Valve development, high-tech innovation, new blue ocean

In recent years, under the influence of the government's policy of revitalizing the equipment manufacturing industry, strong market demand, and enhanced industrial input capabilities, China’s valve production has continued to grow in good conditions. The valve products not only meet domestic demand, but also make significant inroads into the international market.

After years of development, the number of Chinese valve companies ranks first in the world, and there are about 6,000 valve companies of all sizes. Valves as a component of fluid transport, in recent years, with the national economic growth valve industry has developed very rapidly. The valve industry presents a thriving scene. According to statistics, in 2010, China's apparent consumption of valves was about 12 billion U.S. dollars, of which imports were about 2.3 billion U.S. dollars. This shows that there is still a lot of room for import substitution.

In 2011, the company's main business income from pump and valve manufacturing enterprises above designated size reached 435.9 billion yuan, an increase of 28.41% year-on-year; total profit reached 49.896 billion yuan, a year-on-year increase of 28.71%. In general, however, the industrial concentration of China's pump and valve market is relatively low, and the production of medium and low-end products is the mainstay. In terms of owning core technologies, there is still a certain gap between domestic enterprises and developed countries in the world.

In the first quarter of 2012, the output of China's valves reached 1.395 million tons, a year-on-year increase of 19.59%. In the first half of 2012, the output of valves throughout the country reached 330.27 million tons, a year-on-year increase of 15.45%. In June, China produced 641.9 thousand tons of valves, an increase of 7.42% over the same period last year.

At present, more and more valve products in the international market are produced in China, but this does not mean that the right to speak in the international valve market is already in the hands of Chinese companies. The valve is a product with a low profit margin and the market competition is not fierce. China's valve industry can occupy a certain position in the international valve market, an important factor is the support of our country's labor force. In China, the valve industry is a labor-intensive industry, and the development of the valve industry is still based on the expansion of quantity, instead of relying on talents and relying on technical support.

If China's valve industry wants to have long-term development, it must adjust and optimize the industrial structure. It is necessary to continue to give full play to the advantages of the traditional valve industry, but also to vigorously develop knowledge, technology-intensive industries and emerging industries in order to promote the upgrading of the valve industry. Only in this way can we shorten the gap between China's valve industry and developed countries as soon as possible. Therefore, as long as the company can seize the opportunity to strengthen research and development capabilities, and continuously improve product technology content and product quality, will be able to take the initiative in the broad market competition.