Latin America Industrial Pumps Market Size- By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Latin America Industrial Pumps Market Introduction and Overview
According to SPER market research, ‘Latin America Industrial Pumps Market Size – By Type, By End Use – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Latin America Industrial Pumps Market is predicted to reach USD 9508.3 million by 2033 with a CAGR of 4.78%.
Industrial pump demand has surged as a result of nations searching for sustainable energy sources in greater numbers. For fluid transfer, cooling, and water circulation in hydroelectric, solar, wind, and geothermal power projects, dependable and efficient pumping systems are critical.
The COVID-19 outbreak severely disrupted the industrial pump sector in Latin America. At first, supply chains experienced difficulties with raw material availability and production capacity. Severe lockdowns and recessions also reduced demand from important industries such as manufacturing and oil and gas.
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.
Latin America Industrial Pumps Market Segmentation:
By Type:Based on the Type, Latin America Industrial Pumps Market is segmented as; Centrifugal Pump, Positive Displacement Pump, Dosing/Metering Pumps, Others.
By End Use:Based on the End Use, Latin America Industrial Pumps Market is segmented as; Food, Beverage, Automotive, Pharmaceutical, Cosmetics, Pulp & Paper, Textile, Water & Wastewater Treatment, Metal & Mining, Chemical, Power Generation, Oil & Gas, Agriculture, and others.
By Region:This research includes data for Argentina, Brazil, Rest of Latin America.