Brazil Industrial Pumps Market Size & Outlook, 2023-2030
Brazil industrial pumps market, 2018-2030 (US$M)
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Brazil industrial pumps market highlights
- The Brazil industrial pumps market generated a revenue of USD 1,395.1 million in 2023 and is expected to reach USD 2,031.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.5% 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 1,395.1 million |
| Market revenue in 2030 | USD 2,031.0 million |
| Growth rate | 5.5% (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, Brazil accounted for 3.2% 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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Brazil 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 68.75% in 2023. Horizon Databook has segmented the Brazil industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the major developing economies in Central & South America. However, COVID-19 pandemic has triggered a deep recession in the country. Improving fiscal outcomes are a major challenge in the country owing to the high debt burden, which has been further worsened due to the pandemic.
During COVID-19 pandemic, various end-use industries, such as oil & gas, power, and chemicals, were shut down to control the spread of the virus, which, in turn, negatively impacted the industrial pumps market.
Strong monetary and fiscal policy measures in response to the pandemic have managed to avoid a sharper economic contraction in the country. According to the economic forecast published by the Organization for Economic Co-operation and Development (OECD) in December 2020, the GDP growth is expected to be 2.2% in 2022.
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Our clientele includes a mix of industrial pumps market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into Brazil industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil industrial pumps market size, by product, 2018-2030 (US$M)
Brazil Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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