The North and Latin America water pumps market comprises pumps that circulate, distribute and deliver water in several residential, commercial, and industrial applications. Various types of water pumps utilized in the region include centrifugal pumps, positive displacement pumps, and roof-based pumps. The rising construction spending, primarily in countries like the U.S, Canada, Brazil and Mexico, has augmented the adoption of water pumps across municipal and domestic facilities. Also, increasing initiatives to expand agricultural irrigation are boosting the sales of agro-based water pumps.

North and Latin America Water Pumps Market is estimated to be valued at US$ 12.72 Bn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the North and Latin America water pumps market are KSB AG, Ruhrpumpen Group, Flowserve Corporation, Kirloskar Brothers Limited, Sulzer AG, Xylem Inc., Ebara Corporation, Wilo SE, GRUNDFOS, and The Weir Group PLC. These players are focusing on new product innovations and mergers & acquisitions to strengthen their market presence.

There is a high demand for North And Latin America Water Pumps Market Demand the agricultural, residential, municipal and industrial sectors in the region. Rapid urbanization along with the rising focus on water & wastewater management infrastructure development provides significant opportunities for market players.

Several North and Latin American manufacturers are also exploring opportunities in international markets through joint ventures and expansion of their distribution networks in countries across Asia Pacific and the Middle East. This allows them to further cement their position in the global water pumps industry.

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