DUBLIN, Nov 12, 2010 (BUSINESS WIRE) -- Research and Markets (http://www.researchandmarkets.com/research/411f59/strategic_analysis) has announced the addition of Frost & Sullivan's new report "Strategic Analysis of the European Positive Displacement Pumps" to their offering.
This Frost & Sullivan research service titled Strategic Analysis of the European Positive Displacement Pumps Market provides a comprehensive analysis of the European positive displacement pumps market from 2006 to 2016 and identifies the different areas of growth in terms of geographical regions, products and end users. In this research, Frost & Sullivan's expert analysts thoroughly examine the following products: rotary pumps, reciprocating pumps and peristaltic pumps.
The end users covered in this research service are oil and gas, water and wastewater, chemical process, power generation, food and beverage and pharmaceuticals.
Market Overview Re-initiation of Projects to Stimulate Growth in the European Positive Displacement Pumps Market The demand for various types of positive displacement pumps in Europe is expected to rise due to re-initiated 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. 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 the analyst of this research.
Furthermore, the increased European Union (EU) accession of Eastern European 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. With a number of eastern European countries becoming a part of the EU, the opportunities for growth are anticipated to be high.
Pump Suppliers to Step-up their Market Share with Strategic Partnerships and Acquisitions Competition in this market is likely to be fierce because traditionally, European pump manufacturers have faced stiff competition from their Asian counterparts. There are more growth opportunities in the price-sensitive eastern European markets than in Asia. Besides, the imposition of stringent regulations ensures high product quality in Asia. The recent economic slowdown has resulted in a shortage of investments across end-users, explains the analyst. With existing projects being delayed or cancelled due to decline in capital expenditure (CAPEX), 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 the analyst. Greater awareness results in enhanced adoption among end-users.
Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: By Products: Rotary pumps Reciprocating pumps Peristaltic pumps By End-users: Oil and gas Water and wastewater Chemical process Power generation Food and beverage Pharmaceuticals Key Topics Covered: 1. Executive Summary 2. Industry Challenges 3. Total Market for European Positive Displacement Pumps 4. Analysis by Product Type Rotary Pumps Market 5. Analysis by Product Type Reciprocating Pumps Market 6. Analysis by Product Type Peristaltic Pumps Market 7. Conclusions and Strategic Recommendations For more information visit http://www.researchandmarkets.com/research/411f59/strategic_analysis SOURCE: Research and Markets CONTACT: Research and Markets Laura Wood, Senior Manager, email@example.com U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Copyright Business Wire 2010 -0- KEYWORD: Europe INDUSTRY KEYWORD: Professional Services