Eastern Europe boost European Water market, F&S report

Eastern Europe to boost European Water market, F&S report

3:23 PM, 3rd May 2011
Eastern Europe to boost European Water market, F&S report

 

Frost and Sullivan report and officials predict revenue boost for water and wastewater markets in Eastern Europe.

LONDON, UNITED KINGDOM: A recent report from Frost and Sullivan finds that the European water and wastewater pumps market earned revenues of approximately $ 2 billion in 2010 and estimates this to reach $ 2.6 billion in 2017. 

In contrast, mature economies such as Germany, Italy, France and the United Kingdom are poised to experience decreased demand for new pump installations but higher demand for retrofit and replacement spares, stated the report.

Over the short term, growth is expected to remain insignificant but steady owing to small projects in water treatment. At the same time, European Union policy focusing on energy-efficient motors and drives will boost the water and wastewater industry, as per the report.

“Eastern Europe is anticipated to provide high growth potential for the water and wastewater market. The long term will observe increased investments in water and wastewater infrastructure in Eastern Europe as pump end users shift their manufacturing bases to this region due to their lowered manufacturing costs,” said Ashwin Annareddy, Industry Analyst, Frost and Sullivan.

Pump suppliers from Asia and far East have improved their product offerings and are targeting the European market with attractive pricing. To continue long-term relationships with their existing customers and to generate new demand, European manufacturers have to keep introducing innovative design features, increased pump and motor efficiencies, higher price performance ratio and prompt after-sales service.

(C) WOC News

 

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