Market Overview and Dynamics
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, at a CAGR of 5.0% during the forecast period. The rising public awareness about the long-term health and environmental impacts of chemical fertilizers and pesticides has fueled demand for organic food. However, conventional farming methods are often hampered by climatic and environmental uncertainties.

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Modern farming practices, such as hydroponics and vertical farming, are gaining popularity as sustainable alternatives. These techniques operate in controlled indoor environments and enable organic crop cultivation without chemical inputs. In hydroponics, nutrient-rich water is circulated to nourish plants, while vertical farming uses trace minerals for growth. Centrifugal pumps play a crucial role in these systems by ensuring efficient water circulation to plant roots.

As urban farming continues to expand and the preference for organic produce grows, the demand for centrifugal pumps in modern agricultural applications is expected to rise, creating significant growth opportunities in the European market.

Key Market Segments

• By Stage: The single-stage segment held the largest market share in 2020.
• By Operation Type: The electric segment dominated the market in 2020.
• By Type: The overhung impeller segment accounted for the largest share in 2020.
• By Sector: The wastewater management segment led the market in 2020.

Key Companies Profiled
The report draws insights from a range of primary and secondary sources, including company websites, financial reports, government publications, and statistical databases. Key players 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.

Reasons to Buy This Report

• Gain a clear understanding of the Europe centrifugal pump market landscape, including high-potential segments.
• Stay competitive by monitoring the evolving market dynamics and key players.
• Identify strategic opportunities for mergers, acquisitions, and partnerships.
• Make informed business decisions based on a detailed segment-wise market analysis.
• Access revenue forecasts by segment from 2021 to 2028 across the Europe region.

Market Introduction

Europe is experiencing substantial investments in its oil and gas sector, with the North Sea continuing to serve as a vital hub for meeting regional energy demands. Several major projects are currently underway, including the Johan Sverdrup Development and Johan Castberg Field in Norway, the Rosebank and Lochnagar Oil & Gas Fields in the UK, and the Aphrodite Gas Field in Cyprus.

Additionally, the automotive manufacturing industry remains a cornerstone of the European economy. According to the European Commission, this sector contributes approximately 7% to the EU’s GDP. Countries such as Germany, Spain, France, and the UK are leading vehicle producers in the region.

Europe’s energy landscape is also undergoing a major transition, shifting from coal-based to gas-based power generation. This change has significantly reduced the share of coal in the energy mix, enhancing the role of natural gas in electricity production and contributing to lower CO₂ emissions across the power sector. Furthermore, Eastern Europe is witnessing increased investments in nuclear energy, with several new plants under development.

The construction industry is expanding rapidly, and water usage in mining operations is also on the rise—both of which are driving demand for centrifugal pumps across the region.

The COVID-19 pandemic, particularly severe in countries such as the UK, had a pronounced impact on the region. Businesses faced financial stress, temporary closures, or operational slowdowns to comply with lockdowns and social distancing mandates. Despite these challenges, Europe continues to see robust growth in infrastructure development and water and waste management initiatives. These trends, coupled with the presence of leading centrifugal pump manufacturers, are expected to support market recovery and growth in the coming years.

However, pandemic-related disruptions to supply chains and a decline in manufacturing demand have negatively impacted industrial production, including pump manufacturing. The economic downturn triggered by widespread business shutdowns and travel restrictions across Europe in 2020 is likely to continue affecting the region into 2021.

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 market encompasses the specific regions where companies operate and compete. Recognizing regional variations—such as differing consumer preferences (e.g., desired pump specifications or energy efficiency standards), economic conditions, and regulatory frameworks—is essential for developing tailored strategies. By identifying underserved markets or customizing product offerings to suit local requirements, businesses can enhance market penetration. A focused regional strategy enables more efficient allocation of resources, precise marketing efforts, and stronger competitive positioning, ultimately fostering growth across targeted European regions.

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