During the 12th Five-Year Plan period, the proportion of oil pump industry in western China is 15%~20%, and the output value of oil pump industry in western China may increase by 1 billion ~3 billion yuan. With the advance of industrialization in western China, the industry in western China extends from primary products to finished products, such as the deep processing of non-ferrous metals and ferrous metals.
From the perspective of China's industrial layout, the small oil pump industry in the manufacturing industry is transferred to the western region, which not only helps to promote the upgrading of coastal industry, but also drives the development of western manufacturing industry. The sales revenue of oil pump industry in western China accounts for about 35% of the western industry, and metal products in western China account for more than 1.5% of the western industry.
The development of oil pump industry in western China is still in its infancy, with huge development space and potential in the future. Therefore, the oil pump products, especially tools, molds and other mechanical oil pump demand will increase.
According to the analysis of Yang Jin, secretary general of international Model Association, the per capita GDP of western China will break 1000 US dollars in the future, and the industrialization rate will be close to 40%. Throughout the whole industry, the oil pump industry in western China will present a better development prospect in the future. Moreover, China's unwavering strategy and undiminished support for the development of the west are important opportunities for the future development of the western regions. Statistics show that at present, the manufacturing industry in western China accounts for 9.8% of the country, oil pump industry for 8.95%, and small oil pump industry for metal products for 4.28%.
