The European water pumps market is predicted to expand 3.8% year on year (YoY) to US$ 8 billion in 2021. According to the analysis, the demand for water pumps in Europe would rise at a 3.6% CAGR between 2021 and 2031.
In the entire Europe water pumps market, axial and mixed flow water pump sales will rise at a CAGR of more than 4.3%. Water pump sales will account for between 53% and 55% of the total European pump market by 2020.
Pump production is a vibrant industry in Europe, driven by both small and major businesses. In the fight against climate change, these end-use sectors are confronted with increased energy conservation requirements as well as far-reaching environmental challenges.
Water and wastewater treatment has been the most receptive sector among the various industrial verticals in terms of adoption, with significant expenditures made and planned towards facility modernization, which includes asset monitoring and integration of industrial internet of things (IIOT).
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Several organizations have been actively upgrading their water treatment plants with smart pumps. As a next step, companies have planned to invest in IIoT based solutions that helps to acquire and interpret the data generated from these assets with power of algorithms and machine learning capabilities that aids to predict failures, increase productivity and drive innovation. However the degree of investment in IIOT is largely governed by the water sector’s legal framework.
Key Takeaways of Water Pumps Market Study
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- As per Future Market Insights, Germany, U.K. and Russia are key markets accounting for nearly half of water pumps sales in the Europe market value share in 2021.
- The Water Pumps market in U.K. is expected to rise at nearly 2.8% CAGR over the forecast period. Overseas customers prefer manufacturing and engineering expertise of U.K. over other countries.
- The value share of 2 HP water pumps is more than one-fourth of the Europe market. These high pressure pumps are used in agriculture and irrigation applications, easy to operate, can be suitable for potable purposes as well as the robustness and durability makes it preferred choice among the end-users.
- Water pumps market is a highly consolidated with the top players holding nearly 65-70% of water pumps sales within Europe.
“Studies and research have been conducted in recent years to offer improved energy-efficiency in water pumps. Energy and environmental concerns can provide an excellent foundation for pump application innovation and European pump manufacturers are leading the way in this field. EU legislation has mandated minimum energy efficiency requirements for clean water pumps and circulators, which is expected to positively affect the market growth,” says a Future Market Insights analyst.
During the forecast period, water pumps market is expected to be aggressively driven by automation. With the positive influence from industry 4.0 and the rising implications of quality management systems to enhance efficiency of operations and reduction of error rate, there will be surge in sales of Water Pumps and manufacturers are likely to generate higher revenues from Water Pumps.
Competitive Landscape
The market for Water Pumps in Europe is extremely consolidated, with the top players accounting for over 65-70% of the market in 2020. These market participants are vying to expand their geographic footprints by targeting new markets in European countries. They are integrating IOT enabled technology to track the runtime and optimize equipment efficiency. Some of the key players in the market include tier-1 companies such as Xylem Inc, Grundfos, Flowserve Corporation, Andritz Group, Ebara Corporation, KSB AG, Sulzer Ltd, Gormann Rupp, Franklin Electric and ITT Inc.
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Key Europe Water Pumps Market Segments Covered
By Capacity:
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- Upto 2HP
- 2-5 HP
- 5-10 HP
- 10-15 HP
- 15-20 HP
- 20-30 HP
- Above 30 HP
By Product Type:
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- Centrifugal Pump
- Single Stage
- Multi Stage
- Axial & Mixed Flow
- Submersible
- Circulator
- Positive Displacement
- Reciprocating
- Rotary
- Centrifugal Pump
By End Use Sector:
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- Centrifugal Pump
- Domestic
- Agriculture & Irrigation
- Mining
- Water & Wastewater
- Oil & Gas
- Other Industrial
- Positive Displacement
- Oil & Gas
- Chemical
- Water & Wastewater
- Pulp & Paper
- Power
- Other Industrial
- Centrifugal Pump
By Country:
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- Germany
- Italy
- France
- U.K.
- Spain
- BENELUX
- Russia
- Poland
- Rest of Europe
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