Circulator Pumps Market Growth Analysis | 2021-2026

Market Insights

The circulator pumps market was estimated at USD XX million in 2020 and is likely to grow at a CAGR of XX% during 2021-2026 to reach USD XX million in 2026.

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What are Circulator Pumps?

A circulator pump or circulating pump is a specific type of pump that is designed to circulate gases, or fluids in a closed circuit. They are commonly found circulating water in a hydronic heating or cooling system, without being exposed to atmospheric pressure.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the circulator pumps industry. Surging cases of coronavirus infections have resulted in social distancing and lockdown norms in various countries across the globe to curb the spread of the virus. This has resulted in limited operation activities in industrial manufacturing sectors such as automotive and chemicals as well as witnessed supply chain disruption, which affected the product demand during the pandemic.

Key Players

Key players operating in the circulator pumps market are-

• Grundfos (Denmark),
• Wilo (Germany),
• Flowserve (The U.S),
• KSB (Germany),
• Taco (US),
• Xylem Inc (The U.S),
• STEELE (The U.S),
• Ebara (Japan),
• Allweiler (Germany), and
• Sulzer (Switzerland).

Market Dynamics

Growing usage of circulator pumps in commercial industries is one of the key factors augmenting the product demand.

• The demand for hot water circulator pumps is further driven by growing adoption in the residential application as there is increasing preference for hot water increases in the different countries in different countries which have cold weather, which further augments the industry growth during the review period.
• Also, higher maintenance and installation costs are expected to hinder the industry's growth.

Segment's Analysis

Application Trends

Based on application, the circulator pumps market is classified into residential, industrial, and commercial. The residential segment held the largest share in 2020 and is projected to grow at the highest CAGR during the assessment period. Rising preference for hot water in cold countries coupled with an increasing need for circulator pumps in residential societies, further bolstering the segment growth.

Regional Analysis

By region, the Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to strong population growth, increasing purchasing power, growing industrial base in developing countries of China and India, further proliferates the regional market growth.

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Critical Questions Answered in the Report

• What are the key trends in the circulator pumps market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the circulator pumps market?
• What are the key strategies adopted by the major vendors to lead in the circulator pumps market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The Circulator Pumps Market is segmented into the following categories:

By Type

• Water-cooled Circulator Pumps
• Air-cooled Circulator Pumps
• Others

By Application Type

• Residential
• Industrial
• Infrastructure
• Commercial

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Target Audience

Here is the list of the group of customers that the circulator pumps market hopes to have the greatest opportunity to convert-

• Circulator pumps vendors
• Circulator pumps retailers
• Industrial companies
• Commercial companies

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the global market.

What Deliverables Will You Get in this Report?

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.