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Hydronic Pumps Market Size

Report ID: GMI10431
Published Date: Jul 2024
Report Format: PDF

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Hydronic Pumps Market Size

Hydronic Pumps Market was valued at USD 3.5 billion in 2023 and is estimated to grow at a CAGR of 5.2% during 2024 to 2032. Increasing emphasis on energy efficiency and sustainability is driving the adoption of hydronic pumps that can reduce energy consumption in HVAC systems. Regulations and standards, such as Energy Star in the United States and EU directives, encourage the use of energy-efficient pumps, thereby boosting market demand.

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The expansion of commercial, residential, and industrial construction projects worldwide drives demand for HVAC systems, including hydronic pumps. New constructions and renovations require efficient heating and cooling solutions, propelling the market for hydronic pumps. The integration of renewable energy sources such as solar thermal, geothermal, and biomass systems with HVAC applications increases the demand for hydronic pumps. These systems require efficient pumps to circulate heat transfer fluids and manage thermal energy effectively.

Hydronic Pumps Market Report Attributes
Report Attribute	Details
Base Year:	2023
Hydronic Pumps Market Size in 2023:	USD 3.5 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.2%
2032 Value Projection:	USD 5.6 Billion
Historical Data for:	2021 - 2023
No. of Pages:	147
Tables, Charts & Figures:	428
Segments covered:	Type, Speed, GPM Flow, Power, Usage, End-use, Distribution Channel, Region
Growth Drivers:	Energy efficiency regulations and standards Growing construction activities Renewable energy integration Urbanization and infrastructure development
Pitfalls & Challenges:	Market saturation and intense competition High initial investment

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The market is dominated by well-established manufacturers with a strong brand presence and extensive distribution networks. New entrants face challenges in gaining market share. Hydronic pumps can be expensive, especially for high-efficiency or high-performance models. This can be a barrier to entry for some customers, particularly in cost-sensitive projects.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of hydronic pumps was worth over USD 3.5 billion in 2023 and is estimated to record a CAGR of 5.2% through 2032, owing to increasing emphasis on energy efficiency and sustainability.

In 2023, vertical segment accounted for USD 1.9 billion and is expected to reach USD 3.1 billion by 2032. These pumps are ideal for applications with limited floor space owing to their compact, space-saving design.

North America hydronic pumps industry was worth around USD 900 million in 2023 and is expected to cross USD 1.5 billion by 2032, backed by the implementation of stricter energy efficiency regulations for buildings by the government.

Biral AG, DAB Pumps, Danfoss, Flowserve Corporation, Franklin Electric, Grundfos, ITT Inc., KSB Group, Pentair plc, Sulzer Ltd., and Taco Comfort Solutions among others.