Europe Centrifugal Pump Market Overview and Growth Prospects

The Europe centrifugal pump market is projected to grow from US$10,537.99 million in 2021 to US$14,791.72 million by 2028, expanding at a CAGR of 5.0% during the forecast period. A key driver of this growth is the rising consumer demand for organic food, which has spurred the adoption of modern farming techniques such as hydroponics and vertical farming. These methods rely on controlled environments and efficient water circulation—where centrifugal pumps play a vital role—enabling pesticide-free cultivation while optimizing space and resource usage.

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Market Segmentation Insights

• By Stage: The single-stage centrifugal pump segment dominated the market in 2020.
• By Operation Type: Electric centrifugal pumps held the largest market share in 2020.
• By Type: The overhung impeller segment led the market in 2020.
• By Sector: Wastewater management was the largest application segment in 2020.

Key Market Players

Prominent companies operating in the Europe centrifugal pump market include:

• EBARA CORPORATION
• Grundfos Holding A/S
• KIRLOSKAR BROTHERS LIMITED
• KSB SE & Co. KGaA
• PLEUGER INDUSTRIES
• Sulzer Ltd
• The Weir Group PLC
• Tsurumi Manufacturing Co., Ltd.
• WILO SE
• Xylem Inc.

Why Purchase This Report?

• Identify high-growth segments to maximize ROI in the Europe centrifugal pump market.
• Stay ahead of competitors by analyzing evolving market dynamics and trends.
• Optimize M&A and partnership strategies by targeting the most lucrative market segments.
• Make data-driven decisions with comprehensive market performance analysis across key segments.
• Access revenue forecasts for various market segments from 2021 to 2028.

This report leverages insights from company websites, annual reports, financial statements, government publications, and statistical databases, providing a reliable and in-depth assessment of the Europe centrifugal pump market landscape.

Market Overview

Europe is experiencing substantial investments in its oil and gas sector, with the North Sea remaining a key source of supply. Several major projects are underway, including Norway’s Johan Sverdrup and Johan Castberg fields, the UK’s Rosebank and Lochnagar fields, and Cyprus’s Aphrodite Gas Field. Additionally, the automotive industry plays a vital role in the region’s economy, contributing approximately 7% of the EU’s GDP. Leading manufacturing hubs such as Germany, France, Spain, and the UK drive this sector.

A notable shift in Europe’s energy mix has been the transition from coal to natural gas for power generation, significantly reducing CO₂ emissions. Eastern Europe is also seeing increased investment in nuclear power plants. Furthermore, the growing construction industry and rising water usage in mining operations are key factors boosting demand for centrifugal pumps across the region.

Impact of COVID-19

The pandemic has severely affected Europe, particularly the UK, disrupting businesses and supply chains. Many companies faced financial strain due to operational suspensions or reduced activity in compliance with lockdown measures. Despite these challenges, Europe remains a hub for infrastructure development and construction, with increasing demand for water and wastewater management solutions.

While the centrifugal pump market is expected to recover, the manufacturing sector—including pump production—has been hampered by supply chain disruptions and declining demand. Travel restrictions and business closures led to an economic downturn in 2020, the effects of which may persist into 2021. Nevertheless, the market is anticipated to regain momentum in the coming years as industrial activity stabilizes.

Europe Centrifugal Pump Strategic Insights

Strategic insights for the Europe Centrifugal Pump provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Market leaders and key company profiles

  EBARA CORPORATION

  Grundfos Holding A/S

  KIRLOSKAR BROTHERS LIMITED

  KSB SE & Co. KGaA

  PLEUGER INDUSTRIES

  Sulzer Ltd

  The Weir Group PLC

  Tsurumi Manufacturing Co., Ltd.

  WILO SE

  Xylem Inc.

Europe Centrifugal Pump Regional Insights

The geographic scope of the Europe Centrifugal Pump refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights