Commercial Building Pumps: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

Water pump is a hydraulic machine used to raise, compress or transfer fluids. It is a mechanical device which imparts energy to a fluid and is primarily used for transportation of fluids. Commercial building pumps are used for water transport, fire management and waste management.

Market Insights

Global commercial building pumps market stood at $8.7 billion in 20233 and from 2023 to 2030, the demand is anticipated to expand at a compound annual growth rate (CAGR) of 7.5%. Rising investment in commercial construction is one of the major drivers behind the growth of commercial building pumps market. The growth of the commercial buildings market depends on several factors, including the growing commercial sector globally, the growing aggregate private investment, and the boost in e-commerce spending.

Asia-Pacific is dominating the global commercial building pumps market with more than 35% market share followed by North America and Europe. Rapid industrialization and urbanization are expected to support the commercial construction industry in emerging economies such as China, Thailand, Malaysia, and Indonesia. The Middle East has witnessed increased spending on the construction of commercial spaces, institutional buildings, manufacturing plants, and public works. This in turn driving the demand for pumps in commercial establishments.

Market Dynamics: Drivers

Green Buildings

 In general, buildings account for a sizable portion of the world’s energy use, resource utilisation, and greenhouse gas emissions. Green building is becoming more profitable and sought-after in the global construction sector as demand for more environmentally friendly building solutions rises. Many of the biggest commercial pump vendors in the market have changed their production processes in response to the recent introduction of the green building idea. To create extremely energy-efficient and intelligent commercial pumps, there has been a significant amount of research and development activity. Pumps, which are the main drivers of a building’s energy consumption, are particularly common in green buildings and are noted for their low energy consumption.

Commercial pumps that are more energy-efficient have been put in environmentally friendly structures to lessen the carbon imprint of the North American continent. For instance, buildings alone in the United States contribute about 40% of the country’s CO2 emissions, surpassing both the industrial and transportation sectors. Construction firms in the area started using Leadership in Energy and Environmental Design (LEED) guidelines to develop green buildings in order to keep things under control. In the US, LEED-certified buildings already emit 34% less CO2, use 25% less energy, 11% less water, and have diverted more than 80 million tonnes of trash from landfills, according to the US Green Building Council (USGBC).

Increased adaption of IoT

Increased adaption of IoT will be a major opportunity for a commercial pump market as pumps are going to have more embedded technology and be able to use advanced analytics to optimize themselves for the systems. This requires the modern commercial pumps market to cope up with the requirements. Hence, the commercial pumps market is on the verge of transformation providing an edge over the competitors to those vendors who have the capabilities to manufacture smart and energy efficient commercial pumps.

Market Segmentation

• Based on Type, the Global Commercial Building Pumps market is segmented into
  • Split Case
  • Inline
  • End Suction
  • Vertical Turbine
  • Submersible Pumps
  • Axial Flow/Propeller
  • Others
• Based on Application, the Global Commercial Building Pumps market is segmented into
  • Water
  • Wastewater
  • Fire
  • HVAC
  • Water Supply
  • Others
• Based on End Use, the Global Commercial Building Pumps market is segmented into
  • Commercial Offices
  • Hospitals
  • Hotels & Resorts
  • Restaurants
  • School and Colleges
  • Shopping Mall
  • Others
• Based on Geography, the Global Commercial Building Pumps market is segmented into
  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

• All market revenue has been given in US Dollar, while the market volumes are given in units.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Commercial Building Pumps Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Commercial Building Pumps Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Commercial Building Pumps Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Commercial Building Pumps Market study?