European Smart Pumps Market for the Water and Wastewater Industry
This research service analyses the current market situation in the European smart pumps market in the water and wastewater industry. It provides an analysis of the key market drivers and restraints, and discusses their impacts over the forecast period. Market estimates are provided in terms of end users, regions, and products. A comprehensive analysis of the market share is also included, alongside the key factors influencing the market. In addition, key market participants and their product offerings are discussed. The base year is 2013 and forecasts run until 2018.
The European smart pumps market for the water and wastewater industry is presently at a nascent stage. It is expected to post a compound annual growth rate (CAGR) of % between 2013 and 2018.
Smart pump manufacturers are expected to widen their product portfolio to capitalise on end users’ growing focus on high energy efficiency and low lifecycle costs. This is likely to drive growth of the smart pumps market.
The smart pumps market in Europe is an oligopoly, and the dominant smart pumps manufacturers are expected to increase their market shares during the forecast period.
Research and development (R&D) and marketing initiatives are of strategic importance to smart pump manufacturers, and companies are expected to invest significantly in these areas as opposed to the standard pumps market.
Germany is the largest market for smart pumps in Europe; the country has a large installed base of standard pumps that are expected to be replaced with smart pumps as part of the modernisation and upgrading of the existing water and wastewater infrastructure.
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