China's oil pump market has been on a growth trajectory. As of 2024, the market size was around 1080.4 billion yuan, and it's expected to reach nearly 1387.6 billion yuan by 2031, with a CAGR of 3.7% in the following six years.
According to a report by The Brainy Insights, the global oil and gas pumps market is anticipated to expand from $8.32 billion in 2022 to $13.15 billion by 2032, growing at a CAGR of 4.70% during 2023 - 2032.
On April 5, 2025, financial news stated that Jinan Hydraulic Pump Co., Ltd. obtained a patent for "A Sealing Structure of Bimetallic Side Plate for High - Pressure Gear Pumps" (authorization announcement number CN 222717063 U), with an application date of July 2024. The "8" - shaped side plate has through - holes on both sides of the center, and there are low - pressure unloading grooves, high - pressure unloading grooves, and high - pressure area oil - guiding grooves on its front. On the back
Financial news on April 9, 2025, revealed that Zhuhai Rongbo Drive Technology Co., Ltd. applied for a patent titled "Hybrid Transmission Energy - Saving Oil Pump System and Control Method" (public number CN 119778464 A) in March 2025. The oil pump system includes multiple pumps and valves. By making different pumps start, stop, and reverse according to various working conditions, it can reduce the energy consumption of the mechanical pumps. Specifically, a high - pressure, small - flow pump prov
Beijing Huazhixin Technology Development Co., Ltd. applied for a patent called "A Low - Power Miniature Plunger Oil Pump for UAVs" (public number CN 119778131 A) in December 2024, as reported by financial news on April 9, 2025. This pump, belonging to the UAV technology field in the aviation industry, is designed to improve efficiency and working stability. It includes a housing with an oil - passing chamber and an oil chamber, a plunger that slides in the oil - passing chamber, and a driving pa
On April 9, 2025, financial news reported that Hefei Jiyuan Suiyi Hydraulic Technology Co., Ltd. applied for a patent named "A Low - Noise Internal - Meshing Oil Supply Pump" (public number CN 119778261 A) in January 2025. This invention, related to the oil supply pump device technology, can effectively solve the cavitation problem caused by oil entrapment in existing technologies, which in turn leads to significant noise. It consists of components like the oil pump body, outer rotor, inner roto