TechNavio recognizes the following companies as the key players in the Pump Market in China: FengQiu Group Co. Ltd., Foshan Andritz Technologies Ltd., Shanghai East Pumps (Group) Co. Ltd., Shanghai KaiQuan Pumps (Group) Co. Ltd., and Tianjin Rongheng Group Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
Further, the report states that 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 study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/pump-market-china-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Pump Market in China 2012-2016
