The rapid expansion of the food and beverage and pharmaceutical industries in Europe is fuelling the demand for hygienic, high-quality positive displacement pumps. Peristaltic pumps are of particular interest to such industries, which produce products for consumption. These pumps minimise contamination and resist corrosion by ensuring that the fluid flows through flexible tubes or hoses that are placed within pump housing. Thus, market participants will do well to focus on the peristaltic pump segment and complement it with strategic after-market services to maintain a strong position in Europe.
New analysis from Frost & Sullivan, Strategic Analysis of the European Positive Displacement Pumps Market, finds that the market earned revenues of $1.80 billion in 2013 and estimates this to reach $2.01 billion in 2018. The study covers peristaltic, reciprocating and rotary pumps.
Frost & Sullivan Industrial Automation & Process Control Research Analyst Guru Mahesh says: "Significant investment in various end-user industries, especially in Eastern European countries, is likely to bolster the need for positive displacement pumps. Market participants that offer customised solutions will be in the best position to take advantage of this expected rise in customer demand."
However, the maturity of the European market restricts the scope for innovation and consequently reduces the possibility of using positive displacement pumps in new applications. Market prospects have also been lowered by the unstable economic conditions in Europe, which have made end users in industries such as water and waste water management conservative with their budget allocations and new procurements.
Mahesh notes: "Increased focus on R&D to develop advanced solutions that can cater to varying customer needs will be essential for market success. These solutions need not be completely new in terms of technology but should bring improvements in efficiency and optimise energy consumption, which will translate into improved return on investment for customers."
For more information on the Strategic Analysis of the European Positive Displacement Pumps Market study, please email Julia Nikishkina, Corporate Communications, at firstname.lastname@example.org, with your full contact details, or visit www.frost.com.