Benefit from policy support and changes in the market environment China's valve industry has a bright future

Although there are many restrictive factors in the development of China's valve market, the market still has broad prospects. This is mainly due to the support of policies and changes in the market environment.
1. National policy support. As the country's policy of accelerating the revitalization of the equipment manufacturing industry is gradually advancing, the development of the general basic manufacturing industry will receive further support.
2. Strong demand for valve product market. The state-owned economy has continued to develop steadily. Investment in fixed assets has gradually expanded. In particular, the start-up of several projects of the “West-East Gas Transmission”, “West-East Electricity Transmission”, and “South-to-North Water Transfer” projects require a large number of valve products; in addition, China is facing an era of industrialization, the petrochemical industry, and the power sector. The use of large valve manufacturers in the metallurgy sector, chemical industry and urban construction will increase the demand for valve products. For example, in the electric power industry, during the “Eleventh Five-Year Plan” period, the total valve demand forecast for large- and medium-sized projects started in the coal-fired power plant group is: total valve demand is 153,000 tons, annual average demand is 30,600 tons; total valve demand is 3.96 billion yuan The average annual demand is 792 million yuan.
3. With the entry of WTO, the reduction of international trade threshold and the adjustment of product structure by developed countries, China is gradually becoming the largest processing factory in the world, and the processing and manufacturing of valve products face greater room for development.
Therefore, as long as the company can seize the opportunity to strengthen research and development capabilities, and continuously improve product technology content and product quality, will be able to take the initiative in the broad market competition.
1. Enterprises with technological innovation capabilities have long-term competitive advantages. We can use high technology to transform traditional industries, actively introduce, digest, and absorb advanced technologies and equipment at home and abroad, improve enterprise equipment levels, accelerate equipment upgrades and technological innovations, realize the optimization and upgrading of the valve industry and products, and increase the added value of products. This type of valve company will have a long-term competitive advantage.
2, the industry leading enterprises will get faster development. These leading enterprises have advantages not only in terms of scale, but also in technology and capital. As the market's quality requirements for valve products gradually increase, such enterprises will gain development opportunities in the fierce competition. For example, at present, China is vigorously developing the nuclear power industry, at the same time, the construction of the West-East Gas Pipeline, connecting oil pipelines in Central Asia and other construction projects, which will be the leading enterprises of smart valves in China, such as Hongcheng shares, nuclear power valve leading enterprises such as nuclear Suzhou will take this Opportunities grow.

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