The Global HVAC Pump Market size is estimated to grow at a CAGR of around 5.82% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global HVAC Pump Market Driver:
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global HVAC Pump Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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)
- 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)
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Grundfos , Wilo SE, KSB Limited, Kirloskar Brothers Limited, Pentair, Xylem Inc., Sulzer, CNP India Private Limited, Gorman Rupp Industries, Flowserve, Others are looking forward to strengthening their market positions.
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