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    Circulator Pumps Market Report

    Circulator Pumps Market Report
    Report code - SR1141 Delivery - 2 Weeks
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    Circulator Pumps Market, Dynamics, Trends, Market Insights
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    Market Insights

    The Circulator Pumps Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.

    Figure: Circulator Pumps Market Size, 2020-2026 (USD Million)

    Circulator-Pumps-Market-Forecast

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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.

    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 Trends

    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.

    COVID-19 Impact on Global Circulator Pumps Market

    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.

    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?

    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

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    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

    Frequently Asked Questions (FAQs)

    Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years.

    The residential segment is expected to grow at the highest CAGR in the circulator pumps market in the next five years.

    Circulator pumps vendors, Circulator pumps retailers, Industrial companies, Commercial companies are the target audience in the circulator pumps market.

    Growing usage of circulator pumps in commercial industries, demand for hot water circulator pumps are the factors driving the growth of circulator pumps market.

    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) are among the key players in the circulator pumps market.