Backed by a well-established distribution network, Grundfos has been highly successful in delivering products designed for specific applications in this industry. This Award also recognizes the company for breaking new ground with the manufacture of multistage pumps.
"Grundfos is renowned for its strong presence and distribution network spread across 40 countries, which has enabled it to understand the local markets and provide customized solutions for its customers," says Frost & Sullivan Research Analyst Dushyant Mehra. "Customers worldwide laud the company’s ability to provide innovative products along with high-quality solutions on time that meet specific needs in the water and wastewater segment."
Grundfos’ ability to offer value-added support services along with its products has helped it stay competitive in the maturing global pumps market. It is committed to continuously innovating products and enhancing their efficiency, helping customers significantly reduce operational costs and decrease downtime.
The newer pumps developed by the company also offer customers the advantage of increased energy savings. However, the company’s focus on innovation extends beyond savings. The SQFlex product, for example, is a drinking water pump that can be powered by solar panels, a wind turbine, or a combination of both. This allows efficient, reliable wells to be drilled where stable power supply is unavailable, and the use of renewable energy is an added benefit.
Another example of innovation is the Grundfos BioBooster, a system for aerobic biological treatment of easily degradable organic wastewater. Developed entirely by Grundfos, the system consists of self-contained, compact modules that can be combined to provide the desired treatment capacity while taking up only around 15% of the space required by conventional solutions. Based on biofilm, the system uses unique technology to maintain peak efficiency at all times. The method allows for super-compact units and for much better control of the biological process, reducing response rates from a matter of weeks to a matter of minutes.It is receiving increasing attention and has already helped a leading dairy company in Europe substantially reduce its wastewater treatment discharge costs as well as meet strict environmental standards.
With its commitment to providing customers with innovative solutions that address their most difficult challenges, Grundfos has realized the importance of research and development and spends approximately 4.5 percent of its annual turnover for this purpose. While this is considerably higher than the average industry spend, it has enabled the company to develop products such as its SE range of pumps that have certain unique features. For example, these pumps have a sealed cable plug system that prevents the liquid from entering the motor, thus avoiding a common occurrence in other contemporary designs.
Grundfos’ principle of combining product innovation with a constant focus on local needs as well as superior customer service has helped it achieve significant growth in the emerging economies of Eastern Europe, Russia, and India. The company has also been able to position itself as a market leader in several Asian countries.
"In recognition of its continued capability to deliver pioneering solutions that positively influence customers’ overall productivity, Frost & Sullivan is proud to present Grundfos Management A/S with the 2007 Company of the Year Award in the world pumps market for the water and wastewater industry," says Mehra.
Each year Frost & Sullivan presents this Award to the company that has demonstrated excellence in all operations. Award is based on numerous factors including the company’s business development, competitive strategy, and leadership within a particular Frost & Sullivan industry research group (IRG).
This company is perceived to exhibit outstanding management, consistent growth, and positive economic impact on customers. Exceptional customer service has been noted as crucial to success, coupled with the ability to combine technology and successful strategic initiatives. The award recipient has also demonstrated superior market growth skills through significant gains in the market during the research period. This company has the know-how to take advantage of market changes through the execution of innovative strategies within the existing competitive landscape.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
With its continuous development of trend-setting pumps and pump systems, Grundfos (grundfos.com) is one of the world’s leading pump manufacturers. Grundfos has sales companies in more than 40 countries all around the world and supplies pumps for a wide variety of purposes such as building services, industry, dosing, water supply, and wastewater along with motors and electronics. Well-defined and deeply rooted company values are the core of everything that Grundfos does. Expressed in their shortest form they amount to: Being responsible - Thinking ahead – Innovation
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