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Frost & Sullivan: Water and Wastewater Industry's Drive to Optimise Energy Usage and Reduce Costs Sustains European Smart Pumps Market

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Frost & Sullivan: Water and WastewaterFrost & Sullivan: Water and Wastewater Industry's Drive to Optimise Energy Usage and Reduce Costs Sustains European Smart Pumps Market PR Newswire LONDON, March 11, 2014 - Entering the smart water grid market will provide growth opportunities for smart pump manufacturers The enhanced focus on optimising energy consumption and minimising pump lifecycle costs in the water and wastewater industry is boosting the adoption of smart pumps across Europe. Although smart pumps have a higher initial cost than standard pumps, they enable a reduction in the total cost of ownership by lowering maintenance and operation costs. Such cost benefits arising from greater process automation coupled with the increase in efficiency and quality are expected to be important pump selection factors in the European water and wastewater industry. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), European Smart Pumps Market for the Water and Wastewater Industry, finds that the market earned revenues of $192.4 million in 2013 and estimates this to reach $267.9 million in 2018. The research covers positive displacement and centrifugal smart pumps. "Tight environmental regulations designed to reduce greenhouse gas and carbon emissions lend significant support to the smart pumps market," said Frost & Sullivan Industrial Automation & Process Control Research Analyst Niranjan Paul.

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Published 11 March 2014
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Frost & Sullivan: Water and Wastewater Industry's Drive to Optimise Energy Usage and Reduce Costs Sustains European Smart Pumps Market

PR Newswire

- Entering the smart water grid market will provide growth opportunities for smart pump manufacturers 

The enhanced focus on optimising energy consumption and minimising pump lifecycle costs in the water and wastewater industry is boosting the adoption of smart pumps across Europe. Although smart pumps have a higher initial cost than standard pumps, they enable a reduction in the total cost of ownership by lowering maintenance and operation costs. Such cost benefits arising from greater process automation coupled with the increase in efficiency and quality are expected to be important pump selection factors in the European water and wastewater industry.