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Hydronic Pumps Market Trends

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

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Hydronic Pumps Market Trends

Stricter energy efficiency regulations combined with government incentives for sustainable buildings are pushing manufacturers to develop high-efficiency hydronic pumps. These pumps consume less energy, leading to lower operating costs and a smaller environmental footprint. Hydronic pumps are increasingly equipped with IoT capabilities. This allows for remote monitoring, real-time performance data analysis, and predictive maintenance, leading to improved system efficiency and reduced downtime. Integration with BAS enables centralized control and management of hydronic systems, including pump operation. This optimizes overall building performance and comfort levels. The growing adoption of geothermal heating and cooling systems is driving demand for specialized hydronic pumps that can handle the specific requirements of geothermal applications.

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.