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)
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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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Mechanical Pump Market – By Stage
1.3.2 North America Mechanical Pump Market – By Type
1.3.3 North America Mechanical Pump Market – By Application
1.3.4 North America Mechanical Pump Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Mechanical Pump Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Mechanical Pump Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Mining Activities
5.1.2 Increasing Energy Demands
5.2 Market Restraints
5.2.1 Cavitation in Pumps
5.3 Market Opportunities
5.3.1 Growth in Construction Sector
5.4 Future Trends
5.4.1 Adoption of Modern Farming Practices
5.5 Impact Analysis of Drivers and Restraints
6. Mechanical Pump Market – North America Analysis
6.1 Mechanical Pump Market North America Overview
6.2 North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Mechanical Pump Market Analysis – By Stage
7.1 Overview
7.2 North America Mechanical Pump Market, By Stage (2020 and 2028)
7.3 Single Stage
7.3.1 Overview
7.3.2 Single Stage: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Multi Stage
7.4.1 Overview
7.4.2 Multi Stage: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Mechanical Pump Market Analysis – By Type
8.1 Overview
8.2 North America Mechanical Pump Market, By Type (2020 and 2028)
8.3 Positive Displacement
8.3.1 Overview
8.3.2 Positive Displacement: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Centrifugal Pumps
8.4.1 Overview
8.4.2 Centrifugal Pumps: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Mechanical Pump Market Analysis – By Application
9.1 Overview
9.2 North America Mechanical Pump Market Breakdown, by Application, 2020 & 2028
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial: North America Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: North America Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)
9.5 Residential
9.5.1 Overview
9.5.2 Residential: North America Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)
10. North America Mechanical Pump Market Mechanical Pump Market – Country Analysis
10.1 North America: Mechanical Pump Market
10.1.1 North America: Mechanical Pump Market, by Key Country
10.1.1.1 US: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Mechanical Pump Market, by Stage
10.1.1.1.2 US: Mechanical Pump Market, by Type
10.1.1.1.3 US: Mechanical Pump Market, by Application
10.1.1.2 Canada: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Mechanical Pump Market, by Stage
10.1.1.2.2 Canada: Mechanical Pump Market, by Type
10.1.1.2.3 Canada: Mechanical Pump Market, by Application
10.1.1.3 Mexico: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Mechanical Pump Market, by Stage
10.1.1.3.2 Mexico: Mechanical Pump Market, by Type
10.1.1.3.3 Mexico: Mechanical Pump Market, by Application
11. Impact of COVID-19 Pandemic on North America Mechanical Pump Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 EBARA CORPORATION
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Grundfos Holding A/S
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KIRLOSKAR BROTHERS LIMITED
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 KSB
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PLEUGER INDUSTRIES
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sulzer Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 The Weir Group PLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tsurumi Manufacturing Co., Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 WILO SE
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Xylem Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Mechanical Pump Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 3. US: Mechanical Pump Market, by Stage –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Mechanical Pump Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Mechanical Pump Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Mechanical Pump Market Segmentation
Figure 2. North America Mechanical Pump Market Segmentation – By Country
Figure 3. North America Mechanical Pump Market Overview
Figure 4. Single Stage Segment Held the Largest Market Share Based on Stage
Figure 5. Centrifugal Pumps Segment Held the Largest Market Share Based on Type
Figure 6. Industrial Segment Held the Largest Market Share Based on Application
Figure 7. US to Show Great Traction During Forecast Period
Figure 8. North America – Pest Analysis
Figure 9. Expert Opinion
Figure 10. North America Mechanical Pump Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Mechanical Pump Market Revenue Share, by Stage (2020 and 2028)
Figure 13. Single Stage: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Multi Stage: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Mechanical Pump Market Revenue Share, by Type (2020 and 2028)
Figure 16. Positive Displacement: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Centrifugal Pumps: North America Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Mechanical Pump Market Breakdown, by Application (2020 and 2028)
Figure 19. Industrial: North America Mechanical Pump Market Revenue and Forecast to 2028(US$ Million)
Figure 20. Commercial: North America Mechanical Pump Market Revenue and Forecast to 2028(US$ Million)
Figure 21. Residential: North America Mechanical Pump Market Revenue and Forecast to 2028(US$ Million)
Figure 22. North America: Mechanical Pump Market – Revenue by Country to 2028 (US$ Million)
Figure 23. North America: Mechanical Pump Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. US: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Canada: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic on Market in North American Countries
- 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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