The Global Circulator Pumps Market size is expected to reach $20.3 billion by 2030, rising at a market growth of 3.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 46,743.5 thousand units, experiencing a growth of 2.9% (2019-2022).
Water conservation initiatives and regulations encourage the adoption of domestic water recirculation systems to minimize water wastage and promote efficient water use. Therefore, the domestic water recirculation segment captured $1,237.1 million revenue in the market in 2022. Also, the Russian market utilized 187.2 thousand units in the market in 2022. Recirculation systems reduce the need to run faucets or showers to wait for hot water, thereby conserving water and reducing water consumption. It enables efficient water circulation in recirculation systems, optimizing energy usage and reducing the environmental impact of water heating and distribution.
In commercial, industrial, and residential solar thermal systems, circulating pumps are essential for heating water or space. Adopting hybrid systems for energy-efficient heating and cooling drives the demand for circulator pumps compatible with hybrid system configurations, leading to market growth. Thus, because of the increasing adoption of renewable energy, the market is anticipated to grow significantly.
Additionally, Urbanization increases demand for buildings and infrastructure such as residential complexes, commercial buildings, industrial facilities, and public utilities. According to the report by the World Bank updated in 2023, 56% of the world's population, or 4.4 billion people, live in cities. By 2050, nearly 7 out of 10 individuals will reside in cities, representing more than doubling the current urban population. Hence, urbanization and infrastructure development has been a pivotal factor in driving the growth of the market.
However, Circulator pump manufacturing relies on various raw materials, including metals, plastics, electronic components, and seals. Transportation delays, capacity constraints, and logistical challenges may impact delivery schedules and lead times. Manufacturers and distributors may struggle to meet customer expectations for timely order fulfillment and product availability, resulting in lost sales and customer dissatisfaction. Thus, supply chain disruptions can slow down the growth of the market.
The market is characterized by intense competition driven by factors such as technological advancements, regulatory changes, and evolving customer preferences. Major players in the market continuously innovate to develop energy-efficient, high-performance circulator pumps that meet the stringent requirements of various industries including HVAC, water management, and industrial processes. Additionally, the market witness’s competition from regional players offering cost-effective solutions tailored to local market demands. As sustainability and energy efficiency become increasingly important, manufacturers focus on developing eco-friendly pumps to gain a competitive edge. Partnerships, mergers, and acquisitions are common strategies adopted by companies to expand their market presence and strengthen their product portfolios. Overall, the market is highly competitive, driving companies to differentiate themselves through innovation, quality, and customer-centric approaches.
Water conservation initiatives and regulations encourage the adoption of domestic water recirculation systems to minimize water wastage and promote efficient water use. Therefore, the domestic water recirculation segment captured $1,237.1 million revenue in the market in 2022. Also, the Russian market utilized 187.2 thousand units in the market in 2022. Recirculation systems reduce the need to run faucets or showers to wait for hot water, thereby conserving water and reducing water consumption. It enables efficient water circulation in recirculation systems, optimizing energy usage and reducing the environmental impact of water heating and distribution.
In commercial, industrial, and residential solar thermal systems, circulating pumps are essential for heating water or space. Adopting hybrid systems for energy-efficient heating and cooling drives the demand for circulator pumps compatible with hybrid system configurations, leading to market growth. Thus, because of the increasing adoption of renewable energy, the market is anticipated to grow significantly.
Additionally, Urbanization increases demand for buildings and infrastructure such as residential complexes, commercial buildings, industrial facilities, and public utilities. According to the report by the World Bank updated in 2023, 56% of the world's population, or 4.4 billion people, live in cities. By 2050, nearly 7 out of 10 individuals will reside in cities, representing more than doubling the current urban population. Hence, urbanization and infrastructure development has been a pivotal factor in driving the growth of the market.
However, Circulator pump manufacturing relies on various raw materials, including metals, plastics, electronic components, and seals. Transportation delays, capacity constraints, and logistical challenges may impact delivery schedules and lead times. Manufacturers and distributors may struggle to meet customer expectations for timely order fulfillment and product availability, resulting in lost sales and customer dissatisfaction. Thus, supply chain disruptions can slow down the growth of the market.
By End User Analysis
On the basis of end user, the market is divided into residential, commercial, and industrial. In 2022, the commercial segment dominated the market with 28.92% revenue share. In terms of volume, commercial segment registered 18,860.1 thousand units in commercial segment in 2022. Commercial buildings, such as hotels, restaurants, and healthcare facilities, require efficient hot water recirculation systems to meet the demand for instant hot water and minimize water wastage.By Flow Rate Analysis
By flow rate, the market is categorized into less than 15 m3/h, 15-30 m3/hr, 30-45 m3/hr, and more than 45 m3/hr. The 15-30 m3/hr segment covered a 8.94% revenue share in the market in 2022. In terms of volume, 15-30 m3/hr segment consumed 5,139.2 thousand units in 15-30 m3/hr segment in 2022. Circulator pumps within the 15-30 m3/hr segment offer versatility in their applications, making them suitable for a broader range of residential, commercial, and industrial uses.
By Application Analysis
Based on application, the market is classified into hot water heating system, industrial circulation, domestic water recirculation, solar & geothermal systems, air conditioning, and others. The industrial circulation segment acquired the 28.85% revenue share in the market in 2022. In terms of volume, industrial circulation segment would register 18,123.4 thousand units by 2030. The ongoing expansion and modernization of industrial facilities drive the demand for these pumps used in industrial circulation applications.By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a 26.20% revenue share in the market. In terms of volume, North America region make use of 11,362.4 thousand units in 2030. The construction industry in North America experiences periods of growth and expansion, leading to increased demand for these pumps in new construction projects.Market Competition and Attributes
The market is characterized by intense competition driven by factors such as technological advancements, regulatory changes, and evolving customer preferences. Major players in the market continuously innovate to develop energy-efficient, high-performance circulator pumps that meet the stringent requirements of various industries including HVAC, water management, and industrial processes. Additionally, the market witness’s competition from regional players offering cost-effective solutions tailored to local market demands. As sustainability and energy efficiency become increasingly important, manufacturers focus on developing eco-friendly pumps to gain a competitive edge. Partnerships, mergers, and acquisitions are common strategies adopted by companies to expand their market presence and strengthen their product portfolios. Overall, the market is highly competitive, driving companies to differentiate themselves through innovation, quality, and customer-centric approaches.
Recent Strategies Deployed in the Market
- Nov- 2023: WILO USA LLC, a subsidiary of WILO SE, launched Wilo-Star E 21, the new EC motor-driven, high-efficiency wet-rotor circulator for the residential and commercial HVAC markets. It is designed to improve performance and save energy consumption at the same time. Through this launch, the company will expand its product portfolio.
- Nov- 2023: WILO SE has reached an agreement to acquire Plad Equipment Ltd., which specializes in pumps and packaged pump systems for HVAC and irrigation applications, to meet local customer needs with locally manufactured products. Through this acquisition, the company is planning to expand its customer base in the Canadian market to further serve their needs.
- Nov- 2023: The Danfoss Group announced the launch of the TIER 2 Standard Plus service pump, specially designed for the French market. Through this product launch, the company will offer high performance while reducing the overall costs of installers and end customers. Additionally, this will enhance the company's portfolio in the French market.
- Jun-2023: Xylem, Inc. launched the Godwin HL270M Dri-Prime Pump, a high-pressure dewatering pump. The Godwin HL270M Dri-Prime Pump is designed to meet the unique demands of deep-mine and high-pressure water transfers and can deliver cost savings of up to 10% when compared with competing solutions. Through its launch, the company will allow customers to go deeper and further while making operations more efficient, sustainable, and safe.
- May-2023: Armstrong Fluid Technology Inc. launched a new high-performance pressurizing pump for the Latin American residential market to increase hydraulic pressure in homes that have dishwashers, high-flow showerheads, water heaters, and other high-demand equipment. Through this product launch, the company will expand its product portfolio.
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
- More than 45 m3/hr
- Less than 15 m3/h
- 30-45 m3/hr
- 15-30 m3/hr
- Industrial Circulation
- Hot Water Heating System
- Solar & Geothermal Systems
- Air Conditioning
- Domestic Water Recirculation
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Global Circulator Pumps Market by End User
Chapter 6. Global Circulator Pumps Market by Flow Rate
Chapter 7. Global Circulator Pumps Market by Application
Chapter 8. Global Circulator Pumps Market by Region
Chapter 9. Company Profiles
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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