TechNavio today launched its report, Pump Market in China 2011-2015, based on an in-depth analysis focusing exclusively on China. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The Pump market in China is currently witnessing consolidation in the form of several mergers and acquisitions. Many large international vendors are acquiring small local vendors to improve their market presence as well as product portfolios. The intense competition in the fragmented Pump industry is another major reason for the increasing mergers and acquisitions in the market.”
According to the report, one of the main drivers is the increased demand for pumps among process manufacturing industries across the country. The increasing globalization witnessed during the post-recession economic growth has paved the way for the emergence of several process manufacturing industries such as the Petroleum, Chemical, Pulp and Paper, Automotive, and Food and Beverage industries across China.
Further, the report reveals that one of the main challenges in this market is the need for increased investment.
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/content/pump-market-china-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Pump Market in China 2011-2015
