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Europe Pumps Market to grow at 2.3% CAGR from 2021 to 2027

Europe Pumps Market outlook indicates significant room for expansion, since these devices are at the core of several operations, from the oil sector to the food industry. Steadily increasing rebuilding and restoration operations in the European construction industry are likely to spike the demand for pumps used in dewatering and pressure boosting.

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Europe Pumps Market to grow at 2.3% CAGR from 2021 to 2027

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  1. Europe Pumps Market to Cross USD 16 Bn by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Europe Pumps Market outlook indicates significant room for expansion, since these devices are at the core of several operations, from the oil sector to the food industry. Steadily increasing rebuilding and restoration operations in the European construction industry are likely to spike the demand for pumps used in dewatering and pressure boosting. Europe pumps market size is estimated to exceed USD 16 billion by 2027. Ebara corp. Sulzer Ltd., Grundfos, Xylem, Baker Hughes A GE Company, KSB, Gardner Denver, and Flowserve Corp are among the leading manufacturers of pumps in Europe. Pumps, both portable and stationary, are widely utilized in a wide range of purposes throughout Europe. Stationary concrete pipes are commonly seen in buildings, construction sites, water conservancies, bridges, and tunnels. These pumps are used to pour concrete, generally in the construction of infrastructure such as swimming pools and walkways. Because of improvements in air-cooled engines and pump technology, portable pumps are now considered critical equipment for firemen. This is due to the introduction of new pump technologies, as well as the technological change of the air-cooled engines utilized. These pumps are portable and are extremely reliable in a variety of firefighting missions. The stationary pump segment accounted for 82% of Europe pumps market share in 2020. Manufacturers are likely to capitalize on gaining a competitive advantage over competitors through introduction of various product differentiation strategies. For example, the newly designed MultiProtector pump protection module from NETZSCH has a digital monitoring unit, which detects potential faults simply through the app and initiates relevant countermeasures. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3p4FikC • The tool analyses data on medium temperature, leakage, motor voltage, and motor temperature and other data on a continual basis. If a previously specified threshold value is surpassed, a warning signal is sent, or the pump can be turned off instantly and automatically. • The expansion of oil and gas exploration operations in the region will have a favorable impact on Europe pumps market forecast. With the IMO 2020 standard in effect from January 2020, large refiners are obliged to update their existing infrastructure to produce low sulfur fuels. With the refineries set to undergo renovations, the demand for pumps is predicted to rise over the next few years, boosting Europe pumps market outlook even further. • Pump demand from the construction sector to power through 2021-2027: • The subterranean space is generally used as usable space, transit networks, and storage facilities in metropolitan areas for optimal space utilization. Consequently, groundwater seepage is a common issue in civil engineering projects especially when equipment digs deep into the soil. • In response to this issue, pumps are utilized for a wide range of applications in the construction sector, including structural and subterranean engineering. The growing number of rebuilding and restoration projects in the European construction sector will increase demand for pumps used in dewatering and pressure boosting. Europe pumps market share from the building & construction application segment is projected to rise at a CAGR of 2% up to 2027. • Request for customization @ https://bit.ly/3zJJ33F ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Europe is a booming center for mechanical engineering, with nations such as Germany, Italy, and the United Kingdom investing heavily toward this equipment, shaping the regional pumps market trends. They also engage in R&D to create improved equipment for specialized uses in power generation that must withstand severe temperatures. • With the existence of numerous semiconductor and fine chemical producers in the nation, Germany might retain its lead in the regional market. Europe boasts of a strong lineup of reputable manufacturers like Grundfos, Atlas Copco, and Sulzer, who are esteemed for their high-quality and long-lasting pumps. • It can be said that the COVID-19 epidemic had a negative influence on Europe's construction, oil and gas, mining, and other businesses. Production interruption, raw material shortages, and financial crises across industries, resulted in a decrease in Europe pumps market share during FY 2020. • Segmentation of Europe Pumps Market: • Europe Market, By Product • Portable • Stationary • Europe Market, By Position • Submersible • Non-submersible ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Europe Market, By Driving force • Engine Driven • Electrical Driven • Europe Market, By Technology • Dynamic Pumps • Centrifugal Pumps • Others • PD Pumps • Rotary • Gear • vane • Screw • Others • Reciprocating • Diaphragm • Piston/Plunger • Europe Market, By Application • Mining • Building & construction • Oil & gas • General industries • Water & wastewater • Chemicals • Power generation • Others ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Europe Market, By Application • Mining • Building & construction • Oil & gas • General industries • Water & wastewater • Chemicals • Power generation • Others • The above information has been provided for the following countries: • Europe • Germany • UK • France • Spain • Italy • Switzerland • Russia • Rest of Europe • ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  8. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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