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Prospects of the cryogenic valve market

  • Author:Cowinns
  • Source:Cowinns
  • Release on:2020-05-27
Prospects of the cryogenic valve market

With the continuous advancement of the Century Project-"West-to-East Gas Transmission, West-to-East Power Transmission, South-to-North Water Transfer" and other projects, the demand for valve products and supporting facilities has greatly increased; in addition, China is facing the arrival of the industrialization era, petrochemical, new Energy, new energy, new energy industry, power sector, metallurgy department, chemical industry and urban construction, etc. will use large valve users will increase the demand for valve products. Over the past decade, domestic policies and economic conditions have improved, providing favorable development conditions for the valve industry. Domestic petrochemical, new energy, new energy, new energy and other enterprise equipment face replacement cycles and large amounts of new facilities. There is a huge demand for the valve industry, and it is expected that the valve industry will still have a big improvement in the next few years.

The competition in the valve industry will become more benign in the future

In the next 3-5 years, Sinopec, new energy, new energy, new energy valves, LNG valves will be the main demand, especially the production of low temperature high pressure valves, low temperature valves and ultra low temperature valves, LNG valves, stainless steel cryogenic ball valves, pneumatic cryogenic ball valves Technology will develop rapidly and the demand will increase substantially.

Automation is the future direction

The development trend of automated cryogenic valves is an opportunity for domestic enterprises to develop, but the domestic valve industry should recognize that the export value of automated cryogenic valves is less than 5% of the total output value, but the import value is equivalent to the total output value. The demand gap for automated cryogenic valves is still not small. There is still a large gap in technology and quality with foreign products, and it cannot fully meet the needs of the domestic high-end market. Therefore, valve companies must firmly seize this opportunity for the development of automated cryogenic valves, and increase market share and product quality. Under the conditions of rapid development of modern economy and society, automation will be an inevitable trend of social development. Therefore, valve companies must closely follow the general trend of social development in order to be invincible in the market competition. Suzhou Cowinns Industry Equipment Co., ltd is a manufacturer specializing in research, design and production of various cryogenic valves especially on -196°C cryogenic globe valve. At present, it is also fully engaged in the transformation and innovation of cryogenic valve automation, and strives to fill the gap in the domestic cryogenic valve market as soon as possible.

Complete sets and standardization are development trends

With the progress of social industry, the demand for valves and other products in petrochemical, new energy, new energy, new energy and other industries also presents a trend of professional Chinese, standardization, large-scale and complete sets, and the requirements for energy conservation are also increasing. . The valve will also usher in new opportunities and turning points due to the integration of electromechanical valves. The market's demand for electromechanical valves has begun to increase, and the market still has potential development space, but at the same time, the quality and requirements of products are higher. . Although the development of the valve industry has been relatively stable for a long time, there is still unregulated competition in the industry, which has brought serious safety hazards to the quality of the project and seriously disrupted the order of the valve market.

As the market gradually matures and the law develops, the competitive environment facing the valve industry will become more benign in the future. Due to the more specialized product requirements of the industry and the increased awareness of energy conservation in the whole society, the valve industry will develop in two directions, one is from a single variety to multiple varieties and specifications, and the other is to develop in the direction of energy saving. Therefore, in the future, the valve industry will move towards the two major players, which determines that the trend of all valve manufacturers will provide more and more.