Pump Market in China 2017-2021

Overview of the Pump Market in China

Research analysis on the pump market in China identifies the growth of the food and beverage industry due to increasing population as one of the primary factors for market growth. The region has witnessed a regular change in the taste and preference of consumers for dining. The increasing footfalls in retail outlets lead to the rise in demand for food and beverage products. This will increase the demand for pumps from these companies for capacity expansions, which will subsequently drive market growth. Technavio's market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

The growing agriculture industry will subsequently fuel the growth of the pumps market in this region. The Chinese population heavily relies on agriculture. This induces the government to focus on the mechanization of agriculture. Initiatives such as increasing the farm size and adopting modern agricultural techniques will increase the usage of advanced technologies and machineries, which will consequently propel the market's growth prospects.

Competitive landscape and key vendors

The pump market in China is highly fragmented due to the presence of several local and international vendors. Many local and regional pump manufacturers provide highly customized pumps such as heat pumps and energy-efficient pumps at lower prices and pose a stiff competition to the international vendors.

The leading vendors in the market are -

• FengQiu Group
• SHIMGE Pump Industry Group
• Shanghai East Pump Group
• Grundfos
• Kaiquan Group

The other prominent vendors in the market are Flowserve, SANILIANPUMP, EBARA CORPORATION, ITT, KSB, Sulzer, Tianjin Rongheng Group, and LianCheng Group.

Segmentation by product type and analysis of the pump market in China

• Centrifugal pumps
• Specialty pumps
• Positive displacement pumps

Owing to the rise in their application in different industries such as water and wastewater, oil and gas, chemical, and food and beverage, the centrifugal pumps segment accounted for the major shares of this market. The rising demand from the manufacturing sector will be a major factor fueling the market's growth prospects in this segment.

Segmentation by end-user and analysis of the pump market in China

• Municipal
• Chemical
• Power
• Oil
• Building

The municipal segment accounts for the largest share of the pump market in China and this mainly attributes to the increasing contamination levels in ground water. The increasing demand for freshwater in the region, will increase the demand for pumps from the emerging plants and towards the upgradation of existing ones, which will subsequently drive market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the pump market in China?
• What are the key market trends impacting the pump market in China?
• What are the challenges to market growth?
• Who are the key vendors in the pump market in China?
• What are the market opportunities and threats faced by the vendors in the pump market in China?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the pump market in China?

Technavio also offers customization on reports based on specific client requirement.

Pumps are a type of mechanical devices which are used to move fluids from one place to another. They are used in the circulation of fluids around different parts of a system to increase the operational performance of industrial plants. They are also used in industries, such as wastewater, pharmaceutical, power generation, mining, chemical, agriculture, food and beverage, aerospace, automotive, and construction. Technavio's reports for the engineering tools industry encompass a wide range of product markets including construction and tools and components. In addition to providing information on various aspects such as the evolving customer preferences and the factors, which will nurture and curb the growth of the vendors in the engineering tools market space, Technavio's reports also present a competitive analysis of the leading vendors in the heavy industry market.

To precisely forecast the heavy industry's growth potential, our market research experts conform to a mix of primary and secondary research techniques and carry out an extensive analysis of the factors, including technological advancements and the demand-supply shifts for products across the globe. Furthermore, with an aim to enable clients create new policies for market growth, our upcoming industry research report on the pumps market in China for the forecast period of 2017 to 2021 furnishes practical insights devised from robust sources of market intelligence such as manufacturers, suppliers, regulatory bodies, and stakeholders.

This upcoming industry report on the pumps market in China considers the growth of related markets such as hydraulic pumps, which is expected to grow at a CAGR of close to 5% by the end of 2021. This report for the pumps market in China market also identifies the key drivers, evolving trends, and the challenges currently experienced by the heavy industry and presents vital insights into the sectors of test and measurement.