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Investments in BRIC Countries Spur Growth Opportunities for the World Centrifugal Pumps Market Says Frost & Sullivan - Regulations aimed at enhancing product quality in Asia, paralleled by the availability of growth opportunities in price-sensitive markets like Eastern Europe, are set to boost the presence of Asian companies in the world centrifugal pumps market
Investments in BRIC Countries Spur Growth Opportunities for the World Centrifugal Pumps Market Says Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2010/11/23 - Regulations aimed at enhancing product quality in Asia, paralleled by the availability of growth opportunities in price-sensitive markets like Eastern Europe, are set to boost the presence of Asian companies in the world centrifugal pumps market.

   
 
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Among the different regional markets, Brazil, Russia, India and China (BRIC) are expected to provide considerable growth opportunities thanks to stimulus packages directed towards the development of infrastructure.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Strategic Analysis of the World Centrifugal Pumps Market, finds that the market earned revenues of $19.43 billion in 2009 and estimates this to reach $26.21 billion in 2016. The following end-user sectors are covered in this research: oil and gas, water and wastewater, power generation, chemical process, construction (including HVAC), mining, food and beverage, pharmaceuticals and others (like marine). The regions covered include the Americas, EMEA and Asia Pacific.

"Countries constituting the BRIC are expected to witness considerable growth over the short term, mainly due to infrastructural developments," states Frost & Sullivan Research Analyst Ram Ravi. "In addition, factors such as population growth and urbanisation in developing economies are poised to boost growth prospects. Mature economies such as Europe, Japan and North America are expected to offer opportunities mainly in the replacement business."

With price reduction being the foremost factor in customer expectations, the demand for energy-efficient pumps is projected to witness a slow, but steady, rise across different end-user applications.

"End-user focus on life cycle costs and energy saving will boost market prospects," explains Ravi. "As the maintenance, operating and energy costs of pumps contribute a major share of the total life cycle costs, customers are shifting focus towards products that offer better energy savings and greater life cycle advantage."

Greater emphasis on strategic services will also support market expansion. Although these services have been an integral part of the centrifugal pumps market, they have assumed greater significance during the recent financial downturn.

Despite of signs of economic recovery, there are concerns about the level of customer spending. End users are trying to reduce their outlays. This trend, coupled with volatile energy pricing and regulations, will drive the demand for centrifugal pumps as they help reduce the energy consumption and operating cost of products.

Increased growth opportunities, reduced costs and cheap labour are driving end users to shift their manufacturing base to low-cost locations. With pump suppliers focused on penetrating these geographical markets, a rising trend of consolidation is expected. In addition, the trend of customers looking for one-stop-shop solutions, coupled with greater supplier focus on penetrating different end-user sectors, is set to further increase consolidation in the centrifugal pumps market.

"With end users shifting their manufacturing base to Asia and Latin America, pump suppliers need to augment their penetration in these regional markets through strategic partnerships or acquisitions," concludes Ravi.

If you are interested in more information about this study, please send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

Strategic Analysis of the World Centrifugal Pumps Market is part of the Industrial Automation & Process Control Growth Partnership Services programme, which also includes research in the following markets: Strategic Analysis of the Pumps Market in the European Pharmaceutical Industry, Strategic Analysis of the European Positive Displacement Pumps Market, Strategic Analysis of the Eastern European Pumps Market and. Strategic Analysis of the Pumps Market in the European Oil and Gas Industry. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Strategic Analysis of the World Centrifugal Pumps Market/ M5A0

Follow Frost & Sullivan on Twitter and Facebook: twitter.com/frost_sullivan or facebook.com/FrostandSullivan.

 
 
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Investments in BRIC Countries Spur Growth Opportunities for the World Centrifugal Pumps Market Says Frost & Sullivan

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