Government Support And Change Of The Market Environment Means What For Valve Industry?

China is one of the world’s fastest developed countries in valve market. Meanwhile there are some inevitable immature condition in updating and expanding when participating in the whole world competition. Although there are numerous constraints, but the market of China's valve market still has broad prospects, mainly due to policy support and the change of market environment.

1, the support of national policy

With the country accelerate the revitalization of equipment manufacturing step by step, the common basis of the development of the manufacturing industry will be further focused support.

The valve industry belongs to the equipment manufacturing industry. Equipment manufacturing is a strategic industry providing technical equipment for the different sectors of the national economy. It is closely related to capital-intensive technology, industrial upgrading, an important guarantee for technological progress and comprehensive national strength of the concentrated expression. Therefore, the state attaches great importance to the development of equipment manufacturing industry by taking policy measures to encourage and support over a longer period.

2, the strong market demand for valve products

The state-owned economic stable and sustained development and the gradual expansion of investment in fixed assets are advantage of the valve market demand. Especially several centuries’ construction of natural gas and electric power requires a lot of matched valve products such as pressure relief valve and butterfly valve. In addition, China is facing the era of industrialization, the petrochemical industry, power sector, metallurgy sector, chemical industry and urban construction will enhance the demand for valve products. For example, during the Eleventh Five period, the power industry required in large and medium-sized start projects for the prediction of the coal units totaled: Valve total demand of 153,000 tons, with an annual demand of 30,600 tons; valve of the total demand amount of 3.96 billion Yuan, the annual demand a $ 792 million Yuan.

3, After the accession to the WTO, with international trade threshold reduced as well as the adjustment of product structure in developed countries, China is becoming the world's largest factory, the manufacture of valve products are facing more room for development.

Therefore, as long as the companies can seize opportunities, strengthen R & D capability and constantly improve the technological content of products and product quality, there will be able to take the initiative in a broad market competition.