Analysis of Opportunity for the Development of Pump Valve Industry in China

The opening ceremony of the first China International Green Innovation Technology Products Exhibition (hereinafter referred to as “Green Innovation Exhibition”) was held in Guangzhou Canton Fair Exhibition Hall. Gao Hucheng, Deputy Minister of International Trade Negotiations and Deputy Minister of Commerce, was on the day of the “Green Innovation Low Carbon Development” main forum. It stated that the country is deploying measures to promote better and faster development of the low-carbon economy. The environmental protection industry of pumps and valves or the low carbon economy has ushered in a good opportunity for development.

China is an important supplier of pumps. The export volume of pumps accounts for about one-tenth of the world's exports. One-quarter of the entire United States imported pump equipment comes from China, and one-fifth of imported pump components come from China. China is also an important pump market. Pumps used in China account for 1/10 of the world's pump market. According to the Asian Pump Network, the annual growth rate of the pump industry demand is about 6% in the next 10 years, of which the demand in China will accelerate.

Water pumps and valves, as indispensable mechanical equipment in the environmental protection water treatment process, will effectively promote China’s environmental protection construction, help the “Twelfth Five-Year Plan” and implement a new type of industrialization development path, in accordance with the direction of a resource-saving and environment-friendly society. Development, the next 20 years, the world's investment in energy-saving industries will be nearly 7.6 trillion US dollars, of which China will account for 40%, reaching nearly 20 trillion yuan. This undoubtedly means that the environmental protection industry of energy-saving pump valves is entering an "unprecedented" development opportunity. As an important part of promoting green and low-carbon development, pump valves and fluid machinery will create an excellent opportunity for market intervention for Chinese and foreign companies.

Background introduction:

China International Green Innovation Technology Products Exhibition is the green industry exhibition with the highest standard and exhibition area supported by the Chinese government so far. It is jointly supported by seven departments including the National Development and Reform Commission and the Ministry of Commerce and four provincial governments including Guangdong and Shanghai. It is scheduled to be held every November. 9th-11th held in Guangzhou. The exhibition attracted more than 500 Chinese and foreign companies, including China Mobile, US General Electric, Germany's Siemens and other Fortune 500 companies.

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