HVAC system is used to provide heating and cooling services to buildings. It has become the required industry standard for construction of new buildings.
Highlights
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global HVAC Pumps, Boosters and Heat Exchangers market is projected to reach US$ 7349.7 million by 2028 from an estimated US$ 5910.1 million in 2022, at a CAGR of 3.7% during 2023 and 2028.
Global HVAC Pumps, Boosters and Heat Exchangers key players include Wilo, Grundfos, Bell & Gossett, Armstrong, KSB, etc. Global top five manufacturers hold a share about 50%.
Europe is the largest market, with a share over 30%, followed by North America and China, both have a share over 40 percent.
In terms of product, Pumps is the largest segment, with a share ov
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