Press release
HVAC Pump Market Future Opportunity Assessment At a CAGR of 5.7% by 2031
HVAC Pump Market
For instance, Nlyte Software, a leader in data center infrastructure management (DCIM) software, was bought by Carrier Global. The development will expand the HVAC pump industry options. Furthermore, increased awareness of the health benefits is driving the demand for HVAC pump market trends in a variety of applications.
The HVAC pump market size was valued at $31.6 billion in 2021, and is estimated to reach $55.5 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.
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Heating, ventilation, and air conditioning (HVAC) system operates on the basis of fluid movement through piping systems to maintain a certain temperature in buildings while using the least amount of energy possible. One component of this system is the HVAC pump, which distributes fluids throughout the building or structure as needed. The most popular form of HVAC pump used is a centrifugal pump, which employs an impeller blade arrangement to create a pressure difference between two sides so that it may pump liquid at a high-speed rate by producing circular motions with blades linked to its spinning axle.
Furthermore, smart HVAC systems make less noise than other systems, resulting in increased demand for these systems in the coming years. This is expected to boost the demand for HVAC pump in coming years.
The centrifugal pump segment registered highest revenue in 2021, owing to wide usage application in healthcare, construction, and logistics.
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By Product Type -
Single stage
Multi-stage
By End-User -
Industrial
Residential
Commercial
By Pump Type -
Booster pumps
Circulating pumps
Centrifugal pumps
By Region -
North America (U.S., Canada, Mexico)
Europe (Germany, France, Italy, U.K., Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Rest Of Asia Pacific)
LAMEA (Latin America, Middle East, Africa)
Top Players
Key Market Players AURORA GmbH & Co. KG, Torishima Pump Mfg. Co., Ltd., Kirloskar Brothers Limited, Patterson Pump Company, WILO SE CNP Pumps India Pvt. Ltd, Bard Manufacturing Company Inc., KSB SE & Co, Armstrong Air, Pentair Plc., C.R.I. Pumps Private Limited
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