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Currently, the global leader in valve mainly in North America, Japan and Germany, the world-renowned valve enterprises are mainly Emerson, IMI, Kitz Group, Flowserve, GE, Crane Company, Metso, Cameron (Schlumberger) and the KSB Group. These companies have complete product types and deep technical accumulation. They have established perfect production, sales and after-sales organizations all over the world, and have stable downstream customers. In a short period of time, it is difficult for companies to break the existing market structure.
After decades of development, China's valve industry has made great progress. At present, the number of valve companies in China ranks first in the world, and the level of valve production has also been greatly improved. The valve revenue has achieved a substantial increase. The main products of China Valve have basically met the needs of the domestic market. The complete set rate, complete set level and complete set capacity of the valve market have been greatly improved. The domestic valve has already had a certain revitalization foundation. However, China's valve industry is still dominated by small and medium-sized enterprises, only a few of the world's most influential and well-known valve companies such as Newway Valve, Sanhua and China Yuanda Valve.
Valve companies need to change the existing production relations to strengthen technological innovation. Faced with the increasingly serious problem of homogenization, the valve industry is now gradually falling into a vicious competition circle that cannot escape in the wireless cycle. In this grim situation, valve companies need to clearly understand that low-cost, low-tech valve products flood the market, not only disrupt consumer judgment and purchase desire, but also hinder the mature transition of the valve market. Therefore, if valve companies want to improve production efficiency, they must first change the existing production relationship, increase investment in modern production lines, and strengthen technological innovation. At present, valve companies must insist on innovation, structural adjustment of products, transformation of traditional products, and advance to high-end valves.
Valves are control components in fluid delivery systems that have functions such as shut-off, regulation, diversion, backflow prevention, regulation, shunting or overflow relief. Valves can be used to control the flow of various types of fluids such as air, water, steam, various corrosive media, mud, oil, liquid metals, and radioactive media. In 2017, the global valve market is valued at 52,923.54 million US dollars. By 2025, the global valve market is expected to reach 69,982.43 million US dollars, with a compound annual growth rate of 3.55%.