According to the data released by China Customs, from January to may 2018, China imported 427.96 million sets of valves, an increase of 2.5% over the same period last year, and the import amount reached US $301197200, an increase of 27.3% over the same period last year.

In the development of national economy, valve as an important part of mechanical equipment manufacturing industry, has a very important role. As a subdivision of the manufacturing industry, the valve industry has been widely used in electric power, metallurgy, petrochemical, natural gas, environmental protection and other industries.

The continuous increase of global population and the growing demand for energy have led to a large number of valve products. As a developing country, China's rapid economic growth has greatly promoted the development of downstream industries such as oil and gas valves, and has gradually become a new engine for the development of valve industry.

For example, in the natural gas industry, the 13th five year plan for natural gas development points out that during the 13th Five Year Plan period, 40000 km of trunk and supporting natural gas pipelines will be built nationwide, with a total mileage of 104000 km by 2020; in the oil industry, the 13th five year plan for oil development points out that about 5000 km of crude oil pipelines and finished oil pipelines will be built during the 13th Five Year Plan period By 2020, 32000 km of crude oil pipelines and 33000 km of product oil pipelines will have been built. A large number of valve products will be used during the construction of natural gas and oil pipelines, which will promote the greater development of China's valve industry.

It can be said that at present, China's valve industry is in a very favorable period of development. According to statistics, there are more than 3000 valve manufacturers in China, ranking the first in the world. They can produce gate valve, globe valve, throttle valve, ball valve, butterfly valve, diaphragm valve, plug valve, check valve, control valve and other valve products of various models and specifications to meet the needs of different industries.

However, most of the valve enterprises in China are low-level, small-scale and family workshop enterprises, which have problems such as low industrial concentration, backward technology, low product quality and lack of influential brands. In the middle and high-end valve market, the development of middle and high-end valve products in China is still insufficient. The market is still dominated by international well-known enterprises, and the share of Chinese valve enterprises is very low. This means that China's valve industry has a huge market development potential.

With the development of science and technology, the level of valve technology and material technology continue to improve, some domestic valve enterprises and research institutes are investing a lot of money in the research and development of high-end valve products. For example, the high-end valve developed by institute 11 of China Aerospace Science and Technology Group Sixth Research Institute has won the bid for oil pipeline projects in Sinopec, CNOOC and local oil refining markets, defeated the largest U.S. plug valve manufacturer in the world, broke its monopoly situation in China's oil pipeline market, and ensured the safety of national energy supply.

With the rapid development of China's economy and the continuous growth of national investment in oil, natural gas, petrochemical, environmental protection, electric power and other fields, the scale of China's valve market will maintain rapid growth. According to the investment analysis and prospect forecast report of China's valve industry from 2017 to 2021 released by CIC consultants, it is estimated that the annual compound growth rate of China's valve industry in the next five years (2017-2021) will be about 1.97%, and the valve output will reach 8.86 million tons in 2021.

In today's increasingly fierce competition in the valve industry, valve enterprises should always maintain a sense of crisis, aim at the market demand, strive to improve the ability of technological innovation in the research and development of valve products, move forward to the middle and high-end market, strive to improve the quality and technology of valve products, and develop new high-end intelligent valve products, so as to obtain more opportunities in the huge market demand and boost our development China's valve manufacturing industry from a big manufacturing country to a powerful manufacturing country!