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[Report Ocean Press Release] This is a survey conducted to understand the situation of the HVAC (heating, ventilation, air conditioning) pump market in 2022.
Various market players are adopting strategies such as product launches, business expansions, acquisitions, and agreements to grow their businesses and strengthen their market positions.
Survey overview:
Survey period: September 1st to November 30th, 2022
Research agency :
Survey contractor: Report Ocean Co., Ltd.
In-house survey
Survey target: The survey was conducted with 890 leaders from organizations of all sizes around the world.
Number of valid responses: (890 people)
Survey method: Telephone survey of 300 people, Internet survey of 590 people Survey Respondents: The survey was conducted across companies based on revenue. [Image 1
Survey results :
Q: What are the popular product types in the HVAC (heating,
ventilation and air conditioning) pump market?
According to the product type, it can be divided into multi-stage and single-stage. Multistage has advantages over single stage.
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Q: Which end user has the highest share in the HVAC (heating, ventilation and air conditioning) pump market?
By end-user, they are classified into industrial, residential, and commercial. The commercial segment will have the highest revenue in 2021.
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Q: How is the market segmented by pump type?
Based on pump type, the market is segmented into booster pumps, circulating pumps, and centrifugal pumps.
By pump type, the centrifugal pump market recorded the highest revenue in 2021 due to its simple design, high efficiency and smooth flow. In addition, centrifugal pumps have low operating and maintenance costs and are available in a wide range of lifts and capacities.
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Q: What are the key factors driving the HVAC (heating, ventilation and air conditioning) pump market?
The surge in the use of HVAC systems in manufacturing plants, offices, hospitals, sports complexes, central heating/chiller plants, schools, buildings, and data centers has boosted the demand for the HVAC pump market driving the market growth. I’m here. In addition, rapid industrialization and rising concerns about efficient air conditioning systems are expected to drive the market growth.
In addition, factors such as technological advances and climate change are increasing the use of HVAC equipment. The demand for air conditioning equipment is increasing due to the effects of global warming, making it difficult to predict and change the weather. Additionally, companies are making strategic moves to increase production of pumps for HVAC systems.
The governments of China, India and Japan are focusing on developing smart HVAC systems, increasing the demand for HVAC pumps. Moreover, increasing end-user awareness of indoor air quality is projected to propel the HVAC pump market in the Asia-Pacific region.
Survey conclusions:
HVAC pumps are used to regulate the temperature of a room or building environment. The HVAC pump market is observing great demand in North America, Asia Pacific, and Europe. Asia-Pacific recorded the highest revenue growth in 2021 owing to increasing demand for HVAC pumps from various sectors. The Asia-Pacific HVAC pump industry is dominated by brand expansion and transformation trends.
HVAC equipment and pumps are used in manufacturing industries, office buildings, condominiums, hospitals, airports and sports centers. As a result, spending on R&D and manufacturing of HVAC pumps has increased dramatically in recent years. Additionally, major market players are increasing their manufacturing facilities to meet end-user demand for centrifugal, circulating, and booster pumps. They offer low cost pumps and want to expand their product line globally. Grundfos, for example, offers a low-maintenance circulation pump that runs quietly and saves 80% on energy usage. Such factors are boosting the growth of the air conditioner pump market.
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Details about this release:
https://prtimes.jp/main/html/rd/p/000005956.000067400.html