Hydronic Pumps Market Size
The hydronic pumps market was worth $3.5 billion in 2023 and is expected to rise at a CAGR of 5.2% from 2024 to 2032. People are starting to use more hydronic pumps because they can help HVAC systems use less energy and be more environmentally friendly. Regulations and regulations, such Energy Star in the US and EU directives, promote the use of pumps that consume less energy, which increases demand in the market.
The growth of commercial, residential, and industrial construction projects around the world is driving up the need for HVAC equipment, such as hydronic pumps. The need for efficient heating and cooling systems in new buildings and renovations is driving the demand for hydronic pumps. As more HVAC systems use renewable energy sources like solar thermal, geothermal, and biomass systems, the need for hydronic pumps goes up. To move heat transfer fluids and handle thermal energy well, these systems need pumps that work well.
| 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 | 487 |
| Tables, Charts & Figures | 428 |
| Segments covered | Type, Speed, GPM Flow, Power, Usage, End-use, Distribution Channel, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
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There are a lot of well-known firms with strong brands and big distribution networks that control the market. New businesses have a hard time getting a share of the market. Hydronic pumps can cost a lot, especially if you want one that works well or is very efficient. Some consumers may find this hard to get into, especially on projects where money is important.
Hydronic Pumps Market Trends
As more and more people care about energy efficiency, governments are making rules stricter and giving buildings that are more environmentally friendly more money. This is making companies make hydronic pumps that utilize less power. These pumps not only save your electricity bill, but they also assist lower the carbon impact of a structure. Hydronic pumps are getting smarter also; they now include features like IoT (Internet of Things) capability. These let owners check on the pumps from afar, see how they're doing in real time, and even guess when maintenance may be needed. This helps the pumps work smoothly and do their jobs well. Another important trend is to combine hydronic systems with Building Automation Systems (BAS). This puts all the pumps and other building systems under one roof, which improves performance and comfort throughout the facility. Finally, as geothermal heating and cooling systems become more popular, there is a need for specialist hydronic pumps that can satisfy the needs of these systems.
Hydronic Pumps Market Analysis
Imagine that you need a pump but don't have enough room. That's when vertical pumps come in handy! They're like tiny superheroes that can fit into small spaces like mechanical or boiler rooms. And guess what? They hit hard too. They can push water higher than horizontal pumps, which makes them great for tall buildings or systems that need more pressure to get over vertical distances. But wait, vertical pumps are great for saving space and building pressure, but they can cost a little more to produce than horizontal pumps. If you're on a tight budget, horizontal pumps can be a better choice for you.
In 2023, constant speed pumps had the largest market share, making about 64% of the total. In general, constant speed pumps cost less to buy than variable speed pumps. This makes them a good choice for projects that don't have a lot of money to spend. Constant speed pumps are great for jobs that need a steady flow, including simple hot water circulation systems or smaller home installations. By changing their speed dependent on how much work the system needs, VSD pumps can use a lot less energy. This means that prices are lower and the environment is less affected.
In 2023, North America was worth about USD 900 million. By 2032, it is predicted to be worth more than USD 1.5 billion. Governments in North America are making rules that buildings must follow to be more energy efficient. This makes the construction sector more likely to use energy-saving solutions, such as high-efficiency hydronic pumps.
The market in U.S. is set to grow at 5.6% CAGR through 2032. Federal regulations like ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers) standards and Department of Energy (DOE) efficiency requirements push for the adoption of high-efficiency hydronic pumps in the U.S.
The German hydronic pumps market maintained a considerable position in Europe. Germany prioritizes renewable energy sources. Hydronic pumps play a crucial role in integrating geothermal and solar thermal systems for efficient heating and cooling, further bolstered by government incentives for such integrations.
China is supposed to grow at the highest rate of 6.4% in the region. Rapid urbanization in China necessitates the construction of new buildings with efficient HVAC systems. This creates a substantial demand for hydronic pumps for heating, ventilation, and air conditioning applications.
Hydronic Pumps Market Share
Hydronic pumps industry seems to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such Grundfos, Wilo, Xylem Inc., Danfoss, Taco Comfort Solutions, Armstrong Fluid Technology, KSB Group, Uponor Corporation collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Hydronic Pumps Market Companies
Major players operating in the hydronic pumps industry are
- Armstrong Fluid Technology
- Biral AG
- DAB Pumps
- Danfoss
- Flowserve Corporation
- Franklin Electric
- Grundfos
- ITT Inc.
- KSB Group
- Pentair plc
- Sulzer Ltd.
- Taco Comfort Solutions
- Uponor Corporation
- Wilo
- Xylem Inc.
Hydronic Pumps Industry News
- In March 2024, U.S. Boiler launched hydronic heat pump for residential applications. The US-based manufacturer said its new heat pump system has 5-ton capacity and a coefficient of performance of up to 3.95. It uses difluoromethane (R32) as the refrigerant and relies on DC inverter enhanced vapor injection (EVI) technology.
This hydronic pumps market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) (Million Units) from 2021 to 2032, for the following segments
Market, By Type
- Vertical
- Horizontal
Market, By Speed
- Constant Speed Pumps
- Variable Speed Pumps
Market, By GPM Flow
- Below 1GPM
- 1-2 GPM
- 2-5 GPM
- 5-10 GPM
- 10-15 GPM
- Above 15 GPM
Market, By Power
- Upto 100W
- 100-500W
- Above 500W
Market, By Usage
- Heated Water
- Chilled Water
- Steam
Market, By End-use
- Residential
- Commercial
- Office Complexes
- Shopping Malls
- Hotels and Resorts
- DataCenters
- Institutional buildings
- Others (Ice Park, Swimming Pool, etc.)
- Industrial & Warehousing
- HVAC
- Oil & Gas
- Chemical
- Water Treatment
- Food & Beverage
- Pharmaceuticals
- Others (Textile, etc.)
Market, By Distribution Channel
- Direct
- Indirect
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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