Between 2013 and 2023, the Swedish market for glandless impeller pumps in heating systems and warm water supply showed moderate fluctuations. The market size in 2023 stood at 265.66 thousand units, marking a subtle increase from the previous year (0.65%). Over the last two years, the market grew modestly each year, with slight declines observed during some years. The compound annual growth rate (CAGR) of 0.59% over five years highlights steady albeit slow growth. Historically, the market experienced variations due to economic factors and technological advancements.
Looking ahead, key trends include increased energy efficiency demands and integration of smart technologies in pump systems. Environmental regulations will likely guide market dynamics, prompting manufacturers to innovate and differentiate their offerings.
