New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), European Pumps Market in the Oil and Gas Industry, finds that the market earned revenues of euro 1,346.78 million in 2010 and estimates this to reach euro 1,483.19 million in 2015. The research covers centrifugal and positive displacement pumps.To read the full release please click on the link below:
Energy Efficiency to Emerge as Key Purchase Criterion for Pumps in the Oil and Gas Industry, Says Frost & SullivanYours,Berlin Technologies
The oil and gas industry in Europe has been through economic vagaries in the last 10 years with financing difficulties and low oil prices resulting in several projects being either postponed or abandoned altogether. This, in turn, has affected the uptake of pumps by the industry. Nevertheless, demand for pumps is set to grow steadily as projects gradually start being revived.
To read the full release please click here:
Energy Efficiency to Emerge as Key Purchase Criterion for Pumps in the Oil and Gas Industry, Says Frost & Sullivan