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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Pumps Market Outlook
The Europe pumps market size was valued at USD 7.93 billion in 2023. The market is estimated to grow at a CAGR of 2.6% during 2024-2032 to reach a value of USD 10.00 billion by 2032.
Key Takeaways
- Europump, the European Association of Pump Manufacturers, represents over 450 companies with a total production worth over €10 billion and employing 100,000 people in the region.
- Europe has around 26,523 wastewater treatment plants that process wastewater from small industries that discharge into public sewers.
- As per industry reports, in 2022, 22.5% of energy consumed in the European Union was generated from renewable sources.
According to the Europe pumps market analysis, the collection and treatment of wastewater is crucial to reducing the risks to human health and the environment. Further, according to the European Environment Agency (EEA), the share of urban wastewater that is collected and treated as per the EU standards is rising across Europe. For instance, across the whole European Union, around 90% of urban wastewater is collected and treated under the EU Waste Water Treatment Directive. Pumps are a crucial component in water treatment facilities, playing a role in transporting water from the pretreatment stages to distribution.
As per the Europe pumps market report, the European Union is a crucial producer of chromium, copper, silver, zinc, and lead. The European mining sector adopts robust pumps that are suitable for deployment in the harshest mining environment. Mining processes require efficient pumps for either on-the-surface or underground mining operations. Mines require pumps for water supply to run their operations as well as for dewatering the mining sites to provide stable conditions for excavations and to avoid risking workers’ safety.
Renewable energy production and consumption is rapidly rising across the European Union supported by the government and rapid technological progress. Pumps play a crucial role in renewable systems to maintain system integrity and ensure efficient power generation.
Market Segmentation
Europe Pumps Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type:
- Centrifugal Pumps
- Positive Displacement Pumps
Market Breakup by End Use:
- Oil and Gas
- Water and Wastewater
- Chemicals and Petrochemicals
- Mining Industry
- Power Generation
- Others
Market Breakup by Country:
- Germany
- United Kingdom
- France
- Italy
- Others
Competitive Landscape
The key players in the pumps market in Europe are investing in research to develop advanced pumping technology to meet the demanding application of end-use markets.
- Ruhrpumpen, Inc.
- EDUR-Pumpenfabrik Eduard Redlien GmbH & Co. KG
- ANDRITZ AG
- The Weir Group PLC
- Dover Corporation
- Grundfos Holding A/S
- KSB Limited
- ZUWA-Zumpe GmbH
- Flowserve Corporation
- Ebara Corporation
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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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Key Questions Answered in the Report
In 2023, the pumps market attained a value of USD 7.93 billion.
The market is expected to grow at a CAGR of 2.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 10.00 billion by 2032.
Pumps contain a moving component that displaces air, reducing the pressure and producing a partial vacuum. This facilitates the movement of air or fluid into the area of low pressure.
Centrifugal pumps are designed for high-flow applications and are more efficient compared to pneumatically driven pumps.
The major drivers of the market include growing demand for renewable power, the cruciality of pumps in various industries, and rising mining activities.
Key trends aiding market expansion include an expanding demand for water treatment facilities, a demand for critical minerals, and the transition toward renewable power generation.
Major countries in the market are Germany, the United Kingdom, France, Italy, and others.
The common types of pumps are centrifugal pumps and positive displacement pumps.
Key players in the market are Ruhrpumpen, Inc., EDUR-Pumpenfabrik Eduard Redlien GmbH & Co. KG, ANDRITZ AG, The Weir Group PLC, Dover Corporation, Grundfos Holding A/S, KSB Limited, ZUWA-Zumpe GmbH, Flowserve Corporation, Ebara Corporation, and others.
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