Frost and Sullivan: Eastern Europe to Pump New Life Into European Water Market
Officials predict revenue boost for water and wastewater markets in Eastern Europe
New analysis 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.
"Eastern Europe is anticipated to provide high growth potential for the water and wastewater market," said the company’s Industry Analyst Ashwin Annareddy. "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."
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.
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.