Pump industry is out of vicious competition and imminent

Since the 1920s, since the pump and valve industry began to enter China, after more than 80 years of development, domestic pump valves have made great progress in terms of performance, quality, and precision. In addition, in recent years, the pump and valve industry has been continuously deepened by the domestic favorable investment environment and infrastructure construction policies, and it is rapidly developing. Many pump and valve companies are in full swing expanding their business scale.

It is imperative for the domestic pump and valve industry to get rid of the vicious competition. However, due to the long-term price war in the domestic valve and valve industry, the pump and valve industry has been stuck in the middle and low position of the world's valve industry for a long time. Therefore, our country's valve and valve industry must start from changing the competition mode and change the weak status of China's pump and valve industry.

Domestic large, medium and small pump and valve companies are located throughout the country. Because of the contradiction between production capacity and market supply and demand, price wars are being carried out among pump and valve industries across the country. However, the price war makes the domestic valve and valve industry fall into a very difficult situation. The economic benefits appear to be low, the profitability of the company continues to decline, and the market is in chaos.

It is understood that although there are countless pump and valve manufacturing companies in China, the number of bases in the domestic valve and valve industry is huge, while the high-end part of the industry is very weak and the industrial structure is very deformed. Therefore, domestic market competition in the pump and valve market should shift from partial and imperfect competition to international all-around competition. Market competition will shift from the competition of production capacity to the competition between production capacity and circulation capacity.

In addition, the valve and valve industry also needs to shift from product competition to brand competition; from pure competition for market share to competition for rapid market response; from price wars to high-level competition that will increase the technological content and added value of products; The competition for monetary capital investment turns to the competition for human capital acquisition.

Through the transformation of competition methods, China's pump and valve companies can improve their own grades, get rid of the disadvantages of low-level malignant bidding, in order to promote China's pump industry to a higher level.