Europe Dynamic Pumps Market to Grow at a CAGR of 4.9 % to reach US$ 16,415.00 million from 2022 to 2030

Europe Dynamic Pumps Market accounted for US$ 11,171.20 million in the year 2022 and is expected to grow at a CAGR of 4.9 % during the period 2022 - 2030, to account for US$ 16,415.00 million in the year 2030.

Analyst Perspective:

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.

Market Overview:

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.

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Europe Dynamic Pumps Market: Strategic Insights

Market Size Value in	US$ 11,171.20 million in 2022
Market Size Value by	US$ 16,415.00 million by 2030
Growth rate	CAGR of 4.9 % from 2022 to 2030
Forecast Period	2022-2030
Base Year	2022

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Market Driver:

Rising Residential and Industrial Applications of Pumps

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. According to the United Nations Department of Economic and Social Affairs Report in 2022, approximately 74% of the population lives in urban areas across Europe. Such a huge population requires water supplies from the municipalities. The residential sector uses water pumps that enable water to be directly delivered to the households. This water is supplied with the help of various types of dynamic pumps, including centrifugal and submersible, among others. The new residential buildings represent ~20.6% of the total construction investment in Europe in 2021. It was one of the main drivers of the overall increase in construction investment in 2021, although it declined by 0.2% in 2022. Investment in residential housing across the EU represented 5.7% of the total GDP in 2022.

Further, there is a rise in industrialization and rapid growth of the food & beverages industry in Europe. According to the Food and Drink European Commission Organization Report in 2022, the EU's food & beverages industry generated revenue of ~US$ 1.2 trillion and added ~US$ 250.74 billion to its economy. The food & beverages sector is considered one of the largest manufacturing industries in the region—approximately 60.0% of the EU's food and beverages are exported to the international market. Also, the EU countries are the largest exporters of food and beverage products, with export value reaching US$ 170.07 billion and international trade surplus activities valued at US$ 79.58 billion in 2022. The food & beverages industry uses dynamic pumps to carry fluids from one place to another place in various processes, such as introducing fixed quantities of fluid and removing wastes. Also, pumps are widely used for manufacturing and packaging, water and wastewater sewage treatment, and wastewater disposal. Dynamic pumps use high-grade materials to remove sludge and waste in the food and beverage manufacturing plants. Centrifugal pumps use impellers to transport water and other liquids for processing food & beverages, oil, and others. Thus, rising residential and industrial applications of pumps drive the dynamic pumps market in Europe.

Segmental Analysis:

Based on the type, the global dynamic pump market is segmented into centrifugal pumps, submersible pumps, and axial pumps. The centrifugal pump is divided into horizontal and vertical centrifugal pumps. Centrifugal pumps accounted for the largest share in 2022, owing to rising demand for water and wastewater treatment plants. Also, these pumps are widely used in the oil, gas, and petrochemical sectors in order to transmit the fluids from one place to another. According to the European Commission Organization, in 2022, the oil production of EU countries reached around 343 thousand barrels per day, except for the UK. This has created a massive demand for the dynamic pump market.

Regional Analysis:

The dynamic pump market in France is driven by increasing pharmaceutical production along with growing investment by the key players in the food & beverages industry. The manufacturing and pharmaceutical sectors require a dynamic pump to process the fluids used in various operations from one place to another. Also, in France, there are several pump manufacturing companies, which include Salher, in Toulouse, France, Weda AB, FPZ S.p.A., PCM Europe SAS, HOMA Pumps, and Dellmec, among others. The major industries that contribute to the dynamic pumps market growth in France are water and wastewater treatment plants industry, oil and gas and the food & beverages sector.

Further, the rising demand for intelligent pump products with additional control functions to prevent pump damage, as well as the growing agriculture sector across the country, drives the market growth. France's agricultural land was recorded to be 74 million acres (30.0 million hectares) as of 2022. This agriculture land requires dynamic pumps for the crop irrigation and providing the water to the plants in farms.

Key Player Analysis:

Xylem Inc., Flowserve Corporation, Grundfos Holding A/S, EBARA CORPORATION, Sulzer Ltd, and KSB SE & Co KGaA. are the prominent market participants in the dynamic pumps market.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the dynamic pumps market. The market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand. The market players present in the dynamic pumps market are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings. A few recent developments by key the dynamic pumps market players are listed below:

 

Year	News
Sep-2023	Xylem Inc., a leading global water technology company, and LORENTZ, the German solar water pump manufacturer, announced they will enter into a distribution agreement to expand the availability of solar-powered pumping systems, globally. These sustainable pumping solutions are commonly used in agriculture, irrigation and drinking water applications, enabling water managers to address decarbonization goals while reducing operating costs.
Dec-2023	EBARA Pumps Europe S.p.A, Gambellara, Italy launched the new In-line pump model 3E/3ES for the Global market except Japan.