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Home >> News >> The global valve market is expected to reach USD 69,982.43 million in 2025
The global valve market is expected to reach USD 69,982.43 million in 2025
Source:Network | Author:Alliance | Published time: 2020-01-07 | 3936 Views | Share:
In 2017, the global valve market size was valued at 52923.54 million US dollars. By 2025, the global valve market size is expected to reach 69,982.43 million US dollars, with a compound annual growth rate of 3.55%.

At present, global valve leaders are mainly concentrated in North America, Japan and Germany. Well-known global valve companies include Emerson, IMI, Kitz Group, Flowserve, GE, Crane Company, Metso, Cameron (Schlumberger) and KSB Group. These companies have complete product types and deep technology accumulation. They have established comprehensive production and sales and after-sales institutions around the world, and have stable downstream customers. In a short period of time, it is difficult for any company to break the existing market structure.

After decades of development, China's valve industry has made great progress. At present, the number of valve companies in China ranks first in the world, the level of valve production has also been greatly improved, and valve revenue has achieved a substantial increase. The main products of Chinese valves have basically been able to meet the needs of the domestic market. The complete set rate, complete set level and complete set capacity of the valve market have been greatly improved. The domestic valves have already established a certain basis for rejuvenation. However, China's valve industry is still dominated by small and medium-sized enterprises, and only a few well-known global valve companies such as Neway Valve, Sanhua and China Yuanda Valve have appeared.

Valve companies need to change the existing production relationship and strengthen technological innovation. The problem of homogenization is becoming increasingly serious. Now the valve industry is gradually falling into a vicious circle of inevitable competition in the wireless cycle. In this severe situation, valve companies need to clearly realize that low-cost, low-tech valve products flood the market, which not only disrupts consumer judgment and purchase desires, but also hinders the mature transition of the valve market. Therefore, if valve companies want to improve production efficiency, they must first change the existing production relationship, increase investment in modern production lines, and strengthen technological innovation. At present, valve companies must persist in innovation, adjust product structure, transform traditional products, and march toward high-end valves.