Global HVAC Pumps Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global HVAC Pumps Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

There are several types of pumps used in HVAC heating & cooling systems, but the most common in use today is the centrifugal pump. The pumps' role is to provide sufficient pressure to move the fluid through the chiller and condenser water distribution system at the desired flow rate.

Market Overview:

The latest research study on the global HVAC Pumps market finds that the global HVAC Pumps market reached a value of USD 11324.55 million in 2022. It’s expected that the market will achieve USD 16675.0 million by 2028, exhibiting a CAGR of 6.66% during the forecast period.

Opportunities

Increasing spending power among the consumers is the important factor that provides a lucrative growth opportunity for the HVAC Pump market players.
Consumers' awareness of the importance and health benefits of HVAC Pump will be beneficial to the growth of the HVAC Pump market during the forecast period.
More and more HVAC systems are installed in manufacturing plants, offices, hospitals, stadiums, central heating/cooling plants, schools, buildings, data centers, and other places. The increasing demand for HVAC pumps is driving market growth. Rapid industrialization and increasing attention to efficient air conditioning systems are expected to drive the growth of the HVAC pump market during the forecast period.

Risk

High initial cost of energy efficient HVAC pumps may restrain the growth of the HVAC pump market.
Some companies do not collaborate with service providers or they don't take advantage of digitization as they don't have awareness for the same.
This industry is facing a fierce competition. Increases in players within the industry will pose a threat to existing market share.

Region Overview:

Asia-Pacific is projected to account for a considerable share of the HVAC Pumps market and is expected to become the largest region by 2028.

Company Overview:

Grundfos is one of the major players operating in the HVAC Pumps market, holding a share of 3.39% in 2023.

Grundfos

Grundfos is a global leader in advanced pump solutions and a trendsetter in water technology. Pumps are its business. Its energy-efficient pumps provide comfort, deliver drinking water, remove wastewater, or help farmers water their crops all over the world. Just to mention some of our expertise.

Wilo

Wilo is one of the world's leading manufacturers of pumps and pump systems for building services, the entire water management chain and industry. The company has its eyes firmly fixed on the future and is heavily involved in research and development.

Segmentation Overview:

By type, Single-stage segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global HVAC Pumps market covered in Chapter 3:

Torishima
Wilo
Ebara Corporation
Patterson Pump Company
CNP
Kirloskar Brothers Limited
Pentair
KSB
Armstrong Fluid Technology
CRI Pumps
Zoeller Pump Company
Taco Comfort Solutions
Shanghai Kaiquan
Bell & Gossett
Grundfos

In Chapter 4 and Chapter 14.2, on the basis of types, the HVAC Pumps market from 2018 to 2029 is primarily split into:

Single-stage
Multi-stage

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the HVAC Pumps market from 2018 to 2029 covers:

Residential
Commercial
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)