China Industrial Pumps Market Size & Outlook, 2023-2030
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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 |
|---|---|---|---|---|
| Grundfos | View profile | 10001+ | Bjerringbro, Midtjylland, Denmark, Europe | http://www.grundfos.com/ |
| Ingersoll Rand Inc | View profile | 18000 | 525 Harbour Place Drive, Suite 600, Davidson, NC, United States, 28036 | https://www.irco.com |
| Weir Group PLC | View profile | 12638 | 1 West Regent Street, 10th Floor, Glasgow, United Kingdom, G2 1RW | https://www.global.weir |
| Ebara Corp | View profile | 19629 | 11-1, Haneda Asahi-cho, Ohta-ku, Tokyo, Japan, 144-8510 | http://www.ebara.co.jp |
| Schlumberger Ltd | View profile | 111000 | 5599 San Felipe, 17th Floor, Houston, TX, United States, 77056 | https://www.slb.com |
| ITT Inc | View profile | 10600 | 100 Washington Boulevard, 6th Floor, Stamford, CT, United States, 06902 | https://www.itt.com |
| Pentair PLC | View profile | 10500 | 70 London Road, Regal House, Twickenham, London, United Kingdom, TW13QS | https://www.pentair.com |
| Flowserve Corp | View profile | 16000 | 5215 North O’Connor Boulevard, Suite 700, Irving, TX, United States, 75039 | https://www.flowserve.com |
| Sulzer AG | View profile | 13300 | Neuwiesenstrasse 15, Winterthur, Switzerland, 8401 | https://www.sulzer.com |
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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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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