Latin America Pumps Market Report and Forecast 2025-2034
Description
The Latin America pumps market size was valued at USD 6.13 Billion in 2024. The market is estimated to grow at a CAGR of 2.70% during 2025-2034 to reach a value of USD 8.00 Billion by 2034.
According to the Latin America pumps market analysis, the region’s mining sector is flourishing. Latin America accounted for 40% of copper and 35% of lithium produced globally in 2021. The region also holds significant potential to produce graphite, manganese, nickel, and rare earth elements, with Brazil alone holding around 20% of global reserves for each of these resources. An expanding mining sector driven by the demand for these critical minerals aids the demand for pumps in the region. As mines are excavated, mining pumps are crucial in managing sub-surface water as well as to contain and dispose of liquid mine waste to prevent the contamination of local water bodies.
Further, technological advancements, governmental support, and the trend of energy transition, are driving the demand for solar power technology in Latin America, thus impacting the Latin America pumps market growth. Players in the market are investing in research to innovate their pumping technology and services and to provide reliable and efficient pumps for different power generation technologies, including conventional steam, biomass, nuclear, concentrated solar power, and geothermal. For instance, concentrated solar power plants generate electricity by collecting and concentrating sunlight with mirrors and lenses in a heat transfer fluid (HTF). By using a heat exchanger system, pumps transport the HTF and heat water to produce steam. The power block then generates electricity by using a steam turbine and a generator.
Market Segmentation
Latin America Pumps Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type:
Centrifugal Pumps
Positive Displacement Pumps
Market Breakup by End Use:
Oil and Gas
Water and Wastewater
Chemicals and Petrochemicals
Mining Industry
Power Generation
Others
Market Breakup by Country:
Brazil
Mexico
Argentina
Others
Competitive Landscape
The key players in the pumps market in Latin America are investing in research to develop advanced pumping technology to meet the demanding application of end-use markets.
ITT Inc.
Ebara Corporation
Flowserve Corporation
Grundfos Holding A/S
KSB Limited
Sulzer AG
The Weir Group PLC
Ruhrpumpen, Inc.
LEWA GmbH
Baker Hughes Company
Others
According to the Latin America pumps market analysis, the region’s mining sector is flourishing. Latin America accounted for 40% of copper and 35% of lithium produced globally in 2021. The region also holds significant potential to produce graphite, manganese, nickel, and rare earth elements, with Brazil alone holding around 20% of global reserves for each of these resources. An expanding mining sector driven by the demand for these critical minerals aids the demand for pumps in the region. As mines are excavated, mining pumps are crucial in managing sub-surface water as well as to contain and dispose of liquid mine waste to prevent the contamination of local water bodies.
Further, technological advancements, governmental support, and the trend of energy transition, are driving the demand for solar power technology in Latin America, thus impacting the Latin America pumps market growth. Players in the market are investing in research to innovate their pumping technology and services and to provide reliable and efficient pumps for different power generation technologies, including conventional steam, biomass, nuclear, concentrated solar power, and geothermal. For instance, concentrated solar power plants generate electricity by collecting and concentrating sunlight with mirrors and lenses in a heat transfer fluid (HTF). By using a heat exchanger system, pumps transport the HTF and heat water to produce steam. The power block then generates electricity by using a steam turbine and a generator.
Market Segmentation
Latin America Pumps Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type:
Centrifugal Pumps
Positive Displacement Pumps
Market Breakup by End Use:
Oil and Gas
Water and Wastewater
Chemicals and Petrochemicals
Mining Industry
Power Generation
Others
Market Breakup by Country:
Brazil
Mexico
Argentina
Others
Competitive Landscape
The key players in the pumps market in Latin America are investing in research to develop advanced pumping technology to meet the demanding application of end-use markets.
ITT Inc.
Ebara Corporation
Flowserve Corporation
Grundfos Holding A/S
KSB Limited
Sulzer AG
The Weir Group PLC
Ruhrpumpen, Inc.
LEWA GmbH
Baker Hughes Company
Others
Table of Contents
102 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Pumps Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Pumps Historical Market (2018-2024)
- 5.3 Global Pumps Market Forecast (2025-2034)
- 5.4 Global Pumps Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Latin America Pumps Market Overview
- 6.1 Key Industry Highlights
- 6.2 Latin America Pumps Historical Market (2018-2024)
- 6.3 Latin America Pumps Market Forecast (2025-2034)
- 7 Latin America Pumps Market by Type
- 7.1 Centrifugal Pumps
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Positive Displacement Pumps
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Latin America Pumps Market by End Use
- 8.1 Oil and Gas
- 8.1.1 Historical Trend (2018-2024)
- 8.1.1.1 Forecast Trend (2025-2034)
- 8.1.2 Water and Wastewater
- 8.1.2.1 Historical Trend (2018-2024)
- 8.1.2.2 Forecast Trend (2025-2034)
- 8.1.3 Chemicals and Petrochemicals
- 8.1.3.1 Historical Trend (2018-2024)
- 8.1.3.2 Forecast Trend (2025-2034)
- 8.1.4 Mining Industry
- 8.1.4.1 Historical Trend (2018-2024)
- 8.1.4.2 Forecast Trend (2025-2034)
- 8.1.5 Power Generation
- 8.1.5.1 Historical Trend (2018-2024)
- 8.1.5.2 Forecast Trend (2025-2034)
- 8.1.6 Others
- 9 Latin America Pumps Market by Country
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Mexico
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Argentina
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators of Demand
- 10.4 Key Indicators of Price
- 11 Trade Data Analysis (HS Code – 84135, 841370)
- 11.1 Major Importing Countries
- 11.1.1 By Volume
- 11.1.2 By Value
- 11.2 Major Exporting Countries
- 11.2.1 By Volume
- 11.2.2 By Value
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 ITT Inc.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Ebara Corporation
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Flowserve Corporation
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Grundfos Holding A/S
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 KSB Limited
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Sulzer AG
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 The Weir Group PLC
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Ruhrpumpen, Inc.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 LEWA GmbH
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Baker Hughes Company
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
Pricing
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