enterprises in Europe, the United States and Japan, and the low-end products in the industry occupy an advantage in the world market. In 2022, the mainland will import 8.26 billion US dollars of valves and types of devices, and exports will be 17.16 billion US dollars, which is about twice the import value. From the point of view of the average import and export price, the average import price is about 2.35 times the average export price, and the characteristics of "low out and high in" are obvious, and the high-end valve market space is broad.

4. Industry development trends

(1) Technological transformation of high-end manufacturing and acceleration of the localization process

For a long time, the mainland's high-end industrial valve products have been monopolized by valve giants in developed countries such as the United States, Europe, and Japan, and China's industrial valve enterprises have a low degree of participation. With the continuous and in-depth development of the industrial valve industry in mainland China, a number of leading industrial valve enterprises with advanced technology, strong R&D strength, experienced technical team and abundant funds have emerged, and these enterprises are increasing the research and development and innovation of new materials, new processes and new methods, and some technologies have reached the international advanced level and realized the localization of some high-end valve products. In the future, with the continuous development of the mainland economy and the encouragement of policies, there will be more valve enterprises with strong comprehensive strength and high-end manufacturing conditions in the industrial valve industry, so as to accelerate the localization process of high-end industrial valve products.

(2) The control of quality standards has become stricter, and the concentration of the industry has been improved

At present, the industrial valve market concentration is low, and the product quality is uneven, which may bring hidden dangers to industrial production and people's lives and property safety. In recent years, for the industrial valve industry, the state and industry self-discipline associations have successively launched relevant national standards, industry standards and group standards to improve the quality of product access threshold, which will gradually eliminate many small enterprises, weak production capacity and weak financial strength, so as to improve the overall concentration of the industry and make the market enter healthy competition. On the other hand, with the continuous deepening of industry development and market awareness, enterprises with strong R&D, design and manufacturing capabilities, as well as their own brands, will further consolidate their market position. Competitive enterprises can use technology and brand strength to gain more market share, and enhance industry concentration and overall competitiveness of the industry to a certain extent.

(3) The demand for valves for clean energy will become the core driving force of the industrial valve market in the future

In recent years, the scale of China's clean energy industry has been expanding, and clean energy has become an important force in energy transformation and development. In today's world, energy development is changing with each passing day, and the energy resource endowment of "rich in coal, poor in oil and low in gas" determines that the mainland must adjust its energy structure and actively promote the green and low-carbon transformation of energy. In this process, more high-end valves are needed in deep-sea oil and gas development, liquefied natural gas storage and transportation, and new energy development, especially in the fields of solar energy, hydrogen energy and nuclear power. In the field of solar energy, the construction of photovoltaic power stations is in full swing across the country, in the field of hydrogen energy, the construction of hydrogen refueling stations in various places is developing rapidly, and in the field of nuclear power, the state is also successively approving new nuclear power units.

In the future, with the deepening of the country's emphasis on new energy and the successive introduction of relevant policies, it will greatly drive the development of the clean energy market, which will generate a large number of high-end industrial valve demand, and the demand for industrial valves in the field of clean energy will become one of the main driving forces for the development of the industrial valve industry in the future.

(4) In the future, industrial valves will develop towards intelligence and digitalization

From the perspective of product technology, with the development of modern manufacturing industry, the customer needs of the valve industry have undergone fundamental changes. Especially in recent years, various industries are deeply implementing the deep integration of the two, and the intelligent and digital requirements of various valve products are constantly improving, and the interconnection modes such as self-diagnosis, self-induction, self-monitoring, remote monitoring, remote repair, and remote operation and maintenance are widely used in various production scenarios.

In the future, industrial valve manufacturing enterprises will solidly promote the strategy of intelligent manufacturing, and actively use various technical means to improve product performance and intelligence to meet the increasing intelligent and digital needs of customers.

5. Major enterprises in the industry

(1) Major foreign-funded enterprises

As the world's largest manufacturing country, the mainland industrial valve market is broad, attracting many foreign-funded enterprises, such as Fisher of the United States, Fox of the United States, Samson of Germany, Japanese tooling, Metso of Finland, etc. Due to their strong financial strength, deep technical accumulation and rich industrial experience, relevant foreign-funded enterprises occupy a relatively dominant position in the industrial valve market, especially in the high-end market.

The basic information of major foreign-funded enterprises is as follows:

These foreign-funded enterprises occupy a certain share of the Chinese market, especially the high-end market, by virtue of their long-term technology accumulation, brand effect, and strict control of product quality and service. They not only bring advanced technology and products to the Chinese market, but also promote the technological progress and industrial upgrading of the domestic valve industry, and enhance the competitiveness of the entire industry. At the same time, in the face of competition from foreign-funded enterprises, domestic valve enterprises are constantly improving their own technology research and development capabilities, strengthening product quality management, and striving to occupy a more important position in the domestic and foreign markets.

(2) Major domestic enterprises

The large-scale enterprises that have a well-known reputation in the industry in China and are engaged in the production of industrial valves are as follows:

These enterprises not only have a high market share in the domestic market, but also many of them have also launched a layout in the international market, representing the advanced level of China's industrial valve manufacturing. With technological progress and industrial upgrading, these enterprises continue to enhance their competitiveness in the global valve market.

For more industry information, please refer to the "2024-2030 Industrial Valve Industry Market Research and Development Trend Forecast Report" of Puhua Youce Consulting, and at the same time, Puhua Youce Consulting also provides special market research projects, industrial research reports, industrial chain consulting, project feasibility study reports, specialized and special new small giant certification, market share reports, 15th Five-Year Plan, post-project evaluation reports, BP business plans, industrial maps, industrial planning, blue white papers, national manufacturing single champion enterprise certification, IPO fundraising feasibility study, IPO working paper consulting and other services. （PHPOLICY:MJ）

The demand in the field of clean energy will become the core driving force for the development of the industrial valve industry in the future

Read on