This period is characterized by a significant growth of the sales volumes reported for the world top companies in the Chinese market of pumping equipment.
As to the application of technical innovations in the manufactured pumping equipment and its energy efficiency, the Chinese companies are definitely inferior to the leading foreign manufacturers of pumps. At the same time, the Chinese government policy is targeted at a significant growth of energy efficiency in the national economy for the next five years. As a result, the quality of pumping equipment made in China will improve and the cost difference between Chinese and foreign products will reduce gradually. Also, it will eliminate technology obsoleteness of the Chinese pumping equipment.
It is expected that in 2009 the volume of production of pumps in China will reach US$7.04 billion.
Company Abercade is proposing a market research of the Chinese market of pumping equipment for 2008. The research highlights trends of the Chinese market of pumps used for pumping liquids in the key segments; reviews the structure of production, import, and export of pumping equipment; and, shows the demand for pumps with breakdown by Chinese region. Price analysis of the Chinese market of pumping equipment by segment and forecast of the pumping equipment market size until 2011 are presented.