The development of chemical equipment, especially drying systems, has experienced rapid growth, with increasing technological sophistication and enhanced market competitiveness. This progress is gradually closing the gap between domestic and international standards. In certain areas, crushing machinery has already met global benchmarks. Innovations in non-standard, specialized equipment such as towers and reactors have been widely implemented, leading to continuous improvements in the quality of tanks and vessels. General machinery, led by pumps and valves, still faces challenges with substandard products being frequently exposed. However, high-quality, high-tech equipment is now entering international markets, while industrial boilers are increasingly focused on energy efficiency. Environmental protection and safety have become central priorities in the development of such machinery.
Government support through bonds and policies has driven significant growth in instrumentation and meter production, not only in output value but also in the introduction of new technologies and product varieties. Non-metallic devices continue to maintain their competitive edge while improving their performance. Large-scale equipment projects are thriving, whereas small-scale projects often suffer from redundant construction and resource wastage. As the market evolves, high-energy-consuming and polluting industries like electrolytic aluminum and cement will face stricter regulations. Meanwhile, key chemical equipment projects are becoming more advanced and innovative, driving the entire industry toward large-scale, group-based, and high-tech development.
In the equipment market, the chemical equipment sector has shown robust growth in both production and sales. In 2002, the chemical machinery industry saw a 19.4% increase in sales revenue compared to the previous year. By 2003, total product sales reached 27.6 billion yuan, reflecting a 21.6% rise over 2002. The oil drilling equipment manufacturing sector achieved an industrial output value of 8.97 billion yuan, up 21% from 2002, with sales revenue reaching 9.14 billion yuan, a 25.6% increase. The refining and chemical production equipment sector reported an output value of 9.3 billion yuan, rising 22.3%, and sales revenue of 8.97 billion yuan, up 24%. The metal pressure vessel industry recorded an output value of 9.26 billion yuan, growing by 13.1%, with sales revenue at 8.81 billion yuan, an increase of 16.2%.
In the first half of 2004, industrial output and profits rose by over 20%, with product sales reaching 3.51 billion yuan, a 22.2% increase compared to the same period the previous year. Oil drilling equipment manufacturers generated 3.08 billion yuan in sales, up 20.9% from 2003, while sales of refining and chemical equipment reached 3.74 billion yuan, up 23.2%. Imports of heat exchangers, purification towers, and distillation units totaled 223.54 million U.S. dollars, while exports were only 10.43 million U.S. dollars. Total exports of special oil drilling equipment and components reached 12.054 million U.S. dollars, marking an increase of 39.37 million U.S. dollars from the previous period.
From January to June 2005, large-scale enterprises in oil drilling and mining equipment achieved sales revenue of 7.7 billion yuan, a 45.1% year-on-year increase. Sales of refining and chemical equipment reached 5.2 billion yuan, up 30% year-on-year, showing strong growth despite a slowdown.
Looking ahead, China's chemical equipment industry still struggles to meet the fast-paced demands of the oil refining and petrochemical sectors, particularly for advanced, large-scale petrochemical plants. There remains a gap between domestic design and manufacturing capabilities and those of leading foreign countries. As a result, chemical equipment is still heavily imported. The industry has missed out on the opportunity to benefit from the urgent need for equipment in China’s large refineries, petrochemical plants, and chemical facilities. Overall export performance continues to show a significant deficit, and the industry still faces considerable challenges.
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