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  • The market scale of China’s water pump industry

    You are here: Home » News » News & Events » The market scale of China’s water pump industry

    Each pump product has its many types, consumers can choose according to their own needs, taking water pump as an example. According to the operation state, the water pump can be divided into working pump, standby pump and standby pump. In addition, the main pump sometimes includes booster pump, feed pump and other front-end pump; according to the working mode, the water pump can be divided into full load operation pump or basic load operation pump, part load operation pump or low load operation pump, high peak load operation pump, auxiliary pump, starting pump and emergency pump.
    With the improvement of the localization rate of pump products in major projects during the 13th Five Year Plan period, it has basically met the needs of national economic construction and development. Although China’s water pump industry enterprises have achieved great technological leaps in the national economic construction, there is still a gap between China and developed countries in terms of the current overall situation of the industry. In particular, the ability of independent development of enterprises is weak, and the core technology of products with high technology content and high added value urgently needed by national economic development has not been mastered, and there are still many problems to be solved. According to the statistics of drainage and irrigation machinery branch of Agricultural Machinery Association, in 2014, there were about 20 million submersible electric pumps among 124 million pumps in China, including more than 3 million submersible electric pumps for wells. In 2015 and 2016, China’s pump output decreased, and in 2017, the pump output rose slightly, reaching 122 million units. Under the circumstances of global water shortage, aggravating drought degree and increasingly serious surface water pollution, China’s pump output has increased. In 2017, China’s pump output reached 96.54 million units, an increase of 1.76% year-on-year. In 2017, the market scale of China’s water pump industry was about 170.5 billion yuan, an increase of 4.73% compared with 2016.
    The increasingly fierce market competition in the water pump industry makes many pump manufacturers realize that quality, price, technology and service will become important factors in the industry competition. Despite the impact of rising raw material costs, the water pump industry has maintained a relatively stable development. The main reason is that the urbanization construction and the increasingly improved infrastructure have promoted the water pump industry to enter the sales peak. With the continuous increase of the implementation of national driving domestic demand, the construction of water conservancy and electric power projects will promote the development of the pump industry, making the pump industry get a historical development opportunity. More and more multinational pump manufacturers have entered China, and the market competition of pump industry has become international. Domestic pump manufacturers will face great challenges in technology and management. In the process of integration, those small and medium-sized enterprises that lack market and technical competitiveness will face the danger of being eliminated. This will help to adjust the market order of the pump industry and improve the market concentration of the pump industry.

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