South America Mechanical Pump Market Growth Opportunities and Forecast by 2028

The mechanical pump market in South America is expected to grow from US$ 1,589.96 million in 2021 to US$ 2,341.98 million by 2028; it is estimated to grow at a CAGR of 5.7% 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 region. 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.

In South America, Brazil has witnessed the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. The governments in SAM countries are imposing travel restrictions, lockdowns, and trade bans to contain the infection spread. The SARS-CoV-2 pandemic has severely affected the mechanical pump market growth in this region. However, recent relaxations in lockdown and the arrangement of large-scale vaccination drives would help the economies bounce back, allowing industries to regain their operations in the next few quarters of 2021.

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

South America Mechanical Pump Market Segmentation 

South America Mechanical Pump Market – By Stage

• Single Stage
• Multi Stage

South America Mechanical Pump Market – By Type

• Positive Displacement
• Centrifugal Pumps

South America Mechanical Pump Market – By Application

• Residential
• Commercial
• Industrial

South America Mechanical Pump Market– By Country

• Brazil
• Argentina
• Rest of South America

South America Mechanical Pump Market-Companies Mentioned

• EBARA CORPORATION
• Grundfos Holding A/S
• KSB SE & Co. KGaA
• PLEUGER INDUSTRIES
• Sulzer Ltd
• The Weir Group PLC
• Xylem Inc. 

South America Mechanical Pump Report Scope