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Asia Pacific Circulator Pumps Market Size, Share & Trends Analysis Report By End User, By Flow Rate (More than 45 m3/hr, Less than 15 m3/h, 30-45 m3/hr, and 15-30 m3/hr), By Application, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 151 Pages
  • March 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953795
The Asia Pacific Circulator Pumps Market would witness market growth of 3.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 21,711.5 thousand units, showcasing a growth of 3.1% (2019-2022).

Circulator pumps with capacities exceeding 45 m3/h are engineered to meet the demanding requirements of large-scale commercial and industrial applications where substantial fluid circulation is imperative. In commercial buildings such as shopping malls, hotels, or office complexes, these high-capacity pumps are employed in HVAC systems to efficiently distribute heated or chilled water throughout extensive networks of pipes and ducts. Therefore, the China market consumed 2,508.1 thousand units of pumps with exceeding 45 m3/h in the market in 2022.



The China market dominated the Asia Pacific Circulator Pumps Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,843.9 million by 2030. The Japan market is registering a CAGR of 3.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 4% during (2023 - 2030).

These pumps are essential components in hydronic heating systems, where they circulate hot water from the boiler or heat source to heating zones such as radiators, baseboards, or underfloor heating systems. By continuously circulating hot water through the system, circulator pumps ensure uniform heat distribution, efficient heat transfer, and consistent indoor comfort. Circulator pumps are integral to optimal heating performance in residential buildings, commercial facilities, or industrial plants.

In cooling applications, these pumps are vital in circulating chilled water or coolant through cooling coils, heat exchangers, or process equipment to remove excess heat and maintain temperature control. These pumps are commonly used in HVAC systems, chillers, cooling towers, and refrigeration units to facilitate the transfer of heat from indoor spaces or industrial processes to the external environment. By circulating coolants efficiently, circulator pumps help prevent overheating, maintain equipment reliability, and ensure comfort in indoor environments.

As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. Similarly, according to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share. It is already the second-largest urban community globally. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.

Based on End User, the market is segmented into Commercial, Residential, and Industrial. Based on Flow Rate, the market is segmented into More than 45 m3/hr, Less than 15 m3/h, 30-45 m3/hr, and 15-30 m3/hr. Based on Application, the market is segmented into Industrial Circulation, Hot Water Heating System, Solar & Geothermal Systems, Air Conditioning, Domestic Water Recirculation and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Xylem, Inc.
  • Paloma Co., Ltd. (Rheem Manufacturing Company)
  • Honeywell International, Inc.
  • The Danfoss Group
  • Grundfos Holding A/S
  • Pentair PLC
  • Flowserve Corporation
  • WILO SE
  • Taco, Inc.
  • Armstrong Fluid Technology Inc.

Market Report Segmentation

By End User (Volume, Thousand Units, USD Billion, 2019-2030)
  • Commercial
  • Residential
  • Industrial
By Flow Rate (Volume, Thousand Units, USD Billion, 2019-2030)
  • More than 45 m3/hr
  • Less than 15 m3/h
  • 30-45 m3/hr
  • 15-30 m3/hr
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
  • Industrial Circulation
  • Hot Water Heating System
  • Solar & Geothermal Systems
  • Air Conditioning
  • Domestic Water Recirculation
  • Others
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Circulator Pumps Market, by End User
1.4.2 Asia Pacific Circulator Pumps Market, by Flow Rate
1.4.3 Asia Pacific Circulator Pumps Market, by Application
1.4.4 Asia Pacific Circulator Pumps Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies deployed in Circulator Pumps Market
Chapter 5. Asia Pacific Circulator Pumps Market by End User
5.1 Asia Pacific Commercial Market by Country
5.2 Asia Pacific Residential Market by Country
5.3 Asia Pacific Industrial Market by Country
Chapter 6. Asia Pacific Circulator Pumps Market by Flow Rate
6.1 Asia Pacific More than 45 m3/hr Market by Country
6.2 Asia Pacific Less than 15 m3/h Market by Country
6.3 Asia Pacific 30-45 m3/hr Market by Country
6.4 Asia Pacific 15-30 m3/hr Market by Country
Chapter 7. Asia Pacific Circulator Pumps Market by Application
7.1 Asia Pacific Industrial Circulation Market by Country
7.2 Asia Pacific Hot Water Heating System Market by Country
7.3 Asia Pacific Solar & Geothermal Systems Market by Country
7.4 Asia Pacific Air Conditioning Market by Country
7.5 Asia Pacific Domestic Water Recirculation Market by Country
7.6 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Circulator Pumps Market by Country
8.1 China Circulator Pumps Market
8.1.1 China Circulator Pumps Market by End User
8.1.2 China Circulator Pumps Market by Flow Rate
8.1.3 China Circulator Pumps Market by Application
8.2 Japan Circulator Pumps Market
8.2.1 Japan Circulator Pumps Market by End User
8.2.2 Japan Circulator Pumps Market by Flow Rate
8.2.3 Japan Circulator Pumps Market by Application
8.3 India Circulator Pumps Market
8.3.1 India Circulator Pumps Market by End User
8.3.2 India Circulator Pumps Market by Flow Rate
8.3.3 India Circulator Pumps Market by Application
8.4 South Korea Circulator Pumps Market
8.4.1 South Korea Circulator Pumps Market by End User
8.4.2 South Korea Circulator Pumps Market by Flow Rate
8.4.3 South Korea Circulator Pumps Market by Application
8.5 Singapore Circulator Pumps Market
8.5.1 Singapore Circulator Pumps Market by End User
8.5.2 Singapore Circulator Pumps Market by Flow Rate
8.5.3 Singapore Circulator Pumps Market by Application
8.6 Malaysia Circulator Pumps Market
8.6.1 Malaysia Circulator Pumps Market by End User
8.6.2 Malaysia Circulator Pumps Market by Flow Rate
8.6.3 Malaysia Circulator Pumps Market by Application
8.7 Rest of Asia Pacific Circulator Pumps Market
8.7.1 Rest of Asia Pacific Circulator Pumps Market by End User
8.7.2 Rest of Asia Pacific Circulator Pumps Market by Flow Rate
8.7.3 Rest of Asia Pacific Circulator Pumps Market by Application
Chapter 9. Company Profiles
9.1 Xylem, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Paloma Co., Ltd. (Rheem Manufacturing Company)
9.2.1 Company Overview
9.2.2 SWOT Analysis
9.3 Honeywell International, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 The Danfoss Group
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Grundfos Holding A/S
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Pentair PLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Flowserve Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 SWOT Analysis
9.8 WILO SE
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Research & Development Expenses
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.9 Taco, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.10. Armstrong Fluid Technology Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
9.10.2.2 Geographical Expansions:

Companies Mentioned

  • Xylem, Inc.
  • Paloma Co., Ltd. (Rheem Manufacturing Company)
  • Honeywell International, Inc.
  • The Danfoss Group
  • Grundfos Holding A/S
  • Pentair PLC
  • Flowserve Corporation
  • WILO SE
  • Taco, Inc.
  • Armstrong Fluid Technology Inc.

Methodology

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