Energy-efficient Centrifugal Pumps Well Poised to Survive the Market Instability, Finds Frost & Sullivan

Energy-efficient Centrifugal Pumps Well Poised to Survive the Market Instability, Finds Frost & Sullivan PR Newswire LONDON, Dec. 20, 2012 - Affordable, yet innovative pumps are the key to success in the market LONDON, Dec. 20, 2012 /PRNewswire/ -- Like most other markets, the European centrifugal pumps market was buffeted by the global financial downturn of 2008-09 but bounced back in 2010-2011, at a cautious pace. The deferment of many projects in end-user industries such as oil and gas, building services, and chemical process as well as the austerity measures in countries like Italy, Spain, and Greece had pegged back the market. However, moderate growth in Scandinavia and Eastern Europe and higher investments in the water and wastewater, food and beverage, and power generation industries could cause a revival of sorts. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Strategic Analysis of the European Centrifugal Pumps Market, finds that the market earned revenue of $6.95 billion in 2011 and estimates this to reach $7.57 billion in 2016. Energy conservation and efficiency are the twin buzzwords in the centrifugal pumps market. Owing to the energy gap in Europe and the differential pricing of energy among the European countries, energy efficiency has become the primary purchase criterion. Further, the escalating concern for the environment and prices of traditional sources of energy are making a robust case for pumps that consume less energy.