Chinese valve industry

In the past decade, the Chinese valve industry has completed a strategic transformation from 'scale expansion' to 'high-quality development'. The market size continues to grow, with the industry reaching 200 billion yuan in 2019 and maintaining a steady growth trend in the future. The export scale has fluctuated and rebounded, with an export volume of 4.374 billion sets in 2023 and 5.411 billion sets in 2024, accelerating the internationalization layout. Significant technological upgrades have been made, with the localization rate of high-end special valves increasing from less than 50% five years ago to over 60%. Domestic substitution has been achieved in scenarios such as nuclear power and deep-sea oil and gas, but the overall technological level still lags behind the international advanced level. The development direction is clear, and the industry has entered a new stage of 'high-end, intelligent, and green' triple drive. The application scenarios have expanded from traditional fields such as petrochemicals and energy and power to emerging markets such as hydrogen energy storage and transportation. The competitive landscape has been optimized, with top enterprises accounting for less than 30% of the market share, and the industry showing characteristics of 'large but not strong, small but scattered', with a gradual increase in concentration. The favorable policy environment, the 'dual carbon' strategy, and the localization policy of high-end equipment have promoted the industry's transformation from 'extensive manufacturing' to 'lean quality'. Overall, the Chinese valve industry is upgrading from 'industrial accessories' to 'intelligent fluid control core', driven by both technological innovation and industrial upgrading, providing key support for multiple fields such as energy, chemical, and water.