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21 Jun 2019  |  Europe
Automation and Initiatives Like Industrie 4.0 and IIoT are Expected to Drive the Market
In the last couple of decades, the valve manufacturing industry was focused on identifying low-cost manufacturing destinations as ‘Outsourcing’ had huge pricing benefits. Despite the pricing benefits, low quality and late delivery were serious concerns to the manufacturers and end users. Has the situation changed in recent years? Are valve manu...
13 May 2019  |  Europe
Need for Energy-efficient Pumps and Improved Domestic Demand are Driving the Growth
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 inve...
02 May 2019  |  Europe
Increasing Focus on Energy Efficiency and Demand From Various New Applications Drives the Demand for Vacuum Pumps
Vacuum pumps are used in majority of industrial applications where there is a requirement for hygiene and pressure below the atmospheric pressure. For example, manufacturing of wafers in the semiconductor industry requires approximately 1,000 turbo pumps and more than 4,000 backing pumps. In R&D applications, a single pump will suffice the vacuum r...