World & Chinese Industrial Pump Sector Reviewed by CRI in Its New Market Research Study Available at MarketPublishers.com
22 Apr 2016 • by Natalie Aster
LONDON – The world pump industry has seen years of elimination and competition, with the market concentration reaching a comparatively high level. The 10 leading enterprises’ total sales value exceeds the USD 20 billion mark. Amid them, leading enterprises like Grundfos and Xylem generated sales revenue of over USD 3 billion as of 2015.
In the recent past, demand for industrial pumps in Southeastern Asia, South Africa and South Asia has been increasing at a rapid pace. The demand in China, Europe and the USA still grabs a large share of the overall product demand. In the developed world, the product demand is also on the rise in line with the buoyancy of the economy. Underpinned by the changes of the prospective global industrial expansion structure, the demand in the European countries and the USA is likely to decelerate, and the market size is projected to keep on expanding across other regions.
In China, there are more than 2,000 pump producers who can make 450 series of 5,000 product types. As of 2015, the domestic production volume of pumps surpassed the 100 million mark. There are manifold manufacturers operating in the industry. Still, the small-scale production, lack of R&D investment and comparatively low-performing techniques and equipment of the majority of manufactures result in bad product quality stability, no creation of the effect of economies of scale, and low anti-risk ability, among others.
New report “Research Report on Industrial Pump Industry in China, 2011-2020” elaborated by China Research and Intelligence (CRI) gives true insights into the industrial pump industry globally with a focus on China. It features the historical development of the national industrial pump industry, covering product supply and demand, competitive degree in the industry during 2011-2016. The study examines the industry chain during 2011-2015, covering its structure, upstream and downstream sectors, etc. It analyses the demand in niche markets in China, offers extensive regional market analyses, presents imports and exports data, and looks at the factors impacting the sector’s development. Furthermore, company profiles of the top domestic industrial pump makers, as well as detailed forecasts of the Chinese industrial pump sector can also be found in the report.
More studies by the publisher can be found at CRI page.