Europe Pumps Market size crossed USD 14 billion in 2020 and is anticipated to register a growth rate of 2.3% from 2021 to 2027.

Rapidly growing building & construction and food & beverage industries in Europe is likely to drive the Europe pumps industry. A pump is used to move fluids such as gases, liquids, or slurries, by mechanical action. Pumps function through several energy sources such as electricity, manual operation, diesel engines, or wind power. Mechanical pumps serve in a wide range of applications such as dewatering & sewage, pond filtering and aeration, extracting water from wells. Pumps are also utilized in automobile sector for fuel injection and water-cooling, and in the energy sector for pumping natural gas or oil, or for operating cooling towers etc.

Germany will hold sway the regional market with the presence of several semiconductor and fine chemical manufacturers in the country. Europe also has several high-quality pump manufacturers such as Atlas Copco, Grundofos and Sulzer catering to the regional demand. The end-users in this region also import pumps from competitive manufacturers of U.S., Japan, and China at comparatively lower costs as the European manufactured products are usually high priced compared to the global market.

The COVID-19 pandemic has adversely impacted the construction, oil & gas, mining, and various other industries in Europe. Adverse impact of COVID-19 such as disruption in production, shortage of raw materials, financial crisis across industries, has led to reducing market revenue of pumps in the region in FY 2020.

Europe Market, By Application

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Building & construction application segment is expected to grow at a CAGR of 2% during the forecast period. Growing application in industrial application such as chemical and pharmaceutical is another important factor which will drive the demand for pumps. Increase in number of reconstruction and renovation activities in European construction sector will enhance the demand for pumps in dewatering and pressure boosting.

Europe Market, By Product

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The stationery pump segment accounted for 82% market share in 2020. Stationary pumps have the motor situated at above ground level, connected through a vertical shaft to the bottom of the pump. The pumps are driven by a diesel engine or by an AC electric induction motor through a right-angle drive.

Competitive Industry Landscape

Major companies operating in the market are Grundfos, Ebara corp. Sulzer Ltd., Xylem, KSB, Baker Hughes A GE Company, Gardner Denver, and Flowserve Corp, among others. Pumps manufacturers are continuously focusing on the technology advancement and research & development to gain competitive advantages.