NR1902

NEWS RELEASE                                                                                                    JANUARY 2014

China Will Spend $8.5 Billion for Pumps This Year

Pump sales in China will reach $8.5 billion in 2014. This is the latest forecast in the McIlvaine Pumps World Market report.

Top of FormPump Revenues $ Millions     

  

Industry

  
  

2014

  

Total

 8,491  

Chemical

 510  

Electronics

 13  

Flood Control

 112  

Food

 189  

Metals

 170  

Mining

 620  

Oil and Gas

 114  

Other Industries

 976  

Pharmaceutical

 36  

Power

 1,240  

Pulp & Paper

 223  

Refinery

 131  

Stone

 934  

Wastewater

 1,586  

Water

 1,638  

Over $3 billion will be spent by municipalities for wastewater and drinking water plants. The continuing population shift to the cities, the higher standard of living and increased expectations are driving infrastructure expansion.

The pump expenditures by power plants will exceed $1.2 billion. There will be an addition of more than 50,000 MW of new power plants this year. In addition, there will be some retrofits of flue gas desulfurization (FGD) systems. These systems have large pump requirements. A big effort to reduce NOx is resulting in a market for ammonia pumps.

The chemical industry is growing thanks to both international and domestic investment. Mines will spend over $600 million for pumps for use in China. It is also significant that Chinese companies are influencing pump purchases in Africa and South America.

For more information on Pumps World Market, click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/116-n019