UK Industrial Pumps Market Size & Outlook, 2023-2030
UK industrial pumps market, 2018-2030 (US$M)
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UK industrial pumps market highlights
- The UK industrial pumps market generated a revenue of USD 945.4 million in 2023 and is expected to reach USD 1,180.9 million by 2030.
- The UK market is expected to grow at a CAGR of 3.2% 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 945.4 million |
| Market revenue in 2030 | USD 1,180.9 million |
| Growth rate | 3.2% (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, UK accounted for 2.2% 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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UK 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 64.79% in 2023. Horizon Databook has segmented the UK 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 OECD, the UK is anticipated to witness strong GDP growth of around 6.9% in 2021 and 4.7% in 2022, as the majority of the population is vaccinated and economic constraints are gradually relaxed. The GDP growth is driven by a resurgence in consumption, in terms of services.
The UK is still in the process of the EU-UK trade arrangements, which may prove disruptive to its growth. High levels of mergers and acquisitions coupled with extensive R&D in the manufacturing industry are expected to augment the market growth.
A favorable legal and regulatory environment coupled with a coherent industrial strategy is expected to have a positive impact on the industrial pumps market growth in the UK.
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Target buyers of UK industrial pumps market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into UK industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK industrial pumps market size, by product, 2018-2030 (US$M)
UK Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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