In its online report, Pumps World Market, the McIlvaine Company is forecasting that industrial pump sales in Asia will reach US$15.4 billion in 2012. The company expects 2008 pump sales to reach $11.7 billion. Based on these figures, industrial pump sales in Asia will grow approximately 32% over the next four years.
“We see China as a major growth market for industrial pump sales, particularly in the area of wastewater treatment,” states Robert McIlvaine, president of the McIlvaine Company. “As the Chinese population continues to migrate into urban areas, China will be building new wastewater treatment plants in many of its cities. Each of these facilities, of course, will need to be fitted with pumps, valves, piping, and fittings”.
The Pumps World Market online report includes worldwide industrial pump revenue forecasts and is viewable by industry segment, country, and pump type. A yearly subscription, the report includes monthly updates of project announcements, new product releases, financial reports, and other pump market news.