Market Research Report
European Intelligent Pump Systems Markets
|Published by||Frost & Sullivan||Product code||38197|
|Published||Content info||181 pages
Delivery time: 1-2 business days
|European Intelligent Pump Systems Markets|
|Published: March 21, 2006||Content info: 181 pages||
This publication has been discontinued on July 2, 2013.
While the European pump industry is currently experiencing saturation, intelligent pump systems are witnessing strong growth and are emerging as the major motivating force for the industry's future growth. Revenues for these systems increased significantly from $45.8 million in 2002 to $68.5 million in 2005, indicating their rising demand and potential in a variety of end-user segments such as water and wastewater and building automation.
These and other end-user industries of pumps typically look for a complete package that offers them exceptional value in terms of product quality, customer service and support, delivery time, reliability, and price. Keeping in mind the increasing trend toward intelligent pumps, pump manufacturers need to re-examine their product offerings and make appropriate changes to ensure superior branding and achieve differentiation, as well as to sustain revenue growth. "Failure to react to a mature market could result in companies being pushed out of the market," remarks the analyst of this research service. "Going forward, technical advancements in pump features are likely to be a major driver for the European intelligent pump systems market."
Changing European Union (EU) legislation on energy and environmental issues, mainly in the water and wastewater markets and in building construction, are undoubtedly one of the biggest drivers of the intelligent pump systems market. The EU is implementing several directives to ensure that ambient, potable water and wastewater are meeting acceptable quality standards, as well as to improve energy performance in buildings considering indoor and outdoor conditions and cost-effectiveness. These new legislations are, therefore, creating increased demand for smart and advanced equipment that can meet such requirements.
The demand for intelligent pumps is also rising in other key end-user sectors such as food and beverages as well as power generation. In addition, many companies have invested in the design and development of intelligent pumps for specific niche sectors such as oil and gas, petrochemical, chemical, and pharmaceuticals. "This is expected to further promote the growth of the market in the long term from 2009 to 2012," says the analyst. "Revenues are expected to reach $230.3 million by 2012, representing a compound annual growth rate (CAGR) of 18.9 percent during the period 2005-2012."