Europe Industrial Pumps Market Size & Outlook, 2023-2030
Europe industrial pumps market, 2018-2030 (US$M)
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Europe industrial pumps market highlights
- The Europe industrial pumps market generated a revenue of USD 8,229.0 million in 2023.
- The market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, centrifugal pump was the largest revenue generating product in 2023.
- Positive Displacement Pump is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 8,229.0 million |
| Market revenue in 2030 | USD 10,635.5 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal Pump, Positive Displacement Pump |
| Key market players worldwide | Flowserve Corp, Sulzer AG, Pentair PLC, ITT Inc, Schlumberger Ltd, Ebara Corp, Weir Group PLC, Ingersoll Rand Inc, Grundfos |
Other key industry trends
- In terms of revenue, Europe region accounted for 18.7% of the global industrial pumps market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28,660.1 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe industrial pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial pumps market will help companies and investors design strategic landscapes.
Centrifugal pump was the largest segment with a revenue share of 66.43% in 2023. Horizon Databook has segmented the Europe industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is home to some of the most industrialized economies in the world. The region has seen relative stability in terms of annual growth rate. According to the European Commission, in 2020, the European economy was hit hard in the first quarter of 2020 on account of COVID-19 pandemic, however, it rebounded significantly as containment measures were slowly eased.
According to IMF, with the outbreak of COVID-19 throughout Europe, the economic recovery is expected to be sluggish. On the other hand, swift vaccination drive and improved private spending, Europe's GDP growth is expected to rebound by 4.5% in 2021, according to the IMF.
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Our clientele includes a mix of industrial pumps market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe industrial pumps market , including forecasts for subscribers. This continent databook contains high-level insights into Europe industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe industrial pumps market size, by country, 2018-2030 (US$M)
Europe Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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