Definition of Pump
A pump is a machine that transports or pressurizes fluids. It transfers the mechanical energy of the prime mover or other external energy to the liquid, increasing the energy of the liquid. The pump is mainly used to transport liquids such as water, oil, acid and alkali liquids, emulsions, suspended emulsions, liquid metals, etc. It can also transport liquids, gas mixtures and liquids containing suspended solids.
Introduction to the pump industry chain
Chart: Pump Industry Chain
Industry Development Performance
my country’s water pump industry started later than developed countries in Europe and the United States, but in recent years, with the development of the national economy, the research and development, design and production of the water pump industry have developed rapidly. In recent years, the number and amount of water pump products purchased by foreign sellers in China have steadily increased, and domestic products have been favored by foreign sellers for their high cost performance. Benefiting from the development of computer science and technology, the Internet and emerging business models, pump technology has made great progress in recent years, the application field has been further expanded, and the business model has also developed to a certain extent. Among them, foreign leading companies focus on building new innovation models and combining the latest computer technology with the Internet. Domestic pump companies mainly carry out technological innovation in the fields of import substitution, energy conservation and environmental protection, and industrial upgrading.
Statistics show that the market size of China’s pump industry was 36.014 billion yuan in 2017 and 54.161 billion yuan in 2021. The market size of China’s pump industry from 2017 to 2022 is as follows:
Chart: Market size of China’s pump industry from 2017 to 2022
Current problems in the pump industry
1. Fluctuation of raw material prices and rising labor costs
In recent years, the prices of raw materials such as silicon steel sheets, enameled wires, and aluminum ingots have fluctuated greatly, while labor costs have been on the rise, posing great challenges to the cost control and procurement management of water pump manufacturers. For example, if the price of raw materials rises sharply, the production cost will also rise accordingly, thereby reducing the profit margin of the enterprise. In this context, enterprises with strong technical advantages in the industry can alleviate the pressure brought by fluctuations in raw material prices and rising labor costs to a certain extent by improving process flow, increasing the degree of production automation, and strengthening cost control.
2. The technical level of the industry lags behind the international advanced level.
There are more than 6,000 water pump manufacturers in China, and only about 1,300 enterprises above designated size. Most of them have small production scales, extensive management, low technical level, relatively backward process equipment, no scale benefits, and low brand awareness. When developing international markets, due to the lack of technical and brand advantages, weak bargaining power, low profit margins, and poor risk resistance, large enterprises in the industry have continuously improved their technical level and product competitiveness through years of R&D investment and technical accumulation, and the gap with the international advanced level is narrowing.
3. Domestic market competition is not standardized.
Due to the large number of domestic water pump manufacturers, the backward technology of small and medium-sized enterprises, the serious tendency of product homogeneity, and the fierce market competition. Due to the lack of competitiveness, some small enterprises disrupt the market order by launching inferior products, selling at low prices, and malicious competition. This reduces the profit margin of the entire industry and is not conducive to the progress of industry technology and management level. With the gradual improvement of my country’s legal environment, the implementation of various industry standards and the gradual improvement of market access systems, market competition has gradually become standardized.
Countermeasures for the development of China’s pump industry
(1) Increase the intensity of structural adjustment of the pump industry.
In the previous article, we have mentioned the basic composition of the current pump industry to a certain extent. Faced with the current status of this basic composition, relevant workers must increase the intensity of industrial structure adjustment so that the three parts of the basic composition can develop independently, and the entire pump industry can achieve a thriving development state. In order to achieve this goal, government departments at all levels across the country should increase the intensity of industrial structure adjustment and actively promote new equipment and new technologies in the process. Moreover, contemporary state-owned enterprises and joint-stock enterprises must cooperate with government departments to do this work well. From the perspective of development, new equipment and new technologies are of extraordinary significance to state-owned enterprises and joint-stock enterprises. Such cooperation often allows small and medium-sized private enterprises in the middle and lower reaches to develop to a certain extent. “
(2) Actively adopt new technologies.
We live in an era of rapid development of information technology. Every day, every moment, new technologies are born and applied to the actual work process. According to a field survey, these new technologies have achieved quite good results and basically achieved an improvement in production efficiency. On the other hand, China’s current social and economic development is getting faster and faster, and various production equipment has been in short supply. After a short period of development, the pump industry will also face such a situation. The working mechanism performs reciprocating linear motion or swings within a certain angle range, and there is no other transmission mechanism, which reduces the difficulty and degree of the staff’s work.
Zhiyanzhan Industry Research Institute focuses on China The main products and services provided by the company include traditional and emerging industry research, business plans, feasibility studies, market research, special reports, customized reports, etc. It covers fields such as culture and sports, logistics and tourism, health and elderly care, pumps, energy and chemical industry, equipment manufacturing, automotive electronics, agriculture, forestry, animal husbandry and fishery, and also conducts in-depth research on emerging fields such as smart cities, smart life, smart manufacturing, new energy, new materials, new consumption, new finance, artificial intelligence, and “Internet +”.
What is the market prospect of the pump industry? The “2022-2028 China Pump Industry Analysis Report-Market Supply and Demand Status and Development Trends Research” released by Zhiyanzhan Industry Research Institute has analyzed the relevant definitions of the pump industry in detail. , the current status of the global pump industry market, the development environment of China’s pump industry, the operation of China’s pump industry, the operation data monitoring of China’s pump industry, the Chinese pump market structure, the characteristics and dynamics of China’s pump industry demand, the current status of China’s pump industry regional market, the competition of China’s pump industry, the analysis and forecast of China’s pump industry development prospects, the development strategy and investment suggestions of China’s pump industry, etc., to help enterprises and investors understand the investment value of the pump industry market. If you want to have a systematic understanding of the pump industry or want to invest in the pump industry, this report is an indispensable tool for you.
