The Europe Centrifugal Pump Market should witness market growth of 5.1% CAGR during the forecast period (2023-2030).
Growth is being aided by several technological developments, including the use of modeling tools and the invention of 3D-printed impellers. These improvements help increase output pressure and flow rate while improving pump performance and lowering production costs. Additional reasons, such as increasing demand for energy-efficient pumps and greater expenditures on desalination in industrial facilities, are anticipated to boost the market revenue even more.
Additionally, the industry is moving in the direction of utilizing the Internet of Things, which will allow pump operators to remotely flow rate, monitor velocity, and other factors. For reporting, runtime, and the full presentation of operational data, intelligent assistant technologies are being created. All pump parameters, particularly speed, rate of flow, and dispensing volume, will be under real-time control owing to the technology. For operational circumstances and error messages, push notifications will send alerts.
The demand is increasing in Europe, owing to considerable expenditure in the oil and gas sector, technological developments in the construction industry, and an increase in the usage of water in mining activities. For example, construction is underway on the 55-kilometer-long Brenner Base Tunnel, the German-Austrian rail route's extension expected to be completed in 2028. Germany led all EU Member States in net energy generation in 2021, contributing 20.1% of the EU's overall output, just ahead of France (19.1%). Similarly, the Pharmaceutical Strategy for Europe, adopted on November 25, 2020, aimed to build a future-proof regulatory framework and assist the industry with advancing research and technologies that help patients meet their therapeutic requirements. With the expansion of the region's industries, the requirement for centrifugal pumps is bound to increase in the coming years.
The Germany market dominated the Europe Centrifugal Pump Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,385.3 million by 2030. The UK market is exhibiting a CAGR of 4.2% during (2023-2030). Additionally, The France market would showcase a CAGR of 5.8% during (2023-2030).
Based on Stage, the market is segmented into Single Stage and Multi Stage. Based on Type, the market is segmented into Overhung Impeller, Between Bearing and Vertically Suspended. Based on Operation Type, the market is segmented into Electrical, Hydraulic, and Air-driven. Based on End-user, the market is segmented into Industrial (Water & Wastewater, Mining & Metal, Oil & Gas, Agriculture, Power Generation, Pharmaceuticals, Pulp & Paper, Chemicals and Others) and Commercial & Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Flowserve Corporation, KSB SE & Co. KGaA, Xylem, Inc., Ebara Corporation, Baker Hughes Company, Kirloskar Brothers Limited (Kirloskar Group), The Weir Group PLC, Pentair PLC, Schlumberger N.V. and Alfa Laval AB.
Growth is being aided by several technological developments, including the use of modeling tools and the invention of 3D-printed impellers. These improvements help increase output pressure and flow rate while improving pump performance and lowering production costs. Additional reasons, such as increasing demand for energy-efficient pumps and greater expenditures on desalination in industrial facilities, are anticipated to boost the market revenue even more.
Additionally, the industry is moving in the direction of utilizing the Internet of Things, which will allow pump operators to remotely flow rate, monitor velocity, and other factors. For reporting, runtime, and the full presentation of operational data, intelligent assistant technologies are being created. All pump parameters, particularly speed, rate of flow, and dispensing volume, will be under real-time control owing to the technology. For operational circumstances and error messages, push notifications will send alerts.
The demand is increasing in Europe, owing to considerable expenditure in the oil and gas sector, technological developments in the construction industry, and an increase in the usage of water in mining activities. For example, construction is underway on the 55-kilometer-long Brenner Base Tunnel, the German-Austrian rail route's extension expected to be completed in 2028. Germany led all EU Member States in net energy generation in 2021, contributing 20.1% of the EU's overall output, just ahead of France (19.1%). Similarly, the Pharmaceutical Strategy for Europe, adopted on November 25, 2020, aimed to build a future-proof regulatory framework and assist the industry with advancing research and technologies that help patients meet their therapeutic requirements. With the expansion of the region's industries, the requirement for centrifugal pumps is bound to increase in the coming years.
The Germany market dominated the Europe Centrifugal Pump Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,385.3 million by 2030. The UK market is exhibiting a CAGR of 4.2% during (2023-2030). Additionally, The France market would showcase a CAGR of 5.8% during (2023-2030).
Based on Stage, the market is segmented into Single Stage and Multi Stage. Based on Type, the market is segmented into Overhung Impeller, Between Bearing and Vertically Suspended. Based on Operation Type, the market is segmented into Electrical, Hydraulic, and Air-driven. Based on End-user, the market is segmented into Industrial (Water & Wastewater, Mining & Metal, Oil & Gas, Agriculture, Power Generation, Pharmaceuticals, Pulp & Paper, Chemicals and Others) and Commercial & Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Flowserve Corporation, KSB SE & Co. KGaA, Xylem, Inc., Ebara Corporation, Baker Hughes Company, Kirloskar Brothers Limited (Kirloskar Group), The Weir Group PLC, Pentair PLC, Schlumberger N.V. and Alfa Laval AB.
Scope of the Study
By Stage
- Single Stage
- Multi Stage
By Type
- Overhung Impeller
- Between Bearing
- Vertically Suspended
By Operation Type
- Electrical
- Hydraulic
- Air-driven
By End-user
- Industrial
- Water & Wastewater
- Mining & Metal
- Oil & Gas
- Agriculture
- Power Generation
- Pharmaceuticals
- Pulp & Paper
- Chemicals
- Others
- Commercial & Residential
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Flowserve Corporation
- KSB SE & Co. KGaA
- Xylem, Inc.
- Ebara Corporation
- Baker Hughes Company
- Kirloskar Brothers Limited (Kirloskar Group)
- The Weir Group PLC
- Pentair PLC
- Schlumberger N.V.
- Alfa Laval AB
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. Europe Centrifugal Pump Market by Stage
Chapter 5. Europe Centrifugal Pump Market by Type
Chapter 6. Europe Centrifugal Pump Market by Operation Type
Chapter 7. Europe Centrifugal Pump Market by End User
Chapter 8. Europe Centrifugal Pump Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Flowserve Corporation
- KSB SE & Co. KGaA
- Xylem, Inc.
- Ebara Corporation
- Baker Hughes Company
- Kirloskar Brothers Limited (Kirloskar Group)
- The Weir Group PLC
- Pentair PLC
- Schlumberger N.V.
- Alfa Laval AB
Methodology
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