Press release
North and Latin America Water Pumps Market Growth, Competitive Analysis, Future Prospects and Forecast 2031-PMR study
North and Latin America Water Pumps Market 2022 - 2027
The water pumps market in North America and Latin America is anticipated to reach a valuation of US$ 23.41 billion by the end of 2027, after amassing an estimated US$ 9.42 billion revenues in 2019. This growth is projected to occur at a moderate CAGR of 6% over the next eight years.
The water pumps market is growing at a fast pace due to the increasing demand for clean and safe drinking water. Water pumps are used to extract groundwater from wells or to pump water out of flooded areas. They are also used in various industrial applications, such as in cooling towers, air-conditioning systems, and fire-fighting systems.
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The North and Latin America Water Pumps Market is a rapidly growing sector with potential for further growth. The market is driven by numerous factors including the region's increasing population, urbanization, industrial growth, agricultural development, construction activities and the availability of natural resources such as water. This demand has led to an increase in investments in research and development to develop more efficient and reliable water pumps for the region. The North and Latin America Water Pumps Market is segmented into sub-markets based on product types, applications, end-users, distribution networks, etc.
Key Players-
• KSB AG
• Flowserve Corporation
• Sulzer AG
• Ebara Corporation
• GRUNDFOS
• The Weir Group PLC
• Wilo SE
• Xylem Inc.
• Kirloskar Brothers Limited
• Ruhrpumpen Group
• Others
The North and Latin America Water Pumps Market is driven by the need for reliable water supply systems in industrial, commercial and residential applications. Additionally, the North and Latin America Water Pumps Market is also influenced by government regulations related to water conservation and energy efficiency. Furthermore, North and Latin America Water Pumps Market is also supported by technological advancements such as the use of advanced materials, digital control systems and smart pumps.
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The North and Latin America Water Pumps Market will witness an increased demand from countries in North and South America, particularly from developing nations that are looking to invest in clean water infrastructure. This will further drive the North and Latin America Water Pumps Market. Additionally, growing investments in research and development to develop more efficient and reliable water pumps for the region will also contribute to the North and Latin America Water Pumps Market growth.
North And Latin America Water Pumps Market Segmentation
North And Latin America Water Pumps Market By Product Type - Centrifugal Pumps ( Single Stage Pumps, Multi Stage Pumps, Axial & Mixed Pumps, Submersible Pumps, Circulator Pumps ), Positive Displacement Pumps( Reciprocating Pumps, Rotary Pumps)
North And Latin America Water Pumps Market By Application - Centrifugal Pumps ( Domestic, Agriculture & Irrigation, Mining, Water treatment ( Industrial, Commercial), Waste Water Treatment ( Effluent Treatment, Sewage Treatment), Oil & Gas, Other Industrial
Positive Displacement Pumps, Oil & Gas, Chemical, Water & Wastewater, Power, Pulp & Paper, Others
North And Latin America Water Pumps Market By Countries - North America, U.S, Canada, Latin America, Argentina, Brazil, Mexico, Rest of Latin America
North And Latin America Water Pumps Market By Type - Small, Medium, High
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