The market for water pumps in Europe is predicted to grow annually (YoY) by 3.8% to reach $8 Bn in 2021. According to the study, between 2021 and 2031, the demand for water pumps in Europe will grow at a 3.6% CAGR.
Axial and mixed flow water pump sales will increase by over 4.3% CAGR in the overall water pumps market in Europe. Sales of water pumps made up between 53% and 55% of the entire Europe pumps market as of 2020.
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. It has enjoyed a strong positive trade balance with other major alliances in Asia and the Americas for many years, and it continues to do so.
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The water pumps sector in Europe is confronted by a number of opportunities such as need to reduce the energy consumption in number of European countries, keep at par with the customer requirements and maintaining the position with respect to global vendors and expanding presence from regional to global levels.
Along with this, there are increasing opportunities in accordance with the supporting framework for energy efficiency as well as addressing 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 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.
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
- 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
- U.K.
- Spain
- BENELUX
- Russia
- Poland
- Rest of Europe
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