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Global HVAC Pump Market Set to Experience a Massive 5.82% CAGR During 2024-2030

ReportTok - Daily news and Magazines August 27, 2024

 

Market Insights

As per recent research by MarkNtel Advisors, 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.

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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Market Segmentation and Consumer Behavior:

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)

Read Full Report: https://www.marknteladvisors.com/research-library/global-HVAC Pump-market.html

HVAC Pump Market Geographical Analysis:

By Region:

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

Key Players and Competitive Strategies in the HVAC Pump Market

Several prominent players dominate the HVAC Pump Market, including:

  • Grundfos
  • Wilo SE
  • KSB Limited
  • Kirloskar Brothers Limited
  • Pentair
  • Xylem Inc.
  • Sulzer
  • Facility Portfolio
  • CNP India Private Limited
  • Gorman-Rupp Industries
  • Flowserve

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Questions Addressed in this Study

1.What factors are driving the HVAC Pump Market growth?

2.How is the HVAC Pump Market expected to grow over the next five years?

3.What are the key insights into the current trends in the HVAC Pump Market?

4.What is the current size of the HVAC Pump Market, and how is it projected to change in the future?

5.What is the future outlook for the HVAC Pump Market in terms of technological advancements and market 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 & emerging geographies allows our clients to formulate their strategies in a much more 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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