Chinese pump Industry overview in 2023

Looking back Chinese pump market in 2023, thanks to the strong drive by water treatment, petrochemicals ,renewable energy and energy storage as well as increasing market demand for high-efficiency ,intelligent and environmentally pump products, the overall trend of pump business is steady increase. Pump companies respond to this trend actively and focus on the application of intelligent control, IoT Integration and new material to improve the efficiency and reliability of pump products, reduce energy consumption, meet increasingly stringent environmental requirements, thereby promoting technological innovation and industrial upgrading.

In the competitive market environment, the industry concentration increases gradually. Some large pump companies reinforced their solid market position by leading technological innovation and strong brand influence. The special pump market, in particular, the chemical pump and ground source heat pump fields, becomes a hot topic within industry and attracts a large number of manufacturers.

As key production base of the global pump industry, Chinese pump product export grows year by year and international market share increases continuously, which demonstrates strong international competitiveness.

The TOP Ten Pump Sales in 2023 

Comparing with performance of 38 pump factories in 2023, most pump factories achieve year-on-year sales growth and more than ten pump companies exceed a double - digit growth rate. These manufacturers has significant growth in nuclear power, municipal water treatment, energy storage, ships and heat pumps fields etc.. In contrast, few pump factories sales decline due to the affection of the industry overall downturn trends of building construction and chemical industry etc. or product has too much concentration of single market applications.

It’s worth to notice that 2023 witnessed the deep commitment by foreign pump brands on Chinese market. They express their firm confidence and strong support to the Chinese market by FDI on Chinese market .

Among them, the expansion of KSB Chemical Pump Factory Project in China is most attractive . KSB Chemical Pump Factory Project was laid on April 28, 2023.The total investment is 18 million Euros by two phases. The main structure of the first phase has been completed and the equipment commissioning and delivery will be officially completed in June 2024. After put into production, it will achieve the annual output target of 2,500 sets of various chemical pumps in the short term. The additional capacity will increase 450 million of turnover.

The petrochemical energy high-efficiency pump manufacturing base was started to be constructed at Shanghai KSB Minhang Factory on April 28, 2023 .It plans to build a green, digital workflow chemical process pump factory with a total investment of RMB 110 million. This is the largest comprehensive investment project of KSB Shanghai Pumps Co., Ltd. since it was founded. The new factory covers an area of 8,000 square meters and specializes in producing chemical pumps and standard pumps. After put into operation, the production capacity will increase by 300% under full load operation.