Technological Advancements and Innovations Shaping the Europe Water Pumps Market: 4.3% CAGR and US$ 98.6 Billion Projection by 2033

The Europe Water Pumps Market is poised to experience a significant surge in growth rate within its operating segment, particularly in the water supply category. This remarkable growth can be attributed to the widespread application area of water supply pumps, encompassing crucial activities like rainwater harvesting and groundwater intake. As environmental concerns continue to escalate, the need for efficient and sustainable water management practices becomes paramount.

Europe water pumps market to reach a valuation of US$ 64.74 billion in 2023. Future Market Insights report opines that the market is predicted to secure a 4.3% CAGR from 2023 to 2033, and is anticipated to value at US$ 98.6 billion by the end of 2033.

The Europe water pumps market acquires broad usage due to their capability of operating with high adaptability while pumping low-viscosity fluids at low costs. The presence of submersible pumps in different shapes and sizes administers end users with the resilience of buying according to their needs.

The water supply category is expected to display a rise in growth rate in the Europe water pumps market in the future, within the operating segment. This growth is attributed to the wide application area of water supply pumps, which also includes rainwater harvesting and groundwater intake.
People nowadays are invariably moving to urban areas from rural places for job search and better living standards. Governments of many countries in Europe are also engaging in infrastructural development, which is hastening the growth of the Europe water pumps market.

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Key Takeaways from the Market Study

• Sales of Europe water pumps market expanded at a CAGR of 3.39% from 2018 to 2022

• Germany market for Europe water pumps market is likely to have a market share of 17.2%

• Asia Pacific market for the Europe water pumps market is projected to secure a share of 15.26%.

• Europe water pumps market recorded US$ 63.2 billion in 2022.

• Europe water pumps market to expand at over 3.6 % CAGR through 2031.

• Market for water pumps in Germany is expected to create an absolute dollar opportunity of US$ 446.4 million during the forecast period.

• Water pumps market in the United Kingdom is expected to rise at nearly 2.8% CAGR over the forecast period.

• Water pumps market in the United Kingdom is expected to have a market share of 7.89%.

• The United Kingdom is expected to create an absolute dollar opportunity of US$ 269.4 million during the forecasted period.

• Asia Pacific region is anticipated to augment the market growth with a market share of 15.26%.

• China is predicted to expand with a CAGR of 4.8% from 2023 to 2033.

• China holds a share of 6.75% of the market.

• Submersible pumps segment is one of the most attractive pump types in the Europe water pumps market holding a market share of 5.2%.

• Industrial water pumps are estimated to expand at a value of 4.49%.

"Introduction of intelligent pump systems acts as a prominent growth driver of the Europe water pumps market", comments a Future Market Insights Analyst.

Competitive Landscape

Some of the Leading Players Operating in the Global Market are:
• Xylem Inc
• Grundfos Holding A/S
• Flowserve Corporation
• Andritz Group
• Ebara Corporation
• KSB AG
• Sulzer Ltd
• Gorman Rupp Co.
• Franklin Electric
• ITT Inc

Important Developments by Key Players:

• In June 2023, Cordonel®, an innovative ultrasonic C&I water meter from Sensus, a Xylem brand, which features a patented technology that measures low-to-high-volume flow with proven accuracy. The unique flow tube has three measurement channels to capture every drop and seamlessly integrates with the FlexNet®.

• In January 2023, Franklin Electric Series VI Pumps will now be packaged as FS Series.

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Key Segmentation of Europe Water Pumps Market

By Capacity:
• Upto 2HP
• 2-5 HP
• 5-10 HP
• 10-15 HP
• 15-20 HP
• 20-30 HP
• Above 30 HP

By Product Type:
• Centrifugal Pump
• Single Stage
• Multi-Stage
• Axial & Mixed Flow
• Submersible
• Circulator
• Positive Displacement
• Reciprocating
• Rotary

By End Use Sector:
• Centrifugal Pump
• Domestic
• Agriculture & Irrigation
• Mining
• Water & Wastewater
• Oil & Gas
• Other Industrial
• Positive Displacement
• Oil & Gas
• Chemical
• Water & Wastewater
• Pulp & Paper
• Power
• Other Industrial

By Country:
• Germany
• Italy
• France
• The United Kingdom
• Spain
• BENELUX
• Russia
• Poland
• Rest of Europe

About Us
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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This release was published on openPR.