Home > Industrial Machinery > HVAC > Heating and Cooling > Cooling Pump Market

Cooling Pump Market Share

Report ID: GMI7644
Published Date: Dec 2023
Report Format: PDF

Download Free Sample

Cooling Pump Market Share

The market is highly fragmented owing to the presence of several market players. Major companies operating in the market are Grundfos, Xylem, Sulzer, accounting over 38% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.

Government support to boost the adoption of low GWP refrigerant and the geographical expansion of key players are anticipated to intensify the market competition over the forecast timeframe. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.

Cooling Pump Market Companies

Major players operating in the Cooling Pumps industry include:

Grundfos Group
Xylem Inc.
Sulzer Ltd.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Cooling pump industry was valued at USD 2.2 billion in 2023 and is anticipated to register a CAGR of over 6.1% between 2024 and 2032, driven by the increasing usage of HVAC (Heating, Ventilation, and Air Conditioning) systems in commercial buildings, including offices, malls, and residential complexes.

The multistage segment accounted for over 65% business share in 2022 and is projected to grow through 2032 fuelled by their usage in HVAC systems for large commercial and industrial buildings.

The U.S. cooling pump industry generated a revenue of over USD 400 million in 2023 and is expected to grow at a lucrative pace through 2032 driven by the rise in commercial and residential construction projects.

Grundfos Group, Xylem Inc., Sulzer Ltd. are some of the major industry contenders.