At present, China's annual valve market turnover of up to 150 billion yuan, of which more than 30 billion yuan of the market is occupied by foreign valve enterprises. According to China's "Eleventh Five-Year" development plan, China's valve industry, especially the valve companies focusing on the two major markets of water and construction, still have a gap compared with international advanced companies in energy saving, environmental protection, safety, and sustainable development strategies.

Compared with the international advanced valve enterprises, Chinese valve enterprises are mainly manifested in: the scale of Chinese valve enterprises is small, the technical level is low, and the competitiveness of Chinese valve brands is still relatively weak. 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. Valve enterprise integration and reorganization is the current Chinese valve industry must go through the process. Chinese valve enterprises only through large-scale, large-scale integration of high-quality assets, to be able to quickly set up a strong valve group.

During the "Eleventh Five-Year Plan" period, the total demand for domestic valves is predicted to be 300 billion yuan. In addition, according to the needs of China's national economic development, the valve development focus for thermal power, nuclear power, hydropower, large petrochemical, oil and gas gathering and transportation pipelines, coal liquefaction and metallurgy and other major projects supporting the development of new valve products. While developing the above new valve products, attention should be paid to the promotion and application of new valve technology, such as the development of high-temperature and high-pressure power station valves and nuclear power station valves using forging welding structure when the application of vacuum electron beam welding new technology and shear extrusion technology; the development of long-distance pipeline large-diameter integral ball valve application of integral welding technology.

Valves are indispensable fluid control equipment for various sectors of the national economy, such as petroleum, chemical, power stations, long-distance pipelines, shipbuilding, nuclear industry, various low-temperature projects, aerospace and marine oil production.

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