In China's current valve market, while low-pressure valves have reached a level that is acceptable to the international market, high-pressure valves still depend heavily on imports. Despite an optimistic macroeconomic outlook, most production and sales indicators in the valve industry have shown rapid growth. However, due to intense price competition, industry revenue and profits have significantly declined compared to the previous year. With the global economy recovering, China's import and export of valve products have increased, but so has the competition in the international valve market.
Currently, there remains a significant technological gap between Chinese valve manufacturers and their foreign counterparts, particularly in high-end and large-scale products. As a result, product technology is expected to become a major bottleneck for the development of China’s valve industry in the coming period. Therefore, improving the technical level and quality of valve products is crucial for the next major breakthrough in the industry.
The sluggish development of the valve sector has led to outdated products, which is a key factor hindering the progress of China’s valve industry. During an interview with reporters, Ding Qi, General Manager of Chengdu Chengfeng Valve Co., Ltd., emphasized this issue. He shared an example from this year’s "West-East Gas Pipeline" project, where numerous domestic and foreign valve companies participated in bidding for the main pipeline. However, only one domestic valve company managed to secure the contract. Although another local company performed well in the regional project, it was not enough to make domestic valves proud.
Industry insiders pointed out that most local valve companies missed the opportunity during the "West-East Gas Pipeline" project, which was seen as a shame for the industry. Many local valve enterprises failed to participate, not only due to environmental factors, but also because of outdated equipment, low specialization, and limited market size—factors that continue to restrict the development of the valve industry.
There is a noticeable gap between domestic and foreign valve companies, and even within China, the mainland valve industry lags behind its coastal counterparts. The mainland industry started at a lower level, with smaller scale, less specialization, and lower marketization, which has widened the gap and caused imbalanced development across the country.
To overcome these challenges and break free from the current predicament, domestic valve companies must take proactive measures. It is reported that foreign capital will gradually enter the Chinese valve market, providing a strong stimulus for domestic firms. In response, it is essential for local companies to introduce advanced foreign equipment and technology to better compete with international players. At the same time, they should actively engage in the global market by investing in overseas ventures, establishing production bases abroad, and sending technical and management personnel to meet foreign project needs. These strategies can help Chinese valve companies gain a stronger foothold in the global market.
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