TechNavio recognizes the following companies as the key players in the Pump Market in Europe: ITI Corp., Flowserve Corp., KSB AG, Sulzer Ltd., and Grundfos Holding A/S.
Commenting on the report, an analyst from TechNavio’s Engineering team said: “Fracking is a technique used to extract petroleum or natural gas. The use of the fracking method is growing at a high rate in Europe. For instance, hydraulic fracturing or hydraulic fracking is widely adopted in Eastern European countries to extract oil and gas. This creates demand for highly reliable, high-pressure pumps. Thus, the demand for high-pressure pumps for fracking applications is expected to increase during the forecast period.”
According to the report, the need for clean drinking water and sanitation is increasing in Europe. Various regulations and directives have been introduced by the EU to improve water quality and standards. Many European countries are adopting pumps in order to upgrade water quality and standards. Pumps are widely used in water treatment applications, sewage water treatment, and drinking water treatment to purify water.
Further, the report states that one of the main challenges is the need to comply with stringent eco design regulations imposed by European governments. Most of the pump manufacturers are finding it difficult to comply with these regulations.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Baker Hughes Inc., Clyde Union Inc., Ebara Corp., Schlumberger Ltd., and Weir Group plc
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/pump-market-europe-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Pump Market in Europe 2012-2016
