A Brief Analysis of the Development of Chinese Valves in the First Half of 2016

During the “Eleventh Five-Year Plan” period, relevant departments of the National Development and Reform Commission and other countries proposed the “plan to gradually realize the localization of major equipment and valves”, which proposed the realization of localization of valves for millions of kilowatts of nuclear power plants, and valves for millions of tons of large-scale ethylene plants. . Through the introduction of key technologies and self-development, and give preferential treatment in laws and policies. By the end of the “Eleventh Five-Year Plan”, the localization rate of valve products on large-scale ethylene special valves has reached 95-100%; the special valves for coal chemical industry are mainly for high-temperature hydrogenation. The key is to solve the material sealing pair, and some control drives have also reached 90 More than %; Ultra-supercritical thermal power plant technology, etc., the proportion of localization of the valve to reach 80% -100%; localization of the valve industry has made gratifying progress.

During the "12th Five-Year Plan" period, China's valve industry has made considerable progress. According to statistics, in 2015, there were 1,806 large-scale enterprises (companies with an annual sales income of over 20 million yuan). Total assets of 194.8 billion yuan, an increase of 2.01%; production of 9.941 million tons of valves, an increase of 1.32%; realized main business income of 256.6 billion yuan, a year-on-year decrease of 0.47%; total profit of 17.2 billion yuan, a year-on-year decrease of 5.78%; 6.7%; valve product price index 98.5%; completed export delivery value of 34.4 billion yuan, a year-on-year decrease of 8.58%.

Through the introduction of technology, digestion and absorption, and independent development, as well as technological transformation, the industry has generally improved the level of product development, design, and manufacturing. At present, it has produced more than 3,000 models and more than 40,000 valve products. The overall level has reached the level of the international moderately developed countries, and a few products have reached or approached the international advanced level. The detection methods and test conditions of conventional valves are already available; individual test benches for special valves, such as high-temperature tests, ultra-low temperature tests and safety valve full-performance test benches for nuclear power plants (steam discharge 660 T/h) have also been completed.

After digestion and absorption of imported technology and independent research and development, especially after the "Twelfth Five-Year Plan" during the development of the ultra-supercritical thermal valve localization research, China's thermal power valve manufacturing standards and product quality have greatly improved for the super-critical And ultra-supercritical thermal power units provide a large number of key valves.

During the “Thirteenth Five-Year Plan” period, the valve industry needs to achieve scientific development and take the lead in development, and seize domestic and foreign market opportunities to accelerate development. Integrate with “Internet+” to seamlessly connect “Made in China 2025” with the Belt and Road. In the development of new product cycles, companies must combine market demand, clarify product use conditions; increase investment in technological innovation, develop high-end intelligent valve new products, and achieve industrial transformation and upgrading.

China valve industry application areas and market demand trends

At present, the main valve applications include: oil and gas, electricity, chemicals, tap water and sewage treatment, paper making, metallurgy and other industries; among them, oil and gas, energy, electricity, and chemical fields are the most important applications of valves. According to market forecasting agency McIlvaine, the demand for industrial valves will reach 100 billion U.S. dollars by 2030, among which the energy demand of developing countries will be the main factor driving the development of demand; China's industrial valve industry market is expected to be between 2015 and 2017. The growth rate of the scale will also be stable at about 7%, which is much higher than the growth rate of the global industrial valve industry.

China's valve industry welcomes new developments mainly due to the "Made in China 2025" plan and the "Thirteenth Five-Year Plan":

Reheater safety valve, main steam gate valve, high-pressure three-way valve, main steam safety valve and high-low pressure bypass control valve of key valves of large-scale super (super) critical thermal power units;

Key valves for large-scale nuclear power plants: 1 million kilowatt-class pressurized water reactor main steam isolation valve, regulator proportional spray valve, blast valve, main steam safety valve, and regulator safety valve;

Petrochemical and coal chemical valves for large-diameter high-temperature high-pressure hydrogenation valve, four-way bellows switch ball valve, high-pressure wear-resistant regulating valve, pilot-operated safety valve and ultra-low temperature safety valve;

56 long-term high-pressure welded ball valves, forced-seal valves, high-pressure plug valves, cryogenic ball valves for liquefied natural gas, cryogenic butterfly valves for liquefied natural gas, and cryogenic axial flow check valves for liquefied natural gas are used for long-distance natural gas pipelines and valves for liquefied natural gas installations.

According to Valve World's statistics, among the global market demand for industrial valves, the oil and natural gas sector including drilling, mining, transportation, and petrochemical accounts for the highest proportion, reaching 37.40%, followed by the demand in the fields of energy, power, and chemicals, each accounting for global industrial valves. Market demand was 21.30% and 11.50%. Market demand in the top three areas accounted for 70.20% of total market demand. In the field of domestic industrial valve applications, chemical industry, energy, electricity and oil and natural gas industries are also the most important market for valve sales. The market demand for their valves accounts for 25.70%, 20.10% and 14.70% of the total domestic industrial market demand, respectively. 60.50% of the total market demand.

Analysis of the favorable factors for the development of China's valve industry

The outlook is excellent

With the continuous improvement of valve technology, the continuous expansion of the field of valve use, and the corresponding valve standards are becoming more and more indispensable. Valve industry products have entered a period of innovation, not only the product category needs to be replaced and replaced, internal management also needs to deepen the reform according to industry standards. As the pace of valve industry restructuring continues to accelerate, the future competition between the valve industry will be the product quality and safety of valve products and the competition between product brands, the product will be high-tech, high-parameter, high corrosion resistance, high life direction. The domestic valve manufacturing industry will also present a very good development prospect under the huge demand environment.

New growth point

For a long time, the energy industry's demand for valves has maintained a solid and stable growth rate. The total power generation of thermal power stations and nuclear power stations built around the world is 2,679,030 MW, and that of the United States is 743,391 MW. The power generation of new power station projects in other countries is 780,000 MW, which will increase by 40% in the next few years. The energy market in Europe, South America, Asia, and especially China will become the new growth point for the valve market. The chemical industry ranks first in the industry with an output value of more than 1.5 trillion US dollars and is one of the largest demand markets for valves.

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