The Stainless steel pump will become the new development direction of China’s pump industry. At present, China’s stainless steel consumption has reached the highest level in the world and is close to 1/4 of the global total consumption. The per capita stainless steel consumption has reached 3.4KG, ranking among the top among developing countries. However, the growth rate of consumption has gradually slowed down, from a super-high-speed development stage with an average annual growth rate of more than 30% to a steady development stage with a current growth rate of 6.43%.
Due to its corrosion resistance, high-temperature resistance, wear resistance, and other characteristics, stainless steel will play a more active role in China’s key development fields such as energy, petrochemical, electric power, and mining. Nowadays, stainless steel pumps are involved in more and more fields, and the demand in the water industry, construction and structure industry, environmental protection industry, and industrial facilities will also increase year by year.
Stainless steel pumps have excellent characteristics such as corrosion resistance, high strength, lightweight, and long service life. In recent years, stainless steel screw pumps have been widely used in the chemical industry, shipbuilding, rail vehicles, and other transportation industries. With the development of the machinery manufacturing industry, stainless steel pumps will have a broader application prospect.
The stainless steel pumps driven by the stainless steel industry have a good market development prospect. It is not only a civil stainless steel water pump, but also a stainless steel industrial pump (such as a stainless steel screw pump) required by the industrial field. It is estimated that China’s stainless steel pump market will reach 3 billion in the past ten years.