South America Mechanical Pump Market

Market Introduction

Brazil, Argentina, and Chile are among the major contributors to the South American economy. Compared to the Caribbean and other eastern countries in the region, the western countries are more advanced. As a result, the western part of South America experiences more innovations and advancements, especially in automation technologies. The automotive manufacturing sector in South America is witnessing growth owing to the presence of many OEMs and automakers in the region. Brazil has a growing economy as well as a potentially large domestic market, with low vehicle ownership.  Moreover, the flourishing automotive production is supporting the growth of the mechanical pump market in the region. South America has the presence of major automakers, including General Motors, Volkswagen, Hyundai, Ford, Toyota, Peugeot, and Renault. The national regulatory bodies of various countries in the region have realized the importance of the automotive sector and are taking initiatives for the development of the same. For instance, the Brazilian government has formulated favorable trade investment policies to encourage private investments in the sector. The government has also made provisions to give investors exemption from customs duties and other taxes on the purchase of certain infrastructure and capital goods.

In South America, Brazil has witnessed the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. The governments in SAM countries are imposing travel restrictions, lockdowns, and trade bans to contain the infection spread. The SARS-CoV-2 pandemic has severely affected the mechanical pump market growth in this region. However, recent relaxations in lockdown and the arrangement of large-scale vaccination drives would help the economies bounce back, allowing industries to regain their operations in the next few quarters of 2021.

Market Overview and Dynamics

The mechanical pump market in South America is expected to grow from US$ 1,589.96 million in 2021 to US$ 2,341.98 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028. Rise in construction sector; construction sector is witnessing significant traction in several developing countries with growing investments in commercial as well as infrastructural and institutional development projects, such as bus stations, airports, railway stations, and educational institutions. The growth of this sector is majorly ascribed to the increasing urban population, backed by a rise in the standard of living. Also, the rise in commercial construction such as recreational centers, cinema halls, shopping malls, hospitals, sporting arenas, and office buildings is further propelling the proliferation of this sector. Emerging economies are taking various initiatives to boost industrialization by creating favorable business environments for international investors, alongside extending support for local manufacturing growth. Furthermore, several foreign players are relocating their manufacturing operations to developing countries to reap the benefits of low labor cost, which is further projected to propel industrial construction. Thus, with the steady rise in construction activities, the South America mechanical pump market is expected to grow further during the forecast period.

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 South 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 South 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 South 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 South America are company websites, annual reports, financial reports, national government documents, and statistical databases, among others. Major companies listed in the report are EBARA CORPORATION; Grundfos Holding A/S; KSB SE & Co. KGaA; PLEUGER INDUSTRIES; Sulzer Ltd; The Weir Group PLC; and Xylem Inc.; among others.

Reasons to buy report

• To understand the South 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 South America mechanical pump market
• Efficiently plan M&A and partnership deals in South America mechanical pump market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from a perceptive and comprehensive analysis of the market performance of various segments from South America mechanical pump market
• Obtain market revenue forecast for market by various segments from 2021-2028 in the South America region.

SOUTH AMERICA MECHANICAL PUMP MARKET SEGMENTATION

By Stage

• Single Stage
• Multi Stage

By Type

• Positive Displacement
• Centrifugal Pumps

By Application

• Residential
• Commercial
• Industrial

By Country

• Brazil
• Argentina
• Rest of South America

Company Profiles

• EBARA CORPORATION
• Grundfos Holding A/S
• KSB SE & Co. KGaA
• PLEUGER INDUSTRIES
• Sulzer Ltd
• The Weir Group PLC
• Xylem Inc. 

South America Mechanical Pump Market Strategic Insights

South America Mechanical Pump Market Segmentation Analysis

South America Mechanical Pump Market Report Highlights

South America Mechanical Pump Report Scope

South America Mechanical Pump Market Country and Regional Insights