Mexico Industrial Pumps Market Size & Outlook, 2023-2030
Mexico industrial pumps market, 2018-2030 (US$M)
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Mexico industrial pumps market highlights
- The Mexico industrial pumps market generated a revenue of USD 1,006.5 million in 2023 and is expected to reach USD 1,354.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.3% 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 1,006.5 million |
| Market revenue in 2030 | USD 1,354.9 million |
| Growth rate | 4.3% (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, Mexico accounted for 2.3% 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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Mexico 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 68.51% in 2023. Horizon Databook has segmented the Mexico 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 World Bank, Mexico is the second-largest economy in North America and the 15th largest economy in the world. Over the last few years, North America has witnessed economic volatility because of stringent trade policies by the U.S. on the import of Chinese goods.
This has adversely affected the regional growth on a macro-economic level and created favorable grounds for investments in Mexico. According to the IMF forecasts, the Mexican GDP contracted by 8.3% in 2020.
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Target buyers of Mexico industrial pumps market databook
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Our clientele includes a mix of industrial pumps market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 Mexico industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into Mexico industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico industrial pumps market size, by product, 2018-2030 (US$M)
Mexico Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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