China Industrial Pumps Market Size & Outlook, 2023-2030
China industrial pumps market, 2018-2030 (US$M)
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China industrial pumps market highlights
- The China industrial pumps market generated a revenue of USD 8,677.5 million in 2023 and is expected to reach USD 12,590.1 million by 2030.
- The China market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, centrifugal pump was the largest revenue generating product in 2023.
- Positive Displacement Pump is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial pumps market data book summary
| Market revenue in 2023 | USD 8,677.5 million |
| Market revenue in 2030 | USD 12,590.1 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal Pump, Positive Displacement Pump |
| Key market players worldwide | Flowserve Corp, Sulzer AG, Pentair PLC, ITT Inc, Schlumberger Ltd, Ebara Corp, Weir Group PLC, Ingersoll Rand Inc, Grundfos |
Other key industry trends
- In terms of revenue, China accounted for 19.8% of the global industrial pumps market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial pumps market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,655.4 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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China industrial pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial pumps market will help companies and investors design strategic landscapes.
Centrifugal pump was the largest segment with a revenue share of 66.71% in 2023. Horizon Databook has segmented the China industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
The industrial pumps market in China is anticipated to be driven by the growing investments in chemical, petrochemical, and construction industries. As per a report published by BASF SE, the chemical production growth rate in China exceeded pre-pandemic levels to 6.3% in 2021, following a dip in 2020 to 3.4%.
China is one of the most important emerging countries globally. According to the International Monetary Fund, the GDP growth in China contracted by 2.3% in 2020. The economic growth in China was impacted by the deepening U.S.-China trade tensions as well as COVID-19 outbreak in 2020. According to the IMF, GDP growth in 2021 was 8.0% and is expected to be 5.6% in 2022.
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Our clientele includes a mix of industrial pumps market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into China industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China industrial pumps market size, by product, 2018-2030 (US$M)
China Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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