Press release
China HVAC Pump Market Demand and Forecast 2030
The global HVAC pump market is anticipated to cross US$ 46.5 Bn by 2030. The HVAC pump market is projected to expand at a CAGR of ~5% from 2020 to 2030, in terms of revenue. The growth of the HVAC pump market can be attributed to rising adoption of HVAC pumps in the HVAC industry to reduce CO2 emissions and governmental regulations across developed and developing economies to increase energy efficiency. During the forecast period, North America is anticipated to emerge as the leading HVAC pump market, followed by Europe and Asia Pacific.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73068
๐๐๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐๐๐ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ
๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐๐ซ๐๐๐ง๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐, ๐๐ข๐ฌ๐ฉ๐จ๐ฌ๐๐๐ฅ๐ ๐๐ง๐๐จ๐ฆ๐, ๐๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐
Over the last decade, urbanization across developing countries of the world has increased at a robust rate. The trend is especially prominent in developing regions that have witnessed rapid expansion and development of Tier 2 cities over the past few decades. This, along with rising disposable income in the regions i.e. APAC, MEA, and South America, is increasing consumer spending around the world. All these factors are expected to boost the overall sales of HVAC pumps across the globe.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=73068
According to the World Bank, around 55% of the world population resides in urban areas, which is expected to increase to 68% by 2050. In 2018, 59.03% of population globally resided in urban areas.
Various supportive government regulations promoting the real estate sector in their respective countries is expected to propel the HVAC pump market during the forecast period
The impact of this driver is anticipated to remain high during the forecast period, as urbanization rate is expected to rise worldwide.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=73068
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐๐ฒ ๐๐๐ ๐ข๐จ๐ง ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ
The demand for HVAC pumps is estimated to be high in Asia Pacific from 2020 to 2030. China, India, and Japan are the main countries of the market in the APAC region. The market in Asia Pacific is expanding rapidly due to rise in industrialization in various developing countries of the region, which is projected to drive the HVAC pump market. Besides, rising urbanization in China and India have led to a strong demand for HVAC pumps in recent years, due to growing investments in smart city projects across these countries. This, in turn, is projected to accelerate the HVAC pump market. Furthermore, the large share of this region is due to the significant economic growth rate, followed by heavy investments across the construction and housing sector, which is expected to boost the demand for HVAC pumps.
๐๐ข๐๐ฐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/hvac-pump-market.html
๐๐๐๐ ๐๐ฎ๐ฆ๐ฉ๐ฌ: ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
The global HVAC pump market has been segmented in terms of type, application, and region. Based on type, the HVAC pump market has been categorized into booster pumps, centrifugal pumps, and circulating pumps. In terms of application, the HVAC pump market has been divided into industrial, residential, and commercial. Among applications, the industrial segment dominated the global HVAC pump market in 2019.
๐๐๐๐ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
The global HVAC pump market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to lead the HVAC pump market during the forecast period. The U.S. is estimated to hold a notable share of the market in North America, and the market in the country is projected to expand at a CAGR of 6.3% during the forecast period in terms of revenue. Asia Pacific accounted for a substantial market share in 2019, with India, China, and Japan being the major markets in the region. The HVAC pump market in Europe, Middle East & Africa, and South America is also projected to grow moderately over the forecast period.
The report provides an in-depth segment analysis of the global HVAC pump market, thereby providing valuable insights at macro as well as micro levels. The analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the HVAC pump market.
๐๐๐๐ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ: ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The research study includes profiles of leading companies operating in the global HVAC pump market. Key players profiled in the report include Armstrong Fluid Technology, Bard Manufacturing Company Inc., C.R.I. Pumps Private Limited, Danfoss, Ebara Corporation, Grundfos, ITT Inc. (GOULDS PUMPS), Johnson Controls International plc, KSB SE & Co. KGaA, Liberty Pumps Inc., Midea Group Co., Ltd., Nickerson Company, Inc., Patterson Pump Company, Pentair., Pumpscout, Ruhrpumpen, Inc., TACO INC., Thermal Tech, Inc., WILO SE, and Xylem Inc. (Bell & Gossett).
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ:
Nikhil Sawlani
Transparency Market Research Inc.
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