[Exclusive 200 Pages Report] : The global HVAC pump market size was US$ 30.1 billion in 2021. The global HVAC pump market is expected to grow to US$ 46.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.7% during the study period from 2022 to 2030.
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HVAC pumps or air conditioner pumps are employed to maintain the distribution system’s flow rate. Pumps are widely used to move water. HVAC pumps are integrated with a pump impeller connected to the shaft of a motor.
COVID-19 Impact Analysis
The demand for HVAC pumps lowered due to the havoc brought on by the COVID-19 disease outbreak. Various industries underwent critical loss. The global HVAC pumps market also recorded a dramatic drop in terms of revenue. Installation and servicing operations were mostly halted, which affected the global HVAC pump market.
Regional Analysis
The Asia-Pacific HVAC pump market is expected to record potential growth due to the rapidly rising use of air conditioners and heat removers. Authorities in China, India, and Japan are emphasizing the development of smart HVAC systems, which is expected to be opportunistic for the overall market during the analysis period.
The North American HVAC pump market will also exhibit a high growth rate throughout the projected period. The U.S., which is among the highly developed nations, is consistently evolving in terms of technological advancements. Governments across Canada, the U.S., and Mexico are also focusing on the use of smart HVAC systems. As a result, it will contribute to the growth of the HVAC pump market during the analysis period.
Factors Influencing the Market
The need for HVAC pumps is increasing as a result of the expanding usage of HVAC systems in manufacturing facilities, offices, hospitals, sports complexes, central heating/chilling plants, schools, buildings, and data centers. Furthermore, the market is anticipated to increase as a result of quick industrialization and growing consumer concern about energy-efficient air conditioning systems.
Additionally, the benefits of HVAC pumps, such as simple design, low operational and maintenance cost, high efficiency, and smooth flow will be beneficial for the HVAC pump market.
The stringent governmental norms aimed at stabilizing the cost-effective units will present potential prospects for the HVAC pumps. Apart from that, the huge oil & gas and chemical industrial applications and upscaling demand for air conditioning and heating devices across residential and commercial places are expected to contribute to the growth of the HVAC pump market during the analysis period.
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Competitors in the Market
Bard Manufacturing Company Inc.
KSB SE & Co
Kirloskar Brothers Limited
AURORA GmbH & Co. KG
Armstrong Air
WILO SE CNP Pumps India Pvt. Ltd
Torishima Pump Mfg. Co., Ltd.
Patterson Pump Company
C.R.I. Pumps Private Limited
Pentair Plc.
Other Prominent Players
Market Segmentation
The global HVAC pump market segmentation focuses on Product, End-User, Pump Type, and Region.
By Product Type
Single stage
Multi-stage
By End-User
Industrial
Residential
Commercial
By Pump Type
Booster pumps
Circulating pumps
Centrifugal pumps
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the chemical market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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