The Spanish market for glandless impeller pumps for heating systems and warm water supply reached a value of 30.808 million euros in 2023. Over the past decade, the market has generally shown steady growth, with a temporary dip in 2020. From 2019 onwards, despite some fluctuations, there has been a consistent upward trend with an average annual growth rate of 3.45% over the last five years. The last two years saw smaller increments of approximately 2.87% in 2023.
Future trends to watch for include:
- Technological advancements improving energy efficiency.
- Legislative impacts on energy regulations driving demand for efficient heating solutions.
- The potential increase in residential construction and renovation activities contributing to market expansion.
| # | 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% | 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% | |
| 6 | 6 Sweden | 30,280,000 | 2023 | +0.42% | +0.3% | View data |
| 7 | 7 Romania | 23,162,000 | 2023 | +4.13% | +3.57% | View data |
