Latin America Industrial Pumps Market Growth, Size, Trends, Share, Demand and Future Outlook
Latin America Industrial Pumps Market Size- By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2024 | Report ID: POAE2477 | Pages: 1 - 154 | Formats*: |
| Category : Power & Energy | |||
Latin America Industrial Pumps Market Introduction and Overview
According to SPER Market Research, the Latin America Industrial Pumps Market is estimated to reach USD 9508.3 million by 2033 with a CAGR 4.78%.
The report includes an in-depth analysis of the Latin America Industrial Pumps Market, including market size and trends, product mix, distribution channels, and supplier analysis. In the process industries, industrial pumps are used to regulate, control, and direct various materials such as liquids, vapors, slurries, and gases. To achieve effective flow control in industries including water and waste water, oil and power, food and beverage, chemicals, and others, they are mostly made of cast iron, stainless steel, carbon steel, and other high performance metal alloys.
- The submersible pump Wilo-Actun ZETOS flexible solution was introduced by Wilo SE in February 2022. Its purpose is to reduce the ecological imprint in Latin America while providing effective raw water intake, extraction and supply.
- Ebara Pumps Mexico, S.A. de C.V. (EPMX) was established by EBARA CORPORATION in May 2020 to sell, service, and support standard pumps in Mexico.
Market Opportunities and Challenges
Opportunities: Demand for industrial pumps has surged in numerous uses of renewable energy as nations seek out sustainable energy sources. Pumping systems that are dependable and efficient are necessary for fluid transfer, cooling, and water circulation in hydroelectric, solar, wind, and geothermal power projects. Infrastructure for renewable energy is expanding throughout Latin America as a result of growing awareness of the need to cut carbon emissions and switch to greener energy sources. The necessity for industrial pumps made especially to fulfill the requirements of these projects has consequently increased. Furthermore, Industrial pump technology has advanced dramatically, improving sustainability, dependability, and efficiency in a number of industries. the incorporation of the Industrial Internet of Things (IIoT) and smart technology into pump systems. Real-time data gathering and monitoring are made possible by smart pumps that come with sensors and networking functions.
Challenges: The growth and stability of the industrial pumps market in Latin America are affected by a number of major problems. Economic volatility in the region, which is typified by varying currencies and unequal rates of economic growth among the many countries, is one of the main problems. Investments in industrial infrastructure projects, which are essential for meeting the demand for industrial pumps, are frequently discouraged by this economic uncertainty. Further impeding market expansion is the uneasy investment climate caused by political unrest and regulatory uncertainty in some Latin American nations.
Market Competitive Landscape
The Industrial Pumps market in Latin America is moderately consolidated. Some of the market key players are Baker Hughes Company, Ebara Corporation, GRUNDFOS, ITT Inc., KSB SE & Co. KGaA, Ruhrpumpen Group, Schlumberger Ltd, Sulzer Ltd, Weir Group PLC, Wilo SE, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By End Use |
| Regions covered | Argentina, Brazil, Rest of Latin America. |
| Companies Covered | Baker Hughes Company, Ebara Corporation, GRUNDFOS, ITT Inc., KSB SE & Co. KGaA, Ruhrpumpen Group, Schlumberger Ltd, Sulzer Ltd, Weir Group PLC, Wilo SE, Others. |
COVID-19 Impact on Latin America Industrial Pumps Market
The COVID-19 outbreak caused significant disruptions in the industrial pumps industry in Latin America. At first, severe lockdowns and recessions reduced demand from important industries like manufacturing and oil and gas, and supply chains struggled with disruptions in the availability of raw materials and production capacity. Notwithstanding these obstacles, industries with varying effects on different industries-maintained demand, such as pharmaceuticals and water treatment. In the future, the recovery will depend on initiatives to revitalize the economy and sector-specific recoveries, which may be sparked by investments in infrastructure and a greater emphasis on operational resilience and efficiency.
Key Target Audience:
- Industrial Sector Managers
- Procurement and Supply Chain Managers
- Government Agencies and Regulatory Bodies
- Investors and Financial Analysts
- Research and Development Teams
Our in-depth analysis of the Latin America Industrial Pumps Market includes the following segments:
| By Type: |
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| By End Use: |
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Key Topics Covered in the Report:
- Latin America Industrial Pumps Market Size (FY’2024-FY’2033)
- Overview of Latin America Industrial Pumps Market
- Segmentation of Latin America Industrial Pumps Market By Type (Centrifugal Pump, Positive Displacement Pump, Dosing/Metering Pumps, Others)
- Segmentation of Latin America Industrial Pumps Market By End Use (Food, Beverage, Automotive, Pharmaceutical, Cosmetics, Pulp & Paper, Textile, Water & Wastewater Treatment, Metal & Mining, Chemical, Power Generation, Oil & Gas, Agriculture, and others)
- Statistical Snap of Latin America Industrial Pumps Market
- Expansion Analysis of Latin America Industrial Pumps Market
- Problems and Obstacles in Latin America Industrial Pumps Market
- Competitive Landscape in the Latin America Industrial Pumps Market
- Impact of COVID-19 and Demonetization on Latin America Industrial Pumps Market
- Details on Current Investment in Latin America Industrial Pumps Market
- Competitive Analysis of Latin America Industrial Pumps Market
- Prominent Players in the Latin America Industrial Pumps Market
- SWOT Analysis of Latin America Industrial Pumps Market
- Latin America Industrial Pumps Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Latin America Industrial Pumps Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Latin America Industrial Pumps Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Latin America Industrial Pumps Market
7. Latin America Industrial Pumps Market, By Type (USD Million) 2020-2033
7.1. Latin America Industrial Pumps Market Size, Share and Forecast, By Type, 2020-20267.2. Latin America Industrial Pumps Market Size, Share and Forecast, By Type, 2027-20337.3. Centrifugal Pump
7.3.1. Axial Flow Pump/Propeller Pump7.3.2. Radial Flow Pump7.3.3. Mixed Flow Pump
7.4. Positive Displacement Pump
7.4.1. Reciprocating Pump7.4.2. Rotary Pump
7.5. Dosing/Metering Pumps7.6. Others
8. Latin America Industrial Pumps Market, By End Use (USD Million) 2020-2033
8.1. Latin America Industrial Pumps Market Size, Share and Forecast, By End Use, 2020-20268.2. Latin America Industrial Pumps Market Size, Share and Forecast, By End Use, 2027-20338.3. Food8.4. Beverage8.5. Automotive8.6. Pharmaceutical8.7. Cosmetics8.8. Pulp & Paper8.9. Textile8.10. Water & Wastewater Treatment8.11. Metal & Mining8.12. Chemical8.13. Power Generation8.14. Oil & Gas8.15. Agriculture8.16. Others
9. Latin America Industrial Pumps Market Forecast, 2020-2033 (USD Million)
9.1. Latin America Industrial Pumps Market Size and Market Share
10. Latin America Industrial Pumps Market, By Region, 2020-2033 (USD Million)
10.1. Latin America Industrial Pumps Market Size and Market Share By Region (2020-2026)10.2. Latin America Industrial Pumps Market Size and Market Share By Region (2027-2033)10.3. Argentina10.4. Brazil10.5. Rest of Latin America
11. Company Profile
11.1. Baker Hughes Company
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. Ebara Corporation
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. GRUNDFOS
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. ITT Inc.
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. KSB SE & Co. KGaA
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Ruhrpumpen Group
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Schlumberger Ltd
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Sulzer Ltd
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Weir Group PLC
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Wilo SE
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Latin America Industrial Pumps Market is projected to reach USD 9508.3 million by 2033, growing at a CAGR of 4.78% during the forecast period.
Latin America Industrial Pumps Market grew in Market size from 2024. The Market is expected to reach USD 9508.3 million by 2033, at a CAGR of 4.78% during the forecast period.
Latin America Industrial Pumps Market CAGR of 4.78% during the forecast period.
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Latin America Industrial Pumps Market size is USD 9508.3 million from 2024 to 2033.
Latin America Industrial Pumps Market is covered By Type, By End Use.
The Latin America is anticipated to have the highest Market share in the Latin America Industrial Pumps Market.
The key players in the Market include Companies Covered Baker Hughes Company, Ebara Corporation, GRUNDFOS, ITT Inc., KSB SE & Co. KGaA, Ruhrpumpen Group, Schlumberger Ltd, Sulzer Ltd, Weir Group PLC, Wilo SE, Others.
Industrial pumps are used to regulate, control, and direct various materials such as liquids, vapors, slurries, and gases. To achieve effective flow control in industries including water and waste water, oil and power, food and beverage, chemicals, and others.
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