The market for Glandless Impeller Pumps in the UK showed a fluctuating trend over the past decade. In 2023, the market value stood at 69.74 million Euros. A notable decline from its peak in 2013, the market displayed substantial variations with periods of decline followed by slight rebounds. In recent years, specifically 2022 and 2023, the market experienced minor negative growth with year-on-year decreases of -0.52% and -0.51%, respectively. The 5-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 marked a moderate downturn at -1.06%.
Potential trends to observe in the future include:
- Advancements in energy-efficient pump technologies that could stimulate demand.
- Increasing regulatory and environmental standards driving a shift towards greener solutions.
- Potential impacts of economic factors like inflation and supply chain disruptions on market dynamics.
- Potential growth in the retrofitting market as older systems are replaced with more efficient alternatives.
| # | 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% | View data |
| 3 | 3 United Kingdom | 69,740,000 | 2023 | -0.51% | -1.06% | |
| 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 |
