During the Eleventh Five-Year Plan period, China's water conservancy planning investment scale was 462.8 billion yuan, of which, the investment proportion of key water conservancy projects exceeded 50%. Moreover, since 2004, the average annual growth rate of the pump industry has remained at around 20%. The pump industry is a typical investment-driven industry, and market demand is greatly influenced by the national macro policies, especially the macro policies of the water conservancy, construction, and energy industries.
With the continuous advancement of technology, pump products will definitely develop in the direction of intelligence, which can monitor parameters such as pressure, flow, temperature and vibration; be able to evaluate the condition of the pump shaft, bearing and seal; be able to analyze the cause of failure Perform diagnosis, etc.
Technical developments in the magnetic pump and diaphragm pump industries will be concentrated on designing electronic regulating systems, improving drive devices, and seeking new materials.
According to the "Analysis Report on Market Demand and Investment Planning of China's Agricultural Water Pump Industry 2014-2018" released by the Prospective Industry Research Institute: There will be nearly 40 billion market demand in the next three years, and the market prospect is good. In the near future, China's key pump and valve enterprises will certainly be able to catch up with and surpass similar foreign companies, contribute to the nationalization of major national technological equipment, occupy a certain share in the world's pump and valve market competition, and become the world's pump and valve manufacturing industry Power.