EIF World Pump Market Report 2012: Growth Prospects to 2017 Are Expected to Be Weak
The latest annual EIF World Pump Market Report was presented by Vivian Woodward of European Industrial Forecasting Ltd (EIF) at the Europump Marketing Commission meeting in Thimister, Belgium, on 16 November 2012.
Europump members learned that the market size for complete pumps (i.e. excluding pump parts) amounts to around $42 billion in 2012 (at current prices & 2010 exchange rates), with $11.5 billion in Europe, $4.9 billion in Africa/Middle East, $17.3 billion in Asia and $8.3 billion in America. Market growth, however, is fastest in Africa & the Middle East at 8.1% p.a. to 2017, compared with 5.1% in America, 4.5% in Europe and 6.2% in Asia.
"Growth prospects to 2017 are expected to be weak owing to the impact of indebtedness in the US, Western Europe and Japan, coupled with a slowdown in the Chinese growth rate” says Guy Van Doorslaer, Europump Secretary General. “This is just one insight from the report which features many more on the world pump market. EIF produces an updated report every year, providing a very detailed picture of the pump industry and its markets. Europump is pleased to offer this year’s edition to its members.”
Further details on the report, which covers 63 separate countries by end use and product type and runs to almost 500 pages, can be obtained from the following Europump National Associations: Agoria (Belgium), CPMA (Czech Republic), Association of Danish Pump Manufacturers (Denmark), Profluid (France), VDMA (Germany), Assopompe (Italy), Asociacion Espanola de Fabricantes de Bombas para Fluidos (Spain), Svenska Pumpenleverantores (Sweden), Swissmem (Switzerland), Pomsad (Turkey), BPMA (UK) and Holland Pomp Groep (The Netherlands).