Beijing, China, December 30, 2011 --(PR.com
)-- China’s centrifugal pump market in China is worth approximately RMB 30 Bn as of year-end 2011, according to a recent report by GCiS China Strategic Research.
The growth of low pressure centrifugal pump sales is surging at 15%, while the high pressure market is experiencing a more modest 5%. This is due to heavy levels of sustained investment on water projects nation wide by the PRC government.
China routinely witnesses simultaneous droughts and flooding across its land mass. Projects such as the proposed south-north water diversion will require more than 23 major pumping stations, each of which will need enough pumps to keep the equivalent of a major river flowing. Medium and low pressure pumps are to be the work horses of such infrastructure projects.
High pressure pumps have a more specialized role in the manufacturing process such as boiler water feeders in power plants. These pumps see lower demand due to their specificity of application.
The GCiS study covers each of these products by each of the major end-user industries. The largest, construction, continues to be one of the main contributors to China growing economy and is expected to drive an 11% CAGR to 2015 for centrifugal pumps sales.
About the GCiS China Centrifugal Pump Market Study
This GCiS market study draws on a three month, in-depth primary survey of over 70 of the market’s supply side and downstream players. It is essential reading for any professional needing accurate and detailed strategic information of this market. Major areas covered include: market size and shares, five-year projections, market structure, value chains, pricing trends, distribution, consumption, an assessment of key suppliers and more.
About GCiS China Strategic Research
GCiS (ww.GCiS.com.cn) is a China-based market research and advisory firm focused on business to business markets. Since 1997, GCiS has been working with leading multinationals such as Siemens and GE in sectors ranging from technology to industrial markets, power, chemicals, resources and a few others.