2015 Agricultural Pump Market Surpasses $6 Billion USD

At present, agricultural pump products have officially entered the national agricultural machinery subsidy catalogue. With the implementation of the catalogue in all provinces, municipalities, and autonomous regions nationwide, the agricultural water pump industry will enter a period of rapid growth with an annual output value increase of more than 12% in the next few years. Agricultural pumps as a sub-sector of the pump industry account for 14% of sales revenue in the pump industry. By 2015, the global agricultural pump market will exceed US$6 billion.

During the “Twelfth Five-Year Plan” period, China’s pump and vacuum equipment manufacturing industry will maintain a market growth rate of around 20%, and the sales volume in 2015 will reach approximately RMB158.7 billion. In the investment of urban sewage treatment equipment, pumps account for about 15% of the total investment in machinery and equipment. According to this ratio, the demand for pump products in urban sewage treatment will be around 60 billion yuan during the “Twelfth Five-Year Plan” period. There will be nearly 40 billion market demand in the next three years. "2013-2017 China's centrifugal pump manufacturing industry, production and marketing demand forecast and transformation and upgrade analysis report" data show that in 2008, centrifugal pump manufacturing industry sales revenue growth in recent years, the largest, reaching 55.99%, total sales income of 41.029 billion yuan In 2011, the industry sales revenue was 76.534 billion yuan, a year-on-year increase of 29.93%, and the industry was in good condition.