The anticipated size of the Europe water pumps market in 2022 was US$ 63.2 billion and is estimated to be US$ 64.74 billion in 2023.
Boost in investments in the expedition and production of activities led by the oil & gas companies worldwide are expected to raise the demand for Europe pumps in the oil & gas industry as well. Moreover, upliftment in several infrastructural upgrades, in case of changing or the installation of new pipelines, is, therefore, expected to throw a positive impact on the market.
Future Market Insights anticipates that the Europe water pumps market is projected to expand at a CAGR of 4.3% between 2023 and 2033, totaling around US$ 98.6 billion by 2033.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2022) | US$ 63.2 billion |
| Projected Forecast Value (2023) | US$ 64.74 billion |
| Projected Forecast Value (2033) | US$ 98.6 billion |
| Growth rate | 4.3% CAGR |
| Forecast period | 2023 to 2033 |
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The global Europe water pumps market accounted for a CAGR of 3.39% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 4.3% between 2023 and 2033.
Europe’s water pumps market expanded at a CAGR of over 0.5% between 2016 and 2020 as many of the significant advances in pump technology have their origins in long-established enterprises of Europe, which have been aided by a variety of specialist technical groups as well as government funding.
Pump production is one of the few industrial sectors in which Europe continues to perform at least on pace with, if not better than its worldwide competitors. Further, it has enjoyed a strong positive trade balance with other leading alliances in Asia and America for many years, and it continues to do so.
Future Market Insights (FMI) expects the Europe water pumps market to expand at 3.6 % CAGR through 2031.
Reduction in the Consumption of Energy Required
The water pump sector in Europe is confronted by several opportunities such as the need to reduce energy consumption in numerous countries of Europe, keeping at par with customer requirements, and maintaining its position with respect to global vendors.
Increasing opportunities in accordance with the supporting framework for energy efficiency as well as addressing the needs of the emerging markets including but not limited to chemicals and petrochemicals.
Growing adoption of modern farming practices such as hydroponics and vertical farming as a consequence of the growing demand for organic food provides rising opportunities for water pumps in this area. Consequently, it has led to the inclination of end-users towards centrifugal water pumps for water circulation.
Principal Consultant
Introduction of Intelligent Pump Systems Acts as a Prominent Growth Driver
Europe’s pump sector matures, and emerging technologies like intelligent pump systems are expected to be the primary engine of future growth. The need for these smart pumps is growing in a variety of end user segments, including water and wastewater treatment, building automation, and food and beverage.
Several regulations in Europe have been implemented through national legislation to ensure that ambient, drinkable water and wastewater meet acceptable quality criteria, as well as to increase the rate of home sewage connection.
The water and wastewater industry's increased focus on reducing energy usage and pump lifetime costs is encouraging the adoption of smart pumps across Europe. Tough environmental laws aimed at lowering greenhouse gas and carbon emissions help the smart pump business thrive.
The water pump sector in Europe is confronted by several opportunities such as the need to reduce energy consumption in many countries of Europe, keep at par with customer requirements and maintain its position with respect to global vendors, and expanding presence from regional to global levels.
Increasing opportunities in accordance with the supporting framework for energy efficiency as well as addressing the needs of the emerging markets including but not limited to chemicals and petrochemicals.
An increase in the adoption of modern farming practices such as hydroponics and vertical farming as a consequence of the growing demand for organic food provides rising opportunities for water pumps in this area, which has led to the inclination of end-users towards centrifugal water pumps for water circulation.
The Industrial Internet of Things (IoT) is Said to Encourage Intelligent Pump Sales in Europe
Pump manufacturers are incorporating new technological features into current pumps in response to increased customer demand for maximum production from legacy equipment.
Advanced approaches such as predictive maintenance, remote monitoring, digital twin technology, Artificial Intelligence (AI), and virtual reality/augmented reality (VR/AR) are in high demand with IoT. It is because there might be an increase in several agreements between pump makers and the IT sector as software-based predictive analysis becomes prominent.
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Digitization and Automation of Water 4.0 has been Placed
The market for water pumps in Germany is expected to create an absolute dollar opportunity of US$ 446.4 million during the forecast period. WATER 4.0 has placed digitization and automation at the heart of a resource-efficient, adaptable, and competitive water management strategy in Germany. It has further resulted into:
The market share of water pumps in Germany is said to be 17.2%. Intelligent networking of water users such as agriculture, industry, and households, as well as components in sustainable water infrastructure, with the environment and the water circuit, resulting in a holistic approach along the value-added chain has been enabled.
Preference for Manufacturing and Engineering Expertise by the Overseas Customers
The water pumps market in the United Kingdom is expected to rise at nearly 2.8% CAGR over the forecast period. Overseas customers prefer the manufacturing and engineering expertise of the United Kingdom over other countries, though, BREXIT is considered a hindrance in market growth. It is a great opportunity for regional manufacturers to showcase their innovation and reinvigorate the manufacturing sector.
The future of the water pumps market in the United Kingdom lies in the increasing opportunities in drainage and municipal water end-use. The country is expected to create an absolute dollar opportunity of US$ 269.4 million in the forthcoming years.
Growth in Investments in Chemical, Petrochemical, and Construction Industries is Raising the Market for China
The water pumps market in Asia Pacific region is anticipated to witness stringent growth during the forecasted period. This growth is due to rapid industrialization in the developing economies of Asia Pacific by raising investments in manufacturing, commercial, and industrial projects that have led to the contribution of the overall growth of the water pumps in the market.
An increase in the penetration of products in various end-use industries like agriculture and petrochemical is expected to augment the market growth with a market share of 15.26%. China is thus, expected to act as the driving factor in the growth in investments in the industries like chemical, petrochemical, and construction with a CAGR of 4.8% holding a share of 6.75% of the market.
Several multinational companies of chemicals and petrochemical are estimated to open new manufacturing plants in China that might owe to the favorable government policies. Companies are thus, said to look into expansion in China, where the demand for pumps in the country is going to automatically grow in the market.
2HP is Considered to have Dominant Capacity in the Market
Market value share of 2 HP water pumps is more than one-fourth of Europe market as these high pressure pumps are used in agriculture and irrigation applications. These water pumps are easy to operate, can be suitable for potable purposes as well as the robustness. Further, their durability makes it preferred choice among the end-users as this segment is expected to create an absolute dollar opportunity of US$ 662.1 million with a market share of 10.2%.
Submersible Pumps Segment is said to Gain the Most Sales
Submersible pumps segment is said to gain the most sales and it is one of the most attractive pump types in Europe water pumps market with a market share of 5.2%. With rising usage in industrial wastewater sector, to domestic and public water, these pumps are suitable for varied applications. Furthermore, they have high economic viability and also useful in draining out flooded water.
With added advantage that can pump water from great depths, they can be efficiently used without getting overstrained. This segment is expected to create an absolute dollar opportunity of USD 647 million from 2023 to 2033.
Industrial Water Pumps Hold a Significant Share of the Market
Industrial water pumps are used to transport several fluids in different applications and sectors. Many water pumps are available for moving oils, chemical fluids, meals, beverages, sludge, wastewater, and other materials. Industrial water pumps is projected to expand at a value of 4.49%
Some of the modern commercial or industrial water pumps are built to withstand harsh circumstances in a variety of climates and terrains. Target end-use industries include water/wastewater applications and agriculture and irrigation.
Some of the Prominent Players Working in the Global Market are:
Important Developments by the Key Players
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.3% from 2023 to 2033 |
| Market value in 2023 | US$ 64.74 billion |
| Market value in 2033 | US$ 98.6 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | US$ billion for Value and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization Scope | Available on Request |
The sales water pumps in Europe might increase at 4.3% per year till 2033.
The overall market is projected to be almost US$ 64.74 billion in 2023.
The 2 HP water pumps account for over 24% sales in Europe.
Sales of submersible water pumps is anticipated to witness 5.2% CAGR until 2033.
Xylem, Grundfos, and Flowserve are the top manufacturers in Europe.
1. Executive Summary
1.1. Europe Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2023 to 2033
5.3.1. Upto 2HP
5.3.2. 2-5 HP
5.3.3. 5-10 HP
5.3.4. 10-15 HP
5.3.5. 15-20 HP
5.3.6. 20-30 HP
5.3.7. Above 30 HP
5.4. Y-o-Y Growth Trend Analysis By Capacity, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Capacity, 2023 to 2033
6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
6.3.1. Centrifugal Pump
6.3.1.1. Single Stage
6.3.1.2. Multi Stage
6.3.1.3. Axial & Mixed Flow
6.3.1.4. Submersible
6.3.1.5. Circulator
6.3.2. Positive Displacement
6.3.2.1. Reciprocating
6.3.2.2. Rotary
6.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Sector
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use Sector, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use Sector, 2023 to 2033
7.3.1. Centrifugal Pump
7.3.1.1. Domestic
7.3.1.2. Agriculture & Irrigation
7.3.1.3. Mining
7.3.1.4. Water & Wastewater
7.3.1.5. Oil & Gas
7.3.1.6. Other Industrial
7.3.2. Positive Displacement
7.3.2.1. Oil & Gas
7.3.2.2. Chemical
7.3.2.3. Water & Wastewater
7.3.2.4. Pulp & Paper
7.3.2.5. Power
7.3.2.6. Other Industrial
7.4. Y-o-Y Growth Trend Analysis By End Use Sector, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End Use Sector, 2023 to 2033
8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. Europe
8.4. Market Attractiveness Analysis By Region
9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. Italy
9.2.1.3. France
9.2.1.4. UK
9.2.1.5. Spain
9.2.1.6. BENELUX
9.2.1.7. Russia
9.2.1.8. Poland
9.2.1.9. Rest of Europe
9.2.2. By Capacity
9.2.3. By Product Type
9.2.4. By End Use Sector
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Capacity
9.3.3. By Product Type
9.3.4. By End Use Sector
9.4. Key Takeaways
10. Key Countries Market Analysis
10.1. Germany
10.1.1. Pricing Analysis
10.1.2. Market Share Analysis, 2022
10.1.2.1. By Capacity
10.1.2.2. By Product Type
10.1.2.3. By End Use Sector
10.2. Italy
10.2.1. Pricing Analysis
10.2.2. Market Share Analysis, 2022
10.2.2.1. By Capacity
10.2.2.2. By Product Type
10.2.2.3. By End Use Sector
10.3. France
10.3.1. Pricing Analysis
10.3.2. Market Share Analysis, 2022
10.3.2.1. By Capacity
10.3.2.2. By Product Type
10.3.2.3. By End Use Sector
10.4. UK
10.4.1. Pricing Analysis
10.4.2. Market Share Analysis, 2022
10.4.2.1. By Capacity
10.4.2.2. By Product Type
10.4.2.3. By End Use Sector
10.5. Spain
10.5.1. Pricing Analysis
10.5.2. Market Share Analysis, 2022
10.5.2.1. By Capacity
10.5.2.2. By Product Type
10.5.2.3. By End Use Sector
10.6. BENELUX
10.6.1. Pricing Analysis
10.6.2. Market Share Analysis, 2022
10.6.2.1. By Capacity
10.6.2.2. By Product Type
10.6.2.3. By End Use Sector
10.7. Russia
10.7.1. Pricing Analysis
10.7.2. Market Share Analysis, 2022
10.7.2.1. By Capacity
10.7.2.2. By Product Type
10.7.2.3. By End Use Sector
10.8. Poland
10.8.1. Pricing Analysis
10.8.2. Market Share Analysis, 2022
10.8.2.1. By Capacity
10.8.2.2. By Product Type
10.8.2.3. By End Use Sector
11. Market Structure Analysis
11.1. Competition Dashboard
11.2. Competition Benchmarking
11.3. Market Share Analysis of Top Players
11.3.1. By Regional
11.3.2. By Capacity
11.3.3. By Product Type
11.3.4. By End Use Sector
12. Competition Analysis
12.1. Competition Deep Dive
12.1.1. Xylem Inc
12.1.1.1. Overview
12.1.1.2. Product Portfolio
12.1.1.3. Profitability by Market Segments
12.1.1.4. Sales Footprint
12.1.1.5. Strategy Overview
12.1.1.5.1. Marketing Strategy
12.1.1.5.2. Product Strategy
12.1.1.5.3. Channel Strategy
12.1.2. Grundfos Holding A/S
12.1.2.1. Overview
12.1.2.2. Product Portfolio
12.1.2.3. Profitability by Market Segments
12.1.2.4. Sales Footprint
12.1.2.5. Strategy Overview
12.1.2.5.1. Marketing Strategy
12.1.2.5.2. Product Strategy
12.1.2.5.3. Channel Strategy
12.1.3. Flowserve Corporation
12.1.3.1. Overview
12.1.3.2. Product Portfolio
12.1.3.3. Profitability by Market Segments
12.1.3.4. Sales Footprint
12.1.3.5. Strategy Overview
12.1.3.5.1. Marketing Strategy
12.1.3.5.2. Product Strategy
12.1.3.5.3. Channel Strategy
12.1.4. Andritz Group
12.1.4.1. Overview
12.1.4.2. Product Portfolio
12.1.4.3. Profitability by Market Segments
12.1.4.4. Sales Footprint
12.1.4.5. Strategy Overview
12.1.4.5.1. Marketing Strategy
12.1.4.5.2. Product Strategy
12.1.4.5.3. Channel Strategy
12.1.5. Ebara Corporation
12.1.5.1. Overview
12.1.5.2. Product Portfolio
12.1.5.3. Profitability by Market Segments
12.1.5.4. Sales Footprint
12.1.5.5. Strategy Overview
12.1.5.5.1. Marketing Strategy
12.1.5.5.2. Product Strategy
12.1.5.5.3. Channel Strategy
12.1.6. KSB AG
12.1.6.1. Overview
12.1.6.2. Product Portfolio
12.1.6.3. Profitability by Market Segments
12.1.6.4. Sales Footprint
12.1.6.5. Strategy Overview
12.1.6.5.1. Marketing Strategy
12.1.6.5.2. Product Strategy
12.1.6.5.3. Channel Strategy
12.1.7. Sulzer Ltd
12.1.7.1. Overview
12.1.7.2. Product Portfolio
12.1.7.3. Profitability by Market Segments
12.1.7.4. Sales Footprint
12.1.7.5. Strategy Overview
12.1.7.5.1. Marketing Strategy
12.1.7.5.2. Product Strategy
12.1.7.5.3. Channel Strategy
12.1.8. Gorman Rupp Co.
12.1.8.1. Overview
12.1.8.2. Product Portfolio
12.1.8.3. Profitability by Market Segments
12.1.8.4. Sales Footprint
12.1.8.5. Strategy Overview
12.1.8.5.1. Marketing Strategy
12.1.8.5.2. Product Strategy
12.1.8.5.3. Channel Strategy
12.1.9. Franklin Electric
12.1.9.1. Overview
12.1.9.2. Product Portfolio
12.1.9.3. Profitability by Market Segments
12.1.9.4. Sales Footprint
12.1.9.5. Strategy Overview
12.1.9.5.1. Marketing Strategy
12.1.9.5.2. Product Strategy
12.1.9.5.3. Channel Strategy
12.1.10. ITT Inc
12.1.10.1. Overview
12.1.10.2. Product Portfolio
12.1.10.3. Profitability by Market Segments
12.1.10.4. Sales Footprint
12.1.10.5. Strategy Overview
12.1.10.5.1. Marketing Strategy
12.1.10.5.2. Product Strategy
12.1.10.5.3. Channel Strategy
13. Assumptions & Acronyms Used
14. Research Methodology
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Europe Water Pumps Market
