A valve is a pressure pipeline component. It is a device used to change the cross-section of the pipeline and the direction of the medium flow, control the pressure, flow rate, and temperature of the conveyed medium. It has functions such as guiding flow, blocking flow, regulating flow, preventing backflow, dividing flow or discharging pressure, and reducing pressure. It is widely used in all major fields of the national economy and is an important equipment in industries such as energy, petrochemicals, metallurgy, and power. It is also one of the key equipment in fixed assets such as machinery and pipelines.
Industry Development Background
The Chinese valve industry has gone through a process from technology introduction to independent innovation, and then to high-end, intelligent, and green development. In the early days, the valve industry relied on imports and had a relatively low technical level; after the reform and opening up, technology was gradually introduced and production capacity was enhanced; in the 21st century, technological innovation accelerated, and high-performance products were gradually domesticated; in recent years, with the support of national policies, the industry has accelerated the pace of intelligent manufacturing and green production, promoting technological upgrading and industrial transformation, and significantly enhancing the international competitiveness and sustainable development capacity of the valve industry.
Industry Policy Background
The summary of China's valve industry development plans reflects the multiple strategic goals the industry faces during the "14th Five-Year Plan" period, with key points including promoting efficient energy conservation, intelligence, greenness, and low-carbon development. Each plan clearly states that the valve industry needs to increase research and development investment, and enhance the energy efficiency, environmental friendliness, and intelligence level of valve technologies and products.
Industry Supply Status
From 2015 to 2018, due to factors such as sluggish mainstream demand markets and intensified industry competition, the output of valves in China showed a downward trend. In 2018, it was 486.3 million tons, which was the lowest point in recent years. Since 2019, the output of valves in China has remained between 560 and 700 million tons. Since 2021, the output has shown a slight upward trend. Preliminary statistics show that in 2023, the output of valves in China will be around 679 million tons.
Industry demand scale
Thanks to industrial development, urban construction, and global economic integration, the valve manufacturing industry in China has experienced rapid growth. In recent years, China's valve industry has made significant progress in terms of market size and technical level, but there is still a reliance on imported high-end products. According to GIA's data, the domestic valve market size in 2023 was 15.2 billion US dollars. Preliminary statistics show that the valve market size in China exceeded 16 billion US dollars in 2024.
Industry development prospects and trend predictions
1. Development trend: Direction towards intelligence, greenness, high-endness and internationalization.
The Chinese valve industry will develop in the directions of intelligence, greenness, high-endness and internationalization. Intelligent and digital technologies will enhance the precision and reliability of valve products, while green and low-carbon development will promote the research and development of environmentally friendly products and energy-saving technologies. High-end and customized production will meet the demands of industries such as ultra-high voltage, power, and oil and gas. At the same time, as domestic competition intensifies, the valve industry will accelerate its internationalization strategy, enhance its technological level and brand influence, and expand the global market. Overall, the industry will embrace new market opportunities through technological innovation and sustainable development.
2. Development Prospects: The valve industry will maintain steady growth.
With the growth of intelligent manufacturing, green development and high-end demands, the valve industry will encounter opportunities for technological innovation and product upgrading. Especially in fields such as energy, environmental protection, oil and gas, power, and nuclear energy, as the country's demand for efficient, energy-saving and environmentally friendly equipment increases, the valve industry will become an important component of key equipment. It is expected that by 2030, the market size of valves in China will exceed 22 billion US dollars, with an average annual compound growth rate of up to 6%.
Industry Cases