North America Mechanical Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Stage (Single Stage and Multi Stage), Type (Positive Displacement and Centrifugal Pumps), and Application (Industrial, Commercial, and Residential)
Market Introduction
The US, Canada, and Mexico are major contributors to the North America mechanical pump market. Mechanical pump use more motor torque on the forward (power) stroke and significantly less on the back stroke, which makes them among the most energy-efficient pumps on the market. Mechanical pump are among the most popular, reliable, and versatile pumps due to their low starting prices, low repair and maintenance expenses, and simple installation process, as well as their wide application range for pumping fluids with varying viscosities. As it is a highly fragmented market, price becomes a major competing factor for pump providers. Low-cost imports from companies in Asia Pacific further exacerbate competition in the mechanical pump market in North America. The increasing focus on advancements in the water and wastewater industry in the US and Canada is one of the main factors driving the mechanical pump market over a short term. The Canadian government is considering US$ 20 billion in expenditures to upgrade municipal water and wastewater infrastructure, as well as green infrastructure. The US have been prioritizing improvements in storm water and water reuse, and desalination systems. Mechanical pump are in high demand due to growing investments in the water and wastewater industry as they can handle and control any type of trash. This makes them useful in a variety of applications, including conveying and metering. In addition, a growing emphasis on quality, dependability, precision, etc., in important operations to achieve operational excellence contributing to the progress of the mechanical and hydraulic pump industries. In resource-rich countries, the energy and commodity cost stabilization is likely to boost the mechanical pump industry performance. Moreover, technological advancements, greater skilled workforce availability, and enhanced productivity serve as other positive indicators for the mechanical pump market growth. However, the political, policy-related, and economic uncertainties compel most North American manufacturers to taking a more cautious approach to investments and product expansions. This allows them to prepare for disruptions caused by geopolitical tensions, government policy uncertainty, financial market instabilities, and fierce competition in markets. Such business conditions limit the mechanical pump market growth in the region. However, based on North American economic growth trends, the market opportunity for mechanical pump appears to be favorable throughout the projected period, and producers will need to take advantage of the improving conditions.
Considering technological developments and the uptake of new technologies, North America has established itself as one of the leading regions. This factor is mainly attributed to favorable government policies that boost innovation and strengthen infrastructure capabilities. Hence, any impact on the growth of the industrial sector hampers the region's economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak. The unexpected emergence of COVID-19 and its subsequent impact on manufacturing slowdown, often known as the COVID-19 economic slump, has significantly impacted pump OEMs' North American operations in 2020. The drop in sales of mechanical pumps in North America has been attributed to the world's lowest oil prices, deterioration of US-China trade relations, closure of rigs by small oil companies, and colossal employment layoffs in both the US and Canada. The role of pump OEMs is projected to alter as end-users focus on enhancing the existing plant productivity and reducing operational expenditure. Pump manufacturers must expand their portfolio to include service-related solutions to find new growth opportunities.
Get more information on this report : 
Market Overview and Dynamics
The mechanical pump market in North America is expected to grow from US$ 13,844.48 million in 2021 to US$ 19,164.93 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. Increasing energy demands; currently, a majority of energy is being generated through conventional power plants, including coal-powered, gas-powered, nuclear, biogas-powered, and geothermal power plants. Water plays a key role in the electricity generation in these plants, as it is converted into steam to propel the turbines. Mechanical pump are used for circulating water in these power plants. Owing to the increase in population, industrialization, and urbanization across the region, the demand for energy is increasing at a high pace. As a result, several fossil fuel-powered power plants are being deployed across the region. Moreover, power generation from the renewable sources of energy is in a nascent stage and is majorly being emphasized in North America. Thus, the growing demand for energy, consequently escalating power generation activities, is boosting the North America mechanical pump market growth.
Key Market Segments
Based on stage, the mechanical pump market is segmented into single stage and multistage. In 2020, the single stage segment held the largest share North America mechanical pump market. Based on type, the mechanical pump market is categorized into positive displacement and centrifugal pumps. In 2020, the centrifugal pumps segment held the largest share North America mechanical pump market. Based on application, the mechanical pump market is segmented into residential, commercial, and industrial. In 2020, the industrial segment held the largest share North America mechanical pump market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the mechanical pump market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are EBARA CORPORATION; Grundfos Holding A/S; KIRLOSKAR BROTHERS LIMITED; KSB SE & Co. KGaA; PLEUGER INDUSTRIES; Sulzer Ltd; The Weir Group PLC; Tsurumi Manufacturing Co., Ltd.; WILO SE; and Xylem Inc.; among others.
Reasons to buy report
- To understand the North America mechanical pump market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America mechanical pump market
- Efficiently plan M&A and partnership deals in North America mechanical pump market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America mechanical pump market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
NORTH AMERICA MECHANICAL PUMP MARKET SEGMENTATION
By Stage
- Single Stage
- Multi Stage
By Type
- Positive Displacement
- Centrifugal Pumps
By Application
- Residential
- Commercial
- Industrial
By Country
- US
- Canada
- Mexico
Company Profiles
- EBARA CORPORATION
- Grundfos Holding A/S
- KIRLOSKAR BROTHERS LIMITED
- KSB SE & Co. KGaA
- PLEUGER INDUSTRIES
- Sulzer Ltd
- The Weir Group PLC
- Tsurumi Manufacturing Co., Ltd.
- WILO SE
- Xylem Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Mechanical Pump Market – By Stage
1.3.2 North America Mechanical Pump Market – By Type
1.3.3 North America Mechanical Pump Market – By Application
1.3.4 North America Mechanical Pump Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Mechanical Pump Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Mechanical Pump Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Mining Activities
5.1.2 Increasing Energy Demands
5.2 Market Restraints
5.2.1 Cavitation in Pumps
5.3 Market Opportunities
5.3.1 Growth in Construction Sector
5.4 Future Trends
5.4.1 Adoption of Modern Farming Practices
5.5 Impact Analysis of Drivers and Restraints
6. Mechanical Pump Market – North America Analysis
6.1 Mechanical Pump Market North America Overview
6.2 North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Mechanical Pump Market Analysis – By Stage
7.1 Overview
7.2 North America Mechanical Pump Market, By Stage (2020 and 2028)
7.3 Single Stage
7.3.1 Overview
7.3.2 Single Stage: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Multi Stage
7.4.1 Overview
7.4.2 Multi Stage: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Mechanical Pump Market Analysis – By Type
8.1 Overview
8.2 North America Mechanical Pump Market, By Type (2020 and 2028)
8.3 Positive Displacement
8.3.1 Overview
8.3.2 Positive Displacement: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Centrifugal Pumps
8.4.1 Overview
8.4.2 Centrifugal Pumps: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Mechanical Pump Market Analysis – By Application
9.1 Overview
9.2 North America Mechanical Pump Market Breakdown, by Application, 2020 & 2028
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial: North America Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: North America Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)
9.5 Residential
9.5.1 Overview
9.5.2 Residential: North America Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)
10. North America Mechanical Pump Market Mechanical Pump Market – Country Analysis
10.1 North America: Mechanical Pump Market
10.1.1 North America: Mechanical Pump Market, by Key Country
10.1.1.1 US: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Mechanical Pump Market, by Stage
10.1.1.1.2 US: Mechanical Pump Market, by Type
10.1.1.1.3 US: Mechanical Pump Market, by Application
10.1.1.2 Canada: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Mechanical Pump Market, by Stage
10.1.1.2.2 Canada: Mechanical Pump Market, by Type
10.1.1.2.3 Canada: Mechanical Pump Market, by Application
10.1.1.3 Mexico: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Mechanical Pump Market, by Stage
10.1.1.3.2 Mexico: Mechanical Pump Market, by Type
10.1.1.3.3 Mexico: Mechanical Pump Market, by Application
11. Impact of COVID-19 Pandemic on North America Mechanical Pump Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 EBARA CORPORATION
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Grundfos Holding A/S
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KIRLOSKAR BROTHERS LIMITED
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 KSB
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PLEUGER INDUSTRIES
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sulzer Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 The Weir Group PLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tsurumi Manufacturing Co., Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 WILO SE
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Xylem Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Mechanical Pump Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 3. US: Mechanical Pump Market, by Stage –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Mechanical Pump Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Mechanical Pump Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Mechanical Pump Market Segmentation
Figure 2. North America Mechanical Pump Market Segmentation – By Country
Figure 3. North America Mechanical Pump Market Overview
Figure 4. Single Stage Segment Held the Largest Market Share Based on Stage
Figure 5. Centrifugal Pumps Segment Held the Largest Market Share Based on Type
Figure 6. Industrial Segment Held the Largest Market Share Based on Application
Figure 7. US to Show Great Traction During Forecast Period
Figure 8. North America – Pest Analysis
Figure 9. Expert Opinion
Figure 10. North America Mechanical Pump Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Mechanical Pump Market Revenue Share, by Stage (2020 and 2028)
Figure 13. Single Stage: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Multi Stage: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Mechanical Pump Market Revenue Share, by Type (2020 and 2028)
Figure 16. Positive Displacement: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Centrifugal Pumps: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Mechanical Pump Market Breakdown, by Application (2020 and 2028)
Figure 19. Industrial: North America Mechanical Pump Market Revenue and Forecast to 2028(US$ Million)
Figure 20. Commercial: North America Mechanical Pump Market Revenue and Forecast to 2028(US$ Million)
Figure 21. Residential: North America Mechanical Pump Market Revenue and Forecast to 2028(US$ Million)
Figure 22. North America: Mechanical Pump Market – Revenue by Country to 2028 (US$ Million)
Figure 23. North America: Mechanical Pump Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. US: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Canada: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic on Market in North American Countries
- EBARA CORPORATION
- Grundfos Holding A/S
- KIRLOSKAR BROTHERS LIMITED
- KSB SE & Co. KGaA
- PLEUGER INDUSTRIES
- Sulzer Ltd
- The Weir Group PLC
- Tsurumi Manufacturing Co., Ltd.
- WILO SE
- Xylem Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Mechanical Pump Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Mechanical Pump Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Mechanical Pump Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution