2020 China Valve Industry Export Status & Analysis
In recent years, with the rapid development of industries such as food processing and pharmaceuticals, market demand for valve products has surged, driving the rapid growth of the valve industry. At present, China’s food-grade valve portfolio is rich and diverse. Butterfly valves, diverter valves, control valves and other types are widely used for precise regulation of liquid, gas and other media, keeping process parameters such as pressure, flow rate and liquid level at set values. These valves are extensively applied in the food and beverage, pharmaceutical, chemical and other sectors.
Over the 40 years of reform and opening-up, China’s steel pipe industry has grown from scratch and expanded from small scale to large scale, achieving rapid development and remarkable accomplishments. Since 2012, China’s steel pipe output has accounted for more than half of global total production. In 2017, the output increased 64 times compared with 1978, making China a veritable major steel pipe manufacturing country. Meanwhile, China’s steel pipe manufacturing equipment level, product specifications range and technical content are all approaching world-class advanced standards.
Transparency Market Research (TMR) has recently released a comprehensive market research report analyzing the full dynamics of the global industrial valve market. The report states that the global valve market size reached approximately USD 60.9061 billion in 2016. Analysts forecast that the market will register a steady Compound Annual Growth Rate (CAGR) of 7.0% over the 2018–2026 forecast period.
Valves are vital core components of large-scale complete process plant systems. They are mainly used for the cut-off, throttling, pressure regulation and flow direction switching of pipeline media, including materials, water, steam, air, oil products and more.
Energy shortage is a common challenge faced globally. In the course of industrialization and urbanization, China’s energy demand will continue to rise, and the imbalance between energy supply and demand has become increasingly prominent. Nuclear power is recognized worldwide as a clean energy source. With the advancement of nuclear power technology, its safety and economic efficiency have been greatly improved. China has also increased investment in the nuclear power sector, and adjusted its nuclear power development strategy from "moderate development" to "active development".
As 2019 passed its midpoint, most listed enterprises released their half-year financial reports. Some companies delivered steady performance growth, while others saw declines in earnings due to operational and strategic adjustments. Within the valve sector, four major listed valve enterprises also recently published their interim results.
Transparency Market Research (TMR) has recently published a comprehensive report analyzing full global valve market trends and dynamics. The report shows that the global valve market size reached approximately USD 60.9061 billion in 2016. Company analysts forecast that the market will register a steady 7.0% Compound Annual Growth Rate (CAGR) over the 2018–2026 forecast period.
Longwan valve industry boasts a complete supporting industrial chain, prominent regional cluster advantages, and strong market competitiveness. However, amid a complex and challenging international landscape and sustained domestic economic downward pressure, the local valve sector has actively risen to challenges. Leveraging decades of accumulated technical expertise, enterprises have accelerated new product R&D while expanding domestic and overseas markets, maintaining resilient growth against industry headwinds. According to incomplete statistics, in the first three quarters of this year, above-scale valve manufacturers in Longwan achieved a total industrial output value of 3.208 billion yuan, a year-on-year increase of 21.9%, ranking first among all local industries.
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