Submersible Pumps Market in China 2015-2019 - New Market Report

From: Fast Market Research, Inc.
Published: Mon Aug 31 2015


Fast Market Research announces the availability of Technavio's new report "Submersible Pumps Market in China 2015-2019" on their comprehensive research portal.

Submersible pumps come under centrifugal pumps, and these pumps are submerged in the fluid to be pumped. The main benefit of using these pumps is to prevent cavitation. Cavitation is a problem associated with the high elevation distance between fluid surface and pumps. Jet pumps are used to pull fluids to the surface, but submersible pumps push the fluid to the surface.

Technavio's analysts forecast the submersible pump market in China to grow at a CAGR of 7.52% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Submersible Pumps Market in China 2015-2019

The report analyst commented, "China was one of the fastest growing economies in the world from 2000 to 2008. Since the global economic recession, the country's economy has been recovering steadily. This improving economic scenario has caused the emergence of several cost-driven manufacturing companies in the country. In addition, more companies in the Americas and EMEA are outsourcing their production work to low-cost manufacturing companies in China. Thus, there should be increased investment in China from both domestic and international vendors, which will favor the country's market for submersible pumps."

According to the report, process industries such as chemical, mining, oil and gas, and refineries drive the submersible pumps market in China. The steady revival of the Chinese economy has led to the emergence of several process-manufacturing industries across the country. In addition, companies from the Americas and Europe are outsourcing their production work to low-cost manufacturing companies in China at an increasing rate. Several international companies are setting up plants in China to take advantage of the availability of low-cost skilled labor. Therefore, increased investment from both domestic and international vendors is expected during the forecast period. Thus, process-manufacturing industries are emerging at a rapid rate, which is expected to drive the demand for the submersible pump market in China.

Further, the report states that government regulations are making the production of pumps more expensive for vendors, impacting the growth of the market and deterring the entry of new players.

The key players in the Submersible Pumps Market in China are Baker Hughes, General Electric, Grundfos Group, Halliburton and Schlumberger while other prominent vendors include Anhui Sanlian Pump, Ebara, Flowserve, Foshan Andritz Technologies, ITT, KSB, Robbins & Myers, Sulzer and Tianjin Rongheng Group

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Asia-Pacific Submersible Pump Market - Trends and Forecasts to 2014 - 2019
- Liquid Pump and Elevator Markets in the World to 2019 - Market Size, Development, and Forecasts
- Liquid Pump and Elevator Markets in the Top 5 American Countries to 2019 - Market Size, Development, and Forecasts
- Liquid Pump and Elevator Markets in Europe to 2019 - Market Size, Development, and Forecasts
- Liquid Pump and Elevator Markets in Western Europe to 2019 - Market Size, Development, and Forecasts

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »