Europe Water Pumps Market Eyes US$ 98.6 Billion by 2033, Driven by...

Europe Water Pumps Market Eyes US$ 98.6 Billion by 2033, Driven by 4.3% CAGR

Posté 2024-05-09 14:10:04

916

The Europe Water Pumps Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Europe Water Pumps market. Encompassing the research's scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Europe Water Pumps. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Europe Water Pumps Market is poised for substantial growth within its operational segment, particularly in the water supply category. This notable expansion can be attributed to the extensive application of water supply pumps, encompassing critical activities such as rainwater harvesting and groundwater intake. As environmental concerns continue to intensify, the demand for effective and sustainable water management practices becomes imperative.

According to a report by Future Market Insights, the Europe water pumps market is projected to reach a valuation of US$ 64.74 billion in 2023. The market is anticipated to secure a Compound Annual Growth Rate (CAGR) of 4.3% from 2023 to 2033, with a predicted value of US$ 98.6 billion by the end of 2033. This growth trajectory underscores the increasing significance of water supply solutions in addressing environmental challenges and the growing need for efficient water resource management in the region.

Gain a Competitive Edge: Get a Comprehensive Market Overview and Stay Ahead of the Curve - Request Our Sample Now
https://www.futuremarketinsights.com/reports/sample/rep-gb-14233

The Europe water pumps market is experiencing widespread adoption, driven by its capacity to operate with high adaptability while efficiently pumping low-viscosity fluids at cost-effective rates. The availability of submersible pumps in various shapes and sizes offers end users the flexibility to make purchases tailored to their specific requirements.

Within the operational segment, the water supply category is anticipated to witness a notable growth rate in the Europe water pumps market in the coming years. This growth can be attributed to the extensive application scope of water supply pumps, encompassing activities such as rainwater harvesting and groundwater intake.

The ongoing trend of rural-to-urban migration, driven by job opportunities and aspirations for improved living standards, is contributing to the increasing demand for water pumps. Furthermore, the active involvement of European governments in infrastructural development initiatives is acting as a catalyst for the rapid expansion of the Europe water pumps marketTop of Form.

Key Takeaways from the Market Study

· Sales of Europe water pumps market expanded at a CAGR of 3.39% from 2018 to 2022

· Germany market for Europe water pumps market is likely to have a market share of 17.2%

· Asia Pacific market for the Europe water pumps market is projected to secure a share of 15.26%.

· Europe water pumps market recorded US$ 63.2 billion in 2022.

· Europe water pumps market to expand at over 3.6 % CAGR through 2031.

· Market for water pumps in Germany is expected to create an absolute dollar opportunity of US$ 446.4 million during the forecast period.

· Water pumps market in the United Kingdom is expected to rise at nearly 2.8% CAGR over the forecast period.

· Water pumps market in the United Kingdom is expected to have a market share of 7.89%.

· The United Kingdom is expected to create an absolute dollar opportunity of US$ 269.4 million during the forecasted period.

· Asia Pacific region is anticipated to augment the market growth with a market share of 15.26%.

· China is predicted to expand with a CAGR of 4.8% from 2023 to 2033.

· China holds a share of 6.75% of the market.

· Submersible pumps segment is one of the most attractive pump types in the Europe water pumps market holding a market share of 5.2%.

· Industrial water pumps are estimated to expand at a value of 4.49%.

“Introduction of intelligent pump systems acts as a prominent growth driver of the Europe water pumps market”, comments a Future Market Insights Analyst.

Competitive Landscape

Some of the Leading Players Operating in the Global Market are:

· Xylem Inc

· Grundfos Holding A/S

· Flowserve Corporation

· Andritz Group

· Ebara Corporation

· KSB AG

· Sulzer Ltd

· Gorman Rupp Co.

· Franklin Electric

· ITT Inc

Important Developments by Key Players:

· In June 2023, Cordonel®, an innovative ultrasonic C&I water meter from Sensus, a Xylem brand, which features a patented technology that measures low-to-high-volume flow with proven accuracy. The unique flow tube has three measurement channels to capture every drop and seamlessly integrates with the FlexNet®.

· In January 2023, Franklin Electric Series VI Pumps will now be packaged as FS Series.

Key Segmentation of Europe Water Pumps Market

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