Table of Contents
Demand for Hygienic and Energy-efficient Pumps in Eastern Europe will Bolster Market Growth
This research service analyses future trends in the European positive displacement pumps market. It determines the impact of technology trends on the rotary, reciprocating, and peristaltic pumps segments. It provides an analysis of the various projects in oil and gas, water and wastewater, power generation, food and beverage, and pharmaceutical verticals, the key environmental legislations, and a risk-versus-reward scenario for pump manufacturers. The study has also been divided into country and regional segments and the key drivers and restraints, key data points for each of these regions have been provided. Market drivers and restraints and their impact over the short, medium, and long terms have been discussed.
-The European positive displacement pumps market has reached a stage of maturity as it is expected to witness moderate compound annual growth rate (CAGR) of % from 2013 to 2018.
-Economic uncertainty continues to plague the European market, which is likely to hamper the growth of the market. However, the effects of the ongoing debt crisis on Western European countries are likely to decrease gradually over the forecast period.
-While Western Europe is poised for slow recovery, the growth of the market is likely to be minimal in this region over the forecast period. Germany and Eastern European countries are expected to bolster demand and sustain the growth of the market.
-Demand in the oil and gas industry, a significant consumer of positive displacement pumps, is expected to be moderate. The maturity of existing oil rigs and uncertainty of shale gas exploration are likely to hinder growth prospects.
-Growth is primarily expected in the water and wastewater sector in Europe, which is witnessing significant investment due to increasing legislation and growing awareness of recycling water.
-Additionally, rapid development in the sanitary sector, such as in the food and beverage, pharmaceuticals, and personal care industries, is expected to increase demand for positive displacement pumps in Europe.
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