Europe Centrifugal Pump Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2024-2032)

Europe Centrifugal Pump Market Growth

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.

Key Trends and Developments

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

February 2024

DESMI launched mag-drive centrifugal pumps, adding a magnetic coupling to its centrifugal pump range. The pump is intended for use in methanol fuel systems on new-build dual-fuel ships.

December 2022

EBARA Pumps Europe launched the In-line pump model 3E/3ES, a single and vertical centrifugal pump. The pump offers ease of installation in the piping layout and boasts a suction/discharge size of 32-100mm.

November 2021

Sulzer announced the launch of the MCE93-400, the world’s biggest medium consistency centrifugal pump, manufactured in Kotka, Finland. The pump operates very efficiently, hence saving energy, water, and chemical costs in the paper and pulp mill processes.

August 2021

Sweden-based Atlas Copco acquired Canada-based CPC Pumps International Inc. to enhance its market presence and complement its portfolio of pumps in the oil and gas sector.

Rapid Industrial Growth and Development

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.

Applications of Centrifugal Pumps in the Oil and Gas Sector

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.

Technological Advancements

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.

Application in the Renewable Sector

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.

Europe Centrifugal Pump Market Trends

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 Industry Segmentation

Europe Centrifugal Pump Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Overhung Impeller
• Vertically Suspended
• Between Bearing

Market Breakup by Flow Type

• Axial Flow Pump
• Radial Flow Pump
• Mixed Flow Pump

Market Breakup by Stage

• Single Stage Pump
• Multi-Stage Pump

Market Breakup by Operation Type

• Hydraulic
• Electric
• Air-Driven

Market Breakup by End Use

• Oil and Gas
• Chemicals
• Construction and Building
• Power Generation
• Water and Wastewater
• Agriculture
• Others

Market Breakup by Country

• United Kingdom
• Germany
• France
• Italy
• Others

Europe Centrifugal Pump Market Share

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 2024-2032. 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.

Leading Companies in the Europe Centrifugal Pump Market

Major players are focusing on the adoption of technological innovations to gain a competitive edge in the market.

• 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.
• EDUR-Pumpenfabrik Eduard Redlien GmbH & Co. KG
• Others

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.