Germany Industrial Pumps Market Size & Outlook, 2023-2030
Germany industrial pumps market, 2018-2030 (US$M)
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Germany industrial pumps market highlights
- The Germany industrial pumps market generated a revenue of USD 1,369.4 million in 2023 and is expected to reach USD 1,846.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.4% 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.
Industrial pumps market data book summary
| Market revenue in 2023 | USD 1,369.4 million |
| Market revenue in 2030 | USD 1,846.5 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 3.1% of the global industrial pumps market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany industrial pumps market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,846.5 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 67.55% in 2023. Horizon Databook has segmented the Germany industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
According to the government of Germany, the economy was hit by COVID-19 pandemic as the GDP contracted by4.9% in 2020. With COVID-19 restrictions in the process of lifting, the government has revised its growth forecast from 3% to 3.6% in 2021. However, as per the OECD economic forecast in December 2021, economic growth is expected to reach a value of 2.9 % in 2021 and 4.1% in 2022.
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Our clientele includes a mix of industrial pumps market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Germany industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into Germany industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany industrial pumps market size, by product, 2018-2030 (US$M)
Germany Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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