China's valve industry needs to improve its innovation ability

After more than ten years of rapid development, the valve industry has not only greatly improved in quantity (valve enterprises), but also greatly improved in quality, the scope of valve application is getting wider and wider, and valve renewal has become more and more a topic of concern. According to the Asian fluid network reporter, the power station as the second largest market for valves, especially gas turbines account for a large proportion of the application of valves, and China and the United States are gas turbine countries, but also the largest users of power station valves. The United States accounts for one-third of the world's gas turbine capacity and is the largest market for valve renewal.

The world automation control valve market was $10 billion in 2002 and will reach $23 billion in 2008. Thanks to the advent of the "Smart" valve, the performance of the valve has improved. At present, various valve manufacturers are working on electronic control technology (valves, pumps) and information technology software. Power stations are the second largest market for valves (valves, pumps), especially gas turbines. Combined cycle gas turbines require more valves than single-cycle gas turbines, which in turn use four times as many valves as combined gas turbines. Intelligent valve positioners and intelligent actuators in the world automation control valve market will be the fastest growing segment of the entire control valve market, and various valve manufacturers are currently working on valve electronic control technology and information technology software.

The market share of valves has recently changed with the merger of InvensysFlowControl with FlowServe. Tyco remains in first place at 6%; FlowServe rose to second place at 4%; Emerson took third place at 3 percent. Sales of industrial valves and actuators in Europe reached $4.1 billion in 2008 from $3.53 billion in 2002, representing a combined annual growth rate of 2.2 percent. Technological innovations that enable better performance of valves and actuators, stable oil prices, and expanded use of natural gas have led to increased investment in oil and gas, contributing to the rise of the valve actuator market. In addition, spare parts are also a large market. Intelligent valves and fieldbus technology are recognized by the market also contribute to the growth of the market, in the future intelligent valves will be more widely used, actuators grow faster than valves, of which 1/4 turn actuators because of their wide use, simple structure, will have a larger market than multi-turn actuators.

Recently, ARC Consulting Group conducted a survey of the actuator and valve positioner market, and concluded that smart valve positioners and smart actuators will be the fastest growing segment of the overall control valve market, with an estimated annual growth rate of more than 50%, and sales growth from $20.2 million in 1997 to $158 million in 2002. China and the United States are big countries for gas turbines and therefore the largest users of valves for power plants. Valve replacement and renewal is also a large market, the United States accounts for one-third of the world's gas turbine capacity, is the largest market for valve renewal.