The Latin America, Middle East and Africa Water Pump Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
A revolving impeller is used in centrifugal water pumps to propel water through the device. After then, the discharge flow is pressurized. All liquids, especially those with low viscosity, may be utilized with the centrifugal water pump. It is the perfect water pump for thin liquids and high flow rates.
This type of water pump has several benefits, including an increase in pressure from the intake line, a continuous pressure source that provides a fire protection system, the ability to circulate hot water in a closed system, an automatic switch controlled by the float, and the lack of a suction lift. This system performs best when the liquid is circulated to prevent overheating by low flows. Maintain the device to avoid suspended materials from damaging the impeller and minimize leaks around the long spinning shaft.
The water utilities would also be forced to implement cutting-edge wastewater management systems because of the growing economy and many enterprises. The regional market expansion would result from this. The United Arab Emirates is also widely known for having a strong economy. Although the UAE is home to several thriving businesses, the oil and gas sector propels the national economy. Abu Dhabi is one of the top energy producers in the world. The region's well-established oil and gas sector mostly meets water pump needs.
The Brazil market dominated the LAMEA Water Pump Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,408.6 Million by 2028. The Argentina market is experiencing a CAGR of 6.7% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 5.8% during (2022 - 2028).
Based on Type, the market is segmented into Centrifugal and Positive Displacement. Based on Driving Force, the market is segmented into Electric Driven and Engine Driven. Based on Application, the market is segmented into Oil & Gas, Water & Wastewater, Chemicals, Power Generation and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Water Pump Market is Projected to reach USD 71.7 Billion by 2028, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Atlas Copco AB, Baker Hughes Company, Flowserve Corporation, Grundfos Holding A/S, Sulzer Ltd., Ebara Corporation, Xylem, Inc., KSB SE & Co. KGaA, Kirloskar Brothers Limited (Kirloskar Group), and Husqvarna Group.
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