The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), HVAC Pump Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
HVAC Pump Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, HVAC Pump Market size is estimated to grow at a CAGR of around 5.82% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in HVAC Pump Market Segmentation?
The report has segmented the market into the following categories:
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)
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)
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. The petrochemical industry, in particular, has experienced substantial growth fueled by heightened demand for plastics and fertilizers. Consequently, the notable expansion of the petrochemical sector has led to an increased demand for HVAC pumps in recent years. These pumps are crucial for maintaining precise temperature control in handling volatile and temperature-sensitive materials, ensuring the safety and efficiency of industrial processes.
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Key Factor Driver HVAC Pump Industry Growth by 2030
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.
Who are the Key Players Operating in the HVAC Pump Industry?
The top companies of the HVAC Pump market ruling the industry are:
- Grundfos
- Wilo SE
- KSB Limited
- Kirloskar Brothers Limited
- Pentair
- Xylem Inc.
- Sulzer
- Facility Portfolio
- CNP India Private Limited
- Gorman-Rupp Industries
- Flowserve
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the HVAC Pump Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the HVAC Pump industry?
- Which is the Leading segment in the market?
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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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