A recent marketing survey found that 84.0 percent of satisfied customers would "jump ship" for a better deal if an opportunity arose. With markets becoming increasingly globalized, customer retention has become a critical part of business strategy. Companies need to ask themselves: What reason can I give this customer to stay, even if my competitor offers a cheaper price? The keys lie in keeping customers loyal to brands and products and ensuring a consistently outstanding customer experience.
Electric drives are used in various applications in the oil and gas industry for varying motor speeds driving critical components, including pumps, fans and compressors.
The freefall in electric motor sales is a direct effect of the worldwide economic downturn, which has severely depressed industrial and commercial productions.
We have just faced the toughest recession of our modern times.
The globalization wave, outsourcing surge and the sizzling economies in Asia-Pacific create an attractive picture for investments in the pumps market.
Positive displacement pumps are known as the poor cousin in the global pumps market.
Pump manufacturers are looking at the service industry in a whole new light as pump industry growth slows and the servicing industry growth rate surges ahead.
Pump sales will increase as developing nations expand production to meet demand.