European Pump Market Report: 2012-2016 Industry Analysis and Forecast
A recently released report by TechNavio forecasts the pump market in Europe to reach US $15.54 billion by 2016. Analysts are basing this prediction on the growing need for clean drinking water and increase in number of fracking industries. Stringent eco-design regulations for energy conservation may impede growth of the latter.
The report spans 2012-2016 market realities and future predictions based on in-depth analysis from industry experts. The European region is the main focus of this report with attention to the pump market in Europe landscape and its potential growth.
Key vendors operating in this market are also discussed. These include: Flowserve Corp., Grundfos Holding A/S, ITT Corp., KSB AG, and Sulzer Ltd. Other vendors mentioned in this report are: Baker Hughes Inc., Clyde Union Inc., Ebara Corp., Schlumberger Ltd., Weir Group plc.
TechNavio analysts attempt to answer important market-related questions in this report, including predicted market size and growth rate as of 2016, key trends, growth drivers, and challenges to market growth. They also explore market opportunities and threats for each key vendor in the European pump market and those vendors’ strengths and weaknesses.
Source: SB Wire