Stratview Research has published a new report on the Electric Condensate Pump Market, segmented by Type (115 & 120 V, 230 V, Others), Application (Air Conditioning, Refrigeration and Ice Machine, Condensing Gas Furnace, Others), and Region. This report also covers the COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Electric Condensate Pump market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
The Electric Condensate Pump market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around x % during the forecast period.
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
To know more about the covid impact on the market, click here:
This report studies the Electric Condensate Pump Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
By application, the electric condensate pump market has been bifurcated into air conditioning, refrigeration, and ice machine, condensing gas furnaces, and others.
- Under these, the air conditioning segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
- The market growth can be attributed to the increasing demand for air conditioners in developing regions.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period.
- The regional growth can be attributed to increasing product demand in air conditioning and refrigeration & ice machines in developing countries such as China and India.
- The market growth in North America and Europe regions is expected to be driven by high demand for advanced condensate pumps coupled with the presence of key market players such as Pentair plc (US) and Aspen Pump (UK).
Following are the key players in the Electric Condensate Pump Market:
- Little Giant Ladder systems (The U.S),
- Grundfos (Denmark),
- Hartell (The U.S),
- Shippensburg Pump Co., Inc. (The U.S),
- DiversiTech (The U.S),
- Sauermann Group (The U.S),
- Pentair plc (The U.S),
- Aspen Pump (UK),
- Zoeller (The U.S),
- Beckett (The U.S),
- Crane Pumps & Systems, Inc (The U.S),
- Armstrong International, SA (The U.S), and
- Saniflo (The U.S).
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