North & Latin America Water Pumps Market With Top Companies KSB AG, Ruhrpumpen, Flowserve Corporation, Kirloskar

A pump is a mechanical device that moves fluids by mechanical action. Centrifugal pumps are special type of mechanical pumps that are used in transportation of liquid of various types. Centrifugal pumps find applications in agricultural and domestic purposes. The operation of this pump, as the name suggests, is based on centrifugal force, where it converts rotational kinetic energy provided by electric motor, gasoline motor or steam turbine into hydrodynamic energy of the moving liquid that is being pumped. Centrifugal pump is extensively used in different industries due to design simplicity, smooth rate flow, ease of maintenance, wide range of capacity, and operational efficiency. The minimum range of pump can be 0.125 horsepower to 5000 horsepower. It is used in agricultural, domestic, and industrial applications.

North & Latin America Water Pumps market is estimated to account for US$ 10,698.4 Mn in terms of value by the end of 2019.

𝑻𝒉𝒆 𝒎𝒂𝒊𝒏 𝒌𝒆𝒚 𝒑𝒍𝒂𝒚𝒆𝒓𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒊𝒏𝒅𝒖𝒔𝒕𝒓𝒚 𝒂𝒓𝒆-
KSB AG, Ruhrpumpen Group, Flowserve Corporation, Kirloskar Brothers Limited, Sulzer AG, Xylem Inc., Ebara Corporation, Wilo SE, GRUNDFOS, and The Weir Group PLC.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐍𝐨𝐰 𝐰𝐢𝐭𝐡 𝐒𝐨𝐦𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬!
https://www.coherentmarketinsights.com/insight/request-sample/3291
**𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐓𝐎𝐂,𝐟𝐢𝐠𝐮𝐫𝐞𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐫𝐭+𝟑𝟎 𝐦𝐢𝐧𝐮𝐭𝐞𝐬 𝐨𝐟 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧

Market Dynamics- Drivers

Constant demand from oil & gas and mining industries is expected to drive growth of the North & Latin America water pumps market during the forecast period
Oil & gas industries based in countries such as the U.S. Venezuela, Canada, and Mexico are the prominent end users of the water pumps. These pumps are used for exploration as well as refining activities. According to Coherent Market Insights’ analysis, in 2015-16, gross revenue contribution from oil & gas segment accounted for around 25% of overall revenues, of which around 40% share was in North and Latin America. Moreover, mining activities in the U.S. and Latin American countries such as Peru and Chile have supported the demand for water pumps, especially repair and maintenance of existing pumps. According to Coherent Market Insights’ analysis, Chile and Peru are expected to provide a combined capital expenditure opportunity involving pumps of around US$ 70 billion by end of the forecast period. Therefore, these factors are expected to boost the market growth over the forecast period.

Stringent energy and environment regulatory policies and legislation are expected to propel the North & Latin America water pumps market growth over the forecast period
The Minimum Energy Performance Standards (MEPS) policy has directed the use of motor driven units (MDUs) in the U.S., in order to optimize the use of intake energy during their operation to conserve energy. This has compelled users to update their existing system into energy efficient units. For instance, according to the International Energy Agency (IEA) 2014 policy, a motor-driven unit should be ideally designed to deliver energy savings in a range of 20-30%. Moreover, according to the United States Environment Protection Agency (USEPA), municipal wastewater and stormwater management agencies should deploy water pumps in targeted areas. This, in turn, is expected to support the market growth in the near future.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.coherentmarketinsights.com/insight/request-pdf/3291

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This release was published on openPR.