NR1756

NEWS RELEASE                                                                                                    April 2013

Chinese Pump Revenues to Exceed $8 Billion in 2014

Industrial pump purchases in China will rise from $7.4 billion this year to over $8 billion in 2014 for an increase of eight percent. This is the latest forecast in Pumps World Markets published by the McIlvaine Company.

Chinese Pump Revenues

($ Millions)

Industry

2013

2014

Chemical

467

 510

Electronics

 20

 20

Flood Control

 104

 114

Food

 175

 191

Metals

 156

 170

Mining

 574

 626

Oil and Gas

 98

 108

Other Industries

 539

 589

Pharmaceutical

 41

 47

Power

 1,102

 1,160

Pulp & Paper

 205

 226

Refinery

 116

 128

Stone

 838

 913

Wastewater

 1,529

 1,586

Water

 1,486

 1,644

Total

7,450

8,032

 

Municipal water and wastewater will be the leading application segments. China is rapidly building its water infrastructure. It is also adding secondary treatment capacity to treat wastewater.

Power is the next largest category and will account for pump revenues in excess of $1.1 billion. China is building more coal-fired power plants each year than any other country. It is also retrofitting scrubbers to capture SO2. These scrubbers require large pumps.

The stone and cement industry is also a big segment. China produces more than 50 percent of the worlds cement. The mining industry is also a big purchaser. China is the world’s leading coal producer. Because of lack of rail infrastructure more of this coal is conveyed in slurries to the power plants than in other countries.

China is moving forward in the oil and gas sector. It is a leader in direct liquefaction of coal. This process requires a substantial investment in pumps.

For more information on Pumps World Markets click on: http://home.mcilvainecompany.com/index.php/component/content/article?id=75