China HVAC Pump Market Demand and Forecast 2030

𝐇𝐕𝐀𝐂 𝐏𝐮𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

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.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73068

𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐇𝐕𝐀𝐂 𝐏𝐮𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐚𝐭𝐞, 𝐃𝐢𝐬𝐩𝐨𝐬𝐚𝐛𝐥𝐞 𝐈𝐧𝐜𝐨𝐦𝐞, 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐄𝐱𝐩𝐞𝐧𝐝𝐢𝐭𝐮𝐫𝐞

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.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ 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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=73068

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐊𝐞𝐲 𝐑𝐞𝐠𝐢𝐨𝐧 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐕𝐀𝐂 𝐏𝐮𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭

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.

𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/hvac-pump-market.html

𝐇𝐕𝐀𝐂 𝐏𝐮𝐦𝐩𝐬: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

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.

𝐇𝐕𝐀𝐂 𝐏𝐮𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤

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.

𝐇𝐕𝐀𝐂 𝐏𝐮𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

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).

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Nikhil Sawlani
Transparency Market Research Inc.
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