We have an updated report [Version - 2024] available. Kindly sign up to get the sample of the report.
all report title image

The North And Latin America Water Pumps Market is estimated to account for US$ 11.6  Billion in terms of value by the end of 2022 and is expected to grow at a CAGR of 4.7% during the forecast period (2023-2030)

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 And Latin America Water Pumps Market: Regional Insights

North America held dominant position in the North And Latin America Water Pumps market in 2022, accounting for 81.2% share in terms of volume, followed Asia Pacific, and Europe respectively.

Figure 1: North And Latin America Water Pumps Market Share (%), By Region, 2022

NORTH AND LATIN AMERICA WATER PUMPS MARKET

North America has a mature water pumps market with established infrastructure and high adoption rates. The market size is significant, driven by industries such as municipal water supply, oil and gas, and wastewater management. The growth in North America is primarily driven by the need to upgrade aging water infrastructure, increasing investments in industrial development, and growing awareness regarding water conservation and efficient management.

Latin America represents a growing market for water pumps due to rapid industrialization, urbanization, and improving access to clean water. The market size is expanding, fueled by sectors like agriculture, mining, construction, and municipal water management. The growth in Latin America is driven by increasing investments in infrastructure development, government initiatives to improve water supply and sanitation facilities, and the rising demand for efficient water management systems in sectors such as agriculture and mining.

North And Latin America Water Pumps Market - Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic has caused disruptions in global supply chains due to lockdowns, travel restrictions, and reduced manufacturing activities. These disruptions might have affected the production, import, and distribution of water pumps in North and Latin America. Many construction projects, including residential, commercial, and infrastructure developments, experienced delays or cancellations due to the pandemic. This could have affected the demand for water pumps, as they are commonly used in construction activities, such as water supply systems, sewage systems, and drainage systems. Industries that heavily rely on water pumps, such as oil and gas, mining, and manufacturing, were also impacted by the pandemic. Reduced industrial activities and shutdowns might have resulted in a decline in the demand for water pumps in these sectors.

North And Latin America Water Pumps Market- Drivers:

Growing Agriculture Sector

Agriculture plays a significant role in the economies of North and Latin American countries. Water pumps are extensively used for irrigation purposes in agricultural activities, ensuring efficient water distribution and boosting crop yields. The expansion of the agricultural sector and the need for efficient water management contribute to the demand for water pumps.

On April 20, 2023, According to UN World Water Development Report 2022 70% of groundwater withdrawals, and even more in arid and semi-arid regions, are used in the agricultural production of food, fibres, livestock and industrial crops, and an estimated 38% of the lands equipped for irrigation is serviced by this resource.

Automobile Apllications

Water pumps play a crucial role in cooling the engines of various vehicles, including electric, hybrid, and internal combustion engine (ICE) vehicles. While the basic principles remain the same, there are some differences in the design and functionality of water pumps in different vehicle types.

In November 29, 2021 Dayco, a leading engine products and drive systems supplier for the automotive, industrial and aftermarket industries, is further expanding its thermal management portfolio with the introduction of electric water pumps (E-Pumps), for not only hybrid and electric vehicles (EV), but for selected traditional internal combustion engine (ICE) powered applications.

 North And Latin America Water Pumps Market- Opportunities:        

Water and Wastewater Treatment

With the increasing focus on water conservation and environmental sustainability, there is a growing need for water and wastewater treatment facilities. Water pumps are integral to these treatment processes, including water purification, desalination, and sewage treatment. The demand for efficient and reliable pumps for water and wastewater treatment presents a significant market opportunity.

In JULY.01.2021 In the United States, SUEZ has signed a series of water and wastewater treatment services contracts for total revenues of around €188 million, including a major operations and maintenance contract in Massachusetts, worth €137 million over 20 years.

Welding Consumables Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2022: US$ 11.6 Bn
Historical Data for: 2017 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 4.7% 2030 Value Projection: US$ 16.8 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Segments covered:
  • By Product Type: Centrifugal Pump (Single Stage, Multi Stage, Axial & Mixed, Submersible, Circulator), Positive Displacement Pump (Reciprocating, Rotary)
  • By Application: (Centrifugal Pump Application (Domestic, Water Treatment (Industrial, commercial), Agriculture & Irrigation, Mining, Wastewater Treatment (E.T.P., S.T.P.), Oil & Gas), Positive Displacement Pump Application (Chemical, Water & Wastewater, Power, Pulp & Paper, Oil & Gas, Others)
  • By Capacity: Small, Medium, High
Companies covered:

KSB AG, Ruhrpumpen Group, Flowserve Corporation, Kirloskar Brothers Limited, Sulzer AG, Xylem Inc., Ebara Corporation, Wilo SE, GRUNDFOS, and The Weir Group PLC.

Growth Drivers:
  • Growing Agriculture Sector 
  • Automobile Apllications
Restraints & Challenges:
  • High Initial Investment 
  • Limited Access to Electricity

Renewable Energy Applications

The shift towards renewable energy sources, such as solar and wind power, creates opportunities for water pump manufacturers. Renewable energy-powered water pumps offer a sustainable and cost-effective solution, particularly in remote areas without access to grid electricity. The market for solar-powered and wind-powered water pumps is expected to grow in North and Latin America.

In MARCH 27, 2023 In Cambodia, the agriculture sector employs up to 37 percent of the labour force and contributes to 21 percent of the country’s gross domestic product (GDP). Yet this key sector is also the most vulnerable to the impacts of climate change. The solar water pumps use sunlight to generate electricity and power a motor that draws water from either under the ground or from ponds, lakes, canals or rivers for household use and irrigation. These systems have an engine capacity of over 20 horsepower (hp) and are being implemented in three drought-prone communities in the Tonle Sap floodplain of Battambang and Kampong Thom provinces.

The North And Latin America Water Pumps Market was valued at US$  15.92 Billion in 2022 and is forecast to reach a value of US$ 24.92 Billion by 2030, exhibiting a CAGR of 5.91% between 2023 and 2030.

North And Latin America Water Pumps Market- Trends:

Replacement and Upgrading of Aging Infrastructure

Many countries in North and Latin America are dealing with aging water infrastructure systems that require replacement or upgrading. This has led to the replacement and installation of new water pumps, including more advanced and energy-efficient models.

Focus on Water Conservation

Energy efficiency has become a significant concern in the water pumps market. Governments and organizations are increasingly emphasizing the importance of energy-saving technologies to reduce operational costs and minimize environmental impact. This trend has led to the adoption of energy-efficient water pumps that consume less power while maintaining performance.

North And Latin America Water Pumps Market- Restraints:

High Initial Investment

Water pump systems require significant upfront investment, including the cost of pumps, infrastructure, installation, and maintenance. This high initial investment can act as a deterrent for potential buyers or investors, particularly in economically challenging times.

Limited Access to Electricity

In certain regions of North and Latin America, especially rural areas, limited access to a reliable electricity supply can hinder the adoption of water pumps. Lack of power infrastructure restricts the use of electric pumps, forcing individuals and communities to rely on alternative and often less efficient water pumping solutions.

Figure 2: North And Latin America Water Pumps Market Share (%), By Product Type, 2022

NORTH AND LATIN AMERICA WATER PUMPS MARKET

North And Latin America Water Pumps Market- Segmentation:

North And Latin America Water Pumps Market, By Product Type: (Centrifugal Pump (Single Stage, Multi Stage, Axial & Mixed, Submersible, Circulator), Positive Displacement Pump (Reciprocating, Rotary))

By Application: (Centrifugal Pump Application (Domestic, Water Treatment (Industrial, commercial), Agriculture & Irrigation, Mining, Wastewater Treatment (E.T.P., S.T.P.), Oil & Gas), Positive Displacement Pump Application (Chemical, Water & Wastewater, Power, Pulp & Paper, Oil & Gas, Others)

By Capacity: Small, Medium, High

Centrifugal pumps is a leading segment and are vital components in various industries, and their segment analysis reveals distinct characteristics and applications. The industrial sector relies heavily on centrifugal pumps for their ability to efficiently transport fluids such as water, chemicals, and petroleum products. In the oil and gas industry, centrifugal pumps are employed in upstream exploration and production processes, midstream transportation, and downstream refining and distribution activities. Additionally, centrifugal pumps find extensive use in the water and wastewater treatment sector, where they facilitate the movement and treatment of large volumes of water for domestic, commercial, and industrial purposes.

Positive displacement pumps are a crucial component in various industries, offering precise fluid transfer and superior efficiency. In the segment analysis of positive displacement pumps, their versatility and robustness stand out. These pumps find applications in sectors such as oil and gas, chemical processing, pharmaceuticals, food and beverage, and water treatment. With their ability to handle a wide range of viscosities and pressures, positive displacement pumps ensure reliable and consistent flow rates, making them ideal for both low and high-viscosity fluids.

North And Latin America Water Pumps Market: Key Developments

In May 24 2023 Xylem Inc. a leading global water technology company, announced it has completed its acquisition of Evoqua Water Technologies Corp. (“Evoqua"), a leader in mission-critical water treatment solutions and services, in an all-stock transaction valued at approximately $7.5 billion.

North And Latin America Water Pumps Market: Key Companies Insights

North And Latin America Water Pumps Market is highly competitive, owing to the rising launch of new technologies due to ongoing R&D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on a regional as well as global basis. Some of the key players are KSB AG, Ruhrpumpen Group, Flowserve Corporation, Kirloskar Brothers Limited, Sulzer AG, Xylem Inc., Ebara Corporation, Wilo SE, GRUNDFOS, and The Weir Group PLC.

*Definition: A water pump is a mechanical device designed to move water from one location to another. It is commonly used to transport water from a lower elevation to a higher elevation, or to circulate water within a closed system. Water pumps are used in a wide range of applications, including residential, commercial, agricultural, and industrial settings.

Frequently Asked Questions

North And Latin America Water Pumps Market size is estimated to be valued at US$ 11.6 Billion in 2022 and is expected to exhibit a CAGR of 4.7% between 2023 and 2030.

Major factor driving the growth of Market during the forecast period is Growing Agriculture Sector

Major factors hampering the growth of the Market during the forecast period is Environmental regulations

North America Water Pumps Market is expected to generate the highest revenue during the forecast period.

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now

Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

Request Discount
Logo

Reliability and Reputation

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Reliability and Reputation

27001:2022

Reliability and Reputation

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo