The Europe dynamic pumps market is driven by increasing demand for pumps across the industrial sectors, including oil & gas, petrochemicals, and others. Dynamic pumps are widely used in industrial production activities for several applications such as dewatering, sewage, aeration, pond filtering, carrying solid fluids, and extraction of water from wells. Dynamic pumps such as axial, centrifugal, and other pumps are widely used in industrial plants to transfer the fluid from one place to another. According to the European Commission Organization, the sold industrial production across the EU Member States in 2022, valued at US$ 6,764.46 billion, increased by 19% compared to 2021. In the EU, six major countries generated 74.0% of the total EU's sold production. Germany generated the highest share of 26.0% for the production, followed by Italy with 19%, France with 11%, Spain with 8%, Poland with 6%, and the Netherlands with 4%. The rest of the EU countries contributed approximately 26% of the share of the total solid industrial production activities. This industrial production includes the following major industries—food & beverages, metal production, automobiles, chemicals, and refineries. These industries also require water to carry out production activities, which is supplied through various dynamic pumps. Thus, the rise in industrial production activities across European countries has created a massive demand for dynamic pumps.
Further, the nominal value of the sold industrial production for metal manufacturing reached US$ 278.07 billion, followed by food products manufacturing, which accounted for ~US$ 139.03 billion in 2022 compared to 2021.
Also, the manufacturing of chemical products was valued at US$ 94.15 billion, followed by machinery and equipment manufacturing, which was valued at 54.75 billion in 2022. Dynamic pumps are widely used in these industrial production activities to carry out different production activities. Also, in 2021, total import activities of crude oil to the EU countries accounted for 446.5 million tons. Most of the crude oil importing countries include Russia with 112.3 million tons, followed by Norway with 43.6 million tons, and the USA with 37.4 million tons in 2021. Thus, the rise in crude oil import and industrial production activities has created a massive demand for dynamic pumps in Europe.
The European dynamic pumps market showcases a robust and diverse landscape characterized by stringent regulations, technological innovation, and a growing emphasis on sustainability. Across various industries, such as water treatment, manufacturing, oil & gas, and infrastructure development, dynamic pumps serve as critical components for fluid handling applications.
Rising investment by the EU government toward urban water and wastewater treatment is driving the dynamic pumps market growth. For instance, in March 2022, the European Investment Bank invested a US$ 76.36 million grant to build the wastewater treatment plant in Skopje. The EU bank investment granted the fund to the country under the Balkans Investment Framework. Further, the European bank has supported more than 1,600 projects by investing ~US$ 86.21 million. This project includes upgradation, sanitation, and providing drinking water infrastructure for the European residents. Dynamic pumps are widely used in the petrochemical & chemicals industry for the extraction and transportation of fluids from one place to another.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 11,171.20 Million |
| Market Size by 2030 | US$ 16,415.00 Million |
| Global CAGR (2022 - 2028) | 4.9 % |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
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| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Xylem Inc., Flowserve Corporation, Grundfos Holding A/S, Sulzer Ltd, and KSB SE & Co KGaA are the top key market players operating in the Europe dynamic pumps market.
The paper and pulp-making process involves mixing, metering, and pumping a wide range of chemicals and abrasive materials. The paper & pulp industry uses dynamic pumps to handle caustic chemicals, as well as help in transferring fluids from one place to another. Paper and pulp mills require continuous feeding of the paper pulp solution using dynamic pumps for constant production.
Dynamic pumps are hydraulic devices that lift a liquid from a low level to a high level as well as move it from a low-pressure area to a high-pressure area. These pumps transfer fluids by converting their mechanical energy into hydraulic pressure energy. In the residential area, pumps are widely used to transport water from one point to another point. There is an increase in urbanization and a substantial rise in the residential construction sector across Europe.
The dynamic pump market in Germany held the largest share in 2022, due to an increase in industrial production activities and growing oil and gas import and export activities, among others. Per the International Energy Agency Report in 2022, the crude oil production in Germany was ~23 million ton. As of 2021, there were approximately 44 crude oil reserves that use dynamic pumps to carry fluid from one place to another.
In Europe, there is a rise in the adoption of AI, IoT, predictive analytics, and other digital technologies. The adoption of these technologies improves the dynamic pump efficiency without additional repair and maintenance costs. The IoT-based platform integrates pumps to offer wider flow-control systems.