Investment analysis of China's industrial valve industry

Industrial valves are an important accessory for controlling the flow of media on industrial pipelines. my country's industrial valves are widely used in various fields. About 80% of the demand in 2019 comes from the updated market. The industry market scale reaches 210.942 billion yuan, and the growth rate is maintained at 10%-6% , the following is the investment analysis of the industrial valve industry.

The global industrial valve market is mainly concentrated in economically and industrially developed countries and regions. According to the analysis data of the industrial valve industry, the 10 most important industrial valve consumer countries in the world in 2019 are the United States, China, Japan, Russia, Germany, India, Brazil, Saudi Arabia, France and South Korea. Among them, the valve market size of the top three US, China and Japan is 8.848 billion US dollars, 7.346 billion US dollars and 2.791 billion US dollars respectively.

The investment analysis of the industrial valve industry points out that my country's industrial valves are mainly used to adjust process parameters such as medium flow, pressure, temperature, and liquid level in the field of industrial automation process control. In 2019, my country's industrial valve demand structure changed greatly, and the proportion of chemical industry and papermaking increased most obviously. Among them, the demand in the oil and gas field accounts for a relatively low proportion, but the proportion is increasing, from 8.52% in 2012 to 14.70% in 2017.

As of December 2019, the market size of my country's industrial valve industry reached 210.942 billion yuan. From a market perspective, most domestic valve companies are in the low-end market of the valve industry. Valve products in the low-end market have strong versatility, low technical content, low entry barriers, and many industry enterprises. The industry as a whole presents a highly competitive situation, and the market concentration is very low. With the continuous increase of new entrants in the industry, the competition will be more intense, and the profit level of the low-end valve market will also decline.

At present, there are 1,806 industrial valve enterprises above designated size in my country (enterprises with annual sales revenue of more than 20 million yuan), and it is calculated that the 30 valve enterprises that have been listed only account for 1.66% of the total. According to the annual report data disclosed by the above 30 companies, there are 18 large enterprises with sales exceeding 100 million yuan in 2019, accounting for 60% of the total.

From the perspective of product structure, most of my country's industrial valve products are concentrated in low-end products, while for systematic, integrated, automated valve products or actuator systems, my country's product production capacity is relatively weak. The investment analysis of the industrial valve industry pointed out that in terms of related products such as oil exploration, petrochemical smelting, oil and gas transportation, and special automatic control valves for nuclear power, importing from abroad is still the main way for such high-end valve equipment.

From the perspective of product research and development, on the one hand, domestic product research and development capabilities and reliability are relatively backward, and on the other hand, because such products are related to economic security, high-end valve equipment research and development projects are often seen in major equipment technology projects. Included in the national major technological development projects. High-end valve equipment in the oil and gas industry, power industry, and chemical industry will become the investment focus of large domestic valve companies.

In general, after rapid development, my country's industrial valves have made great progress in product research and development, performance, quality, reliability, service, etc., and have produced more than 3,000 models and 40,000 specifications of industrial valves. product. It is expected that state-owned enterprises should focus on improving the system and mechanism, improve the modern enterprise system, and promote the healthy development of enterprises; private enterprises have made great progress after more than 30 years of hard work, but it is not easy to go to the next level. The above is the investment analysis of the industrial valve industry. content.