Circulator Pumps Market Overview

The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The Circulator Pumps Market overview provides thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.

The Global Circulator Pumps Market is valued at USD 19.1 Bn market in the year 2022 and is expected to grow at 3.4% CAGR to become USD 24.4 Bn market in 2029.

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Circulator Pumps Market Report Scope and Research Methodology

The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Circulator Pumps market. A thorough report includes the drivers, restraints, opportunities, and challenges of the Circulator Pumps market. To understand Circulator Pumps market estimations and growth rates, a bottom-up approach was used in the report.

Regional analysis of the Circulator Pumps market was conducted at a local, regional and global level to understand the Circulator Pumps market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Circulator Pumps market such as stakeholders, investors and new entrants used to develop marketing plans and investments.

The primary and secondary data methods were used for the data collection for the Circulator Pumps Market. The primary approach involves surveys, questionnaires and telephonic interviews with market leaders, business owners, etc. and the secondary data collection method includes press news, annual reports and financial reports, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Circulator Pumps Market

Circulator Pumps Market Regional Insights

The Circulator Pumps market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Circulator Pumps market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions.

Circulator Pumps Market Dynamics:

Rising energy costs and stringent government energy efficiency rules have increased demand for energy-efficient circulator pumps. This demand for energy-efficient solutions is projected to boost the Circulator Pumps Market growth in the approaching years. Construction sector growth, particularly in emerging countries such as Asia Pacific and the Middle East, is boosting demand for heating and cooling systems, which in turn drives demand for circulator pumps.

The building industry's expansion is projected to stimulate demand for circulator pumps in the future years. Manufacturers may now make more energy-efficient and cost-effective circulator pumps thanks to the advancement of innovative technology and materials.

Circulator Pumps Market Segmentation:

by Product Type

Vertical circulator pumps
Horizontal circulator pumps

Vertical circulator pumps are intended for vertical installation in a hydronic heating or cooling system. They are generally employed in applications where space is limited, such as in tall buildings where a horizontally placed pump would not fit. Vertical pumps are also utilised in systems that demand high flow rates or high pressure since they move fluids more efficiently in a vertical direction.

Horizontal circulator pumps, on the other hand, are intended for horizontal installation in a hydronic heating or cooling system. They are frequently employed in applications with greater accessible space and lower flow rate and pressure requirements than a vertical pump. Horizontal pumps are often more convenient.

by Application

Residential
Commercial
Industrial

Residential circulator pumps are typically used for heating and cooling systems in homes, apartments, and other residential structures. With a market value of USD 3.78 billion in 2022, the residential application segment accounted for the greatest proportion of the Global Circulator Pumps Market. This market is predicted to develop in the next years due to rising demand for energy-efficient heating and cooling systems in residential buildings.

Commercial: Circulator pumps are often found in larger buildings such as offices, hospitals, schools, and shopping malls. The commercial application segment is predicted to develop faster than the residential segment in the coming years, owing to the increased adoption of energy-efficient heating and cooling systems in commercial buildings.

by No. Of Stages

Single Stage
Multi-Stage

The single-stage circulator pump segment was the largest market in 2022. However, due to its superior efficiency and increased capacity to handle higher-pressure applications, the multi-stage circulator pump category is predicted to rise faster throughout the projection period.

by Power Consumption

Below 1 HP
1-5 HP
Above 5 Hp

The less than 1 HP segment held the greatest market share in 2022, owing to increased demand for small-sized circulator pumps in residential and small commercial applications. Because of the increasing demand for larger-sized pumps in commercial and industrial applications, the 1-5 HP category is predicted to develop significantly during the projection period.

by Distribution Channel

Direct Sales
Distributors

The distributor segment held the biggest market share in 2022, owing to distributors' extensive distribution network and ability to give customised solutions to consumers. Because of the increasing tendency towards direct-to-customer sales and the availability of online sales platforms, the direct sales category is predicted to develop faster throughout the forecast period.

by Rotor Type

Below 100 Ah
100-200 Ah
Above 200 Ah

Wet rotor circulator pumps have a wet rotor, which means the rotor is submerged in the fluid being pumped. They are commonly utilised in home heating systems and are less expensive than other types of circulator pumps.

Dry rotor circulator pumps: These pumps have a dry rotor design, which means the rotor is sealed off from the fluid being pumped. They are more energy-efficient than wet rotor pumps and are commonly utilised in commercial and industrial heating and cooling systems.
Vertical circulator pumps are intended for vertical installation in a hydronic heating or cooling system. They are generally utilised in applications where space is limited, such as in large buildings when there is insufficient place for a staircase.

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Circulator Pumps Market Key Players

1. Grundfos - Bjerringbro, Denmark
2. Wilo SE - Dortmund, Germany
3. Taco Comfort Solutions - Cranston, Rhode Island, USA
4. Xylem Inc. - Rye Brook, New York, USA
5. Armstrong Fluid Technology - Toronto, Canada
6. Honeywell International Inc. - Charlotte, North Carolina, USA
7. Pentair plc - London, UK
8. Rheem Manufacturing Company - Atlanta, Georgia, USA
9. Bell & Gossett (a brand of Xylem Inc.) - Morton Grove, Illinois, USA
10.Flowserve Corporation - Irving, Texas, USA
11.Danfoss A/S - Nordborg, Denmark
12.DAB Pumps S.p.A. - Mestrino, Italy
13.Zhejiang Doyin Pump Industry Co., Ltd. - Taizhou, China
14.ITT Inc. - White Plains, New York, USA
15.KSB SE & Co. KGaA - Frankenthal, Germany
16.Mitsubishi Electric Corporation - Tokyo, Japan
17.Panasonic Corporation - Osaka, Japan
18.Ebara Corporation - Tokyo, Japan
19.Shimge Pump Industry Group Co., Ltd. - Taizhou, China
20.Armstrong International, Inc. - Three Rivers, Michigan, USA
21.Circulator Pump Sales, Inc. - Denver, Colorado, USA
22.Taizhou Zunhualong Pump Co., Ltd. - Taizhou, China
23.Roper Technologies, Inc. - Sarasota, Florida, USA
24.Franklin Electric Co., Inc. - Fort Wayne, Indiana, USA
25.Shakti Pumps (India) Ltd. - Pithampur, India

Key questions answered in the Circulator Pumps Market are:

Which are the factors expected to drive the Circulator Pumps market growth?

What are the factors restraining the growth of the Circulator Pumps Market?

What is the demand pattern of the Circulator Pumps Market?

What major challenges could the Circulator Pumps Market face in the future?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)

Past Pricing and price curve by region (2018 to 2022)

Market Size, Share, Size & Forecast by different segment | 2023−2029

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

Market Segmentation – A detailed analysis by segment with their sub-segments and Region

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of Business by Region

Lucrative business opportunities with SWOT analysis

Recommendations

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