| Product Code: ETC4941048 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
From 2023 to 2024, Serbia`s import trend for the pumps market experienced a growth rate of 6.57%, while the compound annual growth rate (CAGR) from 2020 to 2024 stood at -0.64%. This fluctuation may be attributed to shifts in demand dynamics or changes in trade policies impacting the market`s performance.
The Pumps market in Serbia is projected to grow at a exponential growth rate of 19.80% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Serbia Pumps Market Overview |
3.1 Serbia Country Macro Economic Indicators |
3.2 Serbia Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Serbia Pumps Market - Industry Life Cycle |
3.4 Serbia Pumps Market - Porter's Five Forces |
3.5 Serbia Pumps Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Serbia Pumps Market Revenues & Volume Share, By Position, 2021 & 2031F |
3.7 Serbia Pumps Market Revenues & Volume Share, By Driving Force, 2021 & 2031F |
3.8 Serbia Pumps Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.9 Serbia Pumps Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Serbia Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrial activities and infrastructure development in Serbia leading to higher demand for pumps. |
4.2.2 Growing focus on water and wastewater management driving the adoption of pumps. |
4.2.3 Government initiatives promoting energy efficiency and sustainability, boosting the market for efficient pumps. |
4.3 Market Restraints |
4.3.1 Economic instability or downturn affecting investments in infrastructure projects and industrial activities. |
4.3.2 Availability of low-cost alternatives impacting the demand for pumps. |
4.3.3 Technological advancements leading to the need for upgrades or replacements, affecting market growth. |
5 Serbia Pumps Market Trends |
6 Serbia Pumps Market Segmentations |
6.1 Serbia Pumps Market, By Product |
6.1.1 Overview and Analysis | 6.1.3 Serbia Pumps Market Revenues & Volume, By Portable, 2021-2031F |
6.1.3 Serbia Pumps Market Revenues & Volume, By Stationary, 2021-2031F |
6.2 Serbia Pumps Market, By Position |
6.2.1 Overview and Analysis |
6.2.2 Serbia Pumps Market Revenues & Volume, By Submersible, 2021-2031F |
6.2.3 Serbia Pumps Market Revenues & Volume, By Non-submersible, 2021-2031F |
6.3 Serbia Pumps Market, By Driving Force |
6.3.1 Overview and Analysis |
6.3.2 Serbia Pumps Market Revenues & Volume, By Engine Driven, 2021-2031F |
6.3.3 Serbia Pumps Market Revenues & Volume, By Electrical Driven, 2021-2031F |
6.4 Serbia Pumps Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Serbia Pumps Market Revenues & Volume, By Centrifugal Pumps, 2021-2031F |
6.4.3 Serbia Pumps Market Revenues & Volume, By Diaphragm Pumps, 2021-2031F |
6.5 Serbia Pumps Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Serbia Pumps Market Revenues & Volume, By Mining, 2021-2031F |
6.5.3 Serbia Pumps Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.5.4 Serbia Pumps Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.5.5 Serbia Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
6.5.6 Serbia Pumps Market Revenues & Volume, By Municipal, 2021-2031F |
7 Serbia Pumps Market Import-Export Trade Statistics |
7.1 Serbia Pumps Market Export to Major Countries |
7.2 Serbia Pumps Market Imports from Major Countries |
8 Serbia Pumps Market Key Performance Indicators |
8.1 Energy efficiency ratings of pumps in the market. |
8.2 Number of infrastructure projects in Serbia utilizing pumps. |
8.3 Adoption rate of smart and IoT-enabled pumps in the market. |
8.4 Number of water and wastewater treatment plants using advanced pump technologies. |
8.5 Investment in research and development for pump innovation. |
9 Serbia Pumps Market - Opportunity Assessment |
9.1 Serbia Pumps Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Serbia Pumps Market Opportunity Assessment, By Position, 2021 & 2031F |
9.3 Serbia Pumps Market Opportunity Assessment, By Driving Force, 2021 & 2031F |
9.4 Serbia Pumps Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.5 Serbia Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Serbia Pumps Market - Competitive Landscape |
10.1 Serbia Pumps Market Revenue Share, By Companies, 2024 |
10.2 Serbia Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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