According to a report by Future Market Insights, the Europe water pumps market is projected to reach a valuation of USD 64.74 billion in 2023. The market is anticipated to secure a Compound Annual Growth Rate (CAGR) of 4.3% from 2023 to 2033, with a predicted value of USD 98.6 billion by the end of 2033. This growth trajectory underscores the increasing significance of water supply solutions in addressing environmental challenges and the growing need for efficient water resource management in the region.
The Europe water pumps market is experiencing widespread adoption, driven by its capacity to operate with high adaptability while efficiently pumping low-viscosity fluids at cost-effective rates. The availability of submersible pumps in various shapes and sizes offers end users the flexibility to make purchases tailored to their specific requirements.
Within the operational segment, the water supply category is anticipated to witness a notable growth rate in the Europe water pumps market in the coming years. This growth can be attributed to the extensive application scope of water supply pumps, encompassing activities such as rainwater harvesting and groundwater intake.
The ongoing trend of rural-to-urban migration, driven by job opportunities and aspirations for improved living standards, is contributing to the increasing demand for water pumps. Furthermore, the active involvement of European governments in infrastructural development initiatives is acting as a catalyst for the rapid expansion of the Europe water pumps marketTop of Form.
Key Takeaways from the Market Study:
- Sales of Europe water pumps market expanded at a CAGR of 3.39% from 2018 to 2022
- Germany market for Europe water pumps market is likely to have a market share of 17.2%
- Asia Pacific market for the Europe water pumps market is projected to secure a share of 15.26%.
- Europe water pumps market recorded USD 63.2 billion in 2022.
- Europe water pumps market to expand at over 3.6 % CAGR through 2031.
- Market for water pumps in Germany is expected to create an absolute dollar opportunity of USD 446.4 million during the forecast period.
- Water pumps market in the United Kingdom is expected to rise at nearly 2.8% CAGR over the forecast period.
- Water pumps market in the United Kingdom is expected to have a market share of 7.89%.
- The United Kingdom is expected to create an absolute dollar opportunity of USD 269.4 million during the forecasted period.
- Asia Pacific region is anticipated to augment the market growth with a market share of 15.26%.
- China is predicted to expand with a CAGR of 4.8% from 2023 to 2033.
- China holds a share of 6.75% of the market.
- Submersible pumps segment is one of the most attractive pump types in the Europe water pumps market holding a market share of 5.2%.
- Industrial water pumps are estimated to expand at a value of 4.49%.
“Introduction of intelligent pump systems acts as a prominent growth driver of the Europe water pumps market”, comments a Future Market Insights Analyst.
Competitive Landscape:
Some of the Leading Players Operating in the Global Market are:
- Xylem Inc
- Grundfos Holding A/S
- Flowserve Corporation
- Andritz Group
- Ebara Corporation
- KSB AG
- Sulzer Ltd
- Gorman Rupp Co.
- Franklin Electric
- ITT Inc
Important Developments by Key Players:
- In June 2023, Cordonel®, an innovative ultrasonic C&I water meter from Sensus, a Xylem brand, which features a patented technology that measures low-to-high-volume flow with proven accuracy. The unique flow tube has three measurement channels to capture every drop and seamlessly integrates with the FlexNet®.
- In January 2023, Franklin Electric Series VI Pumps will now be packaged as FS Series.
Key Segmentation of Europe Water Pumps Market:
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
- Single Stage
- Multi-Stage
- Axial & Mixed Flow
- Submersible
- Circulator
- Positive Displacement
- Reciprocating
- Rotary
By End Use Sector:
- Centrifugal Pump
- Domestic
- Agriculture & Irrigation
- Mining
- Water & Wastewater
- Oil & Gas
- Other Industrial
- Positive Displacement
- Oil & Gas
- Chemical
- Water & Wastewater
- Pulp & Paper
- Power
- Other Industrial
By Country:
- Germany
- Italy
- France
- The United Kingdom
- Spain
- BENELUX
- Russia
- Poland
- Rest of Europe
Browse More Information about the Industry:
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
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