Italy Industrial Pumps Market Size & Outlook, 2023-2030
Italy industrial pumps market, 2018-2030 (US$M)
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Italy industrial pumps market highlights
- The Italy industrial pumps market generated a revenue of USD 1,251.1 million in 2023 and is expected to reach USD 1,618.7 million by 2030.
- The Italy 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.
Industrial pumps market data book summary
| Market revenue in 2023 | USD 1,251.1 million |
| Market revenue in 2030 | USD 1,618.7 million |
| Growth rate | 3.7% (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, Italy accounted for 2.8% 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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Italy 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 67.05% in 2023. Horizon Databook has segmented the Italy industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
According to Eurostat, Italy represents around 12.8% of the EU’s GDP. According to the European Commission, Italy’s GDP shrunk by 8.9% in 2020, witnessed a GDP growth of 6.5% in 2021, and is expected to see a growth of about 4.1% in 2022 due to the impact of COVID-19 pandemic.
Additional financial support is expected to have impacted the growth in the second half of 2021 while preserving productive capacity. The country's economic growth is recovering gradually due to several factors including rising disposable income, high public investment, reduced social security charges and tax burdens, and tax incentives for businesses.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into Italy industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy industrial pumps market size, by product, 2018-2030 (US$M)
Italy Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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