NEW YORK, February 6, 2017 /PRNewswire/ --
The demand for water pumps across North America and Latin America continues to grow in parallel with the growth in the region's population. More households emerging in countries such as the US, Canada, Brazil or Mexico will certainly require water pumps for domestic purposes. Concurrently, agricultural, administrative and industrial sector in these regions will also adopt such pumps to keep up with the surging demands of consumers. Water pumps being deployed in the residential sector of North America and Latin America are projected to grow as municipalities & county authorities from this region will strive to improve their drinking water facilitation and upgrade the wastewater treatment plants.
(Logo: http://photos.prnewswire.com/prnh/20161114/438683LOGO )
Nevertheless, a recent study developed by Persistence Market Research projects that revenues garnered from sales of water pumps across Latin America and North America will soar at a moderate CAGR of 4% over an eight-year forecast period. After amassing an estimated US$ 9,422.9 million revenues in 2016, the water pumps market in North America and Latin America is anticipated to reach a valuation of US$ 13,412 .8 million by the end of 2024.
View full North America & Latin America's Water Pump Market overview@ http://www.persistencemarketresearch.com/market-research/frozen-pastries-market.asp
Key Deterrents for Adoption of Water Pumps in North & Latin America
View Report Table of Contents, Figures, and Tables@ http://www.persistencemarketresearch.com/market-research/north-and-latin-america-water-pumps-market/toc
In the report, titled "North and Latin America Market Study on Water Pumps: Centrifugal Pumps Poised to be the Dominant Segment During 2016 - 2024," Persistence Market Research predicts that more than 90% of water pump revenues in Latin America and North America will be accounted by sales of centrifugal pumps. While over 936 thousand units of positive displacement pumps are estimated to be sold in the Americas during the forecast period, sales of centrifugal pumps will be raking in revenues worth over US$ 12 billion by the end of 2024. In 2016, centrifugal pumps worth nearly US$ 3 billion were estimated to be consumed by wastewater and water treatment plants across North America and Latin America. Oil and gas industries in this region have been predicted to have consumed over 200 thousand units of positive displacement pumps in 2016.
A sample of this report is available upon request@ http://www.persistencemarketresearch.com/samples/13618
Compared to Latin America, North America will continue to have a large share in their collective regional market for water pumps. In 2016, the US water pumps market accounted for more than two-third of North America's water pump revenues, while Brazil and Mexico attributed to more than 50% growth in Latin America's water pumps revenues. US-based companies Xylem Inc. and Flowserve Corporation are the leading native players in North America and Latin America's water pumps market. The market will continue to witness higher participation from European water pump manufacturers such as KSB AG, Weir Group Plc., Grundfos, and Sulzer AG. Japanese water pump manufacturer, Ebara Corp is also observed to be a key participant as the company has established two manufacturing plants in North America and one in Latin America.
PMR Overview
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Share this article