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HVAC Pumps Market Size, Share & Industry Analysis, By Type (Centrifugal Pumps, Circulating Pumps, Booster Pumps), By Application (Residential, Commercial, Industrial) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106085 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

The HVAC pump is utilized to control the thermal aspects of the room space/building space. The thermal aspects refer to moisture and temperature that improves the air quality (AQ). These pumps are specifically utilized at manufacturing firms, office buildings, indoor rom spaces, sports complexes and others.


The major factors driving the growth of the global HVAC pumps market are, ever-growing industrialization, the necessity of pump in the HVAC system, accelerated utilization of cooling & heating devices and ever-growing demand for smart HVAC systems across the industrial, commercial and residential applications. Additionally, the smart system widens the opportunity for internet of things (IoT), artificial intelligence (AI) and other technology acceptance to monitor the working behaviours of pump, that is resulting in growth of the business. Moreover, the growing awareness regarding the health benefits is generating significant demand for HVAC pumps across applications.

Furthermore, the leading market participants have expanded their manufacturing facilities in order to cater the demand for centrifugal, circular and boosting pumps from the end-users. They are aiming to offer cost-effective pumps that in turn, is anticipated to expand their product offerings across the globe. For instance, Grundfos is offering low-maintenance circulator pumps that cut energy consumption by ~80 % with noise-free performance.

Conversely, in the wake of COVID-19 pandemic, the HVAC pumps market has seen downfall in the 1st and 2nd quarter of the year 2020 owing to, the low-demand from commercial, industrial and residential facilities. The governmental bodies have enforced the lockdown for several months that has indirectly affected the manufacturing operations, sales and installation of HVAV pumps across the globe. However, on a long-term basis, it is projected that the HVAC pumps shall play vital role in getting employees back to work from office, by safeguarding the indoor air quality (IAQ) level. That in turn, is anticipated to boost the installation of HVAC pumps in the future ahead. Additionally, the technology-centric opportunities in automating the HVAC systems are anticipated to reinforce the global HVAC pumps market growth in the forecast period.

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Key Market Driver -

• Prerequisite of HVAC pumps in the heating and cooling devices • Adoption of HVAC systems across applications

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Key Market Restraint -

• High initial investment cost of energy-efficient pumps


Key Players Covered:


Key players operating in the global HVAC Pumps market are Armstrong Fluid Technology, Pentair, C.R.I. Pumps Private Limited, Grundfos Holding A/S, Ruhrpumpen Group, Xylem, EBARA CORPORATION, Bard HVAC, Johnson Controls, WILO SE, KSB SE & Co. KGaA, Andritz, Danfoss A/S, Patterson Pump Company, Thermal Tech, Inc., Taco Comfort Solutions, Nickerson Company, Inc, Franklin Electric Co., Inc., ITT Inc., and others.

Regional Analysis


North America HVAC pump market is projected to witness highest market share in the forecast period. It is because, the U.S. being the developed country, is consistently improving in terms of technology that is encouraging the manufacturers to develop energy-efficient pumps. Additionally, the governmental bodies across Canada, U.S. and Mexico emphasizing on manufacturing smart HVAC system that in turn, is boosting the HVAC pumps demand. Moreover, the rising consciousness regarding the indoor air quality among the end-users is probable to fuel the growth of the HVAC pumps market in North America.

Asia Pacific market is projected to expand exponentially in the future ahead, as government of countries such as, Malaysia, India, China and others are continuously investing in commercial, residential and industrial sectors, that has propelled the demand for HVAC pumps in the region.

The stringent governmental norms in order to stabilize the cost-effective units is boosting the demand for HVAC pumps across the Europe. In addition to it, the presence of leading market participants is anticipated to propel the growth of the market. Considering the COVID-19 impact on European countries including, the U.K., Germany, France and others, the manufacturers are now witnessing growing installation of HVAC pumps. It is attributed to its healthy environmental effects across drastic environmental conditions.

With huge oil & gas and chemical industrial applications and rising demand for air conditioning and heating devices across the Middle East and Africa countries, the HVAC pumps installation is projected to bolster the market growth in the forecast period. Whereas the South America is exhibiting steady growth over the forecast period.

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Segmentation






















  ATTRIBUTE

  DETAILS

By Type



  • Centrifugal Pumps

  • Circulating Pumps

  • Booster Pumps



By Application



  • Residential

  • Commercial

  • Industrial



By Region



  • North America (U.S., Canada and Mexico)

  • Europe (U.K., Germany, Spain, Italy, France, Benelux, Nordics and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania and Rest of Asia Pacific)

  • Middle East & Africa (Israel, Turkey, GCC, North Africa, South Africa and Rest of the Middle East & Africa)

  • South America (Brazil, Argentina and Rest of South America)



Key Industry Developments



  • November 2019: WILO SE through its subsidiary, ‘WILO USA LLC’ acquired the assets of ‘American-Marsh Pumps’, the U.S. manufacturer of centrifugal pumps, fire protection equipment and vertical turbines. The acquisition is offering wide range of industry-leading products across industrial, commercial, fire protection and other markets in the U.S.

  • September 2019: Pentair introduced energy-efficient HVAC pumps product portfolio for applications across commercial building. With exceeding the pump efficiency standards of ‘U.S. Department of Energy (DOE), these newly introduced pumps are redesigned to deliver greater usability and durability for the end-operator.





  • Ongoing
  • 2023
  • 2019-2022

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