HVAC Pump Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2025 – 2034

HVAC Pump Market Size

The global HVAC pump market achieved significant revenue in 2024 and is expected to continue with moderate CAGR growth over 2025-2034, driven by urban infrastructure growth, increasing global temperatures, and the adoption of energy-efficient heating, ventilation, and air conditioning (HVAC) systems. In heating, ventilation, and air conditioning (HVAC) systems, HVAC pumps provide fluid circulation to assist indoor air quality and temperature control in residential, commercial, and industrial systems. HVAC systems, particularly those with smart and high-efficiency pumps, continue to gain momentum with existing consumers and businesses, as energy use and carbon emissions are significant issues.
 

For instance, in January 2025, Panasonic Corporation’s HVAC Company launched the OASYS Residential Central Air Conditioning System in the U.S. The product comprised of a Mini Split AC, DC motor-driven transfer fans, and an Energy Recovery Ventilator (ERV). According to Panasonic, the OASYS Residential Central Air Conditioning System could cut heating and cooling energy use by over 50% compared to traditional setups. 
 

The growing interest in smart buildings and supportive regulation for green technologies have positively affected the growth and demand for HVAC pumps. In addition, the retrofit of time-worn HVAC systems in developed economies and solid construction sales in developing economies are forecasted to drive even further growth in the market. Global climate change and increased seasonal temperature extremes are pushing HVAC system installation, particularly in formerly temperate climates. The trend is facilitated by green building codes, government incentives/rebates, and environmental certifications (e.g., LEED).  
 

Furthermore, advancements that include IoT functionality, smart monitoring, and variable-speed motor designs will improve the efficiency and performance of modern HVAC pumps. Despite these growth drivers, some restraints limit the market's growth. These restraints are factors such as the high initial capital costs, maintenance requirements, lack of knowledge or technical sophistication in some areas, and supply chain disruptions and uncertainties in material pricing, which can have knock-on effects on production and, consequently, pricing.
 

HVAC Pump Market Trends

The market is witnessing an increasing trend in energy efficiency with more variable speed and smart pumps with IoT technology that allows real-time monitoring and predictive maintenance. Governments across the globe are adopting legislation to help energy efficiency and sustainability, which is quickly advancing the transition of HVAC pump technology into the marketplace. Adding additional pressure to the need for HVAC technology is the extension of infrastructure into urban environments and smart buildings, all of which rely on dependable and efficient HVAC systems. The market presents growth potential, but innovation and sustainability will likely be rapid and aggressive.
 

HVAC Pump Market Analysis

The circulating pumps segment accounted for the largest share in 2024 and is projected to witness foreseeable growth through 2034, owing to the devices being prevalent in both the residential and commercial segments of the HVAC market. Circulating pumps are designed to keep fluids moving through a heating and cooling loop or loops, both of which must be done to ensure a balanced amount of temperature throughout an HVAC system. In many ways, circulating pumps are critical to hydronic heating and chilled water systems because they keep fluids moving and allow energy-saving features of climate control devices to perform most efficiently. Many circulating pumps, today, are available as variable-speed drive (VSD) pumps, which enhances their efficiency and enables them to follow real-time demand for load adjustment.
 

Many companies such as Grundfos, Wilo, and Armstrong are leading the development of advanced circulators that use digital controls plus automation in a modern buildings in the context of smart buildings. The growing number of new constructions and renovations of old construction, specifically in regions with evolving energy codes, will likely increase demand for high-efficiency pumping systems, including circulating pumps. The positive synergy created by government regulations and incentives encouraging renewable heating technologies like solar thermal and heat pump systems will position the market for success.
 

The commercial building segment in the HVAC pump market held the largest share in 2024. The segment encompasses office buildings, shopping malls, hotels, hospitals, schools, and manufacturing sites. These building types all represent categories of space that require proven, large-scale climate control solutions that guarantee human comfort and operational efficiency. HVAC pumps are vital in commercial buildings for hydraulic systems that manage chilled water in building fan coil or air handler units, cooling towers, and boilers. Changing demographics and regulatory infrastructures, particularly in emerging economies, will help drive the HVAC installations across the commercial real estate landscape.
 

In addition, organizations across many sectors will continue to develop energy-saving and sustainable HVAC systems to save on operating costs and comply with increasingly strict environmental regulations. As the commercial building market embraces energy efficiency and a green approach to building operations, the most consequential change is the increasing appetite for smart HVAC systems in conjunction with building automation technologies which rely on high-performance hydraulic pumps that track and provide real-time data for performance monitoring. The commercial segment has challenges in delivering HVAC pump solutions due to high capital costs and complex installations, the long-term payback on energy efficiency and operational cost savings continues to fuel the growth of this market.
 

North America HVAC pump market saw significant value in 2024 and is expected to gain steady traction during 2025-2034. Strengths of the regional market include a mature construction industry, adoption of advanced HVAC technologies, and commitment to energy efficiency. The United States is a large player in the HVAC market due to the large number of commercial and residential buildings and the continued retrofitting of existing buildings for energy performance to lower energy consumption. HVAC modernization is supported on the federal and state levels, such as the federal/state program, ENERGY STAR, and tax incentives for green building upgrades, which creates demand for optimized pump systems.
 

Higher temperatures and more volatile yearly precipitation events driven by climate change cause homeowners and businesses to seek reliable heating and cooling systems. Leading manufacturers in North America like Xylem Inc., Bell & Gossett, and Taco Comfort Solutions are developing innovative HVAC pumps with purpose-driven smart technology, and sustainability. Furthermore, the city's development in smart city infrastructure investments and data-driven energy management will increase HVAC pump adoption.
 

HVAC Pump Market Share

Major players involved in the HVAC pump industry include -

• C.R.I. Pumps
• Grundfos
• Armstrong Air
• Pentair
• TACO INC.
• Torishima Pump
• Thermal Tech
• Bard Manufacturing Company
• Ebara Corporation
• Bell & Gossett
• Danfoss
• AURORA GmbH
• Gorman Rupp
• Xylem
• Kirloskar Brothers
• KSB SE & Co. KGaA
   

These companies are developing, researching, and investing in product development with a focus on efficiency, operational excellence, and integration. For example, Grundfos is leading the industry when it comes to developing circulators with artificial intelligence and the Internet of Things to allow for forecasting maintenance and energy efficiency. Companies are also expanding into emerging markets through mergers and acquisitions or joint ventures to benefit from the growing demand for sustainable HVAC solutions.
 

With the digitalization of the HVAC pump market, industry leaders are concentrating on the future of pump technologies (software solutions) and how to better manage systems via the cloud. Companies are also environmentally responsible with more regulatory standards surrounding climate change. Major manufacturers are also piloting products considering recyclable products, eco-friendly materials, and lifecycle assessments as part of product development. All this work will likely enhance their position in the global market and help meet the demand for innovative, affordable, and eco-friendly products across all major geographical regions.
 

HVAC Pump Industry News

In February 2025, LG Electronics showcased its newest HVAC solutions at the AHR Expo 2025 in Orlando, Florida. The company stated that its expanded lineup in HVAC supported the growing push for decarbonization and rising demand for electrification, offering customized options for both commercial and residential use.

In March 2025, Danfoss launched seven new sustainable HVACR products at ACREX India 2025, calling them a step toward redefining the industry. The company’s products were designed to control temperature, improve energy efficiency, and regulate fluid and gas flow in HVAC systems.