The Europe Water Pump Market would witness market growth of 4.2% CAGR during the forecast period (2022-2028).
Water pumps are crucial to building projects, the expansion of the construction sector is anticipated to enhance the demand for them. In addition, the market is expected to be driven by the rising demand for water pumps in both residential and commercial applications. Furthermore, the market is anticipated to be caused by water pumps' rising use in agriculture. The requirement for effective irrigation systems and the rising food demand has led to a rise in the usage of water pumps in agriculture. The market is anticipated to be driven by innovative technologies, such as smart water pumps.
Water flow may be automatically adjusted by sensors and monitoring systems installed in smart water pumps. Increasing applications from different end-users about the availability of pumping systems, the prevalence of operational flexibility, and strict government requirements for environmental safety and energy concerns are some of the reasons that will accelerate the development of the water pump market. On the other hand, the adoption of intelligent pumps that are both effective and smart will further increase the number of possibilities that will contribute to the expansion of the water pump market throughout the projected time.
Numerous possibilities exist for the European water pump market, including cutting energy usage in several European nations, meeting customer expectations, maintaining competitiveness with global vendors, and growing regional presence. The most effective rate of wastewater recycling and reprocessing is also seen in Germany. Sewage treatment facilities receive a sizable volume of wastewater for processing from individual homes, businesses, trades, and public restrooms. The wastewater treatment facilities will thus need an adequate water pump to treat wastewater from various sources, which is expected to accelerate the development of the water pump market in the Europe area.
The Germany market dominated the Europe Water Pump Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,417.5 Million by 2028. The UK market is anticipated to grow at a CAGR of 3.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5% during (2022 - 2028).
Based on Type, the market is segmented into Centrifugal and Positive Displacement. Based on Driving Force, the market is segmented into Electric Driven and Engine Driven. Based on Application, the market is segmented into Oil & Gas, Water & Wastewater, Chemicals, Power Generation and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Water Pump Market will Hit $71.7 Billion by 2028, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Atlas Copco AB, Baker Hughes Company, Flowserve Corporation, Grundfos Holding A/S, Sulzer Ltd., Ebara Corporation, Xylem, Inc., KSB SE & Co. KGaA, Kirloskar Brothers Limited (Kirloskar Group), and Husqvarna Group.
By Type
By Driving Force
By Application
By Country
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