A subsidiary of the International Society of Automation
Cancel
Search Sponsored By Sponsor

Frost & Sullivan says pump sales will increase in Europe

  • November 04, 2010
  • News

Summary

November 4, 2010 - The demand for various types of positive displacement pumps in Europe is expected to witness an apparent increase due to re-initiated many industry projects in the regions recovering from the economic slump. Although, the financial crisis affected most of the end-user sectors across Europe, the demand from them has been sustained through government-aided stimulus packages.New analysis from Frost & Sullivan, Strategic Analysis of the European Positive Displacement Pumps Market, finds that the market earned revenues of $1,731.6 million in 2009 and estimates this to reach $2,050.3 million in 2016. The products covered in this research service are rotary pumps, reciprocating pumps and peristaltic pumps.“The maintenance, operating and energy costs of pumps contribute towards a major share of the total life cycle costs, impelling customers to shift their focus on products that offer better energy savings and longer a life cycle advantage,” says Frost & Sullivan Research Analyst Ram Ravi. “Furthermore, the increased demand from the Eastern European EU countries is expected to attract investments across end-user sectors.”The prevailing scepticism on customer spending due to the economic recession is expected to increase the emphasis on life cycle and energy costs. Key issues to be addressed in these regions include enhancing waste management, water quality and hygiene standard. However, competition in this market is likely to be fierce. Traditionally, European pump manufacturers have faced stiff competition from their Asian counterparts. The imposition of stringent regulations also ensures high product quality in Asia. However, there are more growth opportunities in the price-sensitive Eastern European markets.“The recent economic slowdown has resulted in a shortage of investments across end users,” explains Ravi. “With existing projects being delayed or cancelled due to decline in capital expenditure, equipment suppliers have been facing a decline in demand and the end users are shifting their manufacturing base to low-cost nations.”Pump suppliers should augment their market penetration in the regional markets with strategic partnerships and acquisitions. Additionally, suppliers should focus on expanding their product and service offerings to cater as a one-stop shop to their customers.“Intelligent pumps and services offer long-term potential,” concludes Ravi. “Greater awareness results in enhanced adoption among end-users.”About Frost & SullivanFrost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. Learn More

Did you enjoy this great article?

Check out our free e-newsletters to read more great articles..

Subscribe