Centrifugal pump imports are expected to reach 5 billion U.S. dollars in 2020

In recent years, China's centrifugal pump industry has developed rapidly, benefiting from the continuous improvement of the production technology in the centrifugal pump industry and the continuous expansion of the downstream demand market. The development of the centrifugal pump industry in the domestic and international markets is very promising.

It is estimated that by 2020 or so, China’s future centrifugal pump import market share will reach an astonishing 5 billion US dollars, surpassing the US’s 4.9 billion US dollars to become the world’s largest importer of centrifugal pumps. The three to six centrifugal pump imports will then be: Japan, India, Germany and France.

The reason for this huge trend is precisely due to the municipal sewage treatment factors required for China's current rapid modernization of the city. In Asia, billions of immigrants have come to the cities from rural areas, which has forced their countries to build more sewage treatment plants, especially in China. The development of the chemical industry is also an important factor in the increase in imports of centrifugal pumps in China. The third reason is energy development. In 2007, China had the world's most advanced coal power generation technology. By 2011, China will have twice as much coal power capacity as the United States, and its coal power generation capacity will far exceed that of the EU. The energy industry will undoubtedly also allow China to import more centrifugal pump products.

In 2010, China's centrifugal pump industry is facing a new development situation. As the number of newly-entered enterprises continues to increase, the prices of upstream raw materials continue to rise, resulting in lower profits for the industry. As a result, the market competition in China's centrifugal pump industry is becoming increasingly fierce. Faced with this situation, companies in the centrifugal pump industry must actively respond to it, focus on cultivating innovation capabilities, continuously improve their own production technologies, and strengthen their competitive advantages. At the same time, enterprises in the centrifugal pump industry should fully grasp the market's operational status. Constantly learning the latest production technologies in the industry, understanding the direction of national policies and regulations in the industry, and grasping the development trends of competitors in the same industry. Only in this way can companies fully understand the development status of the industry and their position in the industry, and formulate the correct Develop strategies to enable companies to take the lead in cruel market competition.