Pump industry is a very long history of the industry, but China's pump industry started much later than the developed countries to start. With China's vast market demand and production advantages, the rapid development of China's pump industry, in the development of several decades has also made outstanding achievements. In the past, China's pump industry, backward production capacity, can not meet the needs of the domestic market, many high-end equipment needs to be imported from abroad. Now, with the rise of China's manufacturing industry, China's pump industry has formed a huge industrial scale, not only to meet the needs of the domestic market, but also export abroad for China's exports made outstanding contributions.
Pump manufacturing industry is labor-intensive industries. China's rich human resources, workers, low-cost wages, so the water pump products produced in China have a strong price advantage, which is our water pump products in the international market welcomed the most important reason. However, China's micro-pump industry, compared with foreign advanced technology, there is still a big gap. In some high-end water pump products is still far behind the developed countries, low-end product overcapacity is also hindering China's pump industry to further enhance one of the problems.
With the country in recent years for the improvement of labor and social security, and the improvement of raw material market prices, China's pump industry profit margins are gradually reduced. At the same time, China's construction, environmental protection and other sectors of the rapid development of many foreign pump manufacturers fancy China's vast market prospects, but also to join the domestic water pump market in the fierce competition to China's pump manufacturers brought no small pressure. Throughout the development of China's pump market, industry analysis, China's continued growth in market space is the fertile soil of China's water pump production. But the domestic water pump industry should also be aware of the price advantage alone can not get a long-term market development, how to start from their own to improve the core competitiveness of enterprises should be the future of China's water pump enterprises to think and solve the problem.