Industry Overview - The global ball valve market is projected to reach approximately 206.53 billion yuan by 2024, driven by increased industrialization, demand in the oil and gas sector, and a surge in global infrastructure projects [7] - In China, the ball valve market is expected to reach around 29 billion yuan by 2024, reflecting rapid industrial development and urbanization [7][6] - The number of ball valve patents in China from 2016 to 2024 totals 59,993, with notable peaks in 2018, 2019, and 2021, indicating a strong focus on innovation in the sector [6][7] Ball Valve Characteristics - Ball valves are essential fluid control devices in modern industries, particularly in the chemical sector, due to their versatility and ease of operation [4][6] - They can be categorized based on their structure (e.g., floating, fixed, V-type, three-way) and functionality (e.g., high-pressure, low-temperature, sulfur-resistant) [2] Industry Development Status - The ball valve industry has matured over the past 30 years, with a growing emphasis on precision and complexity in industrial production [6] - The increasing complexity of pipeline systems in urban and industrial settings has heightened the importance of valves in fluid control [7] Competitive Landscape - Key players in the domestic ball valve market include Neway Valve, Zhongke Suvalve, Jiangsu Shentong, and others, with Neway Valve leading in terms of product range and revenue [12][15] - Neway Valve's product line includes various types of ball valves, with a production volume of 204,024 units in 2024 [16] Industry Trends - The ball valve industry is moving towards smart technology, with a focus on high precision and sensitivity in control valves, as well as high-pressure and large-diameter cut-off valves [20] - The demand for innovative and reliable ball valves is expected to grow, driven by the evolving industrial landscape and environmental considerations [20]

Industry Overview - The Chinese ball valve industry is projected to reach a market size of approximately 29 billion yuan in 2024, with a compound annual growth rate (CAGR) of 4.92% over the past five years [1]. - The ball valve has been developed in China for over 70 years, with significant advancements in long-distance pipeline ball valves and metal-sealed ball valves since the 21st century [1]. Market Trends - The number of bidding projects in the ball valve industry has shown an upward trend, increasing from around 3,000 projects in 2021 to over 8,000 projects expected in 2024 [4]. Competitive Landscape - Key players in the domestic ball valve manufacturing industry include Neway Valve (纽威股份), Fangzheng Valve (方正阀门), Jiangsu Shentong (江苏神通), Yongsheng Technology (永盛科技), Jintai Meilin (金泰美林), and Zhongde Technology (中德科技) [7]. - Neway Valve is noted for having the most comprehensive product offerings and the largest revenue scale, positioning it in the leading tier of the domestic ball valve market [7]. Product Offerings - Neway Valve specializes in floating ball valves, fixed ball valves, and double ball valves [8]. - Jiangsu Shentong offers hard-sealed ball valves, ceramic ball valves, high-temperature and high-pressure ball valves, and various nuclear-grade ball valves [8]. - Zhongde Technology provides a range of ball valves including floating hard-sealed, fixed soft-sealed, and LNG ultra-low temperature ball valves [8]. - Fangzheng Valve focuses on side-mounted, top-mounted, and fully welded ball valves, among others [8]. - Zhejiang Lino offers various types of ball valves including flange V-type ball valves and floating ball valves [8].