Canada Industrial Pumps Market Size & Outlook, 2023-2030
Canada industrial pumps market, 2018-2030 (US$M)
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Canada industrial pumps market highlights
- The Canada industrial pumps market generated a revenue of USD 1,653.4 million in 2023 and is expected to reach USD 1,990.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.7% 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 1,653.4 million |
| Market revenue in 2030 | USD 1,990.5 million |
| Growth rate | 2.7% (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, Canada accounted for 3.8% 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 North America, U.S. industrial pumps market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,354.9 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 66.64% in 2023. Horizon Databook has segmented the Canada industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Trade Administration, U.S. Department of Commerce, Canada is the largest trading partner of the U.S., contributing around USD 1.6 trillion in bilateral trade and investments.
The recent economic aid package introduced by the government is likely to have a positive spillover effect on the economy with rising demand for Canadian products. Canada, being the fourth-largest oil producer and exporter in the world, exports most of its oil to the U.S.
The rising demand for oil & gas, driven by rising urbanization and industrialization, along with the increased demand for refined products from the petrochemical industry, is expected to have a positive impact on the growth of the industrial pumps market in the country.
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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 Canada industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into Canada industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada industrial pumps market size, by product, 2018-2030 (US$M)
Canada Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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