Industrial valve is an important accessory for controlling the flow of medium in industrial pipeline. China's industrial valve has a wide range of applications. About 80% of the demand in 2020 comes from the renewal market. The industrial market scale reaches 210.942 billion yuan, and the growth rate remains at 10% - 6%. The following is the analysis of the investment in the industrial valve industry.
The global industrial valve market is mainly concentrated in countries and regions with relatively developed economy and industry. According to the analysis data of industrial valve industry, the 10 most important industrial valve consumers in the world in 2021 are the United States, China, Japan, Russia, Germany, India, Brazil, Saudi Arabia, France and South Korea. Among them, the top three valve markets in the United States, China and Japan are US $8.848 billion, US $7.346 billion and US $2.791 billion respectively.
The investment analysis of industrial valve industry points out that China's industrial valves are mainly used to adjust the process parameters such as medium flow, pressure, temperature and liquid level in the field of industrial automation process control. In 2021, the demand structure of industrial valves in China changed greatly, and the proportion of chemical industry and papermaking increased most significantly. Among them, the demand in the oil and gas field is relatively low, but the proportion is increasing, from 8.52% in 2012 to 14.70% in 2017.
By December 2021, the market scale of China's industrial valve industry has reached 210.942 billion yuan. From the market level, most domestic valve enterprises are in the low-end market of the valve industry. The valve products in the low-end market have strong universality, low technical content, low entry threshold, many industry enterprises, high competition in the industry as a whole, and low market concentration. With the increasing number 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 1806 industrial valve enterprises above Designated Size in China (enterprises with an annual sales revenue of more than 20 million yuan). It is calculated that the 30 valve enterprises that have been listed account for only 1.66% of the total. According to the annual report data disclosed by the above 30 companies, there are 18 large enterprises with sales of more than 100 million yuan in 2020, accounting for 60% of the total.
From the perspective of product structure, China's industrial valve products are mostly concentrated in medium and low-end products, while for systematic, integrated and automatic valve products or actuator systems, China's product production capacity is relatively weak. The investment analysis of industrial valve industry points out that in terms of oil exploitation, petrochemical smelting, oil and gas transportation, nuclear power special automatic control valves and other related products, importing from abroad is still the main way of this kind of high-end valve equipment.
From the perspective of product R & D, on the one hand, due to the relatively backward R & D capacity and reliability of domestic products, on the other hand, because such products are related to economic security, in major equipment technology projects, it can often be seen that high-end valve equipment R & D projects are included in the major national technological development projects. High end valve equipment in oil and gas industry, power industry and chemical industry will become the investment focus of large domestic valve enterprises.
In general, China's industrial valves have made great progress in product R & D, performance, quality, reliability and service after rapid development. It has produced more than 3000 models and 40000 specifications of industrial valve products. It is expected that state-owned enterprises should strive to improve the system and mechanism, improve the modern enterprise system and promote the healthy development of enterprises; After more than 30 years of hard work, private enterprises have made great development, but it is not easy to go to another level. The above is all the contents of the investment analysis of the industrial valve industry.
