HVAC pump market size is predicted to witness notable growth between 2023 and 2032, as there is a rising need for energy-efficient Heating, Ventilating, and Air-Conditioning (HVAC) systems in residential & commercial sectors.

The rapid growth of the global population, as well as the construction of new business centres such as factories, offices, warehouses, medical centres, and sports complexes, has increased the demand for compact and efficient heating and cooling solutions. Large-scale urbanisation and the construction of green buildings are expected to improve the outlook for the HVAC pump industry.

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A centrifugal pump is majorly used in these systems to circulate water across the heating & cooling systems. Low maintenance, cost-effectiveness, and high safety are the major attributes that make it a preferred choice in commercial & residential establishments. HVAC pumps are installed to maintain an efficient flow rate in the distribution systems of an HVAC unit. The rising need for sustainable practices to conserve energy will increase the HVAC pump market growth.

According to estimates, HVAC systems consume nearly 30% of the energy consumed by commercial buildings. With the introduction of 3D printing and computer modelling technologies, innovations in the production of HVAC pumps should create significant growth opportunities for industry businesses.

HVAC pumps are utilized in almost all industry verticals, such as textiles, chemicals, automotive, and food processing. These pumps transfer fluids within the system and facilitate the smooth operation of chillers, water towers, and boilers. The integration of adaptive pumping systems that use frequency converters and sensors to offer an efficient flow rate along with low life cycle expenses are expected to boost product installation.

In terms of end-user, the commercial buildings segment will gain significant traction over the forecast period. The rising trend of commercialization and urbanisation is one of the major factors contributing to the high product usage in these establishments.

Based on the product, HVAC pump market share from the circulating pumps segment is predicted to record sizable growth by 2032. These pumps are electrically powered and deployed in hot water generating machines and cooling systems. They offer low operational pressure in residential as well as commercial applications. Significant investments in the production of customized pumps for extreme climatic conditions will propel the market development.

Based on the regional landscape, North America and Europe are projected to hold a considerable share of the HVAC pump market by 2032. Countries across these regions including the U.S., Canada, Germany, Sweden, and the U.K., are constructing modern infrastructures. The power/energy and industrial sectors are some of the prominent users of HVAC pumps in these regions.

Governments in the developing economies of the APAC and Middle East & Africa (MEA) regions are also offering attractive incentives for the construction of infrastructural projects. For instance, the Dubai government plans to renovate around 30,000 of the buildings by 2030 to decrease energy needs by almost 30% by using state-of-the-art and efficient HVAC pumps.

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The global HVAC pump market has a vast presence of large manufacturers and integrated distribution networks. There are several barriers confronting new companies that plan to enter this market as the startup & production costs associated with the equipment are quite high. Many MNCs are focusing on the development of new products and expanding their geographical reach in the industry. For example, in 2020, WILO SE launched energy-efficient Wilo-Yonos MAXO pumps that can be fully integrated into building management systems.

Some of the leading companies operating in the HVAC pump market include Pentair, Bard Manufacturing Company, Xylem, Grundfos, Ebara Corporation, Thermal Tech, KSB SE & Co. KGaA, Kirloskar Brothers, Armstrong Air Gorman Rupp, Torishima Pump, C.R.I. Pumps, TACO INC., Bell & Gossett, AURORA GmbH, and Danfoss. These companies are signing partnership and merger & acquisition agreements to expand their product portfolios. For example, in November 2022, Danfoss launched OFC check and stop valve that can be used in oil-free heat pumps and chillers to improve the systems’ reliability and operational efficiency.

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