Glycol Pumps Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The Glycol Pumps Market has experienced significant shifts from 2018 to 2022, driven by a combination of technological advancements, regulatory changes, and fluctuating industrial demand. Over this period, the market for glycol pumps saw a steady rise, particularly due to increasing requirements in industries such as oil and gas, chemical processing, and HVAC systems. The need for glycol pumps in these sectors surged as industries sought more efficient methods of heat transfer and fluid circulation, especially in colder climates. In addition, the rising awareness of energy-efficient systems contributed to the demand for more sophisticated glycol pumping solutions.
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During the 2018-2022 period, the Glycol Pumps Market was marked by various factors such as the shift towards automation and smart technologies, which led to enhanced pump efficiency. Manufacturers introduced pumps equipped with advanced control systems that allowed for better monitoring and regulation, contributing to increased operational efficiency. The expansion of renewable energy sources, such as geothermal and solar power systems, also spurred the growth of the glycol pumps market. Geothermal power plants, which require glycol-based heat transfer fluids, increased the demand for glycol pumps during this period.
In contrast, from 2023 to 2033, the Glycol Pumps Market is expected to experience more rapid growth, fueled by new applications across various sectors. The increasing focus on sustainability and decarbonization in industrial processes will lead to an expanding need for efficient heat transfer solutions like glycol pumps. Furthermore, there is growing interest in maintaining temperature control systems in industries such as pharmaceuticals and food processing, where precise temperature regulation is critical. The adoption of electric vehicles (EVs) and the growing infrastructure for EV charging stations are also expected to contribute to a surge in demand for glycol pumps.
As for the future outlook, demand is expected to rise substantially as industries across the globe focus on lowering energy consumption and maintaining optimal fluid systems. From 2023 onward, more industries are projected to invest in advanced glycol pump technologies that are both eco-friendly and cost-efficient. While the global economic landscape might experience fluctuations, the long-term growth prospects for glycol pumps remain optimistic, particularly as the demand for energy-efficient systems intensifies.
Get an In-Depth Research Analysis of the Global Glycol Pumps Market Size And Forecast [2025-2032]
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
Sintech
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Glycol Pumps Market
Chemicals & Petrochemicals
Food & Beverages
Pharmaceuticals
Automotive & Transportation
Oil & Gas
Cosmetics
Paints and Inks
Others
Based on Types the Market is categorized into Below types that held the largest Glycol Pumps market share In 2023.
Centrifugal Pumps
Positive Displacement Pumps
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Glycol Pumps Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Glycol Pumps Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glycol Pumps Market, By Type
6. Global Glycol Pumps Market, By Application
7. Global Glycol Pumps Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Glycol Pumps Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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