With the improvement of domestic policies and economic situation, the pump industry and valve
industry have obtained favorable conditions for development, and the room for growth is also very huge. It is expected that there will be a big improvement in the next few years. my country's valve industry has been developing for several decades since its inception. During this period, valve standards have also been developed by leaps and bounds. The price of the valve market is relatively stable. Although the price rises and falls slightly every year, the range is very small. The market prospect is still promising. According to statistics from the National Bureau of Statistics in 2009, there are more than 1,700 enterprises above designated size in China's valve manufacturing industry, producing 3.26 million tons of valves, with a total industrial output value of 114.7 billion yuan and a total profit of 6.39 billion yuan. In the future, the valve industry will develop in two main directions, one is to develop from a single variety to multiple varieties and specifications, and the other is to develop in the direction of energy saving. In order to meet the needs of a complete set of manufacturing projects, an enterprise needs to manufacture the valves required by the project, which determines the trend that a valve manufacturer will provide all of them. In recent years, energy conservation has become the principle and goal of industrial development. From the perspective of energy conservation, the development of steam traps is the general trend, and the development of subcritical and supercritical high parameters meets the needs of the development of pharmaceutical machinery and equipment in the direction of low energy consumption. The development direction of Sinopec's pumps in the next 5 years is large-scale, high-speed, mechatronics, and product complete sets, standardization, serialization and generalization. In particular, the production technology of high-temperature pumps, cryogenic pumps and ultra-low temperature pumps, precision metering pumps, corrosion-resistant pumps, conveying viscous media and pumps with solid particles, and canned motor pumps will develop rapidly, and the demand will increase substantially.
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