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The survival of the fittest in our pump valve market will become a trend

by:Sino Valves     2021-03-11
It is understood that in 2011, the income of enterprises above designated size in my country's pump and valve industry reached 305.25 billion yuan, of which the pump industry reached 137.49 billion yuan, an increase of 15.32% over 2010, and the valve industry reached 167.75 billion yuan, an increase of 13.28% over 2010.     In recent years, due to the domestic good investment environment and the continuous deepening of infrastructure construction policies, my country's pump valve industry still has new opportunities for continuous growth. The company's continuous self-innovation has achieved technological leadership, and a wide range of products are dizzying, showing a prosperous development prospect. It is precisely because of such technological achievements that the pump valve industry can show a positive and upward trend for a long time.     Since the reform and opening up, my country’s industrial production has developed rapidly. With the pace of national economic construction and frequent foreign exchanges, various industries have developed and the market has grown. This is a very obvious progress. However, with more companies, it is inevitable to encounter competitors in products. However, there is competition in the industry, which is a good thing for the entire industry and the company. Because of competition, companies will continue to strive to improve product quality. The service quality of enterprises and the improvement of manufacturing technology enable consumers to obtain better products and services for less money. Although the current development momentum of the pump and valve industry is vigorous, coupled with the strong support of national policies, the market demand continues to increase, and in the fierce competition environment of the pump and valve industry, the domestic pump and valve related technologies can keep improving, but still There are many interfering factors, and the development prospects of the pump valve industry may not be optimistic.     With the acceleration of my country's infrastructure construction and urbanization, the demand for pump and valve products has maintained a rapid growth year by year. Luo Baihui, secretary general of the International Mould, Metal u0026 Plastic Industry Suppliers Association, analyzed that my country's foreign trade declined in the first half of the year due to the global economic downturn. At the same time, low procurement costs are the main consideration for multinational purchasers. The rising RMB exchange rate and the substantial increase in wages directly force the transfer of purchase orders in China to other emerging markets.     my country's manufacturing industry has benefited from the strong support of basic industries including metallurgy, petroleum, coal, electric power, chemical and machinery, etc., with a complete range of industrial products exported, and the advantages of Chinese manufacturing in the global procurement system still exist. Luo Baihui pointed out that now most multinational companies have expanded their supplier resources in China and prefer to form alliances with Chinese small and medium-sized manufacturing enterprise suppliers with excellent product quality, high technology content and relatively low production costs. For those large-scale pump and valve companies with competitive strength, through competition, the scale of the company will become larger and more famous, and some small and medium-sized enterprises that are not competitive will face the risk of being merged or closed down. In the increasingly fierce market competition environment, only companies with core competitiveness and innovative capabilities can gain a foothold in the market.
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