Domestic valve industry market size is expanding!

Domestic valve development status

Market size growth

In recent years, the market scale of domestic valves has shown a growing trend, and significant localisation results have been achieved in the field of valves. According to relevant data, the market size of China’s valve industry in 2022 was 260.282 billion yuan, an increase of 8.5%. It is predicted that in 2024 China’s valve market size will reach nearly 6 billion yuan, the compound annual growth rate is expected to reach 5.2%.

Gradual increase in localisation rate

Brand building started late, although some excellent brands have a certain degree of popularity in the domestic market, but the influence in the international market is relatively weak. With the enhancement of the technical level of domestic enterprises and the enhancement of independent innovation ability, the localisation rate is gradually increasing.

Internationalisation development

Chinese valve enterprises actively participate in international trade, and customers around the world to establish a cooperative relationship, the products are exported to many countries and regions. Some enterprises to build a global service system to enhance the brand’s international popularity and market competitiveness.

Domestic valve development trend

Technical innovation to promote product upgrading

Domestic valve companies continue to increase investment in technological innovation to improve product performance and quality. With a professional R & D team, focusing on technological innovation and product development, and constantly launch competitive new products to meet the diverse needs of the market.

Industrial upgrading

With the transformation and upgrading of the manufacturing industry, the domestic valve industry will move towards high-end, intelligent, green direction, and constantly improve the technical content and added value of products.

International expansion

Enterprises continue to improve product quality and performance, to the high-end valve market, high-end valves to achieve substitution of localisation. Actively expand the international market, participate in global competition, enhance the share and influence of domestic valves in the international market.