The market for Glandless Impeller Pumps in heating systems and warm water supply in Italy exhibited fluctuations over the past decade. From 2013 to 2018, the market experienced steady growth, with peaks in 2016 and 2017. However, starting in 2019, a decline was evident, with 2023 values at 113.1 million euros. The market saw successive negative year-on-year changes since 2019, including a drop of 9.76% in 2023. The five-year compounded annual growth rate (CAGR) was negative, emphasizing market contraction.
Future Trends to Watch:
- Energy efficiency and sustainability are key drivers, potentially boosting market recovery.
- Technological advancements in smart pumps could spur demand.
- Regulatory changes and economic recovery post-pandemic may influence industry dynamics.
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 779,760,000 | 2023 | +2.77% | +4.1% | View data |
| 2 | 2 Italy | 113,100,000 | 2023 | -9.76% | -9.54% | |
| 3 | 3 United Kingdom | 69,740,000 | 2023 | -0.51% | -1.06% | View data |
| 4 | 4 Poland | 53,312,000 | 2023 | -0.93% | -2% | View data |
| 5 | 5 Spain | 30,808,000 | 2023 | +2.87% | +3.45% | View data |
