Europe Pumps Market- By Type , Radial Flow, Others, Special Effect Pump , Positive Displacement Pump , By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: AIR 0483 Report Format: PDF + Excel

Europe Pumps Market Overview:

This industrial growth will be a boon to the Europe Pumps Market which had a value of around $ 24.67 billion in 2030, according to IndustryARC’s market analyst. Furthermore, the analyst estimates the pump market demand to grow with a moderate CAGR of around 4.1% during the forecast period of 2024 to 2030. A pump is a device that is used to move liquids and gases, and they are classified as direct life, positive displacement pumps, impulse pumps, and others. Some pumps are submerged in the fluid while others are placed external to the fluid. Pumps play a major role in various industries for water supply and fluid flow operations. In the automotive industry, they are used for water cooling and fuel injection. The pump market is witnessing notable trends driven by technological advancements and sustainability initiatives. There's a growing demand for energy-efficient pumps as industries and municipalities seek to reduce operational costs and carbon footprints. Smart pump systems equipped with sensors and automation are gaining traction, enabling remote monitoring and predictive maintenance, thus enhancing operational efficiency. Additionally, the water and wastewater treatment sector are a significant driver, propelled by urbanization and stringent regulations on water quality. With the rise of digitalization, the pump market is also experiencing a shift towards integrated solutions and services, offering comprehensive support to customers. Moreover, emerging economies are witnessing increased investments in infrastructure, further fueling the demand for pumps across various applications, from agriculture to oil & gas. Overall, sustainability, efficiency, and digitization are key themes shaping the Europe Pumps Market landscape.

Market Snapshot :

Europe Pumps Market

Report Coverage

The report: “Europe Pumps Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Pumps Industry.
By Type: Centrifugal Pumps, Positive Displacement Pumps
By Classification: Axial Flow Pump, Semi Axial Flow Pump, Double Suction Volute Pump, Single Suction Volute Pump, Multi Stage Turbine Pump
By Pump Type: Residential Pumps, Agricultural Pumps, Special Purpose Pumps, Solar Pumps
By Application: Water Supply, Agriculture, Sewer System, Drainage, Power Station, Oil and Gas
By Geography: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark, Russia, Poland, Turkey and Others

Key Takeaways

  • Germany held the largest share of the Europe Pumps Market in 2023 up to 24%, driven by rapid industrialization, urbanization, and escalating demand for fluid handling and safe drinking water.
  • The rise in reconstruction and renovation operations across the European construction sector boost the demand for pumps, in reference to dewatering and pressure boosting application.
  • Dynamic pump held the largest share of 57% in 2023 and is analyzed to witness significant growth during the forecast period 2024-2030, owing to the growing demand for dynamic pumps for an extensive range of applications, including chemical processing and pumping crude oil in Europe.

Europe Pumps Market

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By Type – Segment Analysis

The Centrifugal Pumps, segment held the largest share of the Europe Pumps Market in 2023. Centrifugal pumps reign supreme in the pump market due to their versatile capabilities, cost-effectiveness, simple design, and energy efficiency. Its ability to handle a wide range of flow rates and pressures makes them indispensable across industries such as oil & gas, chemical, and food & beverage, as well as municipal sectors like water and wastewater treatment. Additionally, their affordability and straightforward maintenance make them an attractive choice for various applications, including agriculture for tasks like irrigation and drainage. Moreover, continuous advancements in technology have enhanced their energy efficiency, aligning with the growing emphasis on sustainability in today's business landscape. Overall, centrifugal pumps' dominance underscores their vital role in powering diverse industrial and municipal processes efficiently.

By End User – Segment Analysis

The agriculture segment in end users holds the largest share of the Europe Pumps Market in 2023. Pumps play a crucial role in modern agriculture by ensuring efficient and timely water supply for irrigation. This is especially critical in regions with limited rainfall or where water scarcity is a concern. Different types of pumps, like centrifugal and submersible, are used to extract water from various sources like wells, rivers, and reservoirs, and distribute it across fields. Furthermore, many governments, particularly in developing countries, are actively promoting agricultural development through various initiatives. This includes subsidizing irrigation infrastructure and equipment, including pumps, which further stimulates the market.

By Geography – Segment Analysis

Germany held the largest share of the Europe Pumps Market in 2023 up to 24%, driven by rapid industrialization, urbanization, and escalating demand for fluid handling and safe drinking water. The countries included in the Rest of Europe are Switzerland, Austria, Luxembourg, Bulgaria, Belarus, Czechia, Hungary, Moldova, Romania and Slovakia. This is attributed to factors like the increase in demand for pumps for the vast number of applications in some of the prominent industries in Switzerland, such as chemicals, agriculture, pharmaceuticals and manufacturing; and is considered to be the important factors for the market growth in this region. Moreover, Switzerland provides an enormous opportunity in the pharmaceutical industry and thus creating incredible opportunities for using breakthrough pump technology for processing purposes in this region. The growing use of diversified types of Pumps in the construction of buildings and production facilities, sewer, penile prosthesis and underground projects adds further growth to the market. In June 2022, Sulzer, the leading Switzerland-based pump manufacturer collaborated with Fulcrum BioEnergy, Inc. to complete the construction of the world’s first commercial-scale production plant that will convert household waste and municipal solid waste (MSW), or into renewable transportation fuels. The business collaboration also provides class-leading efficiency, as well as a high degree of customization, pumps to enable boiler feed, condensate extraction and other process pump central to the plant’s energy generation circuit. Hence, the significant use of pumps to achieve optimal processing application are some of the factors which are set to boost its market demand in Europe.

Europe Pumps Market Growth Drivers:

An increase in the amount of reconstruction and renovation projects in the sector is projected to drive European Pump Market growth

The rise in reconstruction and renovation operations across the European construction sector boosts the demand for pumps, in reference to dewatering and pressure-boosting applications. There are various industrial ecosystems, such as the construction industry are aiming in the context of green and digital transition across Europe. The energy consumers in the EU accounted for 36% of GHG emissions and thus, the EU considers renovation and is prioritizing investments in green, digital and balanced recovery. Therefore, the use of cutting-edge, digital technologies to make it easier to fulfill Europe's climate objectives are set to drive the market forward in the coming years.

Growing adoption of advanced farming practices such as vertical farming is set to drive the market growth

The growing adoption of modern farming practices such as hydroponics and vertical farming and the increasing demand for organic food encourage several new opportunities for water pumps in Europe. The advanced pumps are highly used across high-tech horticulture, fuel injection and vertical farming and aids in the distribution of nutrient-rich water to plants in the vertical hydroponic farming system. Therefore, the growing use of intelligent pump systems for application in farming and irrigation is set to fuel market growth in the long run.

Zero Liquid Discharge Regulation in the Industrial Sector 

Owing to the environmental concerns due to the liquid discharge from chemical, pharmaceutical, and other industries, there is a regulation that makes it imperative for these industries to inculcate the zero liquid discharge plant in them. This entails a water treatment process in which all the water is either purified and recycled or evaporated into the atmosphere, thereby leaving zero discharge at the end of the treatment cycle. These plants utilize a wide range of pumps from centrifugal to displacement ones, which significantly support the Europe Pumps Market.

Europe Pumps Market Challenges:

Fluctuating Raw Material Prices:

Fluctuating raw material prices, such as steel, copper, and plastics, pose a substantial challenge for manufacturers. These fluctuations can lead to unpredictable shifts in production costs, directly impacting profitability. Manufacturers often find themselves navigating a volatile landscape, where sudden price spikes or drops in raw material costs can disrupt budgeting and strategic planning. Strategies to mitigate these risks include hedging contracts, diversifying suppliers, and implementing flexible pricing models. However, the dynamic nature of raw material markets requires constant monitoring and adaptation. Successfully managing these fluctuations is crucial for maintaining competitiveness and financial stability in the manufacturing sector.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies players adopt in the Europe Pumps Market. Major players in the Europe Pumps Market are 
Grundfos Holding A/S

  • Wilo SE
  • Sulzer Ltd.
  • Alfa Laval AB
  • Grindex AB
  • KSB SE & Co. KGaA
  • SPT Pumpen
  • VANSAN Makina San. Tic. A.S.
  • Flowserve Corporation
  • Xavitech Micropumps AB

Recent Developments:

  • In September 2022, Sulzer unveiled five new dewatering pump models tailored for drainage and sludge tasks, enhancing efficiency in mining and civil engineering projects. These additions to their lineup ensure seamless water removal, vital for project continuity, underscoring Sulzer's commitment to innovation and industry support.
  • In March 2022, Alfa Laval introduced the AC65 brazed plate heat exchanger, engineered for residential heat pump applications. Unveiled at their inaugural online net-zero launch event, it epitomizes innovation in energy efficiency and circular economy solutions. Crafted in Italy, the AC65 meets the burgeoning demand for advanced heat exchangers in the high-volume heat pump sector.
  • In June 2023, Xylem introduced its latest innovation, the Godwin high-pressure dewatering pump, designed to enhance efficiency and reduce costs for construction and mining operations. With a focus on minimizing downtime, this technology promises increased productivity and reliability, catering to the needs of demanding industries.

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  1.    Europe Pumps Market - Overview
      1.1     Definitions and Scope
  2.    Europe Pumps Market - Executive Summary
      2.1    Key Trends by Type
      2.2    Key Trends by Classification
      2.3    Key Trends by Pump Type
      2.4    Key Trends by Application
      2.5    Key Trends by Geography
  3.    Europe Pumps Market - Comparative Analysis
      3.1    Company Benchmarking 
      3.2    Global Financial Analysis
      3.3    Market Share Analysis
      3.4    Patent Analysis
      3.5    Pricing Analysis
  4.    Europe Pumps Market - Start-up Companies Scenario
      4.1     Key Start-up Company Analysis by
            4.1.1    Investment
            4.1.2    Revenue
            4.1.3    Venture Capital and Funding Scenario
  5.    Europe Pumps Market – Market Entry Scenario Premium
      5.1    Regulatory Framework Overview
      5.2    New Business and Ease of Doing Business Index
      5.3    Case Studies of Successful Ventures
  6.    Europe Pumps Market - Forces
      6.1    Market Drivers
      6.2    Market Constraints/Challenges
      6.3    Porter’s Five Force Model
            6.3.1    Bargaining power of suppliers
            6.3.2    Bargaining powers of customers
            6.3.3    Threat of new entrants
            6.3.4    Rivalry among existing players
            6.3.5    Threat of substitutes 
  7.    Europe Pumps Market – Strategic Analysis
      7.1     Value Chain Analysis
      7.2     Opportunities Analysis
      7.3     Market Life Cycle
  8.    Europe Pumps Market– By Type (Market Size -$Million/Billion) 
      8.1    Centrifugal Pumps
      8.2     Positive Displacement Pumps
  9.    Europe Pumps Market– By Classification (Market Size -$Million/Billion) 
      9.1    Axial Flow Pump
            9.1.1    Vertical Shaft Axial Flow Pump
            9.1.2    Horizontal Shaft Axial Flow Pump
            9.1.3    Sea Water/ Brine Injection Pump
      9.2    Semi Axial Flow Pump
            9.2.1    Vertical Shaft Semi-Axial Flow Pump
            9.2.2    Horizontal Shaft Semi-Axial Flow Pump
      9.3    Double Suction Volute Pump
            9.3.1    Horizontal Double Suction Volute Pump
      9.4    Single Suction Volute Pump
            9.4.1    Vertical Overhang Volute Pump
      9.5    Multi-Stage Turbine Pump
  10.    Europe Pumps Market – By Pump Type (Market Size -$Million/Billion)
      10.1    Residential Pumps
            10.1.1    Self-Priming Mini Pumps
            10.1.2    Shallow well jet pumps
            10.1.3    Jet Pumps
            10.1.4    Heavy Duty self-Priming Pumps
            10.1.5    Open well Submersible Pumps
            10.1.6    Compressor Pumps
            10.1.7    Borewell Submersibles
            10.1.8    Single Pump Booster
      10.2    Agricultural Pumps
            10.2.1    Open well Submersible Pump
            10.2.2    Borewell Submersible Pump
            10.2.3    Centrifugal Monoset Pumps
      10.3    Special Purpose Pumps
            10.3.1    Sewage Pumps
            10.3.2    Swimming Pool Pumps
            10.3.3    Multistage Pumps
            10.3.4    Garden Pumps
            10.3.5    Pressure Washing Pump
            10.3.6    Circulating Pump
            10.3.7    Hydro-Pneumatic System
      10.4    Solar Pumps
            10.4.1    Solar Submersible pumps
            10.4.2    Solar Monobloc Pump
      10.5    Others
  11.    Europe Pumps Market – By Application (Market Size -$Million/Billion)
      11.1    Water Supply
      11.2    Agriculture
      11.3    Sewer System
      11.4    Drainage
      11.5    Power Station
      11.6    Oil and Gas
      11.7    Others
  12.    Europe Pumps Market – By Geography (Market Size - $Million/$Billion)
      12.1    Germany
      12.2    France
      12.3    UK
      12.4    Italy
      12.5    Spain
      12.6    Russia
      12.7    Netherlands
      12.8    Belgium
      12.9    Poland
      12.10    Turkey
      12.11    Denmark
      12.12    Others
  13.    Europe Pumps Market - Entropy
  14.    Europe Pumps Market – Industry/Segment Competition Landscape
      14.1    Market Share Analysis
            14.1.1    Europe Market Share – Key Companies
            14.1.2    Market Share by Countries – Key Companies
      14.2    Competition Matrix
      14.3    Best Practices for Companies
  15.    Europe Pumps Market – Key Company List by Country Premium
  16.    Europe Pumps Market- Company Analysis
      16.1    Grundfos Holding A/S
      16.2    Wilo SE
      16.3    Sulzer Ltd.
      16.4    Alfa Laval AB
      16.5    Grindex AB
      16.6    KSB SE & Co. KGaA
      16.7    SPT Pumpen
      16.8    VANSAN Makina San. Tic. A.S.
      16.9    Flowserve Corporation
      16.10    Xavitech Micropumps AB 
  * "Financials would be provided to private companies on best-efforts basis."