North America Mechanical Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Stage (Single Stage and Multi Stage), Type (Positive Displacement and Centrifugal Pumps), and Application (Industrial, Commercial, and Residential)

The mechanical pump market in North America is expected to grow from US$ 13,844.48 million in 2021 to US$ 19,164.93 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.

Minerals extracted from mines are widely used across industries such as chemicals and petrochemicals, power generation, healthcare and pharmaceuticals, manufacturing, and construction. Currently, iron ore, coal, gold, aluminum, and copper are the most mined minerals. Moreover, the cumulative revenue of top mining companies increased steadily during 2016–2019. However, in 2020, a fall in revenue was witnessed owing to the COVID-19 containment measures imposed across the world. In mining industries, an enormous volume of water is required in the transportation of ore and waste in slurries, mineral separation using chemical processes, suppression of dust during mineral processing, cooling systems around power generators, and dewatering of mines, among others, and mechanical pump play a vital role in these applications. Moreover, the demand for minerals is rising sustainably with the growing rate of urbanization and industrialization, as well as increasing demand for energy, which is propelling the adoption of mechanical pump, which is further anticipated to drive the market in North America.

Considering technological developments and the uptake of new technologies, North America has established itself as one of the leading regions. This factor is mainly attributed to favorable government policies that boost innovation and strengthen infrastructure capabilities. Hence, any impact on the growth of the industrial sector hampers the region's economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak. The unexpected emergence of COVID-19 and its subsequent impact on manufacturing slowdown, often known as the COVID-19 economic slump, has significantly impacted pump OEMs' North American operations in 2020. The drop in sales of mechanical pumps in North America has been attributed to the world's lowest oil prices, deterioration of US-China trade relations, closure of rigs by small oil companies, and colossal employment layoffs in both the US and Canada. The role of pump OEMs is projected to alter as end-users focus on enhancing the existing plant productivity and reducing operational expenditure. Pump manufacturers must expand their portfolio to include service-related solutions to find new growth opportunities.

North America Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)

North America Mechanical Pump Market Segmentation 

North America Mechanical Pump Market – By Stage

• Single Stage
• Multi Stage

North America Mechanical Pump Market – By Type

• Positive Displacement
• Centrifugal Pumps

North America Mechanical Pump Market – By Application

• Residential
• Commercial
• Industrial

North America Mechanical Pump Market– By Country

• US
• Canada
• Mexico

North America Mechanical Pump Market-Companies Mentioned

• EBARA CORPORATION
• Grundfos Holding A/S
• KIRLOSKAR BROTHERS LIMITED
• KSB SE & Co. KGaA
• PLEUGER INDUSTRIES
• Sulzer Ltd
• The Weir Group PLC
• Tsurumi Manufacturing Co., Ltd.
• WILO SE
• Xylem Inc. 

North America Mechanical Pump Report Scope

1. EBARA CORPORATION
2. Grundfos Holding A/S
3. KIRLOSKAR BROTHERS LIMITED
4. KSB SE & Co. KGaA
5. PLEUGER INDUSTRIES
6. Sulzer Ltd
7. The Weir Group PLC
8. Tsurumi Manufacturing Co., Ltd.
9. WILO SE
10. Xylem Inc. 

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Mechanical Pump Market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the North America Mechanical Pump Market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Mechanical Pump Market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution