Impeccable Rise of the Utilization of Different Types of Cutting-edge Pumps Across a Wide Number of Industry Verticals, Together with Promising Investment for Water and Wastewater Management in Developed Nations Are Estimated to Ensure the Market Growth During the Forecast Period 2022-2027

European Pumps Market size is forecasted to reach US$ 1,6973.99 Million by 2027, growing at a CAGR of 3.79% from 2022 to 2027. The European Pumps Industry is mainly driven by the significant adoption of Avant-grade pump technology across the diversified industry verticals, such as food processing, oil and gas, semiconductor, mining, automotive, medical & healthcare and many others. In addition, EU legislation for aiming environmental footprint initiative promotes varied innovation in pump applications and thus, propels the growth of the European Pumps market. In addition, the introduction of environmental footprint methods by EU legislation for the companies to make the right decision to enhance their environmental performance propels the pump market growth across Europe. The massive investment for renewable power generation solutions to meet high electricity demands across the region also adds promising opportunities for the European Pumps market to grow in the forecast period 2022-2027.

The dynamic pump has witnessed significant growth, owing to the surge in demand for deploying dynamic pumps in well-suited water or wastewater system operations, chemical processing, pumping crude oil and other extensive range of applications. According to the European Environment Agency (EEA), it was published in November 2021, the share of urban waste waters that are collected and treated in line with EU standards is massively growing in various parts of Europe. The data by EEA also highlighted that wastewater collection as well as associated treatments are advancing across Europe. Therefore, simplicity of design and wide-ranging diversity of Dynamic Pump are some of the prominent factors that set to drive the market growth.

 The rest of Europe dominated with the largest share of 23% in 2021, owing to the rise in demand for pumps for the vast number of applications across countries, including Luxembourg, Bulgaria, Belarus, Switzerland, Austria, Czechia, Hungary, Poland, Moldova, Romania, Russia and Slovakia. The prominence of agriculture, chemicals, pharmaceuticals, manufacturing and other industry verticals in the region adds further market opportunities for the European Pumps market to grow. In June 2022, Sulzer, a global leader in fluid engineering and the leading Switzerland-based pump manufacturer announced the business collaboration with Fulcrum BioEnergy, Inc., a pioneer in making low-carbon, low-cost, transportation fuels. The collaboration was formed to complete the construction of the world’s first commercial-scale production plant that will help to convert municipal solid waste (MSW) and household waste into renewable transportation fuels. The collaboration also promises to offer class-leading efficient pump technology with a high degree of customization solution to denote enable various processes, pertinent to the plant’s energy generation circuit. Such factors are further set to drive the market growth of the Pump market within Europe in the coming time.

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European Pumps Market Drivers

The growing investment in Wastewater treatment and other facilities set up for the sewage collecting system has positively impacted the market growth. Wastewater treatment is a process that is initiated in different ventures for the expulsion of contaminants from sewage or wastewater and to filter them for other purposes. The emergence of EU Legislation for more environmentally friendly products promotes advanced pump applications in water/wastewater operations. Thus, an increase in environmental consciousness across the region is one of the pertinent factors that fuel the demand for pumps. For instance, in October 2021, Alfa Laval signed the acquisition with the Norwegian system manufacturer LiftUP, a market leader in removing waste from fish farms to reduce their impact on the marine environment. The acquisition was developed to strengthen the business strategy of Alfa Laval pertinent to the aquaculture product portfolio with the support of LiftUP. The acquisition also helps to create an expanded and sustainable growth platform for the future, through the state-of-art pump technology and other fresh low-temperature water with high oxygen levels solution of the LiftUP system. This will help to boost the growth of the European Pumps Market.

The Major Players in this Market Include

Major players in the European Pumps Market include 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 and Xavitech Micropumps AB and among others. In May 2022, KSB Ltd, a pioneer in pumps and valve solutions announced the launch of AQUA Series Pumps. The Aqua series is available in the range of 0.5 HP - 1.5 H, with flow rates up to 4,400 LPH and heads up to 66 meters, along with high operating efficiency.