Frost & Sullivan: Increasing Industrial Applications Drive Growth in the Southeast Asian Positive Displacement Pumps Market
The water and wastewater treatment, and oil and gas sectors will contribute the most to market revenues
SINGAPORE, Sept. 26, 2013 /PRNewswire/ -- The development of new applications for positive displacement (PD) pumps in end-user industries will sustain the PD market in Southeast Asia. The market in the region is in the growth stage, and is highly competitive with a large number of regional participants.
New analysis from Frost & Sullivan (http://www.motors.frost.com), Analysis of the Southeast Asia Positive Displacement Pumps Market, finds that the market earned revenues of US$680.0 million in 2012 and estimates this to reach US$866.1 million in 2017. The study covers the oil and gas, water and wastewater treatment, food and beverage, chemical, power generation, and pharmaceutical end-user sectors. As the region's sanitary needs are expected to rise due to industrialization, demand from the water and wastewater treatment segment is likely to be the highest.
Expanding applications in different areas such as marine, chemicals, food and beverage, and power generation boost the potential for the PD market. Escalating energy costs and environmental concerns have placed emphasis on energy-efficiency, and the need for precise and accurate pumping measurements in industries further fuels demand for PD pumps.
"The enforcement of environmental laws has been a strong driver of the PD pumps market," said Frost & Sullivan Industrial Automation and Process Control Senior Research Analyst Vandhana Venkatesan. "Restrictions on gas emissions, chemical pollution, and energy consumption to reduce environmental contamination encourage the use of PD pumps for their low energy consumption and low chemical waste emissions."
However, awareness among end users on these energy-saving capabilities of PD pumps remains low, curbing sale volumes. Maintenance can be another challenge as the shortage of skilled technical experts in Southeast Asia makes end users reluctant to purchase advanced equipment.
Conducting workshops and providing online journals that offer information on PD pumps will be crucial to raise consumer awareness and spur adoption. Manufacturers also need to create niche solutions to retain as well as gain market share in the region.
"Intensifying competition makes it important for PD pump suppliers to provide better post-purchase technical support as well as value-added services," suggested Venkatesan. "PD vendors must equip end users with additional tools such as asset management solutions that will help ensure energy efficiency and decrease downtime risks."
If you are interested in more information on this research, please send an e-mail to Donna Jeremiah, Corporate Communications, at email@example.com, with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.
Analysis of the Southeast Asia Positive Displacement Pumps Market is part of the Power Transmission Growth Partnership Service program. Frost & Sullivan's related research services include: Analysis of Pumps in Next-11, Growth Dynamics and Automation Trends in BRIC, and Automation and Control Market for Emerging Sectors in SE Asia and ANZ. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Analysis of the Southeast Asia Positive Displacement Pumps Market
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