In 2023, Germany led the multi-stage centrifugal pump market in Europe, controlling a significant share of the production value. Denmark and the UK followed, albeit with lower shares compared to Germany. Italy, France, and Spain had smaller market participation. Year-on-year variations in 2023 indicated that Germany and the UK experienced growth, while Denmark, Italy, and France witnessed declines. Spain showed modest growth. Over the last five years, compound annual growth rates varied, reflecting contrasting multi-year trends in European production by country.
Future trends to monitor include increasing demand for energy-efficient pumps, technological advancements, and potential regulatory changes across Europe that might impact production and market dynamics.
Top countries in Sold Production of Centrifugal Pumps with a Discharge Outlet Diameter More than 15 mm, Multi-Stage Share by Country (Euros)
| # | 6 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.19 | 2023 | +5.53% | +2.05% | View data |
| 2 | 2 Denmark | 20.96 | 2023 | +3.5% | -0.28% | View data |
| 3 | 3 United Kingdom | 16.64 | 2023 | -3.6% | +1.97% | View data |
| 4 | 4 Italy | 12.59 | 2023 | +2.88% | -2.22% | View data |
| 5 | 5 France | 10.49 | 2023 | +0.5% | -1.27% | View data |
| 6 | 6 Spain | 7.27 | 2023 | -0.72% | +1.5% | View data |
