The current situation of China's pump industry and its comparison with developed countries

2021-07-26

In today's era of rapid development of diversified information technology, pumps are no longer considered high-tech products, but they continue to play a crucial role in the development of the national economy. They are widely used in key sectors vital to national economic security and defense, including energy, petrochemicals, aviation, aerospace, steel, and military industries. Pumps are often referred to as the heart of industry, and this analogy holds true. As a major manufacturing and pump market, China faces questions regarding the current state and future prospects of its pump industry, and how it compares to global leaders. What are the shortcomings, and how can the industry improve? These are critical questions for those in the pump industry to consider.

The Current Situation of China's Pump Industry

1. Lack of Competitive Enterprises
China's large and medium-sized pump manufacturing enterprises have experienced significant talent and technology losses. Decades of accumulated factory equipment lies idle. In the market economy, facing competition from foreign and private enterprises, many state-owned enterprises have lost their competitiveness, leading to mergers, joint ventures, or bankruptcy. Numerous private enterprises have entered the pump industry, but most remain focused on low-end products, resulting in disorderly competition, wasted resources, and redundant construction. Following China's entry into the WTO, the domestic market opened to foreign competition, with international pump companies entering the market. Both state-owned and private enterprises lack the competitiveness to match the technologically advanced and high-quality products from abroad. A significant portion of the high-end pump market crucial to national economic security is almost entirely dominated by foreign companies.

2. Lack of Technical Talent
China's pump industry faces a shortage of high-quality personnel. The retirement of university graduates from the 1950s and 1960s has not been adequately addressed by subsequent graduates. Furthermore, foreign companies are attracting domestic pump industry professionals with higher salaries, exacerbating the talent shortage. Addressing this talent gap is crucial for the development of the pump industry.

At present, in the era of rapid development of diversified information technology, pumps are no longer considered high-tech products, but pumps have always played a very important role in the development of the national economy. There are a large number of applications in important fields such as aviation, aerospace, steel, and military industry. People liken the pump as the heart of the industry, but in fact it is. As a big manufacturing country and a big pump market, what is the current situation and prospects of China's pump industry and the gap with the advanced level of the world's peers? Where is the gap? What aspects should be worked hard in the future is worthy of the pump industry's attention and thinking.

The current situation of China's pump industry

1. Lack of competitive companies

There is a large loss of talents and technology in large and medium-sized pump manufacturing enterprises in China, and a large number of plants and equipment accumulated over decades have been idle. In the market economy environment, under the attack of foreign-funded enterprises and private enterprises, many state-owned backbone enterprises have gradually lost their competitiveness. Most of them were merged, joint ventures or bankrupts. A large number of private enterprises have entered the pump industry, but most of them can only linger on low-end products, disorderly competition, which causes great waste and redundant construction of limited resources. After joining wt0, the domestic market has been opened to the outside world, and well-known foreign pump companies have entered China to participate in competition. In the face of foreign technologically advanced and high-quality pump products, whether it is a state-owned enterprise or a private enterprise, it can be said that it lacks competitive strength. A considerable part of the high-end pump product market related to national economic security is almost completely monopolized by foreign pump companies.

2. Lack of technical talents

There is a lack of high-quality talents in the pump industry in China. With the successive retirements of college students in the 1950s and 1960s, many college students who graduated after the 1980s have not been well supplemented, and foreign-funded enterprises are using high salaries (compared to domestic enterprises). ) Competing with us for the existing domestic pump professionals, resulting in a serious shortage of technical talents in the industry. If we want to develop the pump industry, talents are a top priority.

The pump industry needs to have a certain degree of foresight regarding new products that may be needed for national development.

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Jiangsu Jiangjin Pump Industry Co., Ltd.

Mobile:

13951151198

Telephone:

0523-88301008

Tel: Liu Fengxing13951151198 / 0523-88301008

E-mail:1911306499@qq.com

Address: Jiangdu Town Industrial Concentration Zone, Jiangyan City, Jiangsu Province

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The current situation of China's pump industry and its comparison with developed countries

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