Swimming pool equipment for Commercial refers to commercial use defined as a combination of electronic and mechanical equipment designed to manage the disinfection, filtration, and circulation of swimming pool water individually or in combination with each other.
Commercial swimming pool equipment includes power equipment, filtration equipment, disinfection equipment, constant temperature equipment and sewage suction equipment. At present, power equipment, filtration equipment and constant temperature equipment occupy a large market share of 25.62%, 22.91% and 27.47%, respectively. Power equipment refers to all machinery that runs on fuel combustion or electric motors, including portable generators, pumps, and power backpack equipment. The filter equipment is composed of a water tank with some form of filter medium inside. The dirty water passes through the tank to remove dirt and debris from the water. Constant temperature equipment is a heating equipment specially used for swimming pools, keeping the water temperature in the swimming pool at 26-28 degrees, which is suitable for human body temperature. Many swimming pool owners will install pool thermostats to extend the season and increase the use of the swimming pool. In 2020, its market value has reached $1012.86 million, which is the highest value of all commercial swimming pool equipment.
Commercial swimming pool equipment is mainly used for School Pools, Leisure Centre, Hotel Swimming Pools and Spas, of which Hotel Swimming Pools and Spas occupies the largest market share in 2020, and the market value has reached $1376.78 million.
Global Swimming Pool Equipment for Commercial Pools Industry Market Status and Prospect Analysis
North America is the largest revenue market with a market share of 48.32% in 2015 and 44.78% in 2019, a decline of 3.54%. The US is the largest national economy in the world, where hedonism and consumerism are prevalent, resulting in a great demand for commercial pool equipment. Although the US economic outlook is generally healthy, the economy will still be affected by the current economic downturn. Its market share is also expected to shrink further to 38.47% by 2025 as the economies of other emerging regions rise and the increase in swimming pool construction.
In 2019, Europe ranked second with a market share of 29.54%. As the epidemic worsens, most countries in Europe have shut down cross-border logistics services and flights, making the transportation of pool equipment a major challenge. In addition, European countries banned people from going out to prevent and control the epidemic, and people could not go out for swimming, which greatly reduced the demand for pool equipment. In 2020, its market value declined to $1,084.39 million from $1,154.77 million in 2019. However, as the epidemic gradually gets under control, the rising standard of living of people and the demand for exercise will still bring about a turnaround in the commercial pool equipment industry. Its market value is expected to increase to $2,064.62 million by 2025.
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China ranked third in the world with a market share of 8.84% in 2019. In recent years, Chinese swimmers have repeatedly achieved good results in international competitions such as the Olympic Games and World Championships, and the sport of swimming has become increasingly popular among the Chinese public. The demand for swimming pools has risen significantly, which will increase the demand for pool equipment. The market value of commercial pool equipment in China was $345.57 million in 2019 and is expected to increase to $945.69 million by 2025.
The Global Swimming Pool Equipment for Commercial Pools Market will be Affected in the Short Term Due to the Outbreak of the COVID-19 Epidemic
Since the outbreak of the epidemic, many small and medium-sized pool equipment manufacturing enterprises began to run short of funds, and their solvency was thus reduced. Some enterprises are operating difficulties or even bankruptcy, indirectly leading to reduced demand for swimming equipment for downstream applications. Besides, the epidemic has led to disruptions in the supply chain of raw materials for pool equipment, forcing many companies to cut production. Therefore, the outlook for commercial pool equipment remains bleak in the short term. In 2020, the global commercial pool equipment market value decreases to $3687.15 million from $3909.19 million in 2019. However, the impact of the epidemic on commercial pool equipment remains short-lived in the long run. Through the outbreak, everyone has realized the importance of fitness. When the outbreak was under control, swimming pools began to operate normally. The swimming industry is bound to see a strong rebound, and sales of pool equipment will increase. Therefore, the commercial pool equipment industry is expected to grow more and more optimistically as long as companies are able to keep updating their product performance and appeal to consumers. Its market value is expected to rise to $7,158.88 million by 2025, with a CAGR of 10.61% for commercial pool equipment from 2019 to 2025.
With the development of national economy and the improvement of the living standard, the demand for entertainment will increase. In recent years, more and more people have begun to pay attention to sports and fitness, and attach the importance to the improvement of physical quality, which has promoted the development of the swimming industry. At the same time, with the continuous development of the real estate industry, more and more communities to improve the infrastructure and increase investment in the construction of swimming pools, these factors will certainly promote the development of pool equipment. With such a huge social demand, the swimming equipment industry will have a bright future.
In addition, technological advances also provide a great deal of room for improvement in pool equipment, promoting the development of the industry. It is expected that the market size of the swimming equipment industry will continue to expand in the coming years. In the future, with the improvement of public quality of life and consumption level, the swimming industry will also flourish, and the commercial pool equipment industry will become an industry with great value, influence and market potential.
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