2014-03-31 00:08:01 - Pump Market In China 2012-2016 - a new market research report on companiesandmarkets.com
The China pump market is to grow at a CAGR of 11.83 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased demand for pumps among the process industries. The Pump market in China has also been witnessing the development of end-to-end solutions. However, the need for increased investment could pose a challenge to the growth of this market.
There are several local vendors in China that provide standalone, low-quality flow control products, such as pumps, valves, filtration, and compressors, at cheaper prices compared to those of international vendors. However, end-users doubt the reliability and quality of these products. In fact, many end-users prefer vendors that provide complete packages of flow-control solutions, such
as pumps, valves, filtration, and compressors. Such products offer end-users better total cost of ownership than standalone flow-control products. Therefore, many large vendors in China have started providing end-to-end flow-control products at competitive prices to meet end-users´ requirements. Moreover, large vendors offer end-to-end products as a competitive tool to differentiate their products from those of local low-cost vendors.
One of the main drivers is the increasing demand for pumps among the process industries across the country. The increasing globalization has paved the way for the emergence of several process industries, such as the Refinery, Chemical, Metals, Mining, and Oil and Gas industries in China.
One of the main challenges in this market is the need for increase in investment. The prices of raw materials and components are increasing, leading to an increase in the prices of pumps.
The key vendors in this market space are FengQiu Group Co. Ltd., Shanghai East Pump (Group) Co. Ltd., Shanghai KaiQuan Pump (Group) Co. Ltd., and Tianjin Rongheng Group Co. Ltd. Other vendors are Anhui Sanlian Pump Industry Co. Ltd., Robbins & Myers Inc., ITT Corp., Flowserve Corp., KSB AG, Sulzer Ltd., Grundfos A/S, and Ebara Corp.
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