Europe Pump Market Outlook, 2029
The Europe Pump Market is segmented into By Product (Centrifugal Pump, Positive Displacement Pump, Others), By Centrifugal Pump (Axial Flow Pump, Radial Flow Pump, Mixed Flow Pump), By Positive Displacement Pump (Reciprocating, Rotary, Others), By Application (Agriculture, Building & Construction, Waste & Wastewater) and By Power Generation (Oil & Gas, Chemical and Others).
- Bonafide Research
- 29-02-2024
- Pages : 96
- Figures : 15
- Tables : 25
- Region : Europe
- Category : Manufacturing & Industry
- Machinery, Parts & Equipment
The Europe Pump market is expected to reach a market size of more than USD 19 Billion by 2029 owing to rise in renewable energy projects and wastewater management
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Largest MarketGermany
- Fastest Market Germany
- Market Difference(2024-2029) USD 19
- Format
Featured Companies
- 1. General Electric Company
- 2. Xylem Inc. (Sensus)
- 3. Ingersoll Rand
- 4. velan holding co. ltd.
- 5. Wärtsilä Oyj
- 6. Imperial Metal Industries
- More...
Pump Market Market Analysis
Europe represents a vital sector within the continent's manufacturing landscape, playing a crucial role in various industrial, commercial, and municipal applications. Renowned for its engineering expertise, innovation, and high-quality products, the European pump industry stands as a cornerstone of fluid handling technology worldwide. With a rich history spanning centuries, European pump manufacturers have continuously evolved to meet the changing demands of diverse sectors, including water and wastewater management, industrial processing, energy production, construction, agriculture, and environmental protection. The industry encompasses a wide range of pump types, from centrifugal and positive displacement pumps to specialty pumps designed for specific applications and industries. Europe's commitment to sustainability, energy efficiency, and environmental stewardship drives innovation in pump technology, leading to the development of advanced solutions that optimise fluid handling processes while minimising energy consumption and environmental impact. Moreover, the European pump market benefits from a robust infrastructure, a skilled workforce, and a strong regulatory framework that promotes safety, quality, and reliability in pump manufacturing and deployment. Growing awareness of energy conservation and sustainability drives demand for energy-efficient pump systems in Europe. Manufacturers develop high-efficiency pumps that meet or exceed energy efficiency standards and regulations, providing customers with cost-effective and environmentally friendly solutions. According to the research report "Europe Pump Market Outlook, 2029," published by Bonafide Research, the Europe Pump market is expected to reach a market size of more than USD 19 Billion by 2029. The need for efficient water supply, wastewater treatment, and water conservation drives significant demand for pumps in Europe. Population growth, urbanisation, and industrial development increase the demand for clean water and the need to manage wastewater effectively, leading to investments in pumps for water infrastructure projects. Furthermore, pumps are essential components in various industrial processes across Europe, including chemical processing, oil and gas extraction, power generation, food and beverage production, pharmaceutical manufacturing, and building services. The demand for pumps in industrial applications stems from the need for fluid transfer, circulation, and processing in diverse sectors. Infrastructure development projects, including construction, utilities, and transportation, require pumps for dewatering, drainage, and water management. Urbanisation and development activities drive demand for pumps in building services, HVAC (heating, ventilation, and air conditioning) systems, and municipal infrastructure projects. The replacement of ageing pump systems and the need for upgrades to improve performance, reliability, and energy efficiency contribute to the ongoing demand for pumps in Europe. End-users invest in modern pump solutions to reduce operating costs, enhance system performance, and minimise downtime.
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Download SampleMarket Dynamic
Market Drivers • Water and Wastewater Management: The need for effective water supply, wastewater treatment, and water conservation drives demand for pumps in Europe. Population growth, urbanisation, and industrial development increase the demand for clean water and the need to manage wastewater efficiently, leading to investments in pumps for water infrastructure projects. • Industrial Applications: Pumps are integral to various industrial processes across Europe, including chemical processing, oil and gas extraction, power generation, food and beverage production, pharmaceutical manufacturing, and building services. The demand for pumps in industrial applications arises from the necessity for fluid transfer, circulation, and processing in diverse sectors. Market Challenges • Economic Uncertainty: Economic instability, market volatility, and geopolitical tensions can affect investment decisions and project financing in Europe, leading to fluctuations in demand for pumps and uncertainty in the market. • Competition: The pump market in Europe is highly competitive, with numerous domestic and international manufacturers vying for market share. Intense competition can exert pressure on pricing, margins, and profitability for pump manufacturers and suppliers. Market Opportunity • Digitalization and Smart Technologies: Pump manufacturers now have more options to innovate and set themselves apart from competitors thanks to the widespread use of digitalization, IoT (Internet of Things), and smart technologies. European consumers may benefit from value-added solutions like remote monitoring, predictive maintenance, and performance optimisation through the use of smart pumps that are outfitted with sensors, connections, and data analytics capabilities. • Infrastructure Modernization: Infrastructure modernization initiatives, including construction, utilities, transportation, and urban development projects, drive demand for pumps in Europe. Pump manufacturers can capitalise on opportunities in building services, HVAC (heating, ventilation, and air conditioning) systems, municipal infrastructure, and industrial applications by providing reliable, efficient, and technologically advanced pump solutions.
Pump Market Segmentation
| By Product | Centrifugal Pump | |
| Positive Displacement Pump | ||
| Others | ||
| By Centrifugal Pump | Axial Flow Pump | |
| Radial Flow Pump | ||
| Mixed Flow Pump | ||
| By Positive Displacement Pump | Reciprocating | |
| Rotary | ||
| Others | ||
| By Application | Agriculture | |
| Building & Construction | ||
| Waste & Wastewater | ||
| Power Generation | ||
| Oil & Gas | ||
| Chemical | ||
| Others | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
Based on the product types, they are segmented into centrifugal pumps, positive displacement pumps, and others. In terms of the centrifugal pump, it is bifurcated into an axial flow pump, a radial flow pump, and a mixed flow pump. In Europe, centrifugal pumps lead the pump market. Centrifugal pumps are known for their high efficiency and performance characteristics. They can achieve relatively high flow rates and pressures with low energy consumption, making them cost-effective solutions for fluid handling tasks. In Europe, where energy efficiency and sustainability are prioritised, centrifugal pumps are favoured for their ability to optimise energy usage and reduce operating costs. Furthermore, centrifugal pumps are available in a wide range of sizes, configurations, and materials to suit different application requirements. They can be horizontal or vertical, single-stage or multi-stage, and can handle various fluid types and temperatures. This versatility allows centrifugal pumps to be customised and optimised for specific applications, contributing to their widespread adoption in the European market. Furthermore, in Europe, the mixed flow pump is a growing segment. Mixed flow pumps offer a balance between axial flow and radial flow characteristics, resulting in high efficiency across a wide range of flow rates and heads. In applications where energy efficiency is a priority, such as water supply, irrigation, and HVAC systems, mixed flow pumps are favoured for their ability to deliver high performance with reduced energy consumption. Furthermore, infrastructure modernization projects, urbanisation, and population growth in Europe drive demand for pumps to support water supply, wastewater management, and flood control initiatives. Mixed-flow pumps play a crucial role in these projects, providing efficient and reliable pumping solutions for large-scale water transfer and drainage applications across Europe. Based on the positive displacement pump, it is segmented into reciprocating, rotary, and others. Furthermore, according to the report, the applications are segmented into agriculture, building and construction, waste and wastewater, power generation, oil and gas, chemicals, and others. In this region, reciprocating pumps significantly contribute to the market. Reciprocating pumps can be customised and adapted to meet specific application requirements, including varying flow rates, pressures, and fluid properties. Manufacturers in Europe offer a range of options and configurations for reciprocating pumps, allowing customers to tailor pump solutions to their unique needs and operating conditions. Reciprocating pumps comply with industry standards and regulations related to product safety, hygiene, and environmental protection. Manufacturers in Europe adhere to stringent quality and performance standards, ensuring that reciprocating pumps meet the requirements of diverse industries and applications, including those with strict regulatory requirements. Furthermore, agriculture significantly contributes to the market. In Europe, agriculture mostly depends on irrigation systems to provide sufficient water supply for crops, especially in areas that are prone to drought or have little rainfall. In order to transport water from reservoirs, rivers, lakes, wells, and other water sources to fields for crop irrigation, pumps are crucial parts of irrigation systems. Pumps for irrigation are becoming more and more in demand as farmers look to maximise production and water usage efficiency. Greenhouse cultivation is becoming increasingly popular in Europe, allowing farmers to extend the growing season, control environmental conditions, and maximise crop yields. Pumps are used in greenhouse systems for tasks such as irrigation, nutrient delivery, climate control, and humidity regulation. The expansion of greenhouse cultivation in Europe drives demand for pumps tailored to the specific needs of greenhouse operations.
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Pump Market Market Regional Insights
Based on the report, the major countries covered include Germany, the United Kingdom, France, Italy, Spain, Russia, and the rest of Europe. In Europe, Germany leads the pump market. Germany is well known for its inventiveness and superior engineering. German pump manufacturers have long been recognised for their dependable, effective, and high-performing pumps. German pump manufacturers are leading the European pump industry thanks to their strong engineering culture and experience. German pump manufacturers are known for their focus on technological innovation, research, and development. They invest heavily in developing advanced pump technologies, materials, and manufacturing processes to meet the evolving needs of customers and industries. This commitment to innovation drives the competitiveness and leadership of German pump manufacturers in the European market. German pump manufacturers have a strong international presence and a reputation for exporting high-quality pumps to global markets. The country's export-oriented economy and well-established trade networks enable German pump manufacturers to penetrate international markets and compete effectively on a global scale. Germany's leadership in the European pump market is reinforced by its strong export performance and global market share. Furthermore, Germany's central location within Europe provides logistical advantages for pump manufacturers, enabling efficient distribution and access to European markets. The country's well-developed transportation infrastructure, including road, rail, and waterway networks, facilitates the movement of goods and raw materials, supporting the competitiveness of German pump manufacturers in the European market.
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Companies Mentioned
- General Electric Company
- Xylem Inc. (Sensus)
- Ingersoll Rand
- velan holding co. ltd.
- Wärtsilä Oyj
- Imperial Metal Industries
- Grundfos
- Danfoss
- Sulzer Ltd
- Ebara Corporation
- IDEX Corporation
- KSB SE & Co. KGaA
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Pump Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Product Types
- 5.4. Market Size and Forecast, By Centrifugal Pump Types
- 5.5. Market Size and Forecast, By Positive Displacement Pump
- 5.6. Market Size and Forecast, By Application
- 6. Europe Pump Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Product Types
- 6.4. Market Size and Forecast, By Centrifugal Pump Types
- 6.5. Market Size and Forecast, By Positive Displacement Pump
- 6.6. Market Size and Forecast, By Application
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. Germany Pump Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Product Types
- 7.8.3. Market Size and Forecast By Application
- 7.9. United Kingdom Pump Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Product Types
- 7.9.3. Market Size and Forecast By Application
- 7.10. France Pump Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Product Types
- 7.10.3. Market Size and Forecast By Application
- 7.11. Italy Pump Market Outlook
- 7.11.1. Market Size By Value
- 7.11.2. Market Size and Forecast By Product Types
- 7.11.3. Market Size and Forecast By Application
- 7.12. Spain Pump Market Outlook
- 7.12.1. Market Size By Value
- 7.12.2. Market Size and Forecast By Product Types
- 7.12.3. Market Size and Forecast By Application
- 7.13. Russia Pump Market Outlook
- 7.13.1. Market Size By Value
- 7.13.2. Market Size and Forecast By Product Types
- 7.13.3. Market Size and Forecast By Application
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Ingersoll Rand Inc.
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. The Weir Group plc
- 8.5.3. Grundfos
- 8.5.4. Danfoss
- 8.5.5. Xylem Inc.
- 8.5.6. Flowserve Corporation
- 8.5.7. General Electric Company
- 8.5.8. Schlumberger NV
- 8.5.9. Sulzer Ltd
- 8.5.10. Ebara Corporatio
- 8.5.11. IDEX Corporation
- 8.5.12. KSB SE & Co. KGaA
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Pump Market Size and Forecast, By Product Types (2018 to 2029F) (In USD Billion)
Table 6: Global Pump Market Size and Forecast, By Centrifugal Pump Types (2018 to 2029F) (In USD Billion)
Table 7: Global Pump Market Size and Forecast, By Positive Displacement Pump (2018 to 2029F) (In USD Billion)
Table 8: Global Pump Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 9: Europe Pump Market Size and Forecast, By Product Types (2018 to 2029F) (In USD Billion)
Table 10: Europe Pump Market Size and Forecast, By Centrifugal Pump Types (2018 to 2029F) (In USD Billion)
Table 11: Europe Pump Market Size and Forecast, By Positive Displacement Pump (2018 to 2029F) (In USD Billion)
Table 12: Europe Pump Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 13: Influencing Factors for Pump Market, 2023
Table 14: Germany Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 15: Germany Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 16: United Kingdom Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 17: United Kingdom Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 18: France Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 19: France Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 20: Italy Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 21: Italy Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 22: Spain Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 23: Spain Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 24: Russia Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 25: Russia Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Pump Market Share By Region (2023)
Figure 6: Europe Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Europe Pump Market Share By Country (2023)
Figure 8: Germany Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: UK Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: France Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Italy Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Spain Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: Russia Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: Competitive Dashboard of top 5 players, 2023
Figure 15: Porter's Five Forces of Global Pump Market
Pump Market Market Research FAQs
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