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Chinese valve manufacturers form a group to enter the European and American markets

by:Sino Valves     2021-03-21
According to a new report from the market analysis agency IHS, Chinese pneumatic valve and actuator manufacturers are forming large-scale groups to advance to the US and European markets, triggering a reshuffle of the industry and changing the global market competition pattern.     At present, the global pneumatic component market is dominated by a few large manufacturers, led by Japan's SMC and Germany's Festo. Together, these two companies accounted for more than 45% of the 2012 global revenue of USD 8 billion. 'However, under this appearance, a large group of up-and-coming suppliers are already on the move. Most of these suppliers are from Ningbo, China.' Alex Chausovsky, chief analyst of IHS Motors and Mechanical Transmission, warned, 'These companies are constantly moving to the West. The new market is advancing and it is expected to compete fiercely with established suppliers. '    Chinese suppliers mainly focus on the production of standard traditional pneumatic valves and actuators, and they have an absolute advantage in price. They are setting their sights on larger markets (valve market analysis), such as Europe and North America, and gradually enter the market through local distributors.     With the increasing complexity of modern factory operations, engineers only need to evaluate the control, feedback and status monitoring performance provided by high-end products. Therefore, for established manufacturers, a key area is pneumatic valve blocks that integrate network communication functions. IHS predicts that in the next five years, the sales growth rate of pneumatic valve blocks will likely reach six times that of single valves. The      pneumatic component market was initially composed of simple technical devices, and some major product substitution trends will affect the future development of this market. IHS claims, 'How suppliers respond to these trends will create a competitive environment in the next few years.' Under the four major forces of industrialization, urbanization, reform and globalization, the prospects of my country's valve equipment manufacturing industry are still broad. The future valve industry High-end, localization, and modernization will be the main directions for the development of the valve industry in the future.
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