Latin America Positive Displacement Pumps Market Size & Outlook
Latin America positive displacement pumps market, 2018-2030 (US$M)
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Latin America positive displacement pumps market highlights
- The Latin America positive displacement pumps market generated a revenue of USD 1,359.3 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, rotary was the largest revenue generating type in 2023.
- Reciprocating is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,359.3 million |
| Market revenue in 2030 | USD 1,911.3 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Rotary |
| Fastest growing segment | Reciprocating |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotary, Reciprocating |
| Key market players worldwide | Ingersoll Rand Inc, SPX FLOW, Alfa Laval AB, IDEX Corp, Grundfos, Schlumberger Ltd, Weir Group PLC, KSB SE & Co KGaA, Sulzer AG, Flowserve Corp, Dover Corp, NOV Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.1% of the global positive displacement pumps market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,340.2 million by 2030.
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Positive Displacement Pumps Market Scope
Positive Displacement Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America positive displacement 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 positive displacement pumps market will help companies and investors design strategic landscapes.
Rotary was the largest segment with a revenue share of 56.65% in 2023. Horizon Databook has segmented the Latin America positive displacement pumps market based on rotary, reciprocating covering the revenue growth of each sub-segment from 2018 to 2030.
The PD pumps market in CSA is mainly driven by the rising demand for the product in Brazil, Venezuela, and Argentina. The significant growth in end-use sectors such as oil & gas, food & beverages, and pharmaceuticals in this region are the major driver for the market in the region.
Over the past few years, Brazil has been experiencing stable governance and economic improvements. In additions, huge foreign investments in the oil & gas sector are resulting in a growing demand for PD pumps in the country. The market in the country is mainly driven by the new and upcoming projects.
The food & beverage and pharmaceutical industries are also witnessing significant growth owing to economic improvements, rising disposable incomes, and improving standards of living in the region. Demand for PD pumps in other economies of the region is also witnessing a growth trend similar to Brazil. The burgeoning end-use sectors in the region are predicted to propel the overall PD pumps market in the region.
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Our clientele includes a mix of positive displacement pumps market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America positive displacement pumps market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America positive displacement pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America positive displacement pumps market size, by country, 2018-2030 (US$M)
Latin America Positive Displacement Pumps Market Outlook Share, 2023 & 2030 (US$M)
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