Circulator Pumps Market is to reach USD 24.4 Bn by 2029 at a growth rate of 3.4 percent over the forecast period

Circulator Pumps Market is segmented based on Product Type, Application, No. Of Stages, Power Consumption, Distribution Channel, and Rotor Type. A bottom-up approach was used to estimate the Circulator Pumps Market size. The demand for energy-efficient circulator pumps is expected to boost the Circulator Pumps Market growth.

/EIN News/ -- Pune, May 29, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research, a global Energy & Power market research firm, has published a competitive intelligence and market research report on the “Circulator Pumps Market“. The Circulator Pumps Market size was valued at USD 19.1 Bn in 2022. The total Circulator Pumps Market revenue is expected to grow at a CAGR of 3.4 percent from 2022 to 2029, reaching USD 24.4 Bn during the forecast period.

Market Size in 2022	USD 19.1 Bn
Market Size in 2029	USD 24.4 Bn
CAGR	3.4 percent (2022-2029)
Forecast Period	2023-2029
Base Year	2022
Number of Pages	260
No. of Tables	125
No. of Charts and Figures	115
Segment Covered	Product Type, Application, No. Of Stages, Power Consumption, Distribution Channel, and Rotor Type
Regional Scope	North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage	Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Circulator Pumps Market Scope and Research Methodology

The report includes a detailed analysis of the Circulator Pumps Market. The competitive analysis in the report includes a company overview, financial performance, product portfolio, and strategies of the key players in the Circulator Pumps industry. Key insights provided in the report are the major drivers of the Circulator Pumps Market, the challenges faced by the market participants, and growth prospects in the Circulator Pumps Market across the world. The Circulator Pumps Market report covers a detailed analysis of the investments of market players to increase their global presence in the industry, which makes it an investor’s guide.

The segments covered in the report are Product Type, Application, No. Of Stages, Power Consumption, Distribution Channel, and Rotor Type. Primary and Secondary research methods were used to collect data for the Circulator Pumps market report. Primary research was conducted to validate the findings from the secondary research method. The Circulator Pumps size was estimated by using a bottom-up approach.

Circulator Pumps Market Overview

A circulator pump is a specific type of pump used to circulate gases or slurries in a closed circuit. Circulator pumps are found in circulating water in a hydronic heating and cooling system. These pumps are mostly used in hydronic systems for electrically powered centrifugal pumps. Use of circulator pumps for domestic hot water is expected to boost the Circulator pumps market growth. Technological advancements within the industry reduce energy waste when occupants are likely to use hot water.

Increasing demand for energy-efficient heating and cooling systems solutions to boost the Circulator Pumps market growth

The demand for circulator pumps has increased in residential and commercial heating and cooling systems. These pumps are mostly used in homes, commercial buildings, and industrial facilities, which is expected to boost the Circulator Pumps market growth. Demand for energy efficient heating and cooling systems is increasing day by day. Rising energy costs, stricter government regulations and awareness about environmental sustainability is expected to influence the Circulator pumps market growth. Wide range of circulator pumps to different applications and customer requirements significantly contribute to the growth of the market. Development of advanced technologies and materials by manufacturers to manufacture more efficient pumps is expected to boost the market growth.

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High cost of Circulator Pumps is expected to restrain the market growth.

Asia Pacific region to dominate the Circulator Pumps market growth

The growing trend of connected homes and buildings in Asia Pacific is expected to boost the regional Circulator Pumps market growth. Pump manufacturers in the region are focusing on sustainability in production. Increasing construction activities and rising demand for energy-efficient solutions is expected to boost the regional Circulator pump market growth in the region. Mergers and acquisitions, particularly in emerging markets, are contributing to the market growth in the region. Eco-friendly materials and processes, reducing waste, and improving the energy efficiency of the pump is expected to influence the market growth.

Circulator Pumps Market Segmentation

By Product Type

• Vertical circulator pumps
• Horizontal circulator pumps

Based on Product type, the market is segmented into Vertical circulator pumps and Horizontal circulator pumps. Vertical circulator pumps segment dominated the market in 2022 and is expected to continue the dominance over the forecast period. These pumps are designed to be installed vertically in a hydronic heating or cooling system with high pressure, as they are more efficient at moving fluids in a vertical direction.

By Application

• Residential
• Commercial
• Industrial
  

Based on Application, the market is segmented into Residential, Commercial, and Industrial segment. Residential segment is expected to dominate the market over the forecast period. They are used for heating and cooling systems in houses, apartments, and other residential buildings, which is expected to boost the segment growth in the market.

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By No. Of Stages

• Single Stage
• Multi-Stage

By Power Consumption

• Below 1 HP
• 1-5 HP
• Above 5 Hp
  

By Distribution Channel

• Direct Sales
• Distributors

By Rotor Type

• Below 100 Ah
• 100-200 Ah
• Above 200 Ah
  

Circulator Pumps market key players include

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

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Key questions answered in the Circulator Pumps Market are:

• What are Circulator Pumps Market?
• What was the Circulator Pumps market size in 2021?
• What is the expected Circulator Pumps market size by 2029?
• What is the growth rate of the Circulator Pumps Market?
• Which are the factors expected to drive the Circulator Pumps market growth?
• Which segment dominated the Circulator Pumps market growth?
• What is the demand pattern for the Circulator Pumps market?
• Which region held the largest share in the Circulator Pumps market?
• Who are the key players in the Circulator Pumps market?
  

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by Product Type, Application, No. Of Stages, Power Consumption, Distribution Channel, and Rotor Type
• 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

Maximize Market Research is leading Energy & Power research firm, has also published the following reports:

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