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North America 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

  • 130 Pages
  • March 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953499
The North America Circulator Pumps Market would witness market growth of 2.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 10,609.7 thousand units, showcasing a growth of 2.3% (2019-2022).

Circulator pumps with capacities ranging from 15 to 30 m3/h are versatile components with numerous applications across various sectors. In residential settings, these pumps are commonly employed in larger homes or multi-story buildings where higher flow rates are necessary to efficiently circulate water in heating systems. They are instrumental in maintaining consistent temperatures throughout the structure, ensuring comfort and energy efficiency. Consequently, the US market utilized 951.0 thousand units of pumps with 15 to 30 m3/h in the market in 2022.



The US market dominated the North America Circulator Pumps Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,831.5 million by 2030. The Canada market is experiencing a CAGR of 2.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 3.6% during (2023 - 2030).

These pumps are critical in municipal infrastructure projects, contributing to efficient water management, wastewater treatment, and irrigation systems. These pumps are utilized in water distribution networks to maintain water pressure, overcome elevation differences, and ensure adequate water supply to communities. In wastewater treatment plants, it facilitates the circulation and aeration of wastewater to promote biological treatment processes and remove contaminants. Additionally, irrigation systems use these pumps to distribute water evenly across agricultural fields, parks, and landscaping areas, supporting crop growth and landscape maintenance.

Moreover, these pumps are increasingly integrated into renewable energy systems such as solar thermal systems, geothermal heat pumps, and heat recovery systems. For instance, the International Energy Agency projects that by early 2025, renewable energy sources will account for more than one-third of all electricity generation, surpassing coal. In solar thermal systems, it circulates heat transfer fluid (e.g., glycol) between solar collectors and heat storage tanks, enabling the capture and utilization of solar energy for space heating or hot water production.

Urbanization in Canada is driving population growth in cities and metropolitan areas, increasing the demand for modern infrastructure and utilities. Many municipalities in Canada are investing in the renewal and upgrading of aging infrastructure, including water distribution networks, sewage systems, and district heating/cooling networks. Adopting district energy systems is gaining momentum in Canadian cities as a sustainable solution for providing centralized heating and cooling services to multiple buildings. Canada has abundant renewable energy resources, including hydroelectric, wind, solar, and biomass. Hence, the factors mentioned above will drive the regional market growth.

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 U.S., Mexico, Canada, and Rest of North America.

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)
  • US
  • Canada
  • Mexico
  • Rest of North America

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 North America Circulator Pumps Market, by End User
1.4.2 North America Circulator Pumps Market, by Flow Rate
1.4.3 North America Circulator Pumps Market, by Application
1.4.4 North America 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. North America Circulator Pumps Market by End User
5.1 North America Commercial Market by Country
5.2 North America Residential Market by Country
5.3 North America Industrial Market by Country
Chapter 6. North America Circulator Pumps Market by Flow Rate
6.1 North America More than 45 m3/hr Market by Country
6.2 North America Less than 15 m3/h Market by Country
6.3 North America 30-45 m3/hr Market by Country
6.4 North America 15-30 m3/hr Market by Country
Chapter 7. North America Circulator Pumps Market by Application
7.1 North America Industrial Circulation Market by Country
7.2 North America Hot Water Heating System Market by Country
7.3 North America Solar & Geothermal Systems Market by Country
7.4 North America Air Conditioning Market by Country
7.5 North America Domestic Water Recirculation Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Circulator Pumps Market by Country
8.1 US Circulator Pumps Market
8.1.1 US Circulator Pumps Market by End User
8.1.2 US Circulator Pumps Market by Flow Rate
8.1.3 US Circulator Pumps Market by Application
8.2 Canada Circulator Pumps Market
8.2.1 Canada Circulator Pumps Market by End User
8.2.2 Canada Circulator Pumps Market by Flow Rate
8.2.3 Canada Circulator Pumps Market by Application
8.3 Mexico Circulator Pumps Market
8.3.1 Mexico Circulator Pumps Market by End User
8.3.2 Mexico Circulator Pumps Market by Flow Rate
8.3.3 Mexico Circulator Pumps Market by Application
8.4 Rest of North America Circulator Pumps Market
8.4.1 Rest of North America Circulator Pumps Market by End User
8.4.2 Rest of North America Circulator Pumps Market by Flow Rate
8.4.3 Rest of North America 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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