At present, the annual turnover of China's valve market is up to 150 billion yuan, of which more than 30 billion yuan is occupied by foreign valve enterprises. According to China's "11th Five Year" development plan, China's valve industry, especially the valve enterprises focusing on water and construction markets, still lags behind the international advanced enterprises in energy conservation, environmental protection, safety and sustainable development strategies.

       Compared with the international advanced valve enterprises, Chinese valve enterprises are mainly manifested in the following aspects: small scale, low technology level and weak brand competitiveness of Chinese valve enterprises. If these problems are not solved in time, it will not only greatly affect the overall supporting level of China's valve industry, but also restrict the healthy growth of China's valve industry. At present, the integration and reorganization of valve enterprises is a necessary process for China's valve industry. Only through large-scale and large-scale integration of high-quality assets, can Chinese valve enterprises quickly establish a strong valve group.

       During the 11th Five Year Plan period, the total demand of domestic valves is predicted to be 300 billion yuan. In addition, according to the needs of China's national economic development, the development of valves focuses on the development of new valve products for major engineering construction such as thermal power, nuclear power, hydropower, large-scale petrochemical, oil and gas gathering and transmission pipelines, coal liquefaction and metallurgy. At the same time of developing the new products of the above valves, we should pay attention to the promotion and application of the new technology of the valves, such as the application of the new technology of vacuum electron beam welding and the shear extrusion technology in the development of high temperature and high pressure power station valves and nuclear power station valves with forged welding structure, and the application of the whole welding technology in the development of the large diameter ball valve of long-distance pipeline.

       The valve is an indispensable fluid control equipment for various departments of national economy, such as petroleum, chemical industry, power station, long-distance pipeline, shipbuilding, nuclear industry, various low-temperature engineering, aerospace, marine oil production, etc.

       After more than 20 years of development, there are more than 6000 valve enterprises of all sizes in China. The number of valve enterprises ranks the first in the world, of which 900 have an annual output value of more than 5 million yuan. From the perspective of valve products, China's valve industry has been able to produce more than ten categories of products, such as gate valve, globe valve, ball valve, butterfly valve, safety valve, check valve, throttle valve, plug valve, pressure reducing valve, diaphragm valve, drain valve, emergency shut-off valve, etc.