Wednesday, 23 November 2022 04:30 AM
Company Update
NEWARK, DE / ACCESSWIRE / November 23, 2022 / Europe Water Pumps Market was worth ~US$ 8 Bn in the year 2021 and is expected to reach US$ 11.4 Bn by the year 2031 at a CAGR of 4.3% between 2021 and 2031.
Europe has been the flag bearer of water pumps market since ages. This state is expected to continue even in the forecast period.
2 HP water pumps are being used by more than 25% of the European population. The major applications include irrigation, easy operation, and suitability toward potability. Durability and robustness are also the plus points over here.
There are submersible pumps that are being used in the field of industrial wastewater. They help a great deal in draining out the flooded water and are cost-effective. Another benefit is that water pumps from greater depths could be used very well, that too, without witnessing any sort of overstaining.
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Industrial water pumps are used for transporting numerous fluids in numerous sectors. These water pumps are being made available to move chemical fluids, oils, beverages, meals, wastewater, sludge, and the other materials (apart from water). Certain modern commercial/industrial water pumps have been built for withstanding harsh circumstances with respect to terrains and climate. Herein, the end-use verticals are inclusive of wastewater/water applications, irrigation, and agriculture.
Stationery pumps account for more than 80% of the overall market share. This could be attributed to the fact that they are abreast with the motor located above the ground level. The bottom of the pump is connected through vertical shaft. Either an AC electric induction motor (through right-angle drive) or a diesel engine drive these water pumps.
The pharmaceutical vertical is also expected to contribute toward growth of Europe water pump market in wake of distilled water needed for processing of drugs.
Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Europe Water Pumps Market'. Its indigenous team comprising analysts and consultants have etched every type of research like primary, secondary, and tertiary in the market study considering bottom-up approach.
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Key Takeaways from Europe Water Pumps Market
- Germany holds the largest market share in Europe Water Pumps market. This could be attributed to automation and digitization being placed at the epicentre with regards to adaptable, resource-efficient, and competitive water management strategy, thanks to WATER 4.0.
- Coming to the UK, overseas end-consumers are more inclined toward engineering and manufacturing expertise of the region. There are numerous opportunities with respect to municipal water and drainage end-use.
Competitive Landscape
- The KSB Group, in May 2021, tabled its new-fangled, time-tested submersible grey water pumps known as ‘AmaDrainer 3' type series. It's a single-stage, vertical, fully flooded, submersible motor pump.
- DESMI, in October 2021, did offer a one-stop shop to enable aquaculture with a complete range of pumping options. Prior to that, i.e. in May 2021, the company also expanded the presence in Italy.
"Rapidly expanding food & beverages and building & construction verticals ought to take Europe Water Pumps Market to a new ‘high' in the upcoming period", says an analyst from Future Market Insights.
What does the Report Cover?
- The research study is based on capacity (upto 1 HP, 2-5 HP, 5-10 HP, 10-15 HP, 15-20 HP, 20-30 HP, and above 30 HP), by product type (centrifugal pump (single stage, multi stage, axial & mixed flow, submersible, and circulator) and positive displacement (reciprocating and rotary)), by end-use (centrifugal pump (domestic, agriculture & irrigation, mining, water & wastewater, oil & gas, and other industrial) and positive displacement (oil & gas, chemical, water & wastewater, pulp & paper, power, and other industrial), and by country (Germany, Italy, France, UK, Spain, BENELUX, Russia, Poland, and rest of Europe).
- Manufacturing of pumps is one amongst the industrial sectors wherein Europe does perform better than its counterparts. As of now, it has the privilege to enjoy positive trade balance between Americas and several economies of the Asia-Pacific.
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Key Europe Water Pumps Market Segments Covered
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
- U.K.
- Spain
- BENELUX
- Russia
- Poland
- Rest of Europe
To Buy this Report Visit: https://www.futuremarketinsights.com/checkout/14233
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product innovation & Diversification
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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SOURCE: Future Market Insights, Inc.