Glycol Pumps Market is Poised to Reach USD 224.3 Million at a CAGR of 6.1% by 2032

0

With a commanding 86.9% market share in North America, the US glycol pumps market is projected to grow at a 5.3% compound annual growth rate (CAGR) over the course of the evaluation period. The significant expansion of this market can be ascribed to several causes, such as improvements in manufacturing capacities, advantageous governmental policies, and a rising need for glycol pumps in diverse end-use industries.

The market for glycol pumps was valued at approximately US$ 123.7 million in 2022, and projections suggest that it might continue to increase, perhaps reaching US$ 224.3 million in 2032. Over the ten-year evaluation period from 2022 to 2032, this planned expansion is expected to occur at a steady Compound Annual Growth Rate (CAGR) of 6.1%.

This report can be downloaded as a sample at https://www.factmr.com/connectus/sample?flag=S&rep_id=7500.

Glycol pumps are now essential parts of industrial fluid management, providing accurate and effective power to a range of applications. These pumps are expected to see substantial expansion in the upcoming years. They are generally utilized for the circulation of glycol-based solutions in applications including data centers, chemical processing, and HVAC (Heating, Ventilation, and Air Conditioning).

The Benefit of Glycol

Understanding the importance of glycol-based solutions and the function of glycol pumps in a variety of industrial applications is crucial before diving into the market dynamics. Glycols, notably ethylene and propylene glycols, are widely exploited in the industry as heat transfer fluids due to their remarkable thermal qualities, corrosion resistance, and low toxicity. Because of these qualities, glycols are perfect for applications where temperature control is necessary, including HVAC systems, which are essential for preserving interior comfort in both commercial and residential buildings.

In order to keep servers cool and avoid overheating, data centers also make heavy use of glycol-based technologies. Data centers are growing quickly due to the increasing demand for processing and storage capacity, which highlights the critical need for effective cooling solutions. Glycol pumps are essential to the smooth functioning of these cooling systems, which makes them invaluable in the data center sector.

Glycol pumps are also essential to chemical processing facilities because they make it easier for glycol-based heat transfer fluids to be transferred and circulated, ensuring accurate temperature control throughout a variety of chemical processes. In these sectors, maintaining constant temperatures is essential to guaranteeing the quality and safety of the products.

Market Dynamics and Growth Engines

Glycol pumps are seeing rapid growth due to a number of factors:

  • Growing Industrialization: The increasing industrialization worldwide, especially in emerging economies, is driving the demand for glycol pumps across various applications. As more industries adopt glycol-based solutions for temperature regulation and heat transfer, the demand for glycol pumps is anticipated to witness significant growth.
  • Energy Efficiency: Glycol pumps are renowned for their efficiency in maintaining consistent temperatures, making them a preferred choice in industries where energy savings are crucial. Industries prioritize energy efficiency to reduce operating costs and minimize their environmental footprint.
  • Green Initiatives: Global emphasis on sustainability and reducing greenhouse gas emissions aligns well with glycol pumps, which contribute to energy efficiency and reduced environmental impact.

Competitive Environment

North Ridge Pumps, Kimray, Mcmaster, Viking Pump, LEWA, Verder, Cat Pumps, Xylem, TriRotor Inc., Goulds Pumps, Heat Exchange & Transfer, Inc., John Wood, Inc., T-Mag, Exterran, Rotor Tech, Bifold, HERMETIC-Pumpen GmbH, March Pumps, and Sintech are some of the major companies in the glycol pump market.

The industry for glycol pumps is expanding quickly thanks to technological innovations brought forward by major competitors. Prominent corporations are concentrating on thorough research and development efforts while integrating cutting-edge features and electrical integrations. Furthermore, companies with strong finances are deliberately making acquisitions to have a competitive advantage over rivals in the industry.

Prominent instances consist of:

  • In December 2021, Kimray completed the acquisition of Control Equipment Inc., based in Texas. This strategic move is expected to yield significant benefits for the industry by combining Kimray s innovation and production capabilities with CEI s extensive distribution network and expertise.
  • In March 2022, Atlas Copco s Power and Flow division entered into an agreement to acquire LEWA. This acquisition is poised to strengthen Atlas Copco s presence and expansion within the industrial pumps business.
  • In April 2022, North Ridge Pumps conducted a case study on ATEX-rated plunger pumps for green hydrogen production, utilizing ethylene glycol. This initiative reflects the company s commitment to exploring innovative applications in the glycol pump sector.

Classification of the Industry Survey for Glycol Pumps

  • By Type :
    • Ethylene
    • Propylene
  • By Capacity :
    • Less than 5 Gpm
    • 5-10 Gpm
    • 10-15 Gpm
    • Above 15 Gpm
  • By Operating Pressure :
    • Less than 50 Bar
    • 50-100 Bar
    • 100-150 Bar
    • Above 150 Bar
  • By Pump Type :
    • Centrifugal Pumps
    • Positive Displacement Pumps
  • By End-use Industry :
    • Chemicals & Petrochemicals
    • Food & Beverages
    • Pharmaceuticals
    • Automotive & Transportation
    • Oil & Gas
    • Cosmetics
    • Plastics
    • Paints and Inks
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Customize this report by visiting this link: https://www.factmr.com/connectus/sample?flag=RC&rep_id=7500

With industries continuing to place a high priority on sustainability and energy efficiency, the glycol pumps market is expected to grow rapidly. These pumps are essential parts in today’s energy-conscious world since they help maintain ideal temperatures in a variety of industrial applications. Glycol pumps represent a potential industry with further technology improvements and increasing emphasis on environmental responsibility. Glycol pumps will continue to lead the industry in effective fluid management solutions as it develops and grows over the next years.

Contact: (628) 251-1583, +353-1-4434-232; Fax: 11140 Rockville Pike, Suite 400, Rockville, MD 20852, United States; Email: [email protected]

Leave A Reply

Your email address will not be published.