China's pump industry is promising

It is understood that China is an important supplier of pumps, and the export volume of pumps already accounts for about 1/10 of the world's exports. Among them, one-fifth of the pump components imported from the United States come from China, one-fourth of the pump components imported from Japan come from China, and one-third of the pump components imported from Europe come from China. What is even more remarkable is that China itself is perennial. The required pump products account for 1/10 of the world's pump market. These data have provided China with a strong opportunity for development. The data shows that in the next 10 years, the annual growth rate of the pump industry demand will be about 6%, of which the demand in China will accelerate.