The competition in the Chinese market is intensifying, and flowmeter companies are shifting their investment to foreign countries

The competition in the Chinese market is intensifying, and flowmeter companies are shifting their investment to foreign countries
Last year, the market situation of China's flowmeter industry was indeed not optimistic, and it may face economic downturn, policy regulation and other situations. Looking back at the development in recent years, China's flow meter industry has achieved success: the production of flow meters in China reached 2 million units in 2014, which was twice as much as in 2008, and the sales revenue reached 30 billion yuan in 2013, which was 1.5 times higher than in 2008. In recent years, the flow meter industry has undergone earth shaking changes. Survey statistics show that more than 90% of flow meter enterprises are still private enterprises, and the number of enterprises increases significantly every year. However, the growth of enterprises above a certain scale is very slow. Nevertheless, the production capacity of the flow meter industry has gradually increased, and the output has become *, becoming a true flow meter manufacturing country. Entering 2016, industry competition has become increasingly uncontrollable. In order to ensure the sustainable development of the industry, Xi Jiacheng, Secretary General of the Instrument and Meter Association, proposed to develop in difficulties, innovate in development, combine favorable resources with technology, and promote strength improvement through innovation, in order to achieve the transformation of enterprises. From the quarter, it can be seen that with the further intensification of market competition, it will inevitably lead to the advancement of the enterprise market. Flow meter companies may position strategic investments in foreign markets, and in addition to the previous import and export trade market, they will shift their strategic goals to countries and regions such as Indonesia, India, and Africa. Experts suggest that in order to embrace the upcoming transformation, domestic flowmeter companies must recognize the market situation, set a good strategy, upgrade their enterprises in the process of transformation, and not blindly pursue foreign markets. They must seize the market according to demand distribution and always put their safety in the domestic market. Although the production of flow meters continues to increase every year, as a company, we must understand that in order to achieve sustainable development and growth, we must shift our focus from pursuing increased output value to improving quality and brand value.