China's valve industry has broad prospects for development.

Valves are indispensable to all sectors of the national economy, such as petroleum, chemical, power plants, long-distance pipelines, shipbuilding, nuclear industry, various low-temperature engineering, aerospace and offshore oil production. The development and demand of industry have promoted the development of valve industry. In recent years, in order to meet the new requirements of high parameters in all aspects, the valve structure, materials and production technology, how to better improve performance, reliability and reduce costs are also paid close attention. Valve is a kind of product which involves many kinds, complex varieties and wide range. Its quality and technical level directly affect the development of various sectors of the national economy. Therefore, strict control of internal quality is required for valves. Some valves need to be recognized by authoritative international authorities before they can be opened up. For example, some power engineering valves and nuclear power valves have to be endorsed by the ASME (American Institute of Mechanical Engineers) to be purchased. ASME has used five markers, such as "N", "Nv" and "NPT". The valves of the petroleum industry must be labeled by the American Petroleum Association's "API" before they can be opened.

Although there are many restrictive factors in the development of valve products in China, the market prospect of valve industry in China is very broad in the future. This is mainly due to:

Support of national policies. With the gradual advance of the national policy of accelerating the revitalization of equipment manufacturing industry, the development of general basic manufacturing industry will be further supported.

Strong demand for valve product market. The state-owned economy continued to develop steadily. Investment in fixed assets is gradually expanding. In particular, the start-up of several century projects such as "West-to-East Gas Transmission Project", "West-to-East Power Transmission Project" and "South-to-North Water Transfer Project" requires a large number of valve products; in addition, China is facing the arrival of the industrialization era, petrochemical industry, power sector, metallurgical sector, chemical industry and urban construction will strengthen the use of large valve households. The demand for valve products. For example, the power industry in the "Eleventh Five-Year Plan" period in the coal-fired power unit large and medium-sized start-up projects required for the total valve forecast is: total valve demand 15. 30 thousand tons, with an average annual demand of 3. 06 tons; total demand for valves 39. 600 million yuan, the average annual demand is 7. 9 billion 200 million yuan.

With the entry of WTO, the lowering of international trade barrier and the adjustment of product structure in developed countries, China is gradually becoming the largest processing plant in the world. The processing and manufacturing of valve products are facing greater development space.

Therefore, as long as the enterprise can seize the opportunity, strengthen R&D capabilities, and constantly improve the technological content of products and product quality, it will be able to play an active role in the broad market competition. Enterprises with technological innovation capability have long competitive advantages. It can transform traditional industry with high and new technology, actively introduce, digest and absorb advanced technology and equipment at home and abroad, improve the equipment level of enterprises, speed up equipment renewal and technological innovation, optimize and upgrade the valve industry and product itself, and improve the added value of products. Such valve enterprises will have a long-term competitive advantage.