pump

" Pumps are vital elements in an enormous range of fluid handling applications used in the water, chemical and energy industries. World pump demand is projected to rise over four percent per year through 2010 (including price increases) to $36 billion. The best prospects for pump suppliers will continue to be found in the developing regions, especially Asia, where China and India are expected to enjoy strong growth. With the expansion of Chinese economy in recent years, growing needs of energy and subsequent environmental challenges have resulted in huge demand of pumps, valves and fluid treatment systems. According to statistics, the world market for industrial pumps will rise from $27 billion in 2005 to $ 31 billion in 2007 and China will be the fastest growing market with is estimated growth rate twice that of the total market. China now produces more than 1200 different types of pumps. Pumps in China are. manufactured by a wide range of enterprises and the vast majority of these are small. In. 1997, over 2.2 million pumps were sold in the Chinese market."