At present, China's annual turnover in the valve market is up to about 150 billion yuan, of which about 30000000000 yuan of the market is occupied by foreign valve enterprises. According to China's "11th Five-Year" development plan, China's valve industry, especially the valve companies that focus on the two main markets of water and construction, still have gaps in energy saving, environmental protection, safety and sustainable development strategy compared with those of advanced international enterprises.
Compared with the international advanced valve enterprises, China valve enterprises are mainly manifested in the following aspects: China's valve business is relatively small and its technology level is low, and China's valve brand competitiveness is relatively weak. If these problems are not solved in time, they will not only greatly affect the overall supporting level of China's valve industry, but also restrict the healthy growth of China's valve industry. The integration and reorganization of the valve enterprises is the process that the Chinese valve industry must pass through. Only through a large scale and large-scale integration of high quality assets, China valve enterprises can quickly set up a strong valve group.
During the "11th Five-Year", the total demand for domestic valves was estimated at 300 billion yuan. In addition, according to the needs of China's national economic development, the development of valves will focus on the development of new products for supporting valves, such as thermal power, nuclear power, hydropower, large-scale petrochemical industry, petroleum and natural gas gathering pipeline, coal liquefaction and metallurgy. The valve in the development of these new products, should pay attention to the promotion and application of new technology such as the development of the valve, high temperature and high pressure valve power plant and nuclear power plant valve applications by forge welding structure of vacuum electron beam welding technology and welding technology of shear extrusion technology; development of large long-distance pipeline application of the overall total ball diameter.
Valves are indispensable fluid control devices for all sectors of national economy, such as petroleum, chemical industry, power station, long-distance pipeline, shipbuilding, nuclear industry, cryogenic engineering, aerospace and offshore oil extraction.
After 20 years of development, there are more than 6000 valves of all sizes and valves in China. The number of valve enterprises ranks the first in the world, and 900 of them have annual output value of more than 5 million yuan. From the perspective of valve products, China's valve industry has now been able to produce more than ten kinds of products, such as gate valves, globe valves, ball valves, butterfly valves, safety valves, check valves, throttle valves, stopcock valves, pressure reducing valves, diaphragm valves, steam traps and emergency shut-off valves.