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European Pump Market Overview
European Pump Market size is forecasted to reach US$ 16973.99 Million by 2027, growing at a CAGR of 3.79% from 2022 to 2027. Pumps are considered an enabling technology, which is extensively used to force a fluid (a liquid or a gas) to move forward inside a hose or pipeline. The European Pump Industry has witnessed stupendous growth owing to the increasing demand for energy savings, together with far-reaching environmental challenges to mitigate CO2 emissions. In particular, centrifugal pumps are widely deployed for hydrocarbon processing, aquarium filtering, water injection, refineries, penile prosthesis and several other pipeline services. Presently, various industry verticals, including oil and gas, food processing, semiconductor, automotive, medical & healthcare, fuel injection and others are adopting advanced pumps, which propel the sales of energy-efficient pump variants across Europe. During the last few years, promising investments for renewable power generation and high electricity demands fuel the growth of the European Pump Market. In addition, EU legislation for aiming environmental footprint initiative promotes varied innovation in pump applications and thus, propels the growth of the European Pump Market.
European Pump Market Report Coverage
The “European Pump Market
Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis
of the following segments in the European Pump Industry Outlook.
Key Takeaways
- Dynamic pump
held
the largest share of 57% in 2021 and is analyzed to witness significant
growth during the forecast period 2022-2027, owing to the growing demand for
dynamic pumps for an extensive range of applications, including chemical
processing and pumping crude oil in Europe.
- The Rest of Europe dominated the
European Pump Market with a share of 23% in 2021 and is
analyzed to witness significant growth during the forecast period 2022-2027,
owing to the increase in demand for
pumps in some of the prominent industries in Switzerland, such as chemicals,
agriculture, manufacturing and among others.
- 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.
European Pump Market Segment Analysis – by Type
Dynamic pump held the largest share of 57% in 2021 and is analyzed to witness significant growth during the forecast period 2022-2027. Factors such as the growing demand for dynamic pumps for an extensive range of applications, including chemical processing and pumping crude oil across the chemical industry and various other production processes are considered to be pertinent factors to accelerate the growth of the dynamic pump market in Europe. Positive Displacement Pump is analyzed to witness the highest growth with a CAGR of 4.26% during 2022-2027. The rise in the need for wastewater treatment from the chemical, refining, aquarium filtering as well as pharmaceutical industries is the main factor driving the growth of the Positive displacement pump across the European Pump Market. According to the European Environment Agency (EEA) published data in November 2021, it was highlighted that the share of urban waste waters that are collected and treated in line with EU standards is increasing across Europe. The data also showed that wastewater collection and treatment are improving across Europe. These factors are set to drive the European Pump Market share forward in the coming years.
European Pump Market Segment Analysis – by Geography
The Rest of Europe dominated the European Pump Market with a share of 23% in 2021 and is analyzed to witness significant growth during the forecast period 2022-2027. The countries included in the Rest of Europe are Switzerland, Austria, Luxembourg, Bulgaria, Belarus, Czechia, Hungary, Poland, Moldova, Romania, Russia 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.
European Pump Market 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. In December 2021, Sulzer launched an IEC motor-compatible CPE process pump and provided an IEC (International Electrotechnical Commission) motor-compatible range of the pump. The launch of the energy-efficient CPE ANSI (American National Standards Institute) centrifugal pump range by Sulzer is developed specifically for industrial applications, including clean or slightly contaminated liquids, fibrous slurries and viscous liquids. 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. In October 2021, Hydreco, the company of the Duplomatic Group participated in the International Agricultural and Gardening Machinery Exhibition, scheduled in Bologna, Italy. The company presented a new range of external gear pumps and other integrated solutions for motion control for applications, such as construction machinery, earth-moving machinery, agricultural, forestry and municipal machinery. Based on the promising market opportunities across Germany, the Duplomatic Group had another potential acquisition in December 2021. In order to strengthen the global presence and expand the range of motion control solutions, Duplomatic acquired Till Hydraulik, the US$ 30 million turnover company. Therefore, the growing use of intelligent pump systems for application in farming and irrigation is set to fuel market growth in the long run.
European Pump Market Challenges
Prevalent market competition across the globe, along with the volatility in the oil and gas industries are impeding the market growth:
Globalization acts as a double-edged sword for the international market as it motivates domestic suppliers to access overseas markets and creates tough foreign-based competition. Some prominent pump suppliers in the U.S. have responded regarding the complex market condition in the recent decade. Hence, these suppliers have revised their product prices, pertinent to lean manufacturing strategies and have managed to reduce costs for continuous business growth. Simultaneously, the volatile market condition of the Oil and gas sector has impacted the pump market, negatively. In fact, lower demand for metals, coal and minerals has also hindered the demand for slurry and dewatering pumps. Such noted factors have been creating an adverse impact on its market growth.
European Pump Industry Outlook
Product launches, acquisitions and R&D activities are key
strategies adopted by players in the European
Pumps Market Report. The top 10 companies in the European Pump Industry 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 June 2022, Sulzer announced the business collaboration with Shell to supply pumps for its major new biofuel facility under construction in Rotterdam, the Netherlands. The collaboration was formed to provide Sulzer’s pumps to support critical processes at the facility, including providing boiler feedwater to operate the steam turbine generator.
- In May 2022, Wilo, the leading European manufacturer of pumps and pump systems launched intelligent solutions for water management. Wilo, the world's leading premium supplier of pumps and experts in water, sewage, waste and raw materials management unveiled the latest water management solution at the world’s leading trade fair IFAT in Munich.
- In December 2021, Grundfos Holding A/S, the pioneer of pump technology announced the launch of the largest CR pump. The largest vertical multistage inline pump till date is designed to be used predominantly for water supply, water treatment and almost all industrial solutions, which requires hot, dangerous, high-pressure, flammable and aggressive liquids.
Relevant Reports:
Report Code: CMR 59785
Report Code: AIR 0278
Report Code: AIR 0254
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