In the context of an average growth rate of 2.53% in industrial value added and a growth rate of 2.69% in manufacturing value added, the global output of industrial valve products reached 19.4 billion pieces in 2019. The proportion of industrial and papermaking has increased the most, and the demand in the oil and gas sector is relatively low. , The following is an analysis of the industrial layout of the industrial valve industry.
The continuous and steady growth of the global economic aggregate has driven the development of downstream industries such as oil and gas, electric power, water treatment, chemical industry, and urban construction. The analysis of the industrial valve industry pointed out that the global industrial valve industry has developed rapidly, and the industrial valve industry has also achieved rapid development. In 2019, the global industrial valve market has increased to 123.56 billion U.S. dollars.
The industrial layout of the industrial valve industry pointed out that my country's industrial valve market in 2019 was US$12 billion, accounting for 19.5% of the global market. According to the development speed and investment intensity of various domestic industries, the proportion of the domestic industrial valve market in the world is steadily increasing. In 2020, the global industrial valve market is about 64 billion U.S. dollars, and my country’s share will reach 20%-21%. The market size is approximately US$128-135 billion.
From the market level, 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 numerous industry enterprises. The industry as a whole presents a highly competitive situation and low market concentration. With the continuous increase of new entrants in the industry, competition will become more intense, and the profit level of the low-end valve market will also decline.
From the perspective of corporate layout, the domestic valve industry has accelerated its reshuffle, and large valve manufacturers may stand out in the future. On the one hand, small and micro enterprises with unstandardized operations and low core competitiveness have gradually withdrawn from the market, while the market share of large domestic valve companies has increased steadily. On the other hand, there is still a lot of room for improvement in the volume of domestic valve companies against international giants (only Neway’s revenue exceeds 2 billion yuan, and about 7-8 companies are between 1 billion and 2 billion yuan). The author believes that as the downstream market develops With the recovery and the improvement of the international competitiveness of enterprises, the domestic leading market share represented by Neway will continue to increase in 2020, and it is expected that the world's mid-to-high-end industrial valve leader will be born.
At present, my country's industrial valve manufacturers are mainly concentrated in Zhejiang, Jiangsu and Shanghai. There are already 26 valve companies trading in the Shenzhen, Shanghai, Hong Kong and New OTC markets. The industrial layout of the industrial valve industry pointed out that these 26 valve companies have different scales and different product types, which to a certain extent truly reflect the operating status of domestic valve companies. In 2019, 17 of the 26 companies mentioned above had revenues of more than 100 million yuan, of which Neway's revenue and net profit were in the leading position in the industry.
Our country has been able to produce more than 3,000 models and more than 40,000 specifications of industrial valve products. The categories include gate valves, globe valves, throttling valves, plug valves, ball valves, butterfly valves, diaphragm valves, check valves, safety valves, pressure reducing valves, traps and regulating valves, etc., totaling twelve categories. Petrochemical and coal chemical valve products, and long-distance pipeline matching valves are regarded as the key development work of new products in the industrial valve industry during the 13th Five-Year Plan period.
In general, my country's industrial valve companies are still small compared with foreign giants, and the market structure is relatively fragmented. my country’s industrial valve industry presents a pattern of overcapacity in low-end industrial valves, full competition in the mid-end industrial valve market, and monopoly by foreign companies in the high-end and special industrial valve markets. It is expected that the improvement of the downstream industry’s prosperity will drive the increase in related fixed asset investment. In turn, it drives the growth of industrial valve demand. The above is all the content of the industrial layout analysis of the industrial valve industry.