Chinese market for centrifugal pumps driven by demand from developing infrastructure

New analysis from Frost & Sullivan, titled Chinese Positive Displacement and Centrifugal Pumps Market, reveals that the market earned revenues of US$6.1 billion in 2006 and estimates this will reach US$18.1 billion in 2013.

The Chinese market for positive displacement and centrifugal pumps is huge, though highly fragmented. Rapid infrastructure development in processing and other related industries largely drives this market.

The major target markets for pump manufacturers include water and wastewater treatment, power generation, chemicals, petrochemicals, oil and gas. Demand from these segments expects to increase, though the growth rate may decline in the next few years. Among these, the wastewater treatment segment will likely offer the greatest scope for revenue growth.

"The government is investing large amounts of funds into water treatment in order to achieve the goal that the average concentrated sewage treatment must reach from 60% to 80% in 2010, to match the rate of urbanisation," said Frost and Sullivan research analyst Vickertal Chen.

"The launch of a national key project named "˜South-to-North Water Diversion Project' is also anticipated to boost revenues."