Eastern Europe to Help Positive Displacement Pumps Market Weather Unstable Economic Climate, Says Frost & Sullivan

Eastern Europe to Help Positive Displacement Pumps Market Weather Unstable Economic Climate, Says Frost & Sullivan PR Newswire LONDON, Nov. 8, 2012 - Product innovation, greater energy-efficiency and improved after-sales support will sustain steady growth LONDON, Nov. 8, 2012 /PRNewswire/ -- After making a recovery in 2010-2011, the European positive displacement pumps market was hit by a dip in sales volume in the last quarter of 2011 due to the deepening debt crisis in Europe. However, strong, and as yet untapped growth potential in Eastern Europe, is set to help market participants ride out the ongoing economic instability. Product innovation, particularly a focus on energy-efficient pumps, will also support steady market growth. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Strategic Analysis of the European Positive Displacement Pumps Market, finds that the market earned revenues of $1,762.6 million in 2011 and estimates this to reach $1,962.6 million in 2016. Energy conservation and efficiency have become the key criterion during product selection. "The trend of preferring energy-efficient pumps will intensify due to the dual factors at play in the minds of end-users – concern for the environment and the gradual shift to alternate energy sources," noted Frost & Sullivan Research Associate Niranjan Paul. "As the prices of traditional sources of energy continue to soar, energy-efficient pumps are identified as being more cost-effective.