China Industrial Valve Market Research Report 2023

China Industrial Valve Market Synopsis

China Industrial Valve is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

• China's growing industrial sector fuelled by rapid urbanization and industrialization has been a major driver of valve market demand. Industrial valves play an important role in controlling the flow of liquids and gases in various industries, including oil and gas, power generation, water treatment, and manufacturing.
• As the Chinese government has focused on infrastructure development and energy projects, the demand for industrial valves has increased. Both domestic and international valve manufacturers have actively participated in this market, which has led to increased competition and technological development. In particular, Chinese valve manufacturers are in a strong position, benefiting from their lower production costs and increasing emphasis on quality and innovation.
• The China Industrial Valve Market has faced several challenges, including environmental issues, overcapacity, and fluctuating raw material prices. However, the market's prospects remained optimistic due to the country's continued economic growth and ongoing industrial projects.

Top Key Players:

"Sanhua Valve (China), Yuanda Valve (China), Neway Valve (China), Zhejiang Chaoda Valve (China), Shanghai Shengchang Automatic Control Valve (China), Sichuan Zigong High-Pressure Valve (China), Qinhuangdao Special Steel Valve (China), Wenzhou Crane Valve (China), Beijing Detaike Valve (China), Ningbo Amico Valve (China), Suzhou Xintai Valve (China), Shandong Jinan Valve (China), Zhejiang Jiangnan Valve (China), Anhui Xinfeng Valve (China), Fengcheng Hanyang Industry (China), Zhejiang Xingye Valve (China), Jiangsu Fuxing Valve (China), Zhejiang Xinxing Valve (China), Hebei Jiuhua Valve (China), Zhejiang Jiuzhou Valve (China) and other major players."

China Industrial Valve Market Trend Analysis

Competitive Edge as Lower Costs, Innovation

• China's local valve manufacturers have gained a competitive advantage by strategically focusing on two key factors: lower production costs and an emphasis on quality and innovation. Lower production costs resulted from several factors, such as the availability of abundant raw materials, cost-effective labour, and streamlined production processes. Thanks to this cost advantage, Chinese valve manufacturers have been able to offer their products at competitive prices, attracting both domestic and international buyers.
• At the same time, Chinese valve manufacturers realized the importance of quality and innovation to maintain a strong market position. By investing in research and development, they have introduced advanced technology and improved designs to meet the changing needs of various industries. The emphasis on quality assurance has also helped build credibility and trust among customers and strengthened their reputation in both the domestic and international markets.
• As a result of these strategies, China's local valve manufacturers have risen, holding a significant share of the domestic market and successfully expanding their reach across national borders. The combination of low costs and commitment to continuous improvement has strengthened their competitive advantage and positioned them as a key player in the global industrial valve industry.

BRI Opens Markets for Valves

• China's Belt and Road Initiative (BRI) offers promising opportunities for valve manufacturers to enter emerging markets along economic corridors. The BRI is an ambitious global infrastructure project launched by China to improve connectivity and trade between Asia, Europe and Africa.
• By building roads, railways, ports and other essential infrastructure, the BRI facilitates the movement of goods and services between participating countries. Due to rapid economic development and industrial growth in these regions, the demand for industrial valves is increasing in various sectors including oil and gas, electricity and water supply.
• Chinese valve manufacturers can take advantage of the growing economic reach of the BRI to establish business links and supply their products to this emerging market. By focusing their offerings on the infrastructure projects and industrial needs of the BRI countries, Chinese valve manufacturers can take advantage of new growth opportunities and expand their global presence.

China Industrial Valve Market Segment Analysis:

China Industrial Valve Market segments covers the Type, Material, Size, Application, and Function. By Type, the Gate segment is Anticipated to Dominate the Market Over the Forecast Period.

• In China's Industrial Valve Market, the damper segment plays a key role in controlling the flow of liquids and gases in various industrial applications. Gates are widely used due to their efficient closing characteristics, making them ideal for applications that require full flow control or full shutdown. They are widely used in industries such as oil and gas, petrochemical, water treatment and power generation.
• China's demand for gate valves is driven by the country's rapid industrialization and urbanization, leading to increased infrastructure projects and energy needs. As the government is focusing on developing key sectors and improving the country's infrastructure, the slide valve segment has grown significantly
• As China continues to be a major player in the global Industrial Valve Market, the gate valve segment is poised for continued growth due to continued economic growth and increasing demand for efficient fluid management solutions across various industries.

As shown in the graph, China's industrial production experienced steady growth over the past decade, with a 3.6 percent increase in 2022 compared to the previous year.

China Industrial Valve Market Country Insights:

• Located in eastern China, Shandong Province plays an important role in the country's Industrial Valve Market. Known for its strong manufacturing sector and economic prowess, Shandong hosts several prominent valve manufacturing companies that supply a wide range of valves to various industries. The province's strategic location and well-developed transport infrastructure enable efficient distribution of valves to domestic and international markets.
• The industrial valves market in Shandong benefits from the region's diverse industrial landscape, which includes oil and gas, petrochemicals, power generation, and water treatment, among others. As the Chinese government focuses on infrastructure development and energy projects, demand for industrial valves has increased in the province.
• As the industrial sector in the Shandong region is booming, the local valve industry is likely to experience continued growth. Leveraging its manufacturing expertise and export-oriented approach, Shandong is well-positioned to remain a key player in China Industrial Valve Market, contributing to the country's economic growth and global presence.

COVID-19 Impact Analysis on China Industrial Valve Market

• The COVID-19 pandemic has had a major negative impact on the China Industrial Valve Market. As the virus spread globally, it disrupted supply chains, halted production operations, and caused a drop in demand for industrial valves in various sectors. Travel restrictions and lockdown measures have hindered the movement of goods and personnel and affected the supply of raw materials and finished products.
• The pandemic has also slowed industrial activity, especially in sectors such as oil and gas, manufacturing and construction, which are the main consumers of industrial valves. Many industrial projects were stopped or delayed, which led to a decrease in valve orders. In addition, the financial uncertainty caused by the pandemic caused companies to spend cautiously, which further affected the demand for industrial equipment.
• Export-oriented Chinese valve manufacturers have faced challenges in the international market due to logistical disruptions and declining global demand. The pandemic has also caused other countries to reassess their supply chains, which could lead to a shift away from China as a manufacturing base.

Top Key Players Covered in The China Industrial Valve Market

• Sanhua Valve (China)
• Yuanda Valve (China)
• Neway Valve (China)
• Zhejiang Chaoda Valve (China)
• Shanghai Shengchang Automatic Control Valve (China)
• Sichuan Zigong High-Pressure Valve (China)
• Qinhuangdao Special Steel Valve (China)
• Wenzhou Crane Valve (China)
• Beijing Detaike Valve (China)
• Ningbo Amico Valve (China)
• Suzhou Xintai Valve (China)
• Shandong Jinan Valve (China)
• Zhejiang Jiangnan Valve (China)
• Anhui Xinfeng Valve (China)
• Fengcheng Hanyang Industry (China)
• Zhejiang Xingye Valve (China)
• Jiangsu Fuxing Valve (China)
• Zhejiang Xinxing Valve (China)
• Hebei Jiuhua Valve (China)
• Zhejiang Jiuzhou Valve (China)

Key Industry Developments in the China Industrial Valve Market

In May 2023, Neway Valve reached an important milestone in China by developing the country's first 20-inch class 2500LB metal seal emergency stop valve after three years of dedicated efforts by the research and development team. This success fills an important void in the home industry. High-pressure check valve ball valves are essential in offshore platform construction, allowing emergency shut-off within 10 seconds to prevent leaks during offshore oil drilling.