Market Overview

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.

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Market Dynamics

Constant demand from oil & gas and mining industries is expected to drive growth of the North & Latin America water pumps market and 2. Stringent energy and environment regulatory policies and legislation the major factors that are expected to propel the North & Latin America water pumps market growth.

However, significant drop in capital expenditure across industrial sectors is expected to restrain growth of the North & Latin America water pumps market during the forecast period

Detailed Segmentation:

Market Taxonomy:

By Type

Centrifugal Pump

Type Centrifugal Pump

Single Stage

Multi Stage

Axial & Mixed

Submersible

Circulator

Application Centrifugal Pump

Domestic

Water Treatment (Industrial, commercial)

Agriculture & Irrigation

Mining

Wastewater Treatment (E.T.P., S.T.P.)

Oil & Gas

Other Industrial

Positive Displacement Pump

Type Positive Displacement Pump

Reciprocating

Rotary



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Key players operating in the North & Latin America water pumps market are KSB AG, Ruhrpumpen Group, Flowserve Corporation, Kirloskar Brothers Limited, Sulzer AG, Xylem Inc., Ebara Corporation, Wilo SE, GRUNDFOS, and The Weir Group PLC.

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