Europe Mechanical Pump Market

Market Introduction

The mechanical pump market in Europe is further segmented into Germany, France, the UK, Italy, and Rest of Europe. The market growth in this region is attributed to the rapidly flourishing building and construction, and food and beverages industries. Pumps are deployed to transport gases, liquids, and slurries, among other substances. Pumps are powered by a variety of energy sources, including electricity, manual work, diesel engines, and wind power. They are used in the automotive industry in fuel injection and water-cooling applications, and in the energy industry in natural gas or oil pumping and cooling tower operations, among others. Mechanical pumps are used in a variety of applications, including dewatering and sewage, pond filtering and aeration, and well water extraction. Germany is set to dominate the mechanical pump market in Europe owing to the presence of multiple semiconductors and fine chemical manufacturers in the country. Atlas Copco, Grundfos, and Sulzer are among the high-quality pump manufacturers in Europe. However, European-made goods are typically more expensive than those on the worldwide market; hence, end users in this region also import pumps from rival manufacturers in the US, Japan, and China at lower prices. Modern farming technologies such as hydroponics and vertical farming are gaining traction in Europe, presenting considerable prospects for mechanical pump manufacturers. A strong commitment of European countries to public safety and environmental protection encourages wastewater management efforts in the region. For example, in Northern Europe, more than 80% of the population has been connected to wastewater treatment plants since 1995, and more than 70% of city wastewater receives tertiary treatment. Since 1995, the connection rate to wastewater treatment has climbed to 97%, while 75% of wastewater in central Europe receives tertiary treatment.  The COVID-19 pandemic has adversely affected the construction, oil and gas, mining, and other businesses in the region. Production disruption, raw material shortage, and financial crisis amid these adversities hampered the mechanical pump market performance in the region in FY 2020.

The COVID-19 outbreak has severely affected Germany, Spain, Italy, the UK, and France in Europe. Businesses have suffered substantially from financial crises as they had to either suspend their operations or reduce their activities considerably to abide by the social distancing norms and lockdown impositions. Europe is one of the main regions, observing a significant rise in infrastructure and construction activities. The demand for water and waste management has risen significantly over the years. Due to the presence of giant manufacturers known for the high adoption of mechanical pumps, the mechanical pump market in Europe is expected to gain back its growth pace during the forecast period. However, disrupted supply chains in several European countries and a fall in demand have been limiting the manufacturing sector's performance, including the pump manufacturing businesses. Business shutdowns and travel bans have been restricting the growth of various sectors in Europe, which led to an economic slump in many European countries in 2020; the effect of this slowdown is likely to persist in 2021 as well.

Europe Mechanical Pump Strategic Insights

Strategic insights for the Europe Mechanical 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.

Europe Mechanical Pump Report Scope

Europe Mechanical Pump Regional Insights

The geographic scope of the Europe Mechanical 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.

The mechanical pump market in Europe is expected to grow from US$ 11,758.91 million in 2021 to US$ 16,712.82 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The surge in mining activities; minerals extracted from mines are widely used across industries such as chemicals and petrochemicals, power generation, healthcare and pharmaceuticals, manufacturing, and construction. Currently, iron ore, coal, gold, aluminum, and copper are the most mined minerals. Moreover, the cumulative revenue of Top 40 mining companies increased steadily during 2016–2019. However, in 2020, a fall in revenue was witnessed owing to the COVID-19 containment measures imposed across the region. In mining industries, an enormous volume of water is required in the transportation of ore and waste in slurries, mineral separation using chemical processes, suppression of dust during mineral processing, cooling systems around power generators, and dewatering of mines, among others, and mechanical pump play a vital role in these applications. Moreover, the demand for minerals is rising sustainably with the growing rate of urbanization and industrialization, as well as increasing demand for energy, which is propelling the adoption of a mechanical pump.

Key Market Segments

Based on stage, the mechanical pump market is segmented into single-stage and multistage. In 2020, the single-stage segment held the largest share Europe mechanical pump market. Based on type, the mechanical pump market is categorized into positive displacement and centrifugal pumps. In 2020, the centrifugal pumps segment held the largest share Europe mechanical pump market. Based on application, the mechanical pump market is segmented into residential, commercial, and industrial. In 2020, the industrial segment held the largest share Europe mechanical pump market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the mechanical pump market in Europe are company websites, annual reports, financial reports, national government documents, and statistical databases, among others. Major companies listed in the report are 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; and Xylem Inc.; among others.

Reasons to buy report

• To understand the Europe mechanical pump market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe mechanical pump market
• Efficiently plan M&A and partnership deals in Europe mechanical pump market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from a perceptive and comprehensive analysis of the market performance of various segments from Europe mechanical pump market
• Obtain market revenue forecast for market by various segments from 2021-2028 in the Europe region.

EUROPE MECHANICAL PUMP MARKET SEGMENTATION

By Stage

• Single Stage
• Multi Stage

By Type

• Positive Displacement
• Centrifugal Pumps

By

Application

• Residential
• Commercial
• Industrial

By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

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.