From 2003 to 2009, China’s valve industry experienced a period of rapid growth,
with a CAGR of 33.5%. But in recent years, affected by economic crisis, the
valve market demand started to slow down from 2010 onwards, and China’s valve
output growth rate fell accordingly, down to 8.9% till May, 2013.
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In
point of market competition pattern, China’s valve production features a high
degree of regional concentration, mainly in Zhejiang, Henan, Jiangsu, Liaoning,
Fujian and other provinces and cities. In 2012, output from the top five
provinces accounted for 74% of the total. However, due to the small scale and
weak financial strength of domestic valve companies, the market concentration
is lower than other countries.
Since
2009, China has ranked first worldwide in valve export scale. In 2012, the
export volume gradually converged in large companies, with export products
showing diversification; the top few export destinations remained basically
unchanged from the previous years. With respect to imports, most of imported
valves in China are high-end and high-priced products. But with the increasing
R&D investment and market development efforts, Chinese valve companies are
stepping into the high-end valve market.
In
addition to a study on the development status and trends of Chinese valve
industry, Global and China Valve Industry Report, 2012-2015 also analyzes the
operating status and development prospects of leading companies.
As
a key player in China’s nuclear power valve industry, Sufa Technology Industry
Co., Ltd. of CNNC is provided with enormous technical strength. In 2012,
following the gradual recovery of domestic nuclear power plant construction,
the company continued to expand business, realizing growth in both revenue and
net income against the adverse economic conditions.
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Zhejiang
Sanhua Co., Ltd. is one of the world’s air conditioning valve manufacturers
with the most complete varieties, occupying the largest share of stop valve and
four-way valve markets, going halves with DunAn Environment. In 2012, under the
influence of Chinese macroeconomic policy adjustments and stimulus exit, the
entire air conditioning appliance industry demand decreased, and the downstream
demand reduction triggered declines in both revenue and net income of
Sanhua.
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