Reports
Sale
North America Pumps Market Size, Share, Growth, Forecast: By Type: Centrifugal Pumps, Positive Displacement Pumps; By End Use: Oil and Gas, Water and Wastewater, Chemicals and Petrochemicals, Mining Industry, Power Generation, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
North America Pumps Market Outlook
The North America pumps market size was valued at USD 16.40 billion in 2023. The market is further projected to grow at a CAGR of 3.0% between 2024 and 2032, reaching a value of USD 21.45 billion by 2032.
Key Takeaways
- As per industry reports, in December 2023, the crude oil production averaged 13.3 million barrels per day (b/d) in the United States, contributed by sustained productivity increases at new wells.
- Canada’s largest chemical manufacturing sector is based in Ontario. The province is home to over 800 chemical manufacturing establishments.
According to the North America pumps market analysis, advances in horizontal drilling and hydraulic fracturing technologies have increased the United States’ well productivity, enabling operators to extract more crude oil from new wells while maintaining the production of legacy wells. Pumps play a vital role in the oil and gas sector. They handle the transportation of the desired oil and gas product downstream and ensure the disposal of unwanted products produced by oil and gas wells. High-pressure (mobile) pumps are used in the well bore for the fracturing, stimulating, and cementing stages.
In the United States, wastewater treatment facilities process around 34 billion gallons of wastewater, annually. As per the North America pumps market report, centrifugal pumps are commonly deployed in wastewater treatment applications to produce enough velocity to move liquids through the system. These pumps can be easily installed and maintained. Pumps are also crucial components in the chemical manufacturing sector to transfer corrosive chemicals, acids, and alkalis.
Canada is a global mining powerhouse producing around 60 types of metals and minerals. The country possesses extensive mining expertise with 90% of the world’s leading mining companies operating in the country. Consequently, the country aids the demand for slurry pumps for the mining and mineral processing sectors to transport corrosive and abrasive tailings, minerals, ore, and slurries.
Market Segmentation
North America Pumps Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type
- Centrifugal Pumps
- Positive Displacement Pumps
Market Breakup by End Use
- Oil and Gas
- Water and Wastewater
- Chemicals and Petrochemicals
- Mining Industry
- Power Generation
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The key players in the pumps market in North America are producing high-quality pumps to help the end-use sectors efficiently transport materials such as oil and gas, minerals, water, and chemicals.
- ITT Inc.
- Ebara Corporation
- Flowserve Corporation
- Grundfos Holding A/S
- KSB Limited
- Sulzer AG
- The Weir Group PLC
- Schlumberger Limited
- Baker Hughes Company
- Xylem
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Pumps Market Overview
8.1 Key Industry Highlights
8.2 Global Pumps Historical Market (2018-2023)
8.3 Global Pumps Market Forecast (2024-2032)
8.4 Global Pumps Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Pumps Market Overview
9.1 Key Industry Highlights
9.2 North America Pumps Historical Market (2018-2023)
9.3 North America Pumps Market Forecast (2024-2032)
10 North America Pumps Market by Type
10.1 Centrifugal Pumps
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Positive Displacement Pumps
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America Pumps Market by End Use
11.1 Oil and Gas
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Water and Wastewater
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Chemicals and Petrochemicals
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Mining Industry
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Power Generation
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 North America Pumps Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code – 841350, 841370)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ITT Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Ebara Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Flowserve Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Grundfos Holding A/S
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 KSB Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Sulzer AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Weir Group PLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Schlumberger Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Baker Hughes Company
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Xylem
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Pumps Market: Key Industry Highlights, 2018 and 2032
2. North America Pumps Market: Key Industry Highlights, 2018 and 2032
3. North America Pumps Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Pumps Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Pumps Historical Market: Breakup by End Use (USD Billion), 2018-2023
6. North America Pumps Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7. North America Pumps Historical Market: Breakup by Country (USD Billion), 2018-2023
8. North America Pumps Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. North America Pumps Market Structure
Key Questions Answered in the Report
In 2023, the pumps market reached an approximate value of USD 16.40 billion.
The market is expected to grow at a CAGR of 3.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 21.45 billion by 2032.
Pumps are used to move fluids or gases from one location to another. This includes moving water for irrigation, pumping oil or gas for industrial processes, and moving air in vacuum cleaners.
In mechanical pumps, the gas present in a vacuum system is moved from a low-pressure to a higher-pressure area. The pump must simultaneously provide a finite pumping speed and compression to be efficient.
The major drivers of the market include a growing demand for water treatment facilities, the cruciality of pumps in various industries, and rising oil and gas drilling and exploration activities.
Key trends aiding market expansion include an expanding chemical manufacturing sector, rising demand for clean water, and growing demand for oil and gas to meet consumer’s need for energy security.
Major countries in the market are the United States of America and Canada.
The common types of pumps are centrifugal pumps, positive displacement pumps, and others.
Key players in the market are ITT Inc., Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, KSB Limited, Sulzer AG, The Weir Group PLC, Schlumberger Limited, Baker Hughes Company, Xylem, and others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER