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Challenges & Opportunities

The sector is confronted by a number of challenges and opportunities. These include:

- the requirement to reduce the energy consumption of pumps (in EU countries, pumps account for a significant proportion of energy consumption in industrial and commercial applications)

- addressing adequately draft EU legislation in areas such as energy efficiency, technical standards and health & safety

- supporting the framing of new EU legislation in such a way that the goals of the legislators are achieved without compromising the ability of pump manufacturers to compete internationally

- maintaining a competitive edge against global competition through matching more closely the needs of customers

- the requirement to move from competing at a regional to a global level, as many traditional end use sectors such as chemicals and petroleum refining shift investment patterns to low labour cost countries