A valve is a device that regulates, directs or controls the flow of fluid by opening, closing, or partially obstructing various passageways. A Valve is a key device in a fluid controlling system, which is generally applied in a liquid or gaseous fluid controlling environment. The major application fields include petroleum, natural gas, electric power, chemical industry, water supply and sewage treatment, papermaking, metallurgy, pharmacy and food producing. The development of the valve industry is closely related to the global economy because valves are widely applied to industries that involve fluid controlling.In 2018, the Global market Size of Valves was About USD 55 Billion, Representing a CAGR of About 3.50% from 2014 to 2018
Global leading valve manufacturers are concentrated in North America, Japan and Germany. Famous valve enterprises include Emerson, IMI, Kitz Group, Flowserve, GE, Cameron and KSB Group. They dominate the market through advanced technologies and worldwide manufacturing bases. Global valve market is fiercely competitive and is becoming increasingly concentrated because of mergers and reorganizations. To reduce costs, many world-famous valve manufacturers are closing down their factories in North America, Europe and Japan and moving to China, India, Southeast Asia, etc.
Since China joined the WTO, its valve industry has been developing rapidly. China has the largest number of valve manufacturers and the largest volume of valve production. Currently, about 50% of global valve parts are purchased from China. More finished valve products are purchased from China considering factors like OEM. China has become the largest valve exporter in the world, but it still needs to import a large quantity of medium-high end valves every year.
There are over 1,000 valve manufacturers in China. Zhejiang is the largest and leading pump valve manufacturing base and sales center in China. Most of the valve enterprises in Zhejiang are small-sized ones, of which less than 500 have annual sales revenue above CNY 20 million and less than 50 have annual sales revenue above CNY 100 billion. China’s valve market is fragmented, with CR10 below 10%.
In 2018, the production volume of valves in China was about 7.70 million tons, decreasing by about 2% YOY. Although the production volume is declining, the average price is increasing because the proportion of low-end products is decreasing. In recent years, the major driving forces for China’s valve market are industries such as central air conditioning, energy, electric power and metallurgy.
For example, the market size of central air-conditioning in China exceeded CNY 90 billion in 2018. And as the Chinese government increases the investment in nuclear power, the installed nuclear power capacity is expected to reach 75 million kilowatts at the end of 2020. A 1-million-kilowatt nuclear power project needs refrigeration equipment worth about CNY 150 million to CNY 200 million. In the coming decade, the market size of refrigeration equipment for nuclear power projects will exceed CNY 10 billion. Meanwhile, with the increasing fixed-asset investment, big projects such as the West-to-East Gas Piping Project and the South-to-North Water Diversion Project will need a large number of valves. In addition, with the advent of industrial automation, there is an increasing demand for valves from the petrochemical industry, electric power sector, metallurgy sector, chemical industry and urban construction.
The global economy is expected to grow in the next few years, which will push up fixed-asset investment and boost the valve market. As China accelerates urbanization, industrialization and infrastructure construction, fixed-asset investment will remain a major driving force for China’s economic development for a long period of time. And the development of electric power, chemical industry, metallurgy, papermaking and water treatment will stimulate the demand for valves in China. The Chinese government’s policies on promoting economic growth will also drive the development of China’s valve industry.
Topics covered:
- Development environment for global and China's valve industries
- Supply of and demand for valves
- Analysis of major valve manufacturers in the world
- Competition on the valve market
- Import and export of valves in China
- Driving forces and market opportunities for the valve industry
- Threats and challenges to global valve industry
- Prospect of global valve industry from 2019 to 2023
Table of Contents
1 Basic Concepts of Valves
1.1 Definition and Classification of Valves
1.1.1 Definition
1.1.2 Classification and Uses
1.1.3 Industry Chain of Valve Manufacturing
1.2 Overview of Global Valve Industry
1.2.1 Global Supply of Valves
1.2.2 Global Demand for Valves
1.3 Development Environment for Global and China's valve Industries, 2018-2023
1.3.1 Policy Environment
1.3.2 Economic Environment
1.4 Methodology
1.4.1 Parameters and Assumptions
1.4.2 Data Sources
1.4.3 About the Publisher
2 Supply of Valves in China, 2014-2018
2.1 Production
2.1.1 Production Capacity of Valves in China
2.1.2 Production Volume of Valves in China
2.2 Production Capacity and Production Volume of Valves by Type in China
2.3 Costs of Valve Production in China
2.3.1 Labor Costs
2.3.2 Raw Material Costs
3 Demand for Valves in China, 2014-2018
3.1 Major Factors Influencing the Demand for Valves in China
3.1.1 Government Policies
3.1.2 Economic Situation
3.2 Overview of Demand for Valves in China
3.2.1 Overall Demand
3.2.2 Valve Applications
3.3 Demand for Valves by Type in China, 2014-2018
3.3.1 Valves for Petrochemical Equipment
3.3.2 Valves for Urban Buildings and Heat Supply
3.3.3 Valves for Air-conditioners
3.3.4 Valves for Environmental Protection
3.3.5 Valves for Urban Gas Supply
3.3.6 Valves for Long-distance Oil and Natural Gas Pipelines
3.3.7 Valves for Power Stations
3.3.8 Valves for Metallurgy
3.3.9 Valves for Offshore Platforms
3.3.10 Other Valves
4 Competition on China's Valve Market, 2018-2019
4.1 Barriers to Entry in China's Valve Industry
4.1.1 Technical Barrier
4.1.2 Fund Barrier
4.1.3 Sales Channel Barrier
4.2 Competition Structure of China's Valve Industry
4.2.1 Bargaining Power of Upstream Suppliers
4.2.2 Bargaining Power of Downstream Customers
4.2.3 Competition in China's Valve Industry
4.2.4 Potential Entrants
4.2.5 Substitutes for Valves
5 Import and Export of Valves in China, 2014-2018
5.1 Analysis on Import of Valves in China
5.1.1 Overview of China's Valve Imports
5.1.2 Major Sources of China's Valve Imports
5.2 Analysis on Export of Valves in China
5.2.1 Overview of China's Valve Exports
5.2.2 Major Destinations for China's Valve Exports
6 Major Valve Manufacturers in China and the World, 2018-2019
6.1 Emerson
6.2 IMI
6.3 Kitz Group
6.4 Flowserve
6.5 KSB Group
6.6 GE
6.7 Crane Company
6.8 Metso
6.9 Cameron International Corporation
6.10 Danfoss Group
6.11 Johnson Controls
6.12 Neway Valve (Suzhou) Co., Ltd.
6.13 CNNC SUFA Technology Industry Co., Ltd.
6.14 Liangjing Group Co., Ltd.
6.15 Huanqiu Valve Group Co., Ltd.
6.16 Guangdong Mingzhu Group Co., Ltd.
6.17 Hubei Hongcheng General Machinery Co., Ltd.
6.18 Jiangsu Shentong Valve Co., Ltd.
6.19 Chaoda Valves Group Co., Ltd.
6.20 Shanghai Lianggong Valve Factory Co., Ltd.
6.21 Jiangnan Valve Co., Ltd.
6.22 Lanzhou High Pressure Valve Co., Ltd.
6.23 Ningbo Amico Copper Valves Manufacturing Inc.
6.24 Shanghai Shenfei Valve Manufacture Co., Ltd.
6.25 Wuzhou Valve Co., Ltd.
6.26 Zigong High Pressure Valve Co., Ltd.
6.27 Zhuzhou Southern Valve Co., Ltd.
6.28 Zhejiang Sanhua Intelligent Controls Co., Ltd.
6.29 Watts Water Technologies, Inc.
6.30 Azbil Group
6.31 Caleffi SPA
6.32 Nihon KOSO Co., Ltd.
7 Prospect of Global and China's Valve Industries, 2019-2023
7.1 Factors Influencing the Development of Global and China's Valve Industries, 2019-2023
7.1.1 Market Opportunities and Driving Forces
7.1.2 Threats and Challenges
7.2 Forecast on Supply of Valves in China and the World, 2019-2023
7.2.1 Forecast on Production Capacity and Production Volume of Valves
7.2.2 Forecast on Supply of Valves by Type
7.3 Forecast on Demand for Valves in China and the World, 2019-2023
7.3.1 Forecast on Overall Demand
7.3.2 Forecast on Demand by Market Segment
Charts
Chart: Production Volume of Valves in China, 2014-2018
Chart: Market Size of Valves in China, 2014-2018
Chart: Export Volume of Valves in China, 2014-2018
Chart: Operation Performance of Neway Valve (Suzhou) Co., Ltd., 2014-2019
Chart: Operation Performance of CNNC SUFA Technology Industry Co., Ltd., 2014-2018
Chart: Export Volumes of Some Valves in China in 2018
Chart: Forecast on Production Volume of Valves in China, 2019-2023
Chart: Forecast on Market Size of Valves in China, 2019-2023
Samples
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Companies Mentioned
- Azbil Group
- Caleffi SPA
- Cameron International Corporation
- Chaoda Valves Group Co., Ltd.
- CNNC SUFA Technology Industry Co., Ltd.
- Crane Company
- Danfoss Group
- Emerson
- Flowserve
- GE
- Guangdong Mingzhu Group Co., Ltd.
- Huanqiu Valve Group Co., Ltd.
- Hubei Hongcheng General Machinery Co., Ltd.
- IMI
- Jiangnan Valve Co., Ltd.
- Jiangsu Shentong Valve Co., Ltd.
- Johnson Controls
- Kitz Group
- KSB Group
- Lanzhou High Pressure Valve Co., Ltd.
- Liangjing Group Co., Ltd.
- Metso
- Neway Valve (Suzhou) Co., Ltd.
- Nihon KOSO Co., Ltd.
- Ningbo Amico Copper Valves Manufacturing Inc.
- Shanghai Lianggong Valve Factory Co., Ltd.
- Shanghai Shenfei Valve Manufacture Co., Ltd.
- Watts Water Technologies, Inc.
- Wuzhou Valve Co., Ltd.
- Zhejiang Sanhua Intelligent Controls Co., Ltd.
- Zhuzhou Southern Valve Co., Ltd.
- Zigong High Pressure Valve Co., Ltd.
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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