Title: Magnification of Industrial Pump Industry in China: Ken Research
1Magnification of Industrial Pump Industry in
China Ken Research
2- The device used in transforming fluid energy my
mechanical action is called a pump. The demand
for global general pump is exceeding USD 60
billion yearly which include industrial pumps,
residential pumps and hydraulic pumps. Water
pumps are the largest category in terms of range
of services. - According to the market research report "Research
Report on Industrial Pump Industry in China,
2017-2021", South East Asia and south Asia are
the regions where the demand of industrial pumps
are continuously
3- increasing on a faster pace with the growth of
emerging economies according to CRI. There is a
large proportion of demand in the global market
especially in the European, US and China
countries. The demand for pumps keeps increasing
as economy rises in developed countries as well.
The demand for US and European countries will
decline and in other countries will rise because
of change in the global industrial development
pattern. - There were numerous manufacturers by the end of
May 2017 over 2000 in China. The manufacturers of
the pump in China can produce 5000 kinds and 450
series of pumps. In 2016, more than 100 million
of pump is produced in terms of volume. There are
many small sized pump manufacturers in China pump
industry, which uses backward equipments and
techniques, which concludes in a poor quality
output. China pump industry is at a low level in
technological content internationally and there
are still -
4- high-end products, which still depend on the
imports until now. - Industrial pump is important corollary equipment
in manufacturing industry of equipment because it
has various benefits. It has encouraging and
supporting policies of the Chinese government,
which aim to promote equipment-manufacturing
industry, according to CRI. Enactment of several
documents in order to facilitate the
manufacturing industry was drafted by the Chinese
government, which includes the implementation on
planning rules of adjustment and revitalization
of equipment manufacturing industry. Also it is
estimated that in future years the action plan of
energy saving, emission reduction, upgrading and
retrofitting of coal-fired power plants, Made in
China 2025 will be fulfilled, which offers policy
support for the development of pump industry. - In last year, there is rise in the costs, which
includes labor land, and
5- the price of export products rose accordingly.
However, there is still an advantage of price for
pumps manufacturer in China's compared with those
in developed countries. The prospect of pump
industry will be better with the strengthening of
research and development. There is improvement of
production techniques there is growth of product
technological content and in quality as well.
There is rise in the demand for industrial pumps
in local market as there is up gradation in
China's manufacturing industry. Electric power,
water, environment protection is also developing
in the industry. Until 2021, the industrial pump
industry in China will observe a growth. - Key Topics Covered in the Report
- China Industrial Pump Industry Market Research
Report - China Industrial Pump Industry Market Size
- China Industrial Pump Industry
- China Industrial Pump Industry Trade Market
6China Industrial Pump Industry Production
Output China Industrial Pump Industry Import
Volume China Industrial Pump Industry Export
Volume China Industrial Pump Industry Market
Future Outlook China Industrial Pump Industry
Market competition China Industrial Pump Industry
Retail Market China Industrial Pump Industry
Market Growth Rate China agriculture equipment
industry For further details of the report
visit https//www.kenresearch.com/manufacturing-a
nd-construction/machinery-and-parts/research-repor
t-industrial-pump-china/116838-97.html
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Research Ankur Gupta, Head Marketing
Communications query_at_kenresearch.com 91-124-42302
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