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Circulator Pumps Market Synopsis

Circulator Pumps Market Size Was Valued at USD 18.58 Billion in 2023, and is Projected to Reach USD 25.54 Billion by 2032, Growing at a CAGR of 3.6% From 2024-2032.

The manufacture, distribution, and global consumption of circulator pumps together with their associated economic activity is often referred to as the global circulator pumps market. A type of centrifugal pump made especially for moving fluids around in a closed-loop system is the circulator pump. These pumps find extensive use in industrial process applications, geothermal heating and cooling systems, HVAC (heating, ventilation, and air conditioning) systems, and domestic hot water (DHW) systems.

  • Capacity (Q), pump pressure (Δp or delivery head ΔH), energy consumption (P), pump unit efficiency (η), impeller rotational speed (n), NPSH, and sound level (L) are some of the characteristics that define circulating pumps. In practice, pump curves are often used to illustrate the graphical relationship between Q, Δp (or ΔH), P, and η. These curves, which are given for pumping water with a density of 1000 kg/m³ and a kinematic viscosity of 1 mm²/s, are calculated using defined procedures. The pump curves must be revised if the pump is operated with liquids that differ in density and viscosity. Although these curves are usually found in operation manuals and catalogs, the manufacturer's guarantee covers their accuracy.

Circulator Pumps Market Trend Analysis

Growing Construction activity created the need for Circulator Pumps

  • The surge in construction not only necessitates the seamless circulation of heated or cooled water facilitated by circulator pumps but also emphasizes the growing importance of energy efficiency and sustainability in modern construction practices. As the construction sector continues to expand globally, the demand for circulator pumps is expected to remain robust, driving market growth and innovation.
  • For example, growing construction activity, epitomized by India's leading status in infrastructure projects as of May 2022, is a key driver for the circulator pumps market. With India boasting over 1,944 construction projects, surpassing China and the United States, the demand for circulator pumps is propelled by the need for efficient HVAC systems in residential, commercial, and industrial buildings.
  • This increase emphasizes how important circulator pumps are to maintaining effective HVAC systems in a variety of construction projects, especially as the focus on sustainability and energy efficiency grows. The global expansion of building activities is expected to sustain a robust demand for circulator pumps, hence propelling market growth and innovation.

High Requirement for Energy-Saving Solutions

  • The increased demand for energy-efficient solutions offers circulator pump producers a substantial market opportunity. The need for circulator pumps, which can lower HVAC system energy usage, is rising as concerns over sustainability and energy efficiency become more widespread. Producing and promoting energy-efficient circulator pumps allows producers to take advantage of this trend and satisfy customers who care about the environment.
  • According to research conducted by the Buildings Performance Institute Europe (BPIE), more stringent energy efficiency regulations within the European Union may result in a substantial rise in the adoption of high-efficiency circulator pumps. This surge could potentially see the market share of such pumps climbing to as much as 80% by the year 2030.
  • Hence, the growing demand for energy-efficient solutions presents a significant market opportunity for circulator pump producers, as concerns over sustainability rise. Producing energy-efficient circulator pumps enables producers to satisfy environmentally-conscious customers and lower HVAC system energy usage

Circulator Pumps Market Segment Analysis:

Circulator Pumps Market Segmented on the basis of Type, Flow Rate, Application, Distribution Channel, and End-user.

By Type, Cast Iron Circulator Pump segment is expected to dominate the market during the forecast period

  • A greater number of individuals use cast iron circulator pumps than bronze or stainless-steel ones. Cast iron circulator pumps have the highest market share. The reasons for this supremacy are numerous and important. First and foremost, their pricing is a big plus. These pumps are an affordable and easily obtainable alternative for homeowners and contractors with limited funds, thanks to cast iron.
  • Their outstanding durability also has a major impact. Because of its strength and durability, cast iron pumps are renowned for being able to withstand extended use in key applications such as hydronic heating systems. Because of its endurance, fewer replacements will be required over time to maintain consistent performance.
  • The longstanding presence of cast iron technology in the market has instilled trust and familiarity among industry professionals. Plumbers, contractors, and even DIY users prefer cast iron pumps due to their proven reliability and simple design. These factors collectively solidify the dominance of cast iron circulator pumps in the market.

By Application, Circulator Pumps segment dominates the Circulator Pumps Market

  • The usage of circulator pumps in various industrial processes and facilities where fluid circulation is essential for operational efficiency is covered in the "Industrial Circulation" section. These applications are used in many different industries, including as oil and gas, manufacturing, chemical processing, and power production. In industrial settings, circulator pumps are essential for transferring heat, keeping systems and equipment operating at optimal temperatures, and guaranteeing that liquids move through equipment and systems efficiently.
  • They are essential for activities like circulating coolant in industrial processes, cooling machinery, and allowing fluids to flow in large-scale heating or cooling systems. There is a rising need for modern circulator pump solutions that offer increased efficiency, decreased energy consumption, and higher dependability to satisfy the changing needs of industrial applications as businesses change and embrace technological innovations.

Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • North America's anticipated dominance in the circulator pumps market is closely tied to its high degree of urbanization compared to other regions. With an urbanization rate of 83% in 2023, North America represents a highly urbanized population base, driving significant demand for circulator pumps in various infrastructure and construction projects. This urbanization trend indicates a strong need for efficient HVAC systems, industrial circulation, and water management solutions, all of which rely on circulator pumps for optimal performance.
  • North America's robust economy and technological advancements play a crucial role in driving market dominance. The region's thriving industrial sector, particularly in manufacturing and construction, demands reliable and high-performance circulator pumps for a wide range of applications.
  • Overall, North America's strong economic foundation, urbanization rate, technological innovation, and sustainability initiatives position it as a dominant force in the global circulator pumps market.

Circulator Pumps Market Top Key Players:

  • Grundfos (Denmark)
  • Wilo SE (Germany)
  • Xylem (US)
  • Taco Comfort Solutions (US)
  • Calpeda (Italy)
  • DAB Pumps (Italy)
  • Laing Thermotech (Germany)
  • Armstrong Fluid Technology (Canada)
  • Ebara Corporation (Japan)
  • CNP Pump Industry (China)
  • Grundfos Pumps India (India)
  • Shimge Pump Industry Group (China)
  • LEO Gruppen (Denmark)
  • Speck Pumps (Germany)
  • Stuart & Turner Ltd (UK)
  • Salmson (France)
  • Freiwerk (Germany)
  • Fouress (China)
  • Sterling Fluid Systems (US)
  • Ruhrpumpen (Germany)
  • HYDRO-TECHNIK GmbH (Germany)
  • Zoeller Pump Company (US)
  • Zhejiang Chenjie Pump Industry CO.LTD (China)
  • Lamah Co. Ltd (Australia)
  • Flowserve Corporation (US) and other major players.

Key Industry Developments in the Circulator Pumps Market:

  • In March 2024, the eagerly projected Taco plant expansion in Fall River, Massachusetts, was getting way. This move greatly improved and expanded the manufacturer's capacity to produce larger tanks, heat exchangers, and a variety of other items. They were able to shorten lead times and increase capacity thanks to the $20+ million initiative.
  • In February 2022, Grundfos, a renowned leader in advanced pump solutions and water technology, has forged a groundbreaking agreement with EKF Denmark’s Export Credit Agency. This collaboration empowers Grundfos to provide financing for projects worldwide, catering to both private commercial and public customers facing budget constraints.
 

Global Circulator Pumps Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2022

Market Size in 2023:

USD 18.58 Bn.

Forecast Period 2024-32 CAGR:

3.6 %

Market Size in 2032:

USD 25.54 Bn.

Segments Covered:

By Type

  • Cast Iron Circulator Pump
  • Bronze Circulator Pump
  • Stainless Steel Circulator Pump

By Application

  • Industrial Circulation
  • Hot Water Heating System
  • Solar & Geothermal Systems
  • Air Conditioning
  • Domestic Water Recirculation

By Flow Rate

  • More than 45 m3/hr
  • Less than 15 m3/h
  • 30-45 m3/hr
  • 15-30 m3/hr

By Distribution Channel

  • Direct sales
  • Distributors

By End User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Construction Activity Created the Need for Circulator Pumps

Key Market Restraints:

  • Initial Cost of Installing a Circulator Pump is Higher

Key Opportunities:

  • High Requirement for Energy-Saving Solutions

Companies Covered in the report:

  • Grundfos (Denmark), Wilo SE (Germany), Xylem (US), Taco Comfort Solutions (US), Calpeda (Italy), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. CIRCULATOR PUMPS MARKET BY TYPE (2017-2030)
    1. CIRCULATOR PUMPS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. CAST IRON CIRCULATOR PUMP
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. BRONZE CIRCULATOR PUMP
    5. STAINLESS STEEL CIRCULATOR PUMP
  7. CIRCULATOR PUMPS MARKET BY APPLICATION (2017-2030)
    1. CIRCULATOR PUMPS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. INDUSTRIAL CIRCULATION
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. INDUSTRIAL CIRCULATION
    5. HOT WATER HEATING SYSTEM
    6. SOLAR & GEOTHERMAL SYSTEMS
    7. AIR CONDITIONING
    8. DOMESTIC WATER RECIRCULATION
  8. CIRCULATOR PUMPS MARKET BY FLOW RATE (2017-2030)
    1. CIRCULATOR PUMPS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. MORE THAN 45 M3/HR
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. LESS THAN 15 M3/H
    5. 30-45 M3/HR
    6. 15-30 M3/HR
  9. CIRCULATOR PUMPS MARKET BY DISTRIBUTION CHANNEL (2017-2030)
    1. CIRCULATOR PUMPS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. DIRECT SALES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. DISTRIBUTORS
  10. CIRCULATOR PUMPS MARKET BY END USER (2017-2030)
    1. CIRCULATOR PUMPS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. RESIDENTIAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. COMMERCIAL
    5. INDUSTRIAL
  11. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. CIRCULATOR PUMPS Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. GRUNDFOS
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. WILO SE (GERMANY)
    4. XYLEM (US)
    5. TACO COMFORT SOLUTIONS (US)
    6. CALPEDA (ITALY)
    7. DAB PUMPS (ITALY)
    8. LAING THERMOTECH (GERMANY)
    9. ARMSTRONG FLUID TECHNOLOGY (CANADA)
    10. EBARA CORPORATION (JAPAN)
    11. CNP PUMP INDUSTRY (CHINA)
    12. GRUNDFOS PUMPS INDIA (INDIA)
    13. SHIMGE PUMP INDUSTRY GROUP (CHINA)
    14. LEO GRUPPEN (DENMARK)
    15. SPECK PUMPS (GERMANY)
    16. STUART & TURNER LTD (UK)
    17. SALMSON (FRANCE)
    18. FREIWERK (GERMANY)
    19. FOURESS (CHINA)
    20. STERLING FLUID SYSTEMS (US)
    21. RUHRPUMPEN (GERMANY)
    22. HYDRO-TECHNIK GMBH (GERMANY)
    23. ZOELLER PUMP COMPANY (US)
    24. ZHEJIANG CHENJIE PUMP INDUSTRY CO.LTD (CHINA)
    25. LAMAH CO. LTD (AUSTRALIA)
    26. FLOWSERVE CORPORATION (US)
  12. GLOBAL CIRCULATOR PUMPS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Flow Rate
      6. Historic And Forecasted Market Size By Distribution Channel
      7. Historic And Forecasted Market Size By End-User
      8. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  13. INVESTMENT ANALYSIS
  14. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Circulator Pumps Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2022

Market Size in 2023:

USD 18.58 Bn.

Forecast Period 2024-32 CAGR:

3.6 %

Market Size in 2032:

USD 25.54 Bn.

Segments Covered:

By Type

  • Cast Iron Circulator Pump
  • Bronze Circulator Pump
  • Stainless Steel Circulator Pump

By Application

  • Industrial Circulation
  • Hot Water Heating System
  • Solar & Geothermal Systems
  • Air Conditioning
  • Domestic Water Recirculation

By Flow Rate

  • More than 45 m3/hr
  • Less than 15 m3/h
  • 30-45 m3/hr
  • 15-30 m3/hr

By Distribution Channel

  • Direct sales
  • Distributors

By End User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Construction Activity Created the Need for Circulator Pumps

Key Market Restraints:

  • Initial Cost of Installing a Circulator Pump is Higher

Key Opportunities:

  • High Requirement for Energy-Saving Solutions

Companies Covered in the report:

  • Grundfos (Denmark), Wilo SE (Germany), Xylem (US), Taco Comfort Solutions (US), Calpeda (Italy), and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Circulator Pumps Market research report?

The forecast period in the Circulator Pumps Market research report is 2024-2030.

Who are the key players in the Circulator Pumps Market?

Grundfos (Denmark), Wilo SE (Germany), Xylem (US), Taco Comfort Solutions (US), Calpeda (Italy), DAB Pumps (Italy), Laing Thermotech (Germany), Armstrong Fluid Technology (Canada), Ebara Corporation (Japan), CNP Pump Industry (China), Grundfos Pumps India (India), Shimge Pump Industry Group (China), LEO Gruppen (Denmark), Speck Pumps (Germany), Stuart & Turner Ltd (UK), Salmson (France), Freiwerk (Germany), Fouress (China), Sterling Fluid Systems (US), Ruhrpumpen (Germany), HYDRO-TECHNIK GmbH (Germany), Zoeller Pump Company (US), Zhejiang Chenjie Pump Industry CO.LTD (China), Lamah Co. Ltd (Australia), Flowserve Corporation (US), and and Other Major Players.

What are the segments of the Circulator Pumps Market?

The Circulator Pumps Market is segmented into Type, Application, Flow Rate, Distribution Channel, End-User and region. By Type, the market is categorized into Cast Iron Circulator Pump, Bronze Circulator Pump, Stainless Steel Circulator Pump. By Application, the market is categorized into Industrial Circulation, Hot Water Heating System, Solar & Geothermal Systems, Air Conditioning, Domestic Water Recirculation. By Flow Rate, the market is categorized into More than 45 m3/hr, Less than 15 m3/h, 30-45 m3/hr, 15-30 m3/hr. By Distribution Channel the market is categorized into Direct sales, Distributors. By End-User the market is categorized into Residential, Commercial, Industrial. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.)

What is the Circulator Pumps Market?

The manufacture, distribution, and global consumption of circulator pumps together with their associated economic activity is often referred to as the global circulator pumps market. A type of centrifugal pump made especially for moving fluids around in a closed-loop system is the circulator pump. These pumps find extensive use in industrial process applications, geothermal heating and cooling systems, HVAC (heating, ventilation, and air conditioning) systems, and domestic hot water (DHW) systems.

How big is the Circulator Pumps Market?

Circulator Pumps Market Size Was Valued at USD 18.58 Billion in 2023, and is Projected to Reach USD 25.54 Billion by 2032, Growing at a CAGR of 3.6% From 2024-2032.