PUBLISHER: Polaris Market Research | PRODUCT CODE: 1423984
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1423984
Latin America Industrial Pumps Market Share, Size, Trends, Industry Analysis Report, By Type (Centrifugal Pump, Positive Displacement Pump, Dosing/Metering Pumps, Others), By End-use, By Country, And Segment Forecasts, 2024 - 2032
The Latin America industrial pumps market size is expected to reach USD 8,855.10 million by 2032, according to a new study by Polaris Market Research. The report "Latin America Industrial Pumps Market Share, Size, Trends, Industry Analysis Report, By Type (Centrifugal Pump, Positive Displacement Pump, Dosing/Metering Pumps, Others), By End-use, By Country, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The industrial pumps in Latin America are experiencing rapid growth due to a surge in demand from major industries in the region. This growth can be attributed to the expansion of various industries, such as manufacturing, oil and gas, and water treatment, which require effective fluid handling systems. Industrial pumps play a crucial role in enabling activities like material transfer, cooling, and pressure regulation, which are essential for higher production and efficient operations.
Chemical industry relies heavily on pumps to handle chemicals effectively and safely. These pumps are used to move chemicals between storage tanks, transportation vessels, and various processing stages. The selection of a specific pump depends on several factors, such as the chemical's viscosity, temperature, and corrosiveness. Centrifugal, piston, diaphragm, and peristaltic pumps are some of the commonly used pump types in the chemical sector.
The increasing demand for industrial pumps is also a result of technological advancements and modernization within these industries, where advanced pumping systems are now necessary for cost-effective and efficient operations. Furthermore, the demand for industrial pumps is increasing due to the expansion of developing sectors, such as mining, construction, and renewable energy, in addition to traditional industries. Modern pumping systems are required to circulate coolants and heat transfer fluids in the wake of the growing emphasis on renewable energy sources such as solar and wind power. At the same time, the mining industry is expanding throughout Latin America, relying on industrial pumps to move slurries and dewater mines.
As the demand for pumps increases in various sectors, some market players are introducing advanced technologies to assist these industries. For instance, In April 2023, Tsurumi Pump launched Spanish-language social media channels targeting the Latin American construction, mining, wastewater, industrial, and rental pump markets, enhancing direct communication with customers and partners. The channels offer the latest news, job site reports, videos, engineering insights, and maintenance resources.
Latin America Industrial Pumps Market Report Highlights
Centrifugal industrial pumps held the largest share over the forecast period. The escalating need to supply and boost water pressure for a variety of activities is expected to drive the increased utilization of centrifugal pumps across multiple industries, including chemicals, metal production, marine, food, and beverage, among others. Manufacturers are actively focused on the introduction of innovative products to cater to this growing demand
Oil & gas end use industry led the market share as industrial pumps play a crucial role in every stage of oil and gas operations, facilitating the transfer of process fluids from one location to another. Centrifugal, positive displacement, diaphragm, oil transfer, and petrochemical pumps are vital components in the journey of oil, from extraction to storage. For instance, these pumps are instrumental in moving crude oil from storage tanks to pipelines. Mud pumps, on the other hand, circulate drilling mud into the annulus of a drill bit and then back to a storage tank for re-purification during drilling operations
The market players include Baker Hughes Company, Ebara Corporation, ITT Inc., The Weir Group PLC, Grundfos, Sulzer Ltd, KSB Ltd., Ruhrpumpen, Schlumberger Limited, WILO SE, IMBIL, Franklin Electric Co., Inc., Hidrostal Holding AG, Pulsafeeder, SEKO, ProMinent, and Ingersoll Rand
Polaris Market Research has segmented the Latin America industrial pumps market report based on type, end use, and country:
Industrial Pumps, Type Outlook (Revenue - USD Million, 2019 - 2032)
- Centrifugal Pump
- Axial Flow Pump/Propeller Pump
- Radial Flow Pump
- Mixed Flow Pump
- Positive Displacement Pump
- Reciprocating Pump
- Piston Pump
- Plunger Pump
- Diaphragm Pump
- Rotary Pump
- Screw Pump
- Gear Pump
- Dosing/Metering Pumps
- Others
Industrial Pumps, End Use Outlook (Revenue - USD Million, 2019 - 2032)
- Food
- Beverage
- Automotive
- Pharmaceutical
- Cosmetics
- Pulp & Paper
- Textile
- Water & Wastewater Treatment
- Metal & Mining
- Chemical
- Power Generation
- Oil & Gas
- Agriculture
- Others
Industrial Pumps, Country Outlook (Revenue - USD Million, 2019 - 2032)
- Brazil
- Argentina
- Mexico
- Chile
- Peru
- Columbia
- Ecuador
- Rest of LATAM
Table of Contents
Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Latin America Industrial Pumps Market Insights
- 4.1. Latin America Industrial Pumps Market - Industry Snapshot
- 4.2. Latin America Industrial Pumps Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing investments in renewable power generation along with technological advancements in industrial pumps
- 4.2.1.2. Rising demand of industrial pumps across various industries
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High maintenance and installation cost
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Latin America Industrial Pumps Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Latin America Industrial Pumps Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Latin America Industrial Pumps, by Type, 2019-2032 (USD Million)
- 5.3. Centrifugal Pump
- 5.3.1. Latin America Industrial Pumps Market, by Centrifugal Pump, 2019-2032 (USD Million)
- 5.3.2. Axial Flow Pump/Propeller Pump
- 5.3.2.1. Latin America Industrial Pumps Market, by Axial Flow Pump/Propeller Pump, 2019-2032 (USD Million)
- 5.3.3. Radial Flow Pump
- 5.3.3.1. Latin America Industrial Pumps Market, by Radial Flow Pump, 2019-2032 (USD Million)
- 5.3.4. Mixed Flow Pump
- 5.3.4.1. Latin America Industrial Pumps Market, by Mixed Flow Pump, 2019-2032 (USD Million)
- 5.4. Positive Displacement Pump
- 5.4.1. Latin America Industrial Pumps Market, by Positive Displacement Pump, 2019-2032 (USD Million)
- 5.4.2. Reciprocating Pump
- 5.4.2.1. Latin America Industrial Pumps Market, by Reciprocating Pump Pump, 2019-2032 (USD Million)
- 5.4.2.2. Piston Pump
- 5.4.2.2.1. Latin America Industrial Pumps Market, by Piston Pump, 2019-2032 (USD Million)
- 5.4.2.3. Plunger Pump
- 5.4.2.3.1. Latin America Industrial Pumps Market, by Plunger Pump, 2019-2032 (USD Million)
- 5.4.2.4. Diaphragm Pump
- 5.4.2.4.1. Latin America Industrial Pumps Market, by Diaphragm Pump, 2019-2032 (USD Million)
- 5.4.3. Rotary Pump
- 5.4.3.1. Latin America Industrial Pumps Market, by Rotary Pump, 2019-2032 (USD Million)
- 5.4.3.2 Screw Pump
- 5.4.3.2.1. Latin America Industrial Pumps Market, by Screw Pump, 2019-2032 (USD Million)
- 5.4.3.3 Gear Pump
- 5.4.3.3.1. Latin America Industrial Pumps Market, by Gear Pump, 2019-2032 (USD Million)
- 5.5. Dosing/Metering Pumps
- 5.5.1. Latin America Industrial Pumps Market, by Dosing/Metering Pumps, 2019-2032 (USD Million)
- 5.6. Others
- 5.6.1. Latin America Industrial Pumps Market, by Others, 2019-2032 (USD Million)
6. Latin America Industrial Pumps Market, by End Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- 6.3. Food
- 6.3.1. Latin America Industrial Pumps Market, by Food, 2019-2032 (USD Million)
- 6.4. Beverage
- 6.4.1. Latin America Industrial Pumps Market, by Beverage, 2019-2032 (USD Million)
- 6.5. Automotive
- 6.5.1. Latin America Industrial Pumps Market, by Automotive, 2019-2032 (USD Million)
- 6.6. Pharmaceutical
- 6.6.1. Latin America Industrial Pumps Market, by Pharmaceutical, 2019-2032 (USD Million)
- 6.7. Cosmetics
- 6.7.1. Latin America Industrial Pumps Market, by Cosmetics, 2019-2032 (USD Million)
- 6.8. Pulp & Paper
- 6.8.1. Latin America Industrial Pumps Market, by Pulp & Paper, 2019-2032 (USD Million)
- 6.9. Textile
- 6.9.1. Latin America Industrial Pumps Market, by Textile, 2019-2032 (USD Million)
- 6.10. Water & Wastewater Treatment
- 6.10.1. Latin America Industrial Pumps Market, by Water & Wastewater Treatment, 2019-2032 (USD Million)
- 6.11. Metal & Mining
- 6.11.1. Latin America Industrial Pumps Market, by Metal & Mining, 2019-2032 (USD Million)
- 6.12. Chemical
- 6.12.1. Latin America Industrial Pumps Market, by Chemical, 2019-2032 (USD Million)
- 6.13. Power Generation
- 6.13.1. Latin America Industrial Pumps Market, by Power Generation, 2019-2032 (USD Million)
- 6.14. Oil & Gas
- 6.14.1. Latin America Industrial Pumps Market, by Oil & Gas, 2019-2032 (USD Million)
- 6.15. Agriculture
- 6.15.1. Latin America Industrial Pumps Market, by Agriculture, 2019-2032 (USD Million)
- 6.16. Others
- 6.16.1. Latin America Industrial Pumps Market, by Others, 2019-2032 (USD Million)
7. Latin America Industrial Pumps Market, by Countries
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Latin America Industrial Pumps Market Assessment, By Countries, 2019-2032 (USD Million)
- 7.2.2. Latin America Industrial Pumps Market - Brazil
- 7.2.2.1. Brazil: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- 7.2.2.2. Brazil: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- 7.2.3. Latin America Industrial Pumps Market - Argentina
- 7.2.3.1. Argentina.: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- 7.2.3.2. Argentina.: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- 7.2.4. Latin America Industrial Pumps Market - Mexico
- 7.2.4.1. Mexico: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- 7.2.4.2. Mexico: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- 7.2.5. Latin America Industrial Pumps Market - Chile
- 7.2.5.1. Chile: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- 7.2.5.2. Chile: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- 7.2.6. Latin America Industrial Pumps Market - Peru
- 7.2.6.1. Peru: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- 7.2.6.2. Peru: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- 7.2.7. Latin America Industrial Pumps Market - Columbia
- 7.2.7.1. Columbia: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- 7.2.7.2. Columbia: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- 7.2.8. Latin America Industrial Pumps Market - Ecuador
- 7.2.8.1. Ecuador: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- 7.2.8.2. Ecuador: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- 7.2.9. Latin America Industrial Pumps Market - Rest of LATAM
- 7.2.9.1. Rest of LATAM: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- 7.2.9.2. Rest of LATAM: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Baker Hughes Company
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Type Benchmarking
- 9.1.4. Recent Development
- 9.2. Ebara Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Type Benchmarking
- 9.2.4. Recent Development
- 9.3. Franklin Electric Co., Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Type Benchmarking
- 9.3.4. Recent Development
- 9.4. Grundfos
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Type Benchmarking
- 9.4.4. Recent Development
- 9.5. Hidrostal Holding AG
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Type Benchmarking
- 9.5.4. Recent Development
- 9.6. IMBIL
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Type Benchmarking
- 9.6.4. Recent Development
- 9.7. Ingersoll Rand
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Type Benchmarking
- 9.7.4. Recent Development
- 9.8. ITT Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Type Benchmarking
- 9.8.4. Recent Development
- 9.9. KSB Ltd.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Type Benchmarking
- 9.9.4. Recent Development
- 9.10. ProMinent
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Type Benchmarking
- 9.10.4. Recent Development
- 9.11. Pulsafeeder
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Type Benchmarking
- 9.11.4. Recent Development
- 9.12. Ruhrpumpen
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Type Benchmarking
- 9.12.4. Recent Development
- 9.13. Schlumberger Limited
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Type Benchmarking
- 9.13.4. Recent Development
- 9.14. SEKO
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Type Benchmarking
- 9.14.4. Recent Development
- 9.15. Sulzer Ltd
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Type Benchmarking
- 9.15.4. Recent Development
- 9.16. The Weir Group PLC
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Type Benchmarking
- 9.16.4. Recent Development
- 9.17. WILO SE
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Type Benchmarking
- 9.17.4. Recent Development
List of Tables
- Table 1 Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 2 Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- Table 3 Latin America Industrial Pumps Market Assessment, By Countries, 2019-2032 (USD Million)
- Table 4 Brazil: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 5 Brazil: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- Table 6 Argentina.: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 7 Argentina.: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- Table 10 Mexico: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 11 Mexico: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- Table 12 Chile: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 13 Chile: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- Table 14 Peru: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 15 Peru: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- Table 16 Brazil: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 17 Brazil: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- Table 18 Columbia: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 19 Columbia: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- Table 20 Ecuador: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 21 Ecuador: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
- Table 22 Rest of LATAM: Latin America Industrial Pumps Market, by End Use, 2019-2032 (USD Million)
- Table 23 Rest of LATAM: Latin America Industrial Pumps Market, by Type, 2019-2032 (USD Million)
List of Figures
- Figure 1 Latin America Industrial Pumps Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by End Use
- Figure 7 Latin America Industrial Pumps Market, by End Use, 2022 & 2032 (USD Million)
- Figure 8 Market by Type
- Figure 9 Latin America Industrial Pumps Market, by Type, 2022 & 2032 (USD Million)
- Figure 10 Latin America Industrial Pumps Market Assessment, By Countries, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Latin America Industrial Pumps Market
