The annual growth rate of pump demand in the next 10 years is approximately 6%

In 2011, the annual growth rate of domestic pump production was 10.5%, which was approximately 1.5 times the national economic growth rate and 2.5 times the annual pump growth rate of 4.3%. Following the development of construction, electricity, steel, petrochemical, and environmental industries and the increase in exports of pump products to the Third World, this rapid growth situation will remain for several years.

It is understood that China is an important supplier of pumps, and the export volume of pumps already accounts for about 1/10 of the world's exports. Among them, one-fifth of the pump components imported from the United States come from China, one-fourth of the pump components imported from Japan come from China, and one-third of the pump components imported from Europe come from China. What is even more remarkable is that China itself is perennial. The required pump products account for 1/10 of the world's pump market. These data have provided China with a strong opportunity for development. The data shows that in the next 10 years, the annual growth rate of the pump industry demand will be about 6%, of which the demand in China will accelerate.