Global pump market analysis

At present, the largest pump enterprises are mainly located in Denmark, Germany, Japan, the United States and other places, the global market is huge, and the Chinese market is an important part of the global pump market. 
Chinese water pump enterprises in the global market analysis:
There are many kinds of pumps, usually according to the working principle can be divided into vane pump and positive displacement pump. Vane pump relies on the rapidly rotating impeller force to transfer mechanical energy to the liquid, so that its kinetic energy and pressure increase to achieve liquid delivery, vane pump includes centrifugal pump, axial flow pump and mixed flow pump, of which centrifugal pump is the most common vane pump. Positive displacement pump depends on the working elements in the pump cylinder for reciprocating or rotary movement, so that the working volume of the pump cylinder alternately increases and decreases, in order to achieve the suction and discharge of liquid, positive displacement pump includes reciprocating pump and rotor pump.
Civil pump products are mainly used by end users in agricultural irrigation, domestic water and other fields, and these user groups are highly dispersed, and the purchase behavior is a small number of batches. In order to cover as many countries or regions as possible to end users and save marketing and management costs, civil pumps generally use the distribution model for sales, through dealers to expand product coverage of the region, effectively promote the growth of market share.
From a global perspective, foreign pump manufacturers are mainly distributed in Germany, the United States, Italy and other countries; Domestic pump enterprises are mainly concentrated in Zhejiang, Shandong, Jiangsu, Liaoning, Fujian, Guangdong, Hunan and other provinces and cities, of which Wenling City in Zhejiang Province is an important pump production base in China, known as China's "pump town". From the geographical distribution point of view, the Asia-Pacific region due to the large population, is the largest pump market, in China, India and other emerging economies driven by infrastructure construction, has become the fastest growing pump market, followed by Europe and North America, with a certain regional.
After years of development and accumulation, China's pump production and technical level has been greatly improved, forming a complete R & D, production and sales system, the national pump production enterprises more than 6,000, is the world's important pump products production base. In 2021, the global pump market size will be 57 billion US dollars, and in 2022, the global pump market size will reach 64 billion US dollars, with an average annual growth rate of 4.7% during 2023-2026. In 2021, the Asia-Pacific market is the largest, accounting for 37%, while Europe and the Americas together account for 52%.