Under the background that the average growth rate of industrial growth value is 2.53% and the growth rate of manufacturing value-added is 2.69%, the global output of industrial valve products will reach 19.4 billion in 2021, the proportion of industry and papermaking will increase most significantly, and the demand in the oil and gas field is relatively low. The following is the analysis of the industrial layout of the industrial valve industry.
The sustained and stable growth of global economic aggregate has driven the development of downstream industries of industrial valves such as oil and gas, electric power, water treatment, chemical industry and urban construction. The analysis of the industrial valve industry points out that the global industrial valve industry has developed rapidly, and the industrial valve industry has also achieved rapid development. In 2019, the scale of the global industrial valve market increased to $123.56 billion.
The industrial layout of the industrial valve industry points out that in 2019, the scale of China's industrial valve market was US $12 billion, accounting for 19.5% of the world. According to the development speed and investment intensity of various domestic industries, the proportion of domestic industrial valve market in the world is steadily increasing. In 2020, the global industrial valve market will be about 64 billion US dollars, and China's proportion will reach 20% - 21%, so the domestic market will be about 12.8-13.5 billion US dollars in 2020.
From the market level, most domestic valve enterprises are in the low-end market of the valve industry. The valve products in the low-end market have strong universality, low technical content, low entry threshold, many industry enterprises, high competition in the industry as a whole, and low market concentration. With the increasing number of new entrants in the industry, the competition will be more intense, and the profit level of the low-end valve market will also decline.
From the perspective of enterprise layout, the domestic valve industry will accelerate 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 withdrew from the market, while the market share of large domestic valve enterprises increased steadily. On the other hand, the volume of domestic valve enterprises still has great room to improve compared with international giants (only newway has a revenue of more than 2 billion yuan, and about 7-8 companies have a revenue of 1-2 billion yuan). The author believes that with the recovery of the downstream market and the improvement of the international competitiveness of enterprises, the share of domestic leading market represented by newway will continue to increase in 2020, which is expected to produce a global leader in medium and high-end industrial valves.
At present, China's industrial valve manufacturers are mainly concentrated in Zhejiang, Jiangsu and Shanghai, and 26 valve companies have traded in Shenzhen, Shanghai, Hong Kong and the new third board market respectively. The industrial layout of the industrial valve industry points out that the 26 valve companies have different scales and different product types, which truly reflects the business status of domestic valve enterprises to a certain extent. In 2019, 17 of the above-mentioned 26 enterprises had a revenue of more than 100 million yuan, of which newway's revenue and net profit were in the leading position in the industry.
At present, China's industrial valve manufacturers are mainly concentrated in Zhejiang, Jiangsu and Shanghai, and 26 valve companies have traded in Shenzhen, Shanghai, Hong Kong and the new third board market respectively. The industrial layout of the industrial valve industry points out that the 26 valve companies have different scales and different product types, which truly reflects the business status of domestic valve enterprises to a certain extent. In 2019, 17 of the above-mentioned 26 enterprises had a revenue of more than 100 million yuan, of which newway's revenue and net profit were in the leading position in the industry.
Generally speaking, the size of China's industrial giants is still relatively small. 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 relevant fixed asset investment and the growth of industrial valve demand. The above is all the contents of the industrial layout analysis of the industrial valve industry.
