Growing Economic Activities in U.K. Boost Heat Pump Sales Post COVID-19 Pandemic
The demand for HVAC (Heating, Ventilation, and Air Conditioning) pumps is predicted to rise once the coronavirus (COVID-19) pandemic subsides in the U.K., according to the analysts at the Transparency Market Research (TMR). This is evident since production facilities will resume their manufacturing activities and other end-use industries will be open for customers. Hence, companies in the HVAC pump market are focusing on markets that promise strong growth such as in sales of heat pumps.
As economic activities are gradually gaining pace, the demand for heat pumps is estimated to surge post the COVID-19 pandemic in the U.K. Moreover, manufacturers in the HVAC pump market were already registering a rise in the installations of heat pumps before the pandemic. Manufacturers are also predicting a transition from oil boilers to heat pumps in rural homes of the U.K., as customers are making environmentally responsible heating choices by opting for heat pumps instead of oil boilers, where the latter leads to increased carbon emissions.
Variable Speed Control Highly Preferred in HVAC Booster Pumps
Game-changing innovations in HVAC pumps are generating incremental opportunities for manufacturers. Leading manufacturers of pumps, valves, heat exchangers and other accessories are increasing their marketing efforts to bolster sales for booster pumps integrated with variable speed technology and high efficiencies as compared to other conventional pumps available in the HVAC pump market. Manufacturers are increasing their production capacities to develop small electrical booster pumps that circulate heated hot water much faster than traditional pumps.
Companies in the HVAC pump market are innovating in compact-sized booster pumps to improve their sales targets. Such innovations are expected to contribute toward a favorable CAGR of ~5% for the market during the forecast period. As such, variable speed control is being highly preferred in booster systems. Manufacturers are increasing efforts to fully test the flow and pressure of the systems that can be readily installed by users.
Compact Booster Systems Gain Prominence in Water Treatment Applications
Manufacturers in the HVAC pump market are tapping value-grab opportunities in water treatment, F&B, and surface sanitation applications to broaden their revenue streams. As such, the market is expected to cross a value of US$ 46.5 billion by 2030. Aquatec International – a manufacturer of precision diaphragm (membrane) pumps is increasing its production capabilities to develop its 6800 Series and 8800 Series products integrated with the diaphragm booster pump technology.
Booster pumps of the highest quality and with a reliable inlet pressure for efficient membrane utilization are in high demand in the HVAC pump market. Manufacturers are developing compact booster systems that fit in tight spaces in water treatment and surface sanitization applications. Moreover, water vending and coffee systems are fueling the demand for booster pumps.
Energy-efficient and Simplistic Circulating Pumps Serve as Reliable Solutions in Buildings
HVAC pumps are being routinely used in water treatment and surface sanitization applications. However, the high upfront cost of installation is likely to be its drawback. It has been found that hot water recirculating pumps lead to major expenses in domestic households and this issue has slowed down the expansion of the HVAC pump market. As such, instant heating of water with the help of hot water recirculating pumps offset its disadvantages. Moreover, hot water recirculating systems help users save on tremendous volumes of water.
Companies in the HVAC pump market are increasing the availability of cost-effective circulating pumps. For instance, Grundfos – a Danish pump manufacturer is focused on combining cost-efficiency with simplicity in its MAGNA1 circulating pump that serves as reliable solution in buildings. Energy-efficient circulating pumps are creating revenue opportunities for manufacturers.