Magnification of Industrial Pump Industry in China: Ken Research

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Magnification of Industrial Pump Industry in
China Ken Research
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• The device used in transforming fluid energy my
  mechanical action is called a pump. The demand
  for global general pump is exceeding USD 60
  billion yearly which include industrial pumps,
  residential pumps and hydraulic pumps. Water
  pumps are the largest category in terms of range
  of services.
• According to the market research report "Research
  Report on Industrial Pump Industry in China,
  2017-2021", South East Asia and south Asia are
  the regions where the demand of industrial pumps
  are continuously

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• increasing on a faster pace with the growth of
  emerging economies according to CRI. There is a
  large proportion of demand in the global market
  especially in the European, US and China
  countries. The demand for pumps keeps increasing
  as economy rises in developed countries as well.
  The demand for US and European countries will
  decline and in other countries will rise because
  of change in the global industrial development
  pattern.
• There were numerous manufacturers by the end of
  May 2017 over 2000 in China. The manufacturers of
  the pump in China can produce 5000 kinds and 450
  series of pumps. In 2016, more than 100 million
  of pump is produced in terms of volume. There are
  many small sized pump manufacturers in China pump
  industry, which uses backward equipments and
  techniques, which concludes in a poor quality
  output. China pump industry is at a low level in
  technological content internationally and there
  are still

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• high-end products, which still depend on the
  imports until now.
• Industrial pump is important corollary equipment
  in manufacturing industry of equipment because it
  has various benefits. It has encouraging and
  supporting policies of the Chinese government,
  which aim to promote equipment-manufacturing
  industry, according to CRI. Enactment of several
  documents in order to facilitate the
  manufacturing industry was drafted by the Chinese
  government, which includes the implementation on
  planning rules of adjustment and revitalization
  of equipment manufacturing industry. Also it is
  estimated that in future years the action plan of
  energy saving, emission reduction, upgrading and
  retrofitting of coal-fired power plants, Made in
  China 2025 will be fulfilled, which offers policy
  support for the development of pump industry.
• In last year, there is rise in the costs, which
  includes labor land, and

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• the price of export products rose accordingly.
  However, there is still an advantage of price for
  pumps manufacturer in China's compared with those
  in developed countries. The prospect of pump
  industry will be better with the strengthening of
  research and development. There is improvement of
  production techniques there is growth of product
  technological content and in quality as well.
  There is rise in the demand for industrial pumps
  in local market as there is up gradation in
  China's manufacturing industry. Electric power,
  water, environment protection is also developing
  in the industry. Until 2021, the industrial pump
  industry in China will observe a growth.
• Key Topics Covered in the Report
• China Industrial Pump Industry Market Research
  Report
• China Industrial Pump Industry Market Size
• China Industrial Pump Industry
• China Industrial Pump Industry Trade Market

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China Industrial Pump Industry Production
Output China Industrial Pump Industry Import
Volume China Industrial Pump Industry Export
Volume China Industrial Pump Industry Market
Future Outlook China Industrial Pump Industry
Market competition China Industrial Pump Industry
Retail Market China Industrial Pump Industry
Market Growth Rate China agriculture equipment
industry For further details of the report
visit https//www.kenresearch.com/manufacturing-a
nd-construction/machinery-and-parts/research-repor
t-industrial-pump-china/116838-97.html
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