230V Electric Condensate Pump Market, By Type (Less than 0.5 Inlet Diameter, 1--2, and 2--4), By Application (Air Conditioning, Gas Furnace, and Refrigeration & Ice Machine), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI343819 | Publish Date: May 2024 | No. of Pages: 180

Global V Electric Condensate Pump Overview

230V electric condensate pump is an important device used in many HVAC systems. It is used to remove condensed water from the system, which can then be drained away. This pump helps protect the equipment by removing excess moisture, and it also helps keep the air quality in the building more consistent.  Heating, ventilation, and air conditioning (HVAC) systems use electric condensate pumps to remove condensate water that collects during the cooling process. Electric Condensate pumps are made to manage the outflow of water that builds up inside HVAC equipment as a byproduct of condensation. Both residential and commercial settings may experience condensation. The pumps enable the safe and efficient discharge of the collected liquid, avoiding corrosion and waterlogging inside the system.

When water moves from a gas or vapor to a liquid state, condensate is produced. It usually happens in air conditioning systems, refrigeration equipment, and other kinds of cooling and heating equipment when vapor in warm air comes into contact with a cool surface. The electric condensate pump should be located below the drain pan of the HVAC system so gravity allows a natural flow to the condensate pump inlet. The pump can sit on the floor or be mounted onto the wall using the pump's mounting tabs.

230V Electric Condensate Pump Market Share

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global V Electric Condensate Pump Dynamics

230V Electric Condensate Pump Market Key Drivers:

Increasing installation of air conditioners:

  • There is an increased demand for air conditioners system with filter has increased as a result of customers growing focus on optimizing the quality of air in their homes owing to growing incidences of asthma, allergies, headache, and cardiovascular ailments brought on by polluted air. The need for this increasing across the variety of end-use sector, such as pharmaceutical, building, & construction, and food beverages, which is driving need for air conditioning and market revenue growth.

 Technological advancements in electric condensate pumps:

  • Market research indicates that smart condensate pumps with embedded sensors and advanced data analytics capabilities are becoming more and more necessary. In addition to maximizing energy efficiency, these pumps also lower downtime, facilitate predictive maintenance, and offer real-time operational efficiency data. Power plants and chemical processing facilities are among the industrial sectors driving this trend toward better reliability and cost reductions.

 230V Electric Condensate Pump Market Restrains:

High installation and maintenance cost:

  • Condensate pump systems might have comparatively expensive initial installation costs, particularly for large-scale applications. Furthermore, in order to guarantee the best possible performance from these pumps, routine maintenance and care are needed, which could raise operating expenses.

Lack of Awareness in Developing Region:

  • In some developing regions, there is lack of awareness about the benefits of condensate pump and their role HVAC system. This hamper market growth to some extent, as potential customers may not consider investing in these system.

230V Electric Condensate Pump Market Opportunities:

  • The growing emphasis on sustainable and eco-friendly HVAC solutions opens doors for promoting energy-efficient electric condensate pumps. Market opportunities lie in addressing environmental concerns and promoting the benefits of green technologies.

Global V Electric Condensate Pump Segmentation

230V Electric Condensate Pump Market is segmented based on type, application, and region

  • Less than 0.5 Inlet Diameter: An electric condensate pump with a 230V inlet diameter less than 0.5 is a small, low-power pump that is used to move liquid or gas between containers. They are commonly found in gas heaters, ice makers, air conditioning, and refrigeration systems. They are also utilized in other applications, such water treatment, where a tiny, low-power pump is needed.
  • 1—2: A 230V electric condensate pump can use a type of liquid condensate pump called 1-2. Its tiny size, inexpensive cost, and straightforward structure are its merits. For the 1-2, the capacity range is 0.75 gal/min to 3 gal/min. The following is how this kind of pump operates: The cooling medium heats up as it moves through the heat exchanger.
  • 2—4: A 2--4 230V electric condensate pump is a type of pump that is useful for moving gas or liquid between locations. These pumps are frequently utilized in situations with limited space since they are generally smaller in size than other types of pumps. They are also widely used to move gas or refrigerant from the compressor to the condenser in gas furnace and air conditioning systems.

Application Insights

  • Air Conditioning: In 2019 the application category for air conditioning dominated the global market and generated over 30.0% of total revenue. The increasing demand for air conditioners across a range of end-use industries, including commercial, industrial, and residential buildings, is responsible for this segment's growth. Moreover, during the course of the projected period, rising spending on home renovation projects is anticipated to fuel product demand.
  • Gas Furnace: Due to increasing industry participant spending in research and development activities related to energy-efficient products with superior quality standards, the gas furnace application category is expected to have considerable growth during the projection period. Condensate pumps are also utilized as gas furnace prime movers because of their capacity to remove humidity from supply lines and transmit heat into a building's heating system, or to restore it to its initial condition.
  • Refrigeration & Ice Machine: condensate pumps are not designed for commercial ice machines, some people have successfully used them on ice bin drains because the ice melt rate is similar to that of condensation. The amount of water that exits other parts of the ice maker such as the reservoir and condenser drains is too much for condensate pumps to handle. Since the ice machine's water volume exceeds the condensate pump's pumping capability, there is a risk that the pump will overflow and damage the floor.

Regional Insights:

230V Electric Condensate Pump Market Regional Insights:

  • North America the North America market is witnessing the substantial growth due to the increasing adoption of energy efficient HVAC system and the presence of well-established industrial sector. The United States and Canada are the major contributors to the market in this region. North America is the largest market in electric condensate pump
  • Asia Pacific The market for condensate pumps is projected to expand significantly. The region's market is expanding due to fast industrialization, urbanization, and rising demand for HVAC systems in nations like China and India.
  • The European Due to stringent energy efficiency regulations and a growing focus on sustainable practices, there is a significant demand for condensate pumps. Europe's market growth is driven by nations like France, Germany, and the United Kingdom.
  • Latin America Condensate pump use is steadily increasing, mostly due to the expansion of the building sector and growing public awareness of energy-efficient solutions. The two main countries driving this region's market expansion are Mexico and Brazil.
  • Middle East & Africa Due to the increasing number of development projects, this area presents a large opportunity for the condensate pump market. In nations like the United Arab Emirates and Saudi Arabia, in particular. Condensate pump demand is anticipated to increase in these areas as infrastructure projects progress.

230V Electric Condensate Pump Market Report Scope:

Attribute                        

Details

Market Size 2024

US$ 111 billion

Projected Market Size 2034

US$ 165.6 billion

CAGR Growth Rate

4.9%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Less than 0.5 Inlet Diameter, 1--2, and 2--4

By Application - Air Conditioning, Gas Furnace, and Refrigeration & Ice Machine

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the 230V Electric Condensate Pump Market report based on type, application and region:

230V Electric Condensate Pump Market, By Type:

  • Less than 0.5 Inlet Diameter
  • 1—2
  • 2—4

230V Electric Condensate Pump Market, By Application:

  • Air Conditioning
  • Gas Furnace
  • Refrigeration & Ice Machine

230V Electric Condensate Pump Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global V Electric Condensate Pump Key Players

The key players operating the 230V Electric Condensate Pump Market include Little Giant, Hartell, Sauermann Group, Shippensburg Pump Co., Inc., DiversiTech Corporation, Pentair plc, Zoeller Company, Liberty, Aspen Pumps Limited, and Grundfos.

230V Electric Condensate Pump Market Key Players

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global V Electric Condensate Pump Key Issues Addressed

  • In July 2020, Hartell introduced a New Mini-Split Condensate Pump for Reliable Conditioning Performance in summer included in fiber glass system business unit within NOV.

Global V Electric Condensate Pump Company Profile

  • Little Giant*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hartell
  • Sauermann Group
  • Shippensburg Pump Co., Inc.
  • DiversiTech Corporation
  • Pentair plc
  • Zoeller Company
  • Liberty
  • Aspen Pumps Limited
  • Grundfos 

“*” marked represents similar segmentation in other categories in the respective section.

Global V Electric Condensate Pump Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Less than 0.5 Inlet Diameter
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • 1--2
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • 2--4
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Air Conditioning
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Gas Furnace
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Refrigeration & Ice Machine
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Little Giant
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hartell
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sauermann Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Shippensburg Pump Co., Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DiversiTech Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Pentair plc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Zoeller Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Liberty
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Aspen Pumps Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Grundfos
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

230V electric condensate pump market report segments the market on the basis of type, application, and region.

The key players in this market Little Giant, Hartell, Sauermann Group, Shippensburg Pump Co., Inc., DiversiTech Corporation, Pentair plc, Zoeller Company, Liberty, Aspen Pumps Limited, Grundfos

High cost and maintenance might hamer the market.

Increasing demand for 230V electric condensate pump might drive the market of 230V Electric Condensate Pump Market.

North America dominates the region in 230V Electric Condensate Pump Market