Mon, 03/31/2014 - 17:30

DUBLIN (March 31, 2014) – Research and Markets announced the addition of the "Pump Market in Europe 2012-2016" report to its offering. One of the key factors contributing to this market growth is the growing need for clean drinking water. The Pump market in Europe has also been witnessing a growth in the number of fracking industries. However, the need to adhere to stringent eco-design regulations for energy conservation could pose a challenge to the growth of this market. The key vendors dominating this market space include Flowserve Corp., Grundfos Holding A/S, ITT Corp., KSB AG, and Sulzer Ltd. The other vendors mentioned in this report are Baker Hughes Inc., Clyde Union Inc., Ebara Corp., Schlumberger Ltd., Weir Group plc. Commenting on the report, an analyst from the Engineering team said that fracking is a technique used to extract petroleum or natural gas. The use of the fracking method is growing at a high rate in Europe. For instance, hydraulic fracturing or hydraulic fracking is widely adopted in Eastern European countries to extract oil and gas. This creates demand for highly reliable, high-pressure pumps. Thus, the demand for high-pressure pumps for fracking applications is expected to increase during the forecast period. Further, the report states that one of the main challenges is the need to comply with stringent eco design regulations imposed by European governments. Most of the pump manufacturers are finding it difficult to comply with these regulations. The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Baker Hughes Inc., Clyde Union Inc., Ebara Corp., Schlumberger Ltd., and Weir Group plc Research and Markets is a source for international market research reports and market data