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Mountain View, CA, United States, 2008/09/17 - The North American submersible pumps market, known for its mature nature of the manufacturers, will have to focus on providing complete service and solutions, along with energy-efficient products in order to increase sales.
As the submersible pumps market becomes competitive in terms of price, energy conservation, and on-time delivery, manufacturers must position themselves as a one-stop shop for all service and solutions requirements, which includes on site assistance, maintenance and spare parts.
New analysis from Frost & Sullivan (industrialautomation.frost.com), North American Submersible Pumps Market, reveals that this market earned revenues of $175.1 million in 2007 and estimates this to reach $228.1 million in 2014.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the North American submersible pumps market, then send an email to David Escalante, Corporate Communications, at david.escalante[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
"Municipal water and wastewater applications ensure the growth of the North American submersible pumps market," notes Frost & Sullivan Program Manager Laurel Donoho. "The municipal wastewater treatment sector has been witnessing tremendous growth and as the population continues to grow, the need to develop more treatment facilities will likely increase."
The aging of existing treatment plants and piping infrastructure will generate fresh demand for submersible pumps. Besides the replacement of old equipment in processing plants, the chemicals industry has also helped sustain the demand for submersible pumps in North America. The current focus on expanding and upgrading older plants expects to remain a key driver for this market during the short and medium terms. However, stagnating demand forces manufacturers to lean toward a more service-oriented strategy in order to maintain market share.
"Extensive competition within the market has led to a trend of consolidation, which is expected to evolve to where manufacturers need to provide value-added services to sustain end-user loyalty," says Donoho. "Since most suppliers sell directly through distributor networks, they need to supplement the basic capabilities of their sales and engineering networks to provide effective service and maintenance functions to their clients."
Even with these challenges, the large installed base has increased opportunities for the supply of spare parts and the servicing of existing pumps. However, the key will remain to provide a complete range of services and solutions in order to have success in this market.
North American Submersible Pumps Market is part of the Industrial Automation & Process Control Growth Partnership Services, which also includes research services in the following markets: European Centrifugal Pumps Market, Chinese Positive Displacement Pumps Market and South Asian Markets for Positive Displacement and Centrifugal Pumps. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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North American Submersible Pumps Market