Core Viewpoint - The throttle valve industry is experiencing significant growth driven by increasing demand across various sectors, including hydraulic systems, air dynamics, water supply, petrochemicals, and food and beverage industries. The market size for throttle valves in China is projected to reach approximately 7.369 billion yuan by 2024, with advancements in smart technology and automation further propelling the industry forward [1][15]. Industry Overview - Throttle valves control fluid flow by altering the flow area or length, ensuring precise regulation of system parameters such as pressure, temperature, and flow rate. They are essential in maintaining flow stability and preventing hydraulic shocks [1][15]. - The throttle valve market is expanding due to accelerated infrastructure development and industrial automation, with a projected market size of 7.369 billion yuan in China by 2024 [1][15]. Industry Chain - The upstream of the throttle valve industry includes raw materials such as metals (stainless steel, cast iron, copper alloys, alloy steel) and non-metals (PTFE, nylon, engineering plastics). The midstream involves the manufacturing of throttle valves, while the downstream encompasses applications in various sectors [9]. Performance Requirements - Key performance requirements for throttle valves include a wide flow adjustment range, minimal internal and external leakage, and low adjustment torque for sensitivity [4]. Development Trends - The throttle valve industry is moving towards high-end product development through technological upgrades, focusing on special materials, sealing technologies, and smart control systems. The demand for intelligent throttle valves is increasing due to rising industrial automation levels [23]. - The application of throttle valves is expanding beyond traditional sectors into new areas such as renewable energy, wastewater treatment, and medical devices, enhancing market resilience and creating new growth opportunities [24]. Key Companies - Leading companies in the throttle valve industry include: - **Hengli Hydraulic**: Specializes in hydraulic components and systems, with a projected revenue of 9.325 billion yuan in 2024, reflecting a 4.47% growth [19]. - **Neway Valve**: Focuses on high-end industrial valves, with a revenue forecast of 6.072 billion yuan in 2024, marking a 13.69% increase [21]. - **Other notable companies**: Jiangsu Shentong, Guandong Energy Saving, and Zhongke Technology, which are also making significant contributions to the industry [17][18]. Market Dynamics - The throttle valve industry is witnessing a shift towards domestic substitution, with local companies achieving breakthroughs in high-end markets, particularly in petrochemicals and nuclear power [17]. - The industry is also expanding its international presence, leveraging competitive pricing and technology transfer to penetrate markets in the Middle East and Southeast Asia [25].