In China's current valve market, while low-pressure valves have reached a level that is acceptable in the international market, high-pressure valves still rely heavily on imports. Despite the continued optimism in the macro economy, most production and sales indicators of the valve industry have shown rapid growth. However, due to intense price competition, sales revenue and profits have declined significantly 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. Domestic manufacturers still face a significant technological gap compared to their foreign counterparts, especially in high-end and large-scale valve production. As a result, product technology is expected to become a major bottleneck for the development of China's valve industry in the coming period.
Improving the technical level and quality of valve products has therefore become a key challenge for the Chinese valve industry to achieve its next major breakthrough. The sluggish performance of the industry has contributed to the backwardness of domestic valve products, which remains a critical factor limiting their development.
According to reports from the valve industry, Ding Qi, General Manager of Chengdu Cheng Feng Valve Co., Ltd., stated that the backwardness of valve products is an important issue affecting the industry. When discussing this problem, Ding provided an example: during the "West-East Gas Pipeline" project, several domestic and foreign valve companies participated in bidding for the main pipeline. However, only one local company managed to secure a contract. Although He Jia Valve performed well in the regional project, it was not enough to make domestic valves proud.
Industry insiders noted that most local valve companies missed out on the "West-East Gas Pipeline" project, which is considered a major setback for the industry. Many local valve enterprises failed to secure contracts, not only due to environmental factors but also because of outdated equipment, low specialization, and limited market size—factors that continue to hinder the development of the valve industry.
There is a noticeable gap between mainland and coastal valve companies. The mainland industry started with a lower base, smaller scale, and less specialization, leading to a slower pace of marketization. This has widened the gap between the two regions and caused uneven development within the domestic valve industry.
To overcome these challenges and break free from the existing constraints, the domestic valve industry must take appropriate measures. It is expected that foreign capital will increasingly enter the Chinese valve market, providing a strong stimulus for domestic companies. In response, it is imperative for local firms to introduce advanced foreign equipment and technology to better compete with international players.
At the same time, domestic valve companies should actively engage in the international market by learning from foreign experiences through elements such as capital, technology, and management. Establishing joint ventures abroad, setting up overseas production bases, and sending technical and management personnel to meet foreign project needs are all viable strategies for long-term growth and competitiveness.
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