Press release
The global Circulator Pumps Market is projected to grow at a CAGR of 3.4 percent during the forecast period from 2022 to 2029, reaching a market value of USD 24.4 Bn. The market was valued at USD 19.1 Bn in 2022.
Circulator Pumps Market
The demand for energy-efficient heating and cooling solutions is a key driver for the growth of the circulator pumps market. Rising energy costs, stringent government regulations on energy efficiency, and growing awareness about environmental sustainability are fueling the demand for energy-efficient solutions. The market is witnessing significant growth due to the increasing adoption of circulator pumps in residential homes, commercial buildings, and industrial facilities.
The report provides valuable insights into the market, including the major players in the industry, such as Grundfos, Wilo, Armstrong Fluid Technology, and Taco Comfort Solutions. These companies offer a wide range of circulator pumps catering to different applications and customer requirements.
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Circulator Pumps Market Dynamics:
According to the report, the wet rotor circulator pump segment holds the largest market share during the forecast period, owing to its lower cost and widespread usage in residential heating systems. The residential segment dominates the market in terms of application due to the increasing demand for energy-efficient solutions in residential buildings. Geographically, the Asia Pacific region holds the largest market share due to the growing construction industry and rising demand for heating and cooling systems in the region.
Despite the positive outlook, the circulator pumps market faces challenges such as fluctuating raw material prices, intense competition, and the availability of alternative solutions. However, the market is expected to continue its growth trajectory driven by the increasing demand for energy-efficient solutions in the heating and cooling industry.
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Circulator Pumps Market Regional Insights:
The circulator pumps market is segmented based on product type, application, rotor type, power consumption, distribution channel, and geography. Product types include vertical circulator pumps and horizontal circulator pumps. Rotor types consist of wet rotor circulator pumps, dry rotor circulator pumps, and canned motor circulator pumps. Applications encompass residential, commercial, and industrial sectors. Geographically, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
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Circulator Pumps Market Segmentation
By Product Type:
• Vertical circulator pumps
• Horizontal circulator pumps
By Application:
• Residential
• Commercial
• Industrial
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
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Circulator Pumps Market Key Competitors 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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Table of Content for Circulator Pumps Market
1. Global Circulator Pumps Market: Research Methodology
2. Global Circulator Pumps Market: Executive Summary
• Market Overview and Definitions
o Introduction to Global Market
• Summary
o Key Findings
o Recommendations for Investors
o Recommendations for Market Leaders
o Recommendations for New Market Entry
3. Global Circulator Pumps Market: Competitive Analysis
• MMR Competition Matrix
o Market Structure by region
o Competitive Benchmarking of Key Players
• Consolidation in the Market
o M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o South America
• COVID-19 Impact
4. Global Circulator Pumps Market Segmentation
• Global Market, by Product Type (2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by No. Of Stages (2021-2029)
• Global Market, by Power Consumption (2021-2029)
• Global Market, by Distribution Channel (2021-2029)
• Global Market, by Rotor Type (2021-2029)
5. Regional Circulator Pumps Market (2021-2029)
• Regional Market, by Product Type (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by No. Of Stages (2021-2029)
• Regional Market, by Power Consumption (2021-2029)
• Regional Market, by Distribution Channel (2021-2029)
• Regional Market, by Rotor Type (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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
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