London, 02 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Pump Market in China 2015-2019, which is expected to grow at a CAGR of 11.99 percent during the period 2014-2019.
At present, the Pump market in China is experiencing a huge demand for pumps and is witnessing growth potential from different end-users such as the power, wastewater, mining, and chemical industries. The demand for pumps is driven by rapid urbanization and infrastructure development. The Chinese government is investing heavily in the Wastewater industry for wastewater treatment, which is benefitting market growth.
“Many manufacturers are expected to adopt intelligent pump systems because they reduce the total cost of ownership without compromising performance parameters,” says Faisal Ghaus, Vice President of TechNavio.
“In addition, adoption of intelligent pump systems will aid in adherence to energy consumption regulations imposed by the regulatory authorities in China.”
Key Market Drivers
- Infrastructural Development
- Demand from Process Industries
- Need to Refurbish Existing Plants
- Increased Demand for Safe Drinking Water
Key Market Trends
- Increased Outsourcing of Manufacturing Activities to China
- Emergence of Intelligent Pump Systems
- Development of Micro Disc Pump Technology
Key Market Vendors
- FengQiu Group Co. Ltd.
- Shanghai East Pump Group Co. Ltd.
- Shanghai KaiQuan Pump (Group) Co. Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
