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Europe Mechanical Pump Industry Growth, Size, Share, Revenue, Cost Structure, Key Manufacturers, Segments and Forecast to 2028

08-16-2022 02:21 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Business Market Insights

Europe Mechanical Pump Market

Europe Mechanical Pump Market

The mechanical pump market in Europe is expected to grow from US$ 11,758.91 million in 2021 to US$ 16,712.82 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.

Mechanical pumps are used in a variety of applications, including dewatering and sewage, pond filtering and aeration, and well water extraction. Germany is set to dominate the mechanical pump market in Europe owing to the presence of multiple semiconductors and fine chemical manufacturers in the country. Atlas Copco, Grundfos, and Sulzer are among the high-quality pump manufacturers in Europe. However, European-made goods are typically more expensive than those on the worldwide market; hence, end users in this region also import pumps from rival manufacturers in the US, Japan, and China at lower prices. Modern farming technologies such as hydroponics and vertical farming are gaining traction in Europe, presenting considerable prospects for mechanical pump manufacturers.

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The surge in mining activities; minerals extracted from mines are widely used across industries such as chemicals and petrochemicals, power generation, healthcare and pharmaceuticals, manufacturing, and construction. Currently, iron ore, coal, gold, aluminum, and copper are the most mined minerals. Moreover, the cumulative revenue of Top 40 mining companies increased steadily during 2016-2019. However, in 2020, a fall in revenue was witnessed owing to the COVID-19 containment measures imposed across the region. In mining industries, an enormous volume of water is required in the transportation of ore and waste in slurries, mineral separation using chemical processes, suppression of dust during mineral processing, cooling systems around power generators, and dewatering of mines, among others, and mechanical pump play a vital role in these applications. Moreover, the demand for minerals is rising sustainably with the growing rate of urbanization and industrialization, as well as increasing demand for energy, which is propelling the adoption of a mechanical pump.

Some Of The Companies Competing In The Europe Mechanical Pump Market Are Ebara Corporation, Grundfos Holding A/S, Kirloskar Brothers Limited, Ksb Se & Co. Kgaa, Pleuger Industries, Sulzer Ltd, The Weir Group Plc, Tsurumi Manufacturing Co. Ltd., Wilo Se, Xylem Inc.

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The mechanical pump market in Europe is further segmented into Germany, France, the UK, Italy, and Rest of Europe. The market growth in this region is attributed to the rapidly flourishing building and construction, and food and beverages industries. Pumps are deployed to transport gases, liquids, and slurries, among other substances. Pumps are powered by a variety of energy sources, including electricity, manual work, diesel engines, and wind power. They are used in the automotive industry in fuel injection and water-cooling applications, and in the energy industry in natural gas or oil pumping and cooling tower operations, among others.

Based on stage, the mechanical pump market is segmented into single-stage and multistage. In 2020, the single-stage segment held the largest share Europe mechanical pump market. Based on type, the mechanical pump market is categorized into positive displacement and centrifugal pumps. In 2020, the centrifugal pumps segment held the largest share Europe mechanical pump market. Based on application, the mechanical pump market is segmented into residential, commercial, and industrial. In 2020, the industrial segment held the largest share Europe mechanical pump market.

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The report scrutinizes different business approaches and frameworks that pave the way for success in businesses. The report used expert techniques for analyzing the Europe Mechanical Pump market; it also offers an examination of the regional market. To make the report more potent and easy to understand, it consists of infographics and diagrams. Furthermore, it has different policies and development plans which are presented in summary. It analyzes the technical barriers, other issues, and cost-effectiveness affecting the market.

The COVID-19 outbreak has severely affected Germany, Spain, Italy, the UK, and France in Europe. Businesses have suffered substantially from financial crises as they had to either suspend their operations or reduce their activities considerably to abide by the social distancing norms and lockdown impositions. Europe is one of the main regions, observing a significant rise in infrastructure and construction activities.

Reasons For Buy This Report

• Highlights key business priorities to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the Europe Mechanical Pump market, thereby allowing players to develop effective long term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

Contact us:
If you have any questions about this report or would like further information, please contact us:
Contact person: Sameer Joshi
Email: sales@businessmarketinsights.com
Phone: +16467917070

About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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