DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qbgsnh/assessment_of_chin) has announced the addition of the "Assessment of China's Market for Centrifugal Pumps" report to their offering.
China's Centrifugal Pump Market Valued at RMB 29 Bn - Product Segments Influenced by Construction and City Planning Investments.
China's centrifugal pump market in China is worth approximately RMB 30 Bn as of year-end 2011, according to a recent report by GCiS China Strategic Research.
The growth of low pressure centrifugal pump sales is surging at 15%, while the high pressure market is experiencing a more modest 5%. This is due to heavy levels of sustained investment on water projects nation wide by the PRC government.
China routinely witnesses simultaneous droughts and flooding across its land mass. Projects such as the proposed south-north water diversion will require more than 23 major pumping stations, each of which will need enough pumps to keep the equivalent of a major river flowing. Medium and low pressure pumps are to be the work horses of such infrastructure projects.
High pressure pumps have a more specialized role in the manufacturing process such as boiler water feeders in power plants. These pumps see lower demand due to their specificity of application.
The GCiS study covers each of these products by each of the major end-user industries. General economic development drives projects for municipal engineering, as one supplier put it, and construction continues to be one of the main contributors to China growing economy, expect the centrifugal pump market to continue growing at an expected 11% growth rate to a total size of RMB 50 Bn by 2016.
Companies Mentioned
- Zigong Industrial Pump
- Anhui Sanlian Pump Industry
- Guangzhou Foshan Pump Factory
- KSB Shanghai Pump
- Shanghai Nikkiso Non-Seal Pump
- Argal
- WILO
- Liancheng Group
- Yantai Shengquan Pump
- Pentair Water
- Yangjiangshi Xinli Industry
- Danai Pumps
- Tianjin Pumps & Machinery Group
- Shanghai Panda Machine
- Shandong Tongtai Group
- Kaiquan Group
- Shandong Zhangqiu Blower
- Hangzhou Alkali Pump
- Zhongquan Group
For more information visit http://www.researchandmarkets.com/research/qbgsnh/assessment_of_chin