The future development trend of Sinopec's pump manufacturing industry

The future development trend of Sinopec's pump manufacturing industry

Driven by the rapid development of the macro economy, experts predict that China's pump manufacturing industry will continue to grow at an annual rate in the next five years. The average annual growth rate will be as high as 25%, which is 2 to 3 percentage points higher than the average annual growth rate of the machinery industry. At the same time, the Chinese and international pump markets will be fully integrated, and the technological level, product quality, price, and service will become the most important factors in the increasingly fierce market competition.

Petrochemical Pumps: Pursue Large-scale Efficiency

At present, China's oil and chemical industry is developing in the direction of large-scale, large-scale and internationalization. Although it is predicted that its development speed will be lower than the previous two years in the next five years, it will maintain sustainable development. It is estimated that in 2010, China's ethylene production capacity will reach 14 million tons. Large-scale ethylene plants of 600,000 tons/year in Yangtze, Fujian and Tianjin will be put into construction. Large and medium-sized ethylene plants, such as Yanhua, Yangtze, Qilu and Maoming, will also be rebuilt and expanded. In order to reduce costs and improve international competitiveness, these new and rebuilt expansion units will try to increase the localization rate of the equipment. This opens up a new market for the demand for petrochemical pumps.

It is estimated that by 2010, the demand for crude oil in China will reach 280 million tons. In order to meet the increasing demand, domestic large-scale ethylene plants will be equipped with integrated oil refining equipment. The oil refining equipment will build 10 million tons of atmospheric and vacuum equipment and 3 million tons of pressurized cracking equipment. In addition, at present, many types of pumps operated by various refineries in the country are aging and are in urgent need of renewal and transformation.

In the three major chemical pumps, large-scale chemical fertilizers, methylamine pumps, large and medium-sized high-temperature high-pressure magnetic pumps, special materials, non-metallic chemical pumps, the market demand is expected to maintain a certain growth.

Experts believe that the development direction of Sinopec's pumps in the next five years will be large-scale, high-speed, mechanical and electrical integration, as well as complete sets of products, standardization, serialization and generalization, especially high-temperature pumps, cryogenic pumps and ultra-low-temperature pumps, and precision measurement. The production technology of pumps, corrosion-resistant pumps, conveying viscous media, and pumps with solid particles and canned pumps will grow rapidly, and the demand will increase significantly.

Environmental protection pump: demand peaks

It is expected that during the “11th Five-Year Plan” period, China’s investment in environmental protection industry will reach 1,000 billion yuan, and identified key areas and projects include: South-to-North Water Transfer Project, “Sanhe and Sanhu” pollution prevention, water resources improvement in the Bohai Rim and water resources protection in Beijing.

In the third phase of the South-to-North Water Diversion Project, a total of 51 new pump stations are planned, requiring a total of 278 pumps. Among them, there are 153 mixed-flow pumps, 66 vertical axial pumps, 11 horizontal axial pumps, and 48 cross-flow pumps.

It is expected that in the next 3 to 5 years, the state will invest 123.4 billion yuan for the pollution prevention and control of the “Three Rivers and Three Lakes”. By the end of 2005, a total of 1,511 pollution control projects have been constructed in the “Three Rivers and Three Lakes” basin, but only 720 projects have been completed and under construction, and nearly 800 projects have yet to start. These projects will be gradually implemented in the next few years.

It is expected that during the “11th Five-Year Plan” period, China will build more than 100-130 urban sewage treatment plants and 1000-1200 various types of industrial wastewater treatment facilities each year, and 120 water supply projects will need to be rebuilt or expanded. Environmental protection and urban tap water supply areas require large-scale vertical and submersible sewage pumps and other environmental protection pumps, large-scale axial-flow pumps, S-pumps and other tap water pumps, and about 20,000 large-scale dredger pumps for rivers and ports. This shows that China's environmental protection pump market will enter the peak demand in the next five years.

Power pump: showing steady growth

By the end of 2005, China’s installed power generation capacity will reach 430 million kilowatts. Among them, thermal power stations accounted for 74%, hydropower stations accounted for 23%, and nuclear power stations accounted for 0.72%. It is estimated that by 2010, China's installed power generation capacity will reach around 600 million kilowatts. Among them, thermal power installed capacity will reach 455 million kilowatts, will add 254 million kilowatts; hydropower installed capacity will reach 125 million kilowatts, will increase hydropower installed capacity 25 million kilowatts; nuclear power installed capacity will not be less than 20 million kilowatts, will be new Increase 17 million kilowatts.

It is expected that the power pump market in China will show a steady growth in the next five years, creating a huge demand space for the domestic electric pump market. Experts believe that various types of pumps with energy-saving, high-efficiency, and environmental-friendly features will become the new darling of electric pumps in the future, especially nuclear, primary, secondary, and tertiary pumps, supercritical and ultra-supercritical units. Pumps, pumps for air-cooled units, and pumps for flue gas desulphurization units will focus on development.

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