Industry trends
Product technology restricts the development of valve products in China
The data from Prospective Industry Research Institute points out that the valve industry in China has developed rapidly in recent years, which is affected by factors such as raw materials and labor costs. The export and market share of products are expanding, and gradually become an important production base and main product sales market of the industry. There are many control valve plants in China, which are small-scale, lack of core competitiveness, and have low concentration, so it is difficult to have an impact on the international market, which restricts the healthy development of the valve industry to a large extent.