European Pumps Market for Commercial Building, Forecast to 2022

European Pumps Market for Commercial Building, Forecast to 2022

Need for Energy-efficient Pumps and Improved Domestic Demand are Driving the Growth

RELEASE DATE
13-May-2019
REGION
Europe
Research Code: MDA5-01-00-00-00
SKU: IA01515-EU-MR_23156

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Description

Accommodative monetary policy and low interest rates by the European Central Bank, coupled with increasing investments by Chinese investors in Central and Eastern Europe, had aided the resurgence of European economy in 2017. As part of China’s One Belt One Road project, the 16 Plus 1 initiative has made investments of $3 billion and plans to invest further in Central and Eastern European countries. In addition, the outcome of the Brexit referendum further strengthened the rest of the countries in Europe in terms of trade, investment, and monetary policies; this resulted in the fastest GDP growth rate in the European economy since 2007, an increase by 2.5% Y-o-Y, surpassing a 2.3% growth rate in the US. Central and Eastern European countries were key contributors for this positive growth rate. European commercial buildings were one of the key benefactors of the recovering economy and attracted an investment of €47.4 billion from various investors until Q3 2017, despite geopolitical uncertainties in Europe. In addition, the European commercial building industry witnessed large transactions coupled with corporate mergers and acquisitions, indicative of strong growth opportunities. Increasing investment in the commercial building industry is subsequently driving the demand for pumps in building applications such as HVAC, pressure boosting, drainage and sewage, and fire protection. Furthermore, increased need to revamp existing infrastructure has boosted demand for pumps, as more than 30% of the buildings in Europe are over 45 years old. Refurbishment and replacement activities in old building applications will further drive the demand for commercial pumps. Furthermore, with energy consumption being greater than 40% of the total European energy consumption, building services is one the largest energy-consuming industries. As a result, Europe’s legislation concerning energy-efficient policies aims to reduce energy consumption in building services drastically by 2020. The goal of the Energy Performance of Buildings Directive is to make all new buildings reduce to net zero-energy by the end of 2020. European countries such as the UK, France, and Germany have been mandated to set minimum energy performance requirements for new buildings, execute inspection schemes for HVAC systems, and refurbish existing systems. Thus, the strict regulations mandated by the government have increased the need for energy-efficient pumps in building applications. Hence, end users of pumps involved with building services such as commercial builders, OEMs, EPC companies, along with technical consultants are constantly seeking pumping solutions that are energy efficient. With the advent of the IIoT, pump manufacturers are embracing IIoT technologies, such as cognitive computing and real-time data analytics to increase the lifespan of pumps, albeit at a slower rate. Pump manufacturers are already collaborating with software simulation providers to use digital twin technology to provide end users with smart pump solutions. Smart and energy-efficient pumps will enable data sharing and assist in real-time control of HVAC temperature, flow, and pressure. With transforming technologies accompanied by changes in the requirements of end users, pump manufacturers are constantly innovating to enhance quality as well as features. In conclusion, the global pumps market in commercial building services is driven by growing urbanization, environmental regulations, and the need for better commercial infrastructure in most of Europe. Continued investment in the European commercial buildings market will lead to an increased number of commercial buildings, subsequently driving the pumps market. In addition, refurbishment and replacement of old pumps in existing infrastructure will aid growth. Finally, a focus on energy-efficient systems and green building will drive manufacturers to produce smarter pumps that have enhanced energy-efficient features and are compatible with current IIoT technologies.

Author: Avinash Kumar

Table of Contents

Key Findings

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Types of Pumps

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Key Questions this Study will Answer

Type of Pumps

Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Market Engineering Measurements (Continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue Forecast by Pump Type

Revenue Forecast by Pump Type

Pump Type Revenue Forecast Discussion

Pump Type Revenue Forecast Discussion (continued)

Percent Revenue Forecast by Region

Revenue Forecast by Region

Regional Revenue Forecast Discussion

Regional Revenue Forecast Discussion (continued)

Regional Revenue Forecast Discussion (continued)

Percent Revenue Forecast by Vertical Market

Revenue Forecast by Vertical Market

Vertical Market Revenue Forecast Discussion

Vertical Market Revenue Forecast Discussion (continued)

Competitive Analysis—Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Top Competitors (continued)

Product Application Presence Matrix—2017

Germany Breakdown—Real GDP Growth

Germany Market—Revenue Forecast

Germany—Revenue Forecast Discussion

Germany Market—Percent Revenue Forecast by Vertical Market

Germany Market—Revenue Forecast by Vertical Market

Germany Vertical Market—Revenue Forecast Discussion

France Breakdown—Real GDP Growth

France Market—Revenue Forecast

France—Revenue Forecast Discussion

France Market—Percent Revenue Forecast by Vertical Market

France Market—Revenue Forecast by Vertical Market

France Vertical Market—Revenue Forecast Discussion

Italy Breakdown—Real GDP Growth

Italy Market—Revenue Forecast

Italy—Revenue Forecast Discussion

Italy Market—Percent Revenue Forecast by Vertical Market

Italy Market—Revenue Forecast by Vertical Market

Italy Vertical Market Revenue Forecast Discussion

UK Breakdown—Real GDP Growth

UK Market—Revenue Forecast

UK—Revenue Forecast Discussion

The UK Market—Percent Revenue Forecast by Vertical Market

The UK Market—Revenue Forecast by Vertical Market

The UK Vertical Market Revenue Forecast Discussion

Iberia Breakdown—Real GDP Growth

Iberia Market—Revenue Forecast

Iberia—Revenue Forecast Discussion

Iberia Market—Percent Revenue Forecast by Vertical Market

Iberia Market—Revenue Forecast by Vertical Market

Iberia Vertical Market Revenue Forecast Discussion

Scandinavia Breakdown—Real GDP Growth

Scandinavia Market—Revenue Forecast

Scandinavia—Revenue Forecast Discussion

Scandinavia Market—Percent Revenue Forecast by Vertical Market

Scandinavia Market—Revenue Forecast by Vertical Market

Scandinavia Vertical Market Revenue Forecast Discussion

Benelux Breakdown—Real GDP Growth

Benelux Market—Revenue Forecast

Benelux—Revenue Forecast Discussion

Benelux Market—Percent Revenue Forecast by Vertical Market

Benelux Market—Revenue Forecast by Vertical Market

Benelux Vertical Market Revenue Forecast Discussion

RoWE Breakdown—Real GDP Growth

RoWE Market—Revenue Forecast

RoWE—Revenue Forecast Discussion

RoWE Market—Percent Revenue Forecast by Vertical Market

RoWE Market—Revenue Forecast by Vertical Market

RoWE Vertical Market Revenue Forecast Discussion

Eastern Europe Breakdown—Real GDP Growth

Eastern Europe Market—Revenue Forecast

Eastern Europe—Revenue Forecast Discussion

Eastern Europe Market—Percent Revenue Forecast by Vertical Market

Eastern Europe Market—Revenue Forecast by Vertical Market

Eastern Europe Vertical Market Revenue Forecast Discussion

5 Major Growth Opportunities

Growth Opportunity 1—Energy-efficient Pump Solutions

Growth Opportunity 2—Green Buildings–Zero Net Energy

Growth Opportunity 3—Value-added Services

Growth Opportunity 4—Market Positioning

Strategic Imperatives for Success and Growth

The Last Word—Three Big Predictions

Legal Disclaimer

Market Engineering Methodology

Partial List of Companies Interviewed

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
Accommodative monetary policy and low interest rates by the European Central Bank, coupled with increasing investments by Chinese investors in Central and Eastern Europe, had aided the resurgence of European economy in 2017. As part of China’s One Belt One Road project, the 16 Plus 1 initiative has made investments of $3 billion and plans to invest further in Central and Eastern European countries. In addition, the outcome of the Brexit referendum further strengthened the rest of the countries in Europe in terms of trade, investment, and monetary policies; this resulted in the fastest GDP growth rate in the European economy since 2007, an increase by 2.5% Y-o-Y, surpassing a 2.3% growth rate in the US. Central and Eastern European countries were key contributors for this positive growth rate. European commercial buildings were one of the key benefactors of the recovering economy and attracted an investment of €47.4 billion from various investors until Q3 2017, despite geopolitical uncertainties in Europe. In addition, the European commercial building industry witnessed large transactions coupled with corporate mergers and acquisitions, indicative of strong growth opportunities. Increasing investment in the commercial building industry is subsequently driving the demand for pumps in building applications such as HVAC, pressure boosting, drainage and sewage, and fire protection. Furthermore, increased need to revamp existing infrastructure has boosted demand for pumps, as more than 30% of the buildings in Europe are over 45 years old. Refurbishment and replacement activities in old building applications will further drive the demand for commercial pumps. Furthermore, with energy consumption being greater than 40% of the total European energy consumption, building services is one the largest energy-consuming industries. As a result, Europe’s legislation concerning energy-efficient policies aims to reduce energy consumption in building services drastically by 2020. The goal of the Energy Performance of Buildings Directive is to make all new buildings reduce to net zero-energy by the end of 2020. European countries such as the UK, France, and Germany have been mandated to set minimum energy performance requirements for new buildings, execute inspection schemes for HVAC systems, and refurbish existing systems. Thus, the strict regulations mandated by the government have increased the need for energy-efficient pumps in building applications. Hence, end users of pumps involved with building services such as commercial builders, OEMs, EPC companies, along with technical consultants are constantly seeking pumping solutions that are energy efficient. With the advent of the IIoT, pump manufacturers are embracing IIoT technologies, such as cognitive computing and real-time data analytics to increase the lifespan of pumps, albeit at a slower rate. Pump manufacturers are already collaborating with software simulation providers to use digital twin technology to provide end users with smart pump solutions. Smart and energy-efficient pumps will enable data sharing and assist in real-time control of HVAC temperature, flow, and pressure. With transforming technologies accompanied by changes in the requirements of end users, pump manufacturers are constantly innovating to enhance quality as well as features. In conclusion, the global pumps market in commercial building services is driven by growing urbanization, environmental regulations, and the need for better commercial infrastructure in most of Europe. Continued investment in the European commercial buildings market will lead to an increased number of commercial buildings, subsequently driving the pumps market. In addition, refurbishment and replacement of old pumps in existing infrastructure will aid growth. Finally, a focus on energy-efficient systems and green building will drive manufacturers to produce smarter pumps that have enhanced energy-efficient features and are compatible with current IIoT technologies. Author: Avinash Kumar
More Information
No Index No
Podcast No
Author Avinash Kumar
Industries Industrial Automation
WIP Number MDA5-01-00-00-00
Is Prebook No
GPS Codes 9406-A5,9593,9420