Under the background that the average growth rate of industrial growth value is 2.53% and the growth rate of manufacturing value is 2.69%, the global output of industrial valve products will reach 19.4 billion pieces in 2019, the proportion of industry and papermaking will increase most obviously, and the demand of oil and gas field will be relatively low. The following is the analysis of industrial layout of industrial valve industry.
The sustained and stable growth of global economic aggregate has driven the development of downstream industries such as oil and gas, electric power, water treatment, chemical industry, urban construction, etc. Industrial valve industry analysis points out that the global industrial valve industry is developing rapidly, and the industrial valve industry has also made rapid development. In 2019, the global industrial valve market scale will increase to 123.56 billion US dollars.
It is pointed out that the industrial scale of valves in China will be 12.05 billion US dollars in 2019. According to the development speed and investment intensity of domestic industries, the proportion of domestic industrial valve market scale in the world is steadily increasing. In 2020, the global industrial valve market scale is about 64 billion US dollars, and China's proportion will reach 20% - 21%, so the domestic market scale in 2020 will be about 12.8-13.5 billion US dollars.
From the market level, most domestic valve enterprises are in the low-end market of valve industry. The valve products in the low-end market have strong universality, low technology content, low entry threshold, and many enterprises in the industry. The industry as a whole is highly competitive, and the market concentration is very low. With the increasing number of new entrants in the industry, the competition will be more intense, and the profit level of low-end valve market will also decline.
From the perspective of enterprise layout, the domestic valve industry is speeding up the reshuffle, and large valve manufacturers may stand out in the future. On the one hand, small and micro enterprises with less standardized operation and low core competitiveness gradually withdraw from the market, while the market share of domestic large valve enterprises has increased steadily. On the other hand, the volume of domestic valve enterprises still has a large room to improve compared with international giants (only newway's revenue exceeds 2 billion yuan, about 7-8 companies in 1-2 billion yuan). The author believes that with the recovery of downstream market and the improvement of enterprise's international competitiveness, the share of domestic leading market represented by newway will continue to increase in 2020, and it is expected to be the world's leading enterprise in high-end industrial valves.
At present, China's industrial valve manufacturers are mainly concentrated in Zhejiang, Jiangsu and Shanghai. There are 26 valve companies trading in Shenzhen, Shanghai, Hong Kong and new third board markets respectively. According to the industrial layout of industrial valve industry, these 26 valve companies are large and small in scale, with different product types, which to a certain extent truly reflects the operation status of domestic valve enterprises. In 2019, 17 of the above 26 enterprises have a revenue of more than 100 million yuan, among which newway's revenue and net profit are in the leading position in the industry.
China has been able to produce more than 3000 models, more than 40000 specifications of industrial valve products. The categories include gate valve, globe valve, throttle valve, plug valve, ball valve, butterfly valve, diaphragm valve, check valve, safety valve, pressure reducing valve, drain valve and regulating valve, etc., with a total of 12 categories. Petrochemical and coal chemical valve products, long-distance pipeline supporting valves are regarded as the "13th five year plan" industrial valve industry new product development work.
In general, China's valve market is still relatively small compared with that of foreign industrial giants. China's industrial valve industry presents a pattern of overcapacity of low-end industrial valves, full competition in the middle end industrial valve market, and monopoly of foreign enterprises in the high-end and special industrial valve market. It is expected that the improvement of the prosperity of the downstream industry will drive the increase of related fixed asset investment, and further drive the growth of industrial valve demand. The above is the industrial layout analysis of the industrial valve industry The content has changed.
