How to compete with the Chinese pump market

The Chinese pump market is already indisputably massive. In terms of centrifugal pump unit shipments. With shipments expected to grow at a Compound Annual Growth Rate (CAGR) of 6% from 2012 until 2017, the Chinese market will reach nearly 13.5 million units sold annually by 2017.

This would increase the aforementioned shipment percentages for the world and Asia Pacifi c markets to 28% and 65%, respectively.

Still, immediate growth is not necessarily imminent. The Chinese government’s focus on financial stability rather than short-term growth could cause a delay in this expected surge.

So how can Western pump companies prepare for the trends of the future and ensure that they can maintain a competitive edge in such a complex market?

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