Between 2016 and 2020, the Europe water pumps industry extended at a CAGR of over 0.5%. Many of the important advances in pump technology have their origins in long-established European enterprises, which have been aided by a variety of specialist technical groups as well as government funding.
Until 2031, Future Market Insights (FMI) forecasts that the market for water pumps in Europe will grow at a CAGR of more than 3.6%.
One of the few industrial sectors where Europe is still performing at least as well as, if not better than, its global rivals is pump manufacture. For many years, it has had a favourable trade balance with other significant alliances in Asia and the Americas, and it still does.
The Europe water pumps market refers to the market for pumps used for various water-related applications, such as pumping water for drinking, irrigation, industrial processes, and wastewater management. The market includes both centrifugal and positive displacement pumps, with various sizes, types, and materials of construction.
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The water pumps sector in Europe is confronted by several opportunities such as the need to reduce the energy consumption in several European countries, keep at par with the customer requirements and maintain the position concerning global vendors and expand its presence from regional to global levels.
Along with this, there are increasing opportunities by the supporting framework for energy efficiency as well as addressing the needs of the emerging markets including but not limited to chemicals and petrochemicals.
The increasing 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.
As the Europe pump sector matures, 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.
According to a report by ResearchAndMarkets.com, the Europe water pumps market is projected to grow at a CAGR of 2.9% during the period 2020-2025. The increasing demand for water pumps in various end-use industries, such as construction, agriculture, and oil and gas, is driving the market growth. Additionally, the growing emphasis on water conservation and wastewater treatment is also expected to boost the demand for water pumps in the region.
Several EU regulations 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.
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Key Europe Water Pumps Market Segments Covered
By Capacity:
- Upto 2HP
- 2-5 HP
- 5-10 HP
- 10-15 HP
- 15-20 HP
- 20-30 HP
- Above 30 HP
By Product Type:
- Centrifugal Pump
- Positive Displacement
By End Use Sector:
- Centrifugal Pump
- Positive Displacement
By Country:
- Germany
- Italy
- France
- U.K.
- Spain
- BENELUX
- Russia
- Poland
- Rest of Europe
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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