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Upcoming Allied Market Research
2021
Hvac Pump Market

HVAC Pump Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

A08945
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Dec 2021 | 594 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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HVAC pump is used to control the thermal aspects such as temperature and moisture. HVAC pump is further used to improve the quality of air. It is used at various places such as stadiums, indoor sports complex, manufacturing firms, and office building. To get the thermal comfort at these places, HVAC pump systems are required. Different types HVAC pumps are available in the market such as pump with single suction and pump with double suction. With rapid industrialization, there is rise in demand for the HVAC pump system. This could be the driving factor for the growth of HVAC pump market.

Market scope and structure

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

 Product type, pump type, application, end-user industry, and region

  Companies covered

Bard Manufacturing Company Inc., KSB SE & Co , Kirloskar Brothers Limited   AURORA GmbH & Co. KG , Armstrong Air ,WILO SE CNP Pumps India Pvt. Ltd. ,Torishima Pump Mfg. Co., Ltd. , Patterson Pump Company , C.R.I. Pumps Private Limited , Pentair Plc.

 

Regions covered

North America

Europe

Asia Pacific

LAMEA

US, Canada and Mexico

Germany, France, UK, Italy, Spain, and the Rest of Europe

China, Japan, India, South Korea, and the Rest of Asia Pacific

Latin America, Middle East and Africa

 

COVID-19 scenario analysis:

  • The demand for HVAC pump is expected to decrease in the year 2020 due to low demand from manufacturing industry and from sports complexes as well due to the lockdown has been imposed by the government of many countries.
  • COVID-19 pandemic has forced many companies including manufacturers and service providers in the HVAC pump market to halt their business operations to comply with new government rules and regulations. This halt in operations directly impacts the revenue flow of the market players and thereby the global HVAC pump market. 
  • Moreover, research scientists are unable to rule out the possibility of spread of corona virus through heating, ventilation, and air conditioning (HVAC) systems. 
  • Consumers around the world are confused whether HVAC air filtration systems can protect them from COVID-19 exposure. 
  • Some systems like germicidal wavelength UV fixtures were capable of filtering air in previous cases of SARS and MERS viruses but the same cannot be scientifically claimed for COVID-19, as research is still ongoing.
  • Installation and servicing operations would be impeded as contact prevention norms reduce the number of orders that can be handled per day by HVAC companies.
  • Therefore, the HVAC pump market is expected to get negatively affected in 2020 considering the all the above factors.

Top impacting factors:

HVAC pump system is an important system in a closed room so that good thermal conditions will be maintained in the room. If there is humidity in the atmosphere, the atmosphere inside the room also becomes humid. Then it becomes uncomfortable for the person present inside the room. To avoid this, there should be a proper HVAC pump system available in the room. 

Different types pumps are used for various applications. Centrifugal pump is most commonly used in industrial as well as for household purpose. Centrifugal pump comes up with different range of capacity, efficiency of centrifugal pump is also high and it requires low maintenance and operating cost of centrifugal pump is low.

HVAC pump plays an important role in maintaining the thermal condition of sports complex. As, sports complex are generally closed, hence there should be proper ventilation in the complex for the people sitting in the complex. HVAC pump provides proper ventilation and also improves the quality of the air inside the complex. Centrifugal pumps are used in refrigerator to maintain the temperature inside the refrigerator and take out condensate from refrigerator system.

Key players in HVAC pump market are coming up with new technological advancement in their latest products. These products are more efficient and reliable than the previous products. 

In September 2019, Little Giant launched technically advanced HVAC condensate pump named as VCMA-20 ULS. This advanced HVAC condensate pump has safety switch included in it to ensure the safety of the pump in case of any failure. VCMA-20 ULS is capable of collecting the condensate, detecting and automatic removal of condensate from air conditioning device. It can be used to eliminate the condensate from the condensing boilers and de-humidifiers.

Key factors for the growth of HVAC pump market:

Increasing number of industries across the world is expected to boost the HVAC pump market as it is required in every industry. 
Also, HVAC pump consumes less energy for its working, hence efficiency of HVAC pump high.

Due to the rapid growth of industries in Asia-pacific countries like China and India, this region is expected to be the key segmented region which is assumed to drive the growth of HVAC pump during the forecasting period.

Government of countries such as India, China and UK are using the HVAC pump systems to improve the air quality so that the air pollution can be reduced. Hence, the demand for HVAC pump is expected to rise during the forecasting period.

Key segments covered:

Segments

Subsegments

  Pump type

 

  • Booster pumps
  • Circulating pumps
  • Boiler feed pumps

  Application

 

  • Industrial
  • Residential
  • Commercial

  Product type

 

  • Single Stage
  • Two-stage
  • Multi-stage

 

  End-user Industry

 

  • Petroleum Industry
  • Food & Beverages
  • Manufacturing Plants
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the HVAC pump market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the HVAC pump market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the HVAC pump market growth scenario.
  • The report provides a detailed HVAC pump market analysis depending on competitive intensity and how the competition will take shape in coming years. 
 
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