By 2024, the market for glandless impeller pumps for heating systems and warm water supply in Germany is projected to reach 2.684 million units. This follows a steady decline from the actual market size in 2023. The market is expected to further decrease over the following years, with a year-on-year variation showing a negative trend. The compound annual growth rate (CAGR) indicates a consistent downturn over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Technological improvements in pump efficiency that might slow or reverse the declining trend.
- Potential regulatory shifts in Germany's energy policy promoting energy-efficient heating solutions.
- Increasing environmental awareness potentially boosting demand for newer solutions.