HVAC Pump Market Growth and Development Insight – Size, Share, Growth, and Industry Analysis | MarkNtel
5 min readMarkNtel Advisors recently published a detailed industry analysis of the HVAC Pump Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
HVAC Pump Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The HVAC Pump Market size is estimated to grow at a CAGR of around 5.82% during the forecast period, i.e., 2024-30.
What are the Major Driver of the HVAC Pump industry?
Increasing Investment in the Development of Data Centers – During the historical period, the expansion of data centers, owing to the digitalization of public and private organizations as well as the growing use of digital transactions, social media platforms, and IoT-based home appliances led to a substantial increase in data volume. This, in turn, prompted rapid and widespread growth of data centers on a global scale. For instance, Google planned to spend USD 9.5 Billion on new Google Data Centers in 2022. As a result, expansions of data centers have fueled heightened requirements for HVAC pumps to regulate temperature & maintain optimal conditions for the servers & other equipment.
Furthermore, the ongoing digital transformation in government & public offices in countries like the UAE, Saudi Arabia, India, Brazil, etc., has notably contributed to the need for localized data centers to maintain the privacy of government data. This is leading to the growing investment in the development of data centers in recent years by the governments to cater to the cloud service needs of the government & enterprises. Thus, this notably boosts the demand for HVAC pumps, essential for efficient temperature regulation in these expanding digital infrastructures.
Additionally, the globe is witnessing a growing rollout of the 5G network, which is estimated to bring a surge in data consumption and connectivity demands in the forecast period. For instance, in 2023, in India CRISIL rating stated that average data usage per subscriber per month is expected to rise to about 28-30 GB by 2025 from around 20 GB at present. As a result, there would be higher requirements for data centers, thereby propelling the demand for HVAC pumps in the upcoming years.
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/hvac-pump-market.html
What segments define the HVAC Pump market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Type
- Split Case- Market Size & Forecast 2019-2030F, (USD Million)
- Inline- Market Size & Forecast 2019-2030F, (USD Million)
- End Suction- Market Size & Forecast 2019-2030F, (USD Million)
- Others- Market Size & Forecast 2019-2030F, (USD Million)
According to report, Based on type, split case pumps witnessed a substantial share in the Global HVAC Pump Market during historical years.
- By Application
- Residential- Market Size & Forecast 2019-2030F, (USD Million)
- Commercial- Market Size & Forecast 2019-2030F, (USD Million)
- Industrial- Market Size & Forecast 2019-2030F, (USD Million)
- Oil & Gas- Market Size & Forecast 2019-2030F, (USD Million)
- Power- Market Size & Forecast 2019-2030F, (USD Million)
- Chemicals & Petrochemicals- Market Size & Forecast 2019-2030F, (USD Million)
- Mining- Market Size & Forecast 2019-2030F, (USD Million)
- Food & Beverages- Market Size & Forecast 2019-2030F, (USD Million)
- Others (Pharmaceuticals, etc.)- Market Size & Forecast 2019-2030F, (USD Million)
According to report, The industrial segment commands a significant market share, driven by the increased deployment of HVAC systems in various industrial sectors, including oil & gas, power, chemical & petrochemicals, etc.
Explore the Complete HVAC Pump Market Analysis Report – https://www.marknteladvisors.com/research-library/hvac-pump-market.html
Geographical Analysis: HVAC Pump Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
HVAC Pump Market Share & Competitive Landscape:
The HVAC Pump Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the HVAC Pump Market are:
- Grundfos
- Wilo SE
- KSB Limited
- Kirloskar Brothers Limited
- Pentair
- Xylem Inc.
- Sulzer
- Facility Portfolio
- CNP India Private Limited
- Gorman-Rupp Industries
- Flowserve
HVAC Pump Industry Recent Development:
- In 2023, KSB SE & CO KGaA Launched a new series of fully integrated in-line water pumps which require up to 44 % less aluminum, 49 % less grey cast iron, and 68 % less magnetic steel sheet, as well as 73 % less copper.
Questions Addressed in this Study
- What factors are driving the HVAC Pump Market growth?
- How is the HVAC Pump Market expected to grow over the next five years?
- What are the key insights into the current trends in the HVAC Pump Market?
- What is the current size of the HVAC Pump Market, and how is it projected to change in the future?
6.What is the future outlook for the HVAC Pump Market in terms of technological advancements and market expansion?
For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/hvac-pump-market.html
Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
More Research Studies Report:
–Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.
–Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.
For Media Inquiries, Please Contact:
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India