At 2.5% CAGR, South & Central America Hydraulic Pumps Market is Projected to be Worth US$ 385.73 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South & Central America hydraulic pumps market was valued at US$ 316.43 million in 2022 and is expected to reach US$ 385.73 million by 2030, registering a CAGR of 2.5% from 2022 to 2030. Increasing demand for digital pumps and growing wastewater treatment projects are among the critical factors attributed to drive the South & Central America hydraulic pumps market growth.

Municipal wastewater treatment operations are continuously evolving to replace and upgrade aging infrastructure. Countries across the globe are sustainably investing in wastewater treatment activities, which is expected to create opportunities in the market. Piston pumps are widely used in wastewater treatment plants. These pumps move liquids through a cylinder or hose and then transfer high-viscosity liquids, such as pastes or sludges. The pump allows consistent collection and separation of solid waste from liquid. It effectively removes large debris and sediments throughout the wastewater treatment cycle, which is expected to increase its adoption in the near future. Growing number of wastewater treatment projects and increasing investment in wastewater treatment plants are expected to boost the global hydraulic pumps market growth during the forecast period. For instance, in the upcoming years, given the talk of potential privatizations, investments by Brazil's three biggest state-run water and sanitation companies are expected to increase dramatically. The three, Sanepar of Paraná, Copasa of Minas Gerais, and Sabesp of São Paulo, intend to raise their investments by about 48% to US$14 billion (68.3 billion reais) in 2024–28, from US$ 9.43 billion (46 billion reais) in their 2023–27 plans.

On the contrary, high cost and complexities associated with hydraulic pumps hurdle the growth of South & Central America hydraulic pumps market.

Based on type, the South & Central America hydraulic pumps market is segmented into gear pump, piston pump, and vane pump. The gear pump segment held 53.1% market share in 2022, amassing US$ 167.99 million. It is projected to garner US$ 212.12 million by 2030 to register 3.0% CAGR during 2022–2030.

In terms of application, the South & Central America hydraulic pumps market is segmented into construction, commercial vehicles, agriculture vehicles, aerospace, and others. The construction segment held 36.3% share of South & Central America hydraulic pumps market in 2022, amassing US$ 114.73 million. It is anticipated to garner US$ 144.19 million by 2030 to expand at 2.9% CAGR during 2022–2030.

Based on country, the South & Central America hydraulic pumps market is categorized Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 58.2% share of South & Central America hydraulic pumps market in 2022. It was assessed at US$ 184.19 million in 2022 and is likely to hit US$ 231.01 million by 2030, registering a CAGR of 2.9% during 2022–2030.

Key players operating in the South & Central America hydraulic pumps market are Bosch Rexroth Ltd, Danfoss LLC, Linde Hydraulics GmbH & Co KG, HYDAC International GmbH, Parker Hannifin Corp, Kawasaki Heavy Industries Ltd, Daikin Industries Ltd, and Bucher Hydraulics GmbH, among others.

• In 2023, Danfoss Power Solutions has introduced the latest in its H1 series of pumps and motors, the new H1F fixed-displacement bent-axis hydraulic motor. The new motor is designed for both open- and closed-circuit applications in agricultural, construction, and forestry machines.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com