Strong Growth in China Centrifugal Pumps Market Despite Limited Customer Awareness and Product Knowledge

Shanghai, China, January 16, 2010 --(PR.com)-- The study finds specificities in the Chinese CP market resulting from the country’s recent fast economic development. Fast growing needs for CP in several sectors have led to the commercialization of very low quality pumps purchased by customers with little knowledge of the product. In this RMB 20 Mn market growing more than 10% a year and largely unaffected by the global downturn, the accessible market for foreign suppliers is now opening wide opportunities. However, technical and contextual input with customers remains a crucial purchase factor that needs to be addressed by high-end suppliers.

Best opportunities are found in the petrochemicals and power industries, and in water applications. Major customers in these sectors are SOEs and local governments, often seeking long-term partnerships based on direct contact with suppliers. Other customers are construction companies and manufacturers of steel, chemicals and light industry products, sectors where a large amount of low-end products dominate the market, despite upward quality trends and a gradually improving regulatory environment.

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Beijing: Ed Barlow 86-10-5978-9958 (ext. 124) research@gcis.com.cn
Shanghai: Matt Verbaet 86-21-6251-3173 matthieu@gcis.com.cn

About the GCIS China Centrifugal Pumps Market Report
This GCiS market study draws on a three month, in-depth primary survey of over 100 of the market’s supply side, channel players and end-users. It is essential reading for any professional needing accurate and detailed strategic information on this market. Major areas covered include: market size and shares, five-year projections, market structure, new vs. replacement sales, pricing trends, distribution, consumption, an assessment of key suppliers and more.

About GCiS China Strategic Research
GCiS (www.GCiS.com.cn) is a China-based market research and advisory firm focused on business to business markets. Since 1997, GCiS has been working with leading multinationals such as Siemens and GE in sectors ranging from technology to industrial markets, medical, chemicals, resources, and a few others.