Latin America Industrial Pumps Market Size Worth $8,855.10 Million By 2032 | CAGR: 4.5%

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.

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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

Latin America Industrial Pumps Market Report Scope