Argentina Industrial Pumps Market Size & Outlook
Argentina industrial pumps market, 2018-2030 (US$M)
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Argentina industrial pumps market highlights
- The Argentina industrial pumps market generated a revenue of USD 685.8 million in 2023 and is expected to reach USD 977.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, centrifugal pump was the largest revenue generating product in 2023.
- Positive Displacement Pump is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial pumps market data book summary
| Market revenue in 2023 | USD 685.8 million |
| Market revenue in 2030 | USD 977.2 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal Pump, Positive Displacement Pump |
| Key market players worldwide | Flowserve Corp, Sulzer AG, Pentair PLC, ITT Inc, Schlumberger Ltd, Ebara Corp, Weir Group PLC, Ingersoll Rand Inc, Grundfos |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.6% of the global industrial pumps market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil industrial pumps market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,031.0 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina industrial pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial pumps market will help companies and investors design strategic landscapes.
Centrifugal pump was the largest segment with a revenue share of 68.24% in 2023. Horizon Databook has segmented the Argentina industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina was already in economic turmoil before COVID-19 pandemic. The uncertainty about the restructuring of public debt was high and the economy was already in recession. According to the IMF, the economy contracted by 2.2% in 2019.
As per OECD estimates, Argentina's GDP growth was 3.7% in 2021 and is expected to be 2.5% in 2022. However, the country reported a GDP contraction of 9.9% in 2020 due to COVID-19 pandemic, as per the data provided by the World Bank.
During the pandemic, there was a lockdown in the country from 2020 to mid-2021, which caused a significant decline in the demand for industrial pumps as end-use industries were shut. However, from October 2021, end-use industries started operations in the country, which is expected to boost the sales of industrial pumps over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into Argentina industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina industrial pumps market size, by product, 2018-2030 (US$M)
Argentina Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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