The Chinese valve industry has become an essential part of the production process in many industries.

With the advancement of science and technology, the pace of socio-economic development has continued to accelerate, and competition within various industries has become increasingly intense. Over the past few decades, China's valve industry has made significant progress in product research and development, performance, quality, reliability, and service. The valve industry is now moving towards highly automated, intelligent, multi-functional, high-efficiency, and low-consumption directions, becoming an essential component in the production processes of numerous industries.

In recent years, China's valve industry has entered a period of rapid development, with the industry's entry barriers rising significantly. It has now become the largest valve manufacturing centre in Asia and one of the largest valve markets globally. However, China's per capita consumption of valve products remains relatively low compared to the global average, currently standing at only 22 USD per capita. Nevertheless, with the emergence of power plant valves, chemical valves, valve building materials, and food-grade valves, it is evident that the valve industry holds promising prospects and an attractive market.

This is primarily attributed to:

1. Government policy support. As the national policy to accelerate the revitalisation of the equipment manufacturing industry is gradually implemented, the development of the general basic manufacturing industry will receive further prioritised support.

2. Strong demand in the valve product market, sustained and stable development of the state-owned economy, and expanding fixed-asset investment. By 2015, China's valve market will be 10% larger than the U.S. market and four times larger than Japan's market. Purchasers will buy valves worth 2.4 billion USD.

By 2015, China's valve market will be 10% larger than the U.S. market and four times larger than Japan's market. Purchasers will buy valves worth 2.4 billion U.S. dollars. Three of the top ten purchasers and six of the top twenty purchasers will be from Asia. China's valve industry should make significant efforts in increasing technological investment, upgrading industrial levels, collaborating with universities and enterprises on dynamic balance electric regulating valves, expanding international markets, and establishing brand images.

Moreover, the equipment manufacturing industry has been one of the pillar industries supporting China's economic development in recent years. Fluid machinery plays a pivotal role in national major mechanical equipment, undertaking the arduous task of providing complete sets,配套, and key technologies for industries such as petrochemicals, power, metallurgy, environmental protection, water conservancy, and municipal engineering. It serves as the core equipment in many complete sets and major technical equipment.

Its main products, including pumps, valves, pipelines, fans, compressors, filtration and separation equipment, vacuum equipment, and gas purification equipment, have extensive application areas in the petrochemical industry and other sectors. This will undoubtedly provide a vast market for the fluid machinery equipment manufacturing industry and bring new development opportunities.

To strengthen extensive exchange and cooperation between the fluid machinery manufacturing industry and a wide range of users, Chinese valve companies should actively expand domestic and international markets; further promote technological progress and economic development in China's fluid machinery sector, facilitate the conversion of the latest research achievements and high-tech products, phase out outdated fluid machinery products, and enhance technical standards; and widely invite and organise leaders from various fields of the national economy in Southwest China, including petrochemicals, chemicals, power, metallurgy, environmental protection, oil and natural gas development and transportation, urban infrastructure construction, coal and mineral development, water conservancy, light industry, building materials, textiles, pharmaceuticals, agriculture, food, transportation, and national defence sectors of the national economy, as well as engineering design and construction professionals, to attend the conference. Strengthen extensive communication and cooperation between fluid machinery manufacturing enterprises in Sichuan Province and domestic and international users, engineering companies, and design institutes.

The valve industry should also form enterprise groups, increase scientific and technological investment, and develop high-end, large-scale, precision, and cutting-edge valve products; strengthen product standardisation work to ensure that standards keep pace with the needs of development in terms of both quantity and quality.