Latin America is a region rich in natural resources. As such, the extractive industry plays a crucial role in the countries’ economies. Although the oil and gas industry drives pump sales as the largest end user, other industries such as power generation, water and wastewater, construction, chemical processes, food and beverage, pharmaceuticals, and metals and mining push sales as well. After a brutal decline in the region´s economy due to the COVID-19 pandemic, changes in each country´s legal frameworks and regulations are crucial to enable pump sales to rebound.
This report’s objective is to analyze trends within the pumps market. It includes growth drivers, restraints, and innovative opportunities that industry stakeholders need to know and take advantage of. Frost & Sullivan conducted detailed research to contextualize the study, examining pump end users and sub-products as well as significant circumstances within key Latin American countries. The study also analyzes the competitive environment and offers a quantitative forecast of each segment’s market size.
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