China Industry Research Report:

　　Agricultural water pumps mainly refer to water pump products used in agricultural production, rural construction and domestic water use by farmers. There are many types of small submersible electric pumps, sewage and sewage submersible pumps, well submersible pumps, self-priming pumps and vortex pumps. The main application areas are as follows: The development of China's agricultural water pump industry mainly presents the following characteristics:

　　(1) The product variety is complete, and the technical content and technological level need to be improved. The types of agricultural water pumps in China are very complete, covering various products in various fields such as agricultural production, rural construction and farmers' life, such as centrifugal, vortex, axial flow, mixed flow, jet flow, volumetric and other principles. The pumps are produced. However, technically, the technical level of agricultural water pumps in China has a certain gap compared with the world level: low product efficiency, high energy consumption, and low level of product automation and intelligence. Only a few domestic enterprises have independent research and development capabilities and self-manufacturing capabilities. Most SMEs are mainly engaged in the assembly and production of spare parts, and the processing precision of spare parts is generally low, the manufacturing process is rough, the product life is short, and the quality is low.

　　(2) Concentration is not high and needs to be integrated in the industry. China's agricultural water pump production area is relatively concentrated in several provinces such as Zhejiang, but there are many manufacturers in the industry. According to the statistics of the Agricultural Machinery Association's irrigation and drainage branch, in 2008, there were about 3,000 agricultural pump manufacturers in China, and fewer than 30 enterprises with a scale of more than 100 million yuan. Most enterprises are small in scale, with annual output values ranging from several million yuan to tens of millions of yuan, and a nationwide sales channel network has not yet been established. Sales are often concentrated in one or several local markets.

　　At present, the agricultural pump industry is still relatively scattered, but centralized development has begun to take shape. The figure below shows the main factors that promote the future integration of agricultural pumps in China:

　　 It is foreseeable that the further deepening reform of China's agricultural mechanization, the implementation of the state's intensified industry production standards and the further strengthening of product quality supervision will become an opportunity for the integration of China's agricultural water pump industry.

　　(3) Domestic brands occupy a dominant position. Due to the vast rural area of China and the sensitivity of farmers to prices, foreign brand products have a natural disadvantage in entering the domestic agricultural water pump market. The price is high and the sales channels can only reach large and medium-sized cities. Therefore, more than 99% of the agricultural water pump market is occupied by domestic manufacturers. A few of the strong domestic agricultural water pump enterprises have extremely deep and broad sales channels, and have a good reputation and pricing power in the rural market.

　　(4) China's agricultural water pumps have begun to export to overseas markets in recent years. According to the EIF World Pump Market Report, China has become a pump exporter, and the percentage of pump exports to world exports has increased from 3.4% in 2003 to 8.6% in 2007. The agricultural water pump with moderate technical content belongs to the general-purpose products with a large amount of surface, and the quantity has already accounted for the majority of the pump products in China. China's agricultural water pump manufacturing technology is relatively mature, the product cost-effective, export prospects are very broad, and its export growth rate is not lower than the overall export growth rate of China's pump products.