MarkNtel Advisors recently published a detailed industry analysis of the Global HVAC Pump Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global HVAC Pump Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The HVAC Pump Market is projected to grow at a CAGR of around 5.82% during the forecast period, i.e., 2024-30.

Key Findings in Global HVAC Pump Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players- Grundfos , Wilo SE, KSB Limited, Kirloskar Brothers Limited, Pentair, Xylem Inc., Sulzer, CNP India Private Limited, Gorman Rupp Industries, Flowserve, Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global HVAC Pump Market?

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.

Furthermore, the ongoing digital transformation in government & public offices in countries like the UAE, Saudi Arabia, India, Brazil, etc., has notably contributed to the need for localized data centers to maintain the privacy of government data. This is leading to the growing investment in the development of data centers in recent years by the governments to cater to the cloud service needs of the government & enterprises.  Thus, this notably boosts the demand for HVAC pumps, essential for efficient temperature regulation in these expanding digital infrastructures.

Additionally, the globe is witnessing a growing rollout of the 5G network, which is estimated to bring a surge in data consumption and connectivity demands in the forecast period. For instance, in 2023, in India CRISIL rating stated that average data usage per subscriber per month is expected to rise to about 28-30 GB by 2025 from around 20 GB at present. As a result, there would be higher requirements for data centers, thereby propelling the demand for HVAC pumps in the upcoming years.

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What segments define the Global HVAC Pump Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

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)

According to report, Based on type, split case pumps witnessed a substantial share in the Global HVAC Pump Market during historical years.

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)

According to report, 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.

Explore the Complete Global HVAC Pump Market Analysis Report – https://www.marknteladvisors.com/research-library/hvac-pump-market.html

Geographical Analysis: Global HVAC Pump Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global HVAC Pump Market Recent Development:

• In 2023, KSB SE & CO KGaA Launched a new series of fully integrated in-line water pumps which require up to 44 % less aluminum, 49 % less grey cast iron, and 68 % less magnetic steel sheet, as well as 73 % less copper.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global HVAC Pump Market?
• How is the Global HVAC Pump Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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