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European Metering Pumps Market
Frost & Sullivan, June 2009, Pages: 49
This research analyses the current and future trends in the European metering pumps market. Analysis based on the different end users and product types have been discussed. The various drivers, restraints and challenges to this market and their impact on time scale is discussed. The research also contains information about the competitive structure and market share analysis of the total metering pumps market. It also contains information on the impact of the recession on these end user markets and its impact on the total market.
This Frost & Sullivan research service titled European Metering Pumps Market provides revenue forecasts for the total European metering pumps market and each product type across various end-user sectors. Numerous interviews have been conducted along different levels of the supply chain to represent current and future trends of the market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following product segments: diaphragm metering pumps and piston/plunger metering pumps. End-user segments covered are: oil and gas, chemical processes, food and beverage, pharmaceutical, water and wastewater, pulp and paper, sugar industry and power generation.
Market Overview
Mounting Demand for Hygienic Drinking Water Spurs Growth in the European Metering Pumps Market
Growth in the European metering pumps market is boosted by the rising demand for clean drinking water. The market is expected to be negatively affected in 2009 due to decreased demand from original equipment manufacturers (OEMs) as well as from various end users. Nevertheless the water and wastewater segment is likely to be insular to the economic slump. This will sustain the metering pumps market. 'The need for clean drinking water and proper sanitation globally opens up growth opportunities for the metering pumps market,' says the analyst of this research. 'Investments in water scarce regions, coupled with regulations pertaining to plant improvement and modernisation, will be key growth factors for this market.'
Regulations and directives are anticipated to fuel market growth. Carbon capture and storage focused on reducing greenhouse gas emissions, improving quality, and hygiene standards are set to contribute to the development of the metering pumps market. The increasing trend towards automation with a shift in focus towards reducing lead times, unnecessary wastage and unplanned downtime will pave the way for growth opportunities. Metering pump suppliers are considering Ethernet and binary unit system (BUS) options such as foundation field BUS, ProfiBUS, module outfitting design (MOD)-BUS and highway addressable remote transducer (HART) that are interoperable to provide value addition to their customers.
However, the shift in customer focus towards procuring complete turnkey solutions is challenging metering pump suppliers. Providing better instrumentation and controls to improve system efficiency is expected to require suppliers to extend their application and product knowledge to products they do not deal with. 'The global credit crisis has adversely affected investments across different industries,' explains the analyst. 'Major projects across diverse industries have either been delayed or cancelled due to the lack of credit resulting in a significant setback for all equipment suppliers with demand levels declining.' Strategic partnerships and acquisitions will help suppliers widen their knowledge on applications and products they do not deal with. This will enable them to provide better instrumentation and controls, thereby enhancing system efficiency.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By product:
- Diaphragm metering pumps
- Piston/plunger metering pumps
By end user:
- Oil and gas
- Chemical processes
- Food and beverage
- Pharmaceutical
- Water and wastewater
- Pulp and paper
- Sugar industry
- Power generation
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