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　　Industrial valves are important accessories for controlling medium flow on industrial pipelines. Industrial valves can be used to control the flow of air, water, steam, various corrosive media, mud, oil, liquid metal and radioactive media. Industrial valves can be divided into many types according to the regulation form, valve body material, driving mode, temperature range and pressure range.

　　The valve is an important mechanical basic component, which is divided into different competitive markets from a technical point of view. From the technical point of view, industrial valves can be divided into different market levels with different characteristics, namely, high, medium and low end industrial valve market and civil valve market. The degree of competition in different market competition levels is different. Large-scale enterprises in China's valve industry have entered the international market earlier and are relatively mature in production technology and production process. They have occupied an important position in the mid-end valve market and gradually penetrated into the high-end field. In 2021, China's industrial valve market will be dominated by 277.7 billion domestic manufacturers.

　　Chemical, paper and non-nuclear power are the main downstream of industrial valves. Industrial valves have a wide range of applications. According to the data of CCID Consulting, chemical industry, paper making and non-nuclear energy power are the main downstream applications of industrial valves in 2021, accounting for 19.7%, 14.6% and 14.2% respectively, and the three main downstream accounts for nearly half of the total. In the future, with the emergence of smart cities, hydrogen energy and other new business forms and the promotion of industrial digitalization and intelligent upgrading, the market share of industrial valves in the fields of non-nuclear energy power and water treatment will continue to rise.

　　The scale of China's industrial valve market will reach 277.7 billion yuan in 2021, and is expected to exceed 300 billion yuan in 2023. According to the data of CCID Consulting, the global industrial valve market will reach US $210.5 billion in 2021, and the compound growth rate will reach 3.9% in 2016-2021. The scale of China's industrial valve market will reach 277.7 billion yuan, and the compound growth rate will reach 5.4% in 2016-2021, which is stable and higher than the global market growth rate. In the context of continued demand from major downstream industries, China's industrial valve market is expected to maintain steady growth. According to the prediction of CCID Consulting, China's industrial valve market will maintain a growth rate of 5.6% from 2022 to 2023, and the scale of China's industrial valve market will reach 309.6 billion yuan by 2023.

　　Domestic manufacturers remain the main force in the valve market, and the scale of imported industrial valves still exists. According to the data of CCID Consulting, the value of imported valves and similar devices in China will reach 58.1 billion yuan in 2021, accounting for 20.9% of the market scale of industrial valves in China, and domestic valves will account for 79.1% of the market.

　　We believe that the industrial valve market in China is growing steadily, and the market size will reach 277.7 billion yuan in 2021, of which imported industrial valves will account for 20.9%, and the scale will reach 58.1 billion yuan, with broad space. With the improvement of technology, process level and material technology, China's leading valve enterprises have gradually penetrated into the high-end valve market. In this context, it is suggested to pay attention to Newway, a leading industrial valve enterprise in China.