China’s plan to move 250 million rural residents into new urban
areas over the next few years.
China’s plan to move 250 million rural residents into new urban areas over the next few years.

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?

To find out download the article now.