HVAC Pump Market to Reach $55.5 Bn, Globally, by 2031 at 5.7% CAGR

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The commercial segment to maintain its lead position during the forecast period

Based on end user, the commercial segment held the highest market share in 2021, accounting for more than one-third of the global HVAC pump market, and is expected to maintain its lead position during the forecast period. Moreover, this segment is projected to manifest the fastest CAGR of 6.6% from 2022 to 2031. This is attributed to utilization in schools, banks, shopping malls, and hotels along with radiant flooring systems that heat a building with hot air (forced air) or heated fluid. The research also analyzes the segment including industrial and residential.

Asia-Pacific to maintain its dominance in terms of revenue by 2031

Based on region, Asia-Pacific contributed to the highest market share in terms of revenue in 2021, accounting for nearly half of the global HVAC pump market, and is expected to maintain its dominance in terms of revenue by 2031. Moreover, this segment is projected to manifest the fastest CAGR of 6.4% during the forecast period. This is owing to the presence of high population base and increased the use for HVAC controls in residential, commercial, and industrial buildings in the region. The research also analyzes regions including North America, Europe, and LAMEA.

Leading Market Players

• 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.

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