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The Europe centrifugal pumps market reached around USD 8.96 Billion in 2024. The market is projected to grow at a CAGR of 4.20% between 2025 and 2034 to reach nearly USD 13.52 Billion by 2034.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2025-2034
Europe Centrifugal Pump Market Outlook
*this image is indicative*
Europe Centrifugal Pump Market Report Summary | Description | Value |
Base Year | USD Billion | 2024 |
Historical Period | USD Billion | 2018-2024 |
Forecast Period | USD Billion | 2025-2034 |
Market Size 2024 | USD Billion | 8.96 |
Market Size 2034 | USD Billion | 13.52 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 4.20% |
CAGR 2025-2034 - Market by Country | Germany | 5.0% |
CAGR 2025-2034 - Market by Application | Water and Wastewater | 4.7% |
CAGR 2025-2034 - Market by Operation Type | Electric | 4.6% |
In 2023, the construction production volumes within the European Union saw a modest increase of 0.1%. This slight uptick can be largely attributed to a robust performance in the first quarter of the year. The construction sector, particularly in the realm of infrastructure, has shown a consistent upward trajectory, with infrastructure volumes recording notable increases of 2.4% in 2022 and an even more impressive 3.2% in 2023. This steady growth in infrastructure development has played a significant role in bolstering the overall construction volumes across the EU. Centrifugal pumps have become essential instruments for construction endeavours of all scales, from small residential projects to large infrastructure developments. Their role in ensuring smooth operations and facilitating the movement of materials underscores their importance in the construction sector, making them a critical asset for contractors and project managers alike.
In 2021, Europe possessed an agricultural land area totalling 460 million hectares. Approximately 10% of this cropland, equating to 27 million hectares, was equipped for irrigation. Centrifugal pumps play a vital role in contemporary irrigation systems, facilitating the efficient use of water and boosting agricultural productivity. Their capacity to provide water in a reliable and effective manner renders them essential for farmers seeking to increase crop yields while conserving water resources.
Rapid industrial growth and development, applications of centrifugal pumps in the oil and gas sector, technological advancements, and the robustly growing renewable energy sector are major trends impacting the Europe centrifugal pump market expansion.
The demand for centrifugal pumps is significantly influenced by economic growth and industrial investments across multiple sectors. Increased funding in infrastructure, manufacturing, and energy initiatives propels market expansion. Additionally, the growth of the manufacturing sector in Europe enhances the need for centrifugal pumps utilised in diverse applications, including fluid management, cooling systems, and chemical processing.
Investments and projects within the energy sector play a significant role in driving the demand for these pumps. Additionally, the oil and gas sector employs centrifugal pumps for a range of purposes, such as the transportation of crude oil, refined products, and chemicals.
Advancements in pump technology, characterised by enhancements in efficiency, reliability, and overall performance, are propelling the acceptance of innovative centrifugal pump models. Additionally, there is a notable demand for energy-efficient pumps that contribute to lower operational expenses.
The expansion of renewable energy initiatives, particularly in the realms of hydroelectric and geothermal energy, is significantly contributing to a heightened demand for centrifugal pumps that are essential in these sectors. As countries and organisations strive to transition from fossil fuels to more sustainable energy sources, the development and implementation of hydroelectric power plants and geothermal energy systems have become increasingly prominent.
The growing infrastructure development and urbanisation are contributing to a rising demand for centrifugal pipes. Additionally, heightened investments in water and wastewater treatment facilities are propelling the need for centrifugal pumps, which play a crucial role in the transportation of water and the management of wastewater within treatment plants.
Moreover, as the global focus on sustainability intensifies, investments in renewable energy infrastructure are expected to grow, leading to an increased need for efficient and reliable pumping solutions. This trend not only supports the growth of the centrifugal pump market but also aligns with broader environmental goals aimed at reducing carbon emissions and promoting cleaner energy sources. Consequently, manufacturers and suppliers of centrifugal pumps are witnessing a surge in demand as they cater to the evolving needs of the renewable energy sector, ultimately contributing to a more sustainable future.
Europe Centrifugal Pump Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Market Breakup by Flow Type:
Market Breakup by Stage:
Market Breakup by Operation Type:
Market Breakup by End Use:
Market Breakup by Country:
CAGR 2025-2034 - Market by | Operation Type |
Electric | 4.6% |
Hydraulic | XX% |
Air-Driven | XX% |
CAGR 2025-2034 - Market by | Application |
Water and Wastewater | 4.7% |
Chemicals | 4.4% |
Oil and Gas | XX% |
Construction | XX% |
Power | XX% |
Others | XX% |
CAGR 2025-2034 - Market by | Country |
Germany | 5.0% |
United Kingdom | 4.3% |
France | XX% |
Italy | XX% |
Others | XX% |
Based on the end use, the market is segmented into oil and gas, chemicals, construction and building, power generation, water and wastewater, and agriculture, among others. The oil and gas sector is projected to grow at a CAGR of 4.5% during the forecast period of 2025-2034. The high flow rate of centrifugal pumps and their ability to handle a wide range of viscosities are boosting their applications in the oil and gas sector.
Major players are focusing on the adoption of technological innovations to gain a competitive edge in the market.
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market attained a value of nearly USD 8.96 Billion.
The market is assessed to grow at a CAGR of 4.20% between 2025 and 2034.
The market is estimated to reach around USD 13.52 Billion by 2034.
The market is being driven by rising infrastructural developments in the region and the thriving chemical sector.
The key trends aiding the market expansion include rising technological innovations and the wide use of centrifugal pumps in irrigation practices.
The different types of centrifugal pipes in the market are overhung impeller, vertically suspended, and between bearing.
The major countries considered in the market are United Kingdom, Germany, France, and Italy, among others.
The major players in the market are Dover Corp., Baker Hughes Company, Ebara Corp., Corporación EG (Ruhrpumpen, Inc.), Flowserve Corp., Xylem Inc., Sulzer AG, Weir Group Plc, KSB SE & Co. KGaA, Schlumberger N.V., and EDUR-Pumpenfabrik Eduard Redlien GmbH & Co. KG, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment
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Breakup by Type |
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Breakup by Flow Type |
|
Breakup by Stage |
|
Breakup by Operation Type |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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