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 rely 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. Yet, competition in the international valve market has also intensified. The gap between Chinese valve manufacturers and their foreign counterparts, especially in high-end technology and large-scale production, remains significant. As a result, technological advancement will become a key bottleneck in the development of China’s valve industry in the coming period.
Improving the quality and technical level of domestic valves is therefore a critical issue for the future development of China’s valve industry. According to Ding Qi, General Manager of Chengdu Cheng Feng Valve Co., Ltd., the sluggish performance of the valve industry has led to the backwardness of its products, which is a major obstacle to further development.
During an interview, Ding shared an example from this year’s "West-East Gas Pipeline" project. Many domestic and foreign valve companies participated in the bidding for the main pipeline, which required a large number of valves. However, only one domestic company managed to secure the 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 opportunity, which was considered a shame for the sector.
Several factors contribute to this situation, including outdated equipment, low specialization, and limited market size. Additionally, there is a noticeable gap between the mainland and coastal regions in terms of scale, specialization, and marketization. This disparity has widened the gap between domestic and foreign manufacturers and hindered balanced industry growth.
To overcome these challenges, domestic valve companies must take proactive steps. It is expected that foreign capital will increasingly enter the Chinese valve market, providing a strong stimulus. In response, domestic firms should invest in advanced foreign technologies and equipment to strengthen their competitive position. At the same time, they should actively engage in the international market by learning from global best practices in capital, technology, and management.
Options such as establishing joint ventures abroad, setting up overseas production facilities, and sending technical and managerial personnel to meet foreign project needs are all viable strategies for long-term development.
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