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China's valve drive device market size may shrink further in the future

 Last Update: 2021-06-08
 Source: Internet
 Author: User

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[ Market analysis of chemical machinery equipment network ]

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The market scale of China's valve drive device industry may shrink further in the future

The valve drive device is an important part of the valve and an important part of the large-scale complete set of equipment; the industrial chain of the valve drive device industry includes upstream steel, copper and other raw materials, and midstream electric, hydraulic, pneumatic, electro-hydraulic linkage and other drive device products Manufacturing and downstream chemical industry, oil and gas, water treatment and other specific application areas.

The overall price of upstream steel and copper raw materials tends to rise, leading to higher manufacturing costs of valve drive devices; the downstream chemical industry has the largest application proportion.
In the first half of 2020, the fixed asset investment in chemical raw materials and chemical products manufacturing industry fell by 14.
2% year-on-year.

The development thinking of the "14th Five-Year Plan" in the chemical industry is mainly to reduce production capacity, and the industry will have higher and higher requirements for valve energy saving and emission reduction performance in the future.
On the whole, affected by rising raw material prices and upgrading of market demand, the market size of the valve drive device industry may further shrink in the future.

1.
Panoramic view of the industrial chain of valve drive device industry: located in the middle reaches, rich in products

The valve drive device is an important part of the valve and an important part of a large-scale complete set of equipment.
The industrial chain of the valve drive device industry includes upstream steel, copper and other raw materials, midstream electric, hydraulic, pneumatic, electro-hydraulic linkage and other drive device production and downstream chemical, oil and gas, water treatment and other specific application areas.

　　2.
Analysis of the upstream market of the industrial chain of China's valve drive device industry: the price of steel and copper raw materials has a large impact

　　In the valve drive device, the cost of steel, copper and corresponding external parts accounts for about 60% of the production cost.
Therefore, the price fluctuation of steel and copper materials directly affects the manufacturing cost of the valve drive device; at the end of December 2020, the price increase of steel (plate) steel will expand, and the cost of the valve drive device industry will increase.
In January 2021, steel prices have declined, but they are still relatively high compared to 2019-2020.
According to the price transmission mechanism, the production cost of the valve drive device industry will be affected to a certain extent in the future, which will affect the profit of the industry.

　　According to the copper price index data of the China Hardware & Electrical Index, the domestic copper price index showed a fluctuating development trend as a whole.
The 2020 price index is 75.
86.
This is slightly higher than in 2019, and the price increase in 2021 will be larger.
As of January 2021, the copper price index in 2021 has risen to 91.
27.
Rising prices are not conducive to reducing production costs in the valve drive device industry, and will affect industry revenue and profits.

　　3.
China's valve drive device industry industry chain midstream market analysis: the cost of blanks and drive devices accounted for about 70%

　　The valve drive device is one of the main components of the valve, and its cost occupies an important part of the valve cost.
According to the prospectus of Jiangsu Shentong Valve, the cost of the valve blank and driving device accounted for about 70%.

　　Take nuclear power valves as an example.
According to the prospectus of Jiangsu Shentong Valve, blanks and driving devices account for the main proportion.
The cost of nuclear power valves accounted for 66.
77%, more than half of the proportion; other materials accounted for 19.
7%.

　　4.
The market scale of China's valve industry is nearly 180 billion yuan

　　According to data from China General Machinery Industry Association, from 2016 to 2019, the number of enterprises above designated size in the valve industry in my country fluctuated.
From 2016 to 2018, the number of industry companies showed a downward trend.
In 2018, it was 1,702, a decrease of 0.
7% year-on-year, which was the lowest in history; in 2019, the number of industry companies rebounded to 1,809, a year-on-year increase of 6.
29%.

　　The valve industry is an important part of my country's general machinery industry.
With the development of the general machinery industry, the valve industry continues to develop.
According to China Machine Economics, China's valve supply fluctuates from 2015 to 2020.
As of 2020, the supply of valves in my country will reach 5.
7154 million tons, a year-on-year decrease of 12.
4%.

　　From 2016 to 2019, the main business income of enterprises above designated size in my country's valve industry increased first and then declined.
In 2017, it reached 248.
63 billion yuan, an increase of 8.
17% year-on-year, reaching the highest level in the past 5 years; 2018-2019, affected by the trade war, the international market was blocked In 2019, the main operating income of enterprises above designated size in the valve industry in my country fell by about 10.
1% to about 179.
6 billion yuan.
Although the revenue continued to decline, the rate of decline slowed down.

　　5.
The market scale of China's valve drive device industry is nearly 90 billion yuan

　　According to the cost of the main raw materials (blanks and driving devices) of the valve accounting for about 70%, the cost of the valve driving device is conservatively estimated to account for 50%.
After calculation, the market size of the valve driving device industry in my country in 2019 is about 89.
8 billion yuan, a decrease of 10.
1 %.

　　6.
Analysis of the downstream market of the industry chain of China's valve drive device industry: the demand is large, and the proportion of applications in the chemical industry is the largest

　　Valves and valve drive devices have a wide range of applications.
Oil and gas, energy, power, and chemical industries are the most important application areas for valves.
According to Valve World's statistics, in the application fields of domestic industrial valves, the chemical, energy, power and oil and gas industries are the three most important valve markets.
The market demand for valves accounted for 25.
70% and 20.
10 of the total domestic industrial valve market demand respectively.
% And 14.
7%, which together account for 60.
50% of the total market demand.
It can be seen that the chemical industry has the widest application range.

　　Affected by the increase in raw material prices, the production cost of the valve drive device industry has risen; in addition, the chemical industry is the industry with the highest proportion of valve drive device applications.
According to the National Bureau of Statistics, fixed asset investment in chemical raw materials and chemical products manufacturing in the first half of 2020 A year-on-year decrease of 14.
2%.

　　The development thinking of the "14th Five-Year Plan" in the chemical industry is to reduce production capacity and make up for shortcomings as the core, adjust structure and promote upgrading as the main line, promote the supply-side structural reform into a new stage, and focus on guiding downstream industries to achieve high-end transformation.
In the future, the industry will have higher and higher requirements for valve energy-saving and emission-reduction performance.

　　On the whole, affected by rising raw material prices and upgrading of market demand, the market size of the valve drive device industry may further shrink in the future.

　　Original title: The current status, market scale and development prospects of China's valve drive device industry chain in 2021.
The future market scale may further shrink

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