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Factors Driving the Growth of Europe Water Pumps Market

The Europe Water Pumps Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Europe Water Pumps market. Encompassing the research's scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Europe Water Pumps. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.
The Europe Water Pumps Market is poised for substantial growth within its operational segment, particularly in the water supply category. This notable expansion can be attributed to the extensive application of water supply pumps, encompassing critical activities such as rainwater harvesting and groundwater intake. As environmental concerns continue to intensify, the demand for effective and sustainable water management practices becomes imperative.
According to a report by Future Market Insights, the Europe water pumps market is projected to reach a valuation of US$ 64.74 billion in 2023. The market is anticipated to secure a Compound Annual Growth Rate (CAGR) of 4.3% from 2023 to 2033, with a predicted value of US$ 98.6 billion by the end of 2033. This growth trajectory underscores the increasing significance of water supply solutions in addressing environmental challenges and the growing need for efficient water resource management in the region.
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The Europe water pumps market is experiencing widespread adoption, driven by its capacity to operate with high adaptability while efficiently pumping low-viscosity fluids at cost-effective rates. The availability of submersible pumps in various shapes and sizes offers end users the flexibility to make purchases tailored to their specific requirements.
Within the operational segment, the water supply category is anticipated to witness a notable growth rate in the Europe water pumps market in the coming years. This growth can be attributed to the extensive application scope of water supply pumps, encompassing activities such as rainwater harvesting and groundwater intake.
The ongoing trend of rural-to-urban migration, driven by job opportunities and aspirations for improved living standards, is contributing to the increasing demand for water pumps. Furthermore, the active involvement of European governments in infrastructural development initiatives is acting as a catalyst for the rapid expansion of the Europe water pumps market.
Key Takeaways from the Market Study
• Sales of Europe water pumps market expanded at a CAGR of 3.39% from 2018 to 2022
• Germany market for Europe water pumps market is likely to have a market share of 17.2%
• Asia Pacific market for the Europe water pumps market is projected to secure a share of 15.26%.
• Europe water pumps market recorded US$ 63.2 billion in 2022.
• Europe water pumps market to expand at over 3.6 % CAGR through 2031.
• Market for water pumps in Germany is expected to create an absolute dollar opportunity of US$ 446.4 million during the forecast period.
• Water pumps market in the United Kingdom is expected to rise at nearly 2.8% CAGR over the forecast period.
• Water pumps market in the United Kingdom is expected to have a market share of 7.89%.
• The United Kingdom is expected to create an absolute dollar opportunity of US$ 269.4 million during the forecasted period.
• Asia Pacific region is anticipated to augment the market growth with a market share of 15.26%.
• China is predicted to expand with a CAGR of 4.8% from 2023 to 2033.
• China holds a share of 6.75% of the market.
• Submersible pumps segment is one of the most attractive pump types in the Europe water pumps market holding a market share of 5.2%.
• Industrial water pumps are estimated to expand at a value of 4.49%.
“Introduction of intelligent pump systems acts as a prominent growth driver of the Europe water pumps market”, comments a Future Market Insights Analyst.
Competitive Landscape
Some of the Leading Players Operating in the Global Market are:
• Xylem Inc
• Grundfos Holding A/S
• Flowserve Corporation
• Andritz Group
• Ebara Corporation
• KSB AG
• Sulzer Ltd
• Gorman Rupp Co.
• Franklin Electric
• ITT Inc
Important Developments by Key Players:
• In June 2023, Cordonel®, an innovative ultrasonic C&I water meter from Sensus, a Xylem brand, which features a patented technology that measures low-to-high-volume flow with proven accuracy. The unique flow tube has three measurement channels to capture every drop and seamlessly integrates with the FlexNet®.
• In January 2023, Franklin Electric Series VI Pumps will now be packaged as FS Series.
Key Segmentation of Europe Water Pumps Market
By Capacity:
• Upto 2HP
• 2-5 HP
• 5-10 HP
• 10-15 HP
• 15-20 HP
• 20-30 HP
• Above 30 HP
By Product Type:
• Centrifugal Pump
• Single Stage
• Multi-Stage
• Axial & Mixed Flow
• Submersible
• Circulator
• Positive Displacement
• Reciprocating
• Rotary
By End Use Sector:
• Centrifugal Pump
• Domestic
• Agriculture & Irrigation
• Mining
• Water & Wastewater
• Oil & Gas
• Other Industrial
• Positive Displacement
• Oil & Gas
• Chemical
• Water & Wastewater
• Pulp & Paper
• Power
• Other Industrial
By Country:
• Germany
• Italy
• France
• The United Kingdom
• Spain
• BENELUX
• Russia
• Poland
• Rest of Europe

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Food Certification Market to see Booming Business Sentiments
The food certification market is expected to grow from US$ 11,053.9 million in 2024 to US$ 28,405.7 million by 2034. Over the forecast period, food certification demand will likely rise at 10.4% CAGR.
In an era where consumers prioritize safety, quality, and sustainability, food certifications stand as a beacon of assurance. The demand for certified products, ranging from organic and non-GMO to fair trade, gluten-free, and animal welfare, is witnessing a significant upswing.
Certification bodies are adapting to this surge by tailoring programs to meet diverse consumer needs, while stringent regulations are being implemented globally to uphold food safety standards. The market is experiencing robust growth as countries worldwide embrace certification programs, leveraging technological advancements like blockchain to enhance transparency in the food supply chain.
As processed and convenient foods gain prominence and e-commerce becomes integral to our lives, the importance of food certification is further underscored. The rise of online food delivery platforms emphasizes the need for certified products that consumers can trust.
The demand for halal and ‘free-from’ certified food is a notable driver, prompting companies to adopt rigorous certification methods. This not only aligns with consumer preferences but also establishes and maintains trust in the food industry.
The market’s trajectory points towards continued growth, fueled by the global expansion of the food sector and a rising demand for halal products, particularly in Middle Eastern countries.
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Key Takeaways:
In 2024, the United States held a prominent share of 8.6% in the food certification market. The country faces challenges related to foodborne illnesses, with 48 million cases recorded annually and nearly 128,000 hospitalizations. Increased adoption of processed meat products has led to fraud cases.
Japan is expected to have a growth opportunity in the food certification market, holding over 4.1% of the global market share. The increasing demand for organic food has led to the initiation of certification programs by governing bodies. The growing awareness of clean-label ingredient food and strict regulations imposed by food regulatory bodies contribute to the market’s growth in Japan.
In India, the food certification market is driven by the clean-label food movement, increasing health awareness, and the rise in demand for kosher and halal food certification. The prevalence of foodborne diseases in the country has created a need for food certification, with India having a high number of reported cases.
China’s food certification market is anticipated to expand by 11.2% in the next decade. The expansion of food infrastructure and the rising demand for processed meat contributes to the increasing need for food certification. The country has experienced outbreaks of foodborne diseases, leading to strict norms and regulations imposed by regulatory bodies.
Free from certifications, ISO 22000 is expected to gain traction in the food certification market, holding 11.2% of the market value share. The increasing demand for organic and natural products, along with government initiatives and clean-label food awareness, drives the need for certification.
Among the primary applications in the food certification market, bakery and confectionery products hold a significant share of 12.8%. Certification programs ensure the quality, safety, and integrity of these products, assuring consumers.
Competitive Landscape
Bureau Veritas, Eurofins Scientific, Intertek Group PLC, SGS Group, and NSF International are some of the prominent competitors in this sector. Mergers and acquisitions are also allowing these big businesses to maintain their dominance over other regional competitors in the market. For example,
• In September 2021, Bureau Veritas purchased AET France, a testing company established in France that provides product development and other testing services to consumers.
• Intertek Group PLC is going to launch a new vegan food certification mark in September 2022 to assure complete trust in product claims. The Intertek Vegan Certification is meant to examine the suitability of food products for vegan and plant-based customers.
Food Certification Market by Category
By Type:
• BRC Food
• IFS Food
• ISO 22000
• FSSC 22000
• HACCP
• Global GAP
• Organic
• Kosher
• Halal
• Others
By Application Type:
• Bakery & Confectionery
• Dairy Products
• Processed & Packaged Food
• Infant Food
• Alcoholic & Non-alcoholic Beverages
• Functional Food
• Meat & Poultry Products
• Seafood
By Region:
• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• The Middle East & Africa (MEA)

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