Chinese Water Pump Market Grows

The industrial pump market in China is forecast to reach $8.4bn by 2015 due to increasing demand in the wastewater segment.

China will account for 21% of the $40bn global pump market in the next five years, with wastewater constituting the largest industry segments for pumps amounting to $2.8bn.

According to a report by McIlvaine, China is planning to add 15,000 million gallons a day of municipal sewage treatment in five years, which will drive the pump market in China.

The country’s power sector will be another major driver for the pump market accounting for $17bn, according to worldpumps.com.