From January to May 2012, China’s output of valves hit 2.629 million tons, up 14.6 percent year-on-year, according to the new industry report China Valve Industry, 2011-2012, published by Research in China.
The report finds in 2012, amid the severe economic downturn in China, “steady growth” has once again become the focus of national policy, and fixed asset investments in such sectors as steel, water conservancy and hydropower, and railway have gradually resumed. The valve output in China is estimated to maintain stable growth in 2012 fueled by the investment.
This report highlights the output, regional distribution, import & export, and competition pattern of Chinese valve industry. It also analyzes the status quo and competitive landscape of market segments like metallurgy valve, nuclear power valve, air conditioning valve, and petrochemical valve, and predicts the market scale of these segments. Additionally, the report studies the operation of eight foreign valve corporations and 22 Chinese counterparts.
The technical reformation carried out in China’s steel industry poses higher requirements on the technology process of metallurgy valves. According to the scales of newly constructed and technological transformation projects in Chinese steel industry, it is expected that China’s demand for metallurgy valves will reach RMB345 million by 2015. Jiangsu Shentong Valve Co. Ltd., Shijiazhuang No.1 Valve Company Ltd., and Shijiazhuang Sanhuan Valve Co. Ltd. are the major manufacturers in China.
Nuclear Power Valve
Following the safety inspection of nuclear power generating units in 2011, China will restart the nuclear power project approval in 2012, when the nuclear valve market will begin to recover. The Chinese nuclear power valve market is predominantly occupied by foreign manufacturers, such as KSB and VELAN, and the competitive domestic players include Jiangsu Shentong Valve Co. Ltd., Dalian DV Valve Co. Ltd., and Wujiang Dongwu Machine Co. Ltd.
Air Conditioning Valve
In the air conditioning valve field, although there are signs of slackening in the growth rate of air-conditioner output in China in 2012, the market share of inverter air-conditioners is forecast to rise rapidly, which will bring about robust demand for its core component—electronic expansion valve. Zhejiang Sanhua Co. Ltd. and Zhejiang Dun’an Artificial Environmental Equipment Co. Ltd. dominated approximately 70 percent of the global market. Sanhua saw its sales volume of electronic expansion valves get to around 7 million sets in 2011.
The petrochemical industry is the largest valve consumer in China. The homemade general valves can basically meet the need of petrochemical production, but some special valves still depend on imports. The major players in this field are Neway Valve (Suzhou) Co. Ltd., Liangjing Group Valve Co. Ltd., and Lanzhou High Pressure Valve Co. Ltd.
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