Market Overview:
The global hot water circulating pumps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and reliable pumps across residential, commercial, and industrial applications. In addition, the growing awareness about pump efficiency is also propelling the growth of this market. Based on type, brushed DC pumps are expected to hold a major share of the global hot water circulating pumps market in 2018. These pumps are known for their high reliability and low maintenance requirements as compared to other types of pumps available in the market. By application, commercial applications are expected to account for a major share of the global hot water circulating pump market in 2018 owing to increased demand from large establishments such as hospitals, schools, office buildings, etc.
Product Definition:
A hot water circulating pump is a device used to circulate hot water through a system. This type of pump is often used in heating systems to move heated water throughout the home. The importance of this type of pump is that it helps to ensure that the heated water reaches all parts of the system, providing even heat distribution.
By Products Type:
By products type, it's usage and growth factor in hot water circulating pumps market is classified into By-products & Resins, Chemicals & Fertilizers. The chemical fertilizer segment has been dominating the market over the past few years owing to its increasing demand from emerging economies such as India and China.
Brushed DC Pumps:
Brushed DC pumps are used in the process of transferring fluid from one place to another using a rotating brush as an implement. The mechanism works on the principle of “commutator” which is responsible for circulating the current round the rotor and causes it to move particles around, thus creating a vacuum and removing waste materials. These types of pumps are primarily used for applications that require high viscosity low pressure drop liquids or where there is no pressure loss involved.
Application Insights:
The industrial application segment led the global market and accounted for more than 45.0% share of the total revenue in 2017. The growth of this segment is attributed to increasing demand for hot water across various industries including chemical, petrochemical, power generation, and pharmaceuticals. In addition, rising use of these pumps in oil & gas industry is expected to drive product demand over the forecast period.
Residential application dominated the commercial segment with a significant share of 54.4% in 2017 owing to growing urbanization along with technological advancements that have resulted in reduced cost and effort required for providing hot water from taps across households globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of industries that use hot water for various processes, such as chemical, oil & gas, food processing and pharmaceutical. These industries are anticipated to drive the demand for hot water circulating pumps in APAC over the forecast period.
The presence of numerous manufacturing facilities using hot water for production is also likely to boost product demand across several countries including China, India Japan South Korea Indonesia Thailand Vietnam among others are some major consumers of these products globally owing to availability of low-cost labor.
Growth Factors:
- Increasing demand for hot water circulating pumps from the residential and commercial sectors due to the growth of construction and infrastructure activities.
- Rising awareness about energy-efficient hot water circulating pumps among consumers, which is resulting in an increase in their adoption across various applications.
- Growing demand for solar-powered hot water circulating pumps owing to the increasing popularity of renewable energy sources worldwide.
- Proliferation of smart homes and buildings, which is leading to an increase in the demand for intelligent hot water circulating pumps with advanced features such as remote monitoring and control capabilities.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Water Circulating Pumps Market Research Report
By Type
By Products Type, Brushed DC Pumps, Brushless Motor DC Pumps, Brushless DC Magnetism-driven Pumps, By Drive Method, Active Hot Water Circulating Pumps, Passive Hot Water Circulating Pumps
By Application
Residential, Commercial, Industrial
By Companies
Danfoss, Grundfos, NIBE, Taco Comfort Solutions, Xylem, Mitsubishi Electric, TOSHIBA, Airwell, Hitachi, Armstrong, CIAT, Daikin, Watts, KLIMATEHNIK, MISOL, Advanced Conservation Technology, Sanden Corporation, SIRAC, Anderson-Barrows, WATERKOTTE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Hot Water Circulating Pumps Market Report Segments:
The global Hot Water Circulating Pumps market is segmented on the basis of:
Types
By Products Type, Brushed DC Pumps, Brushless Motor DC Pumps, Brushless DC Magnetism-driven Pumps, By Drive Method, Active Hot Water Circulating Pumps, Passive Hot Water Circulating Pumps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Danfoss
- Grundfos
- NIBE
- Taco Comfort Solutions
- Xylem
- Mitsubishi Electric
- TOSHIBA
- Airwell
- Hitachi
- Armstrong
- CIAT
- Daikin
- Watts
- KLIMATEHNIK
- MISOL
- Advanced Conservation Technology
- Sanden Corporation
- SIRAC
- Anderson-Barrows
- WATERKOTTE
Highlights of The Hot Water Circulating Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Products Type
- Brushed DC Pumps
- Brushless Motor DC Pumps
- Brushless DC Magnetism-driven Pumps
- By Drive Method
- Active Hot Water Circulating Pumps
- Passive Hot Water Circulating Pumps
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hot Water Circulating Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hot water circulating pumps are used to circulate hot water throughout a building. They use a motor to turn a shaft that circulates the hot water.
Some of the major companies in the hot water circulating pumps market are Danfoss, Grundfos, NIBE, Taco Comfort Solutions, Xylem, Mitsubishi Electric, TOSHIBA, Airwell, Hitachi, Armstrong, CIAT, Daikin, Watts, KLIMATEHNIK, MISOL, Advanced Conservation Technology, Sanden Corporation, SIRAC, Anderson-Barrows, WATERKOTTE.
The hot water circulating pumps market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hot Water Circulating Pumps Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hot Water Circulating Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hot Water Circulating Pumps Market - Supply Chain
4.5. Global Hot Water Circulating Pumps Market Forecast
4.5.1. Hot Water Circulating Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hot Water Circulating Pumps Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hot Water Circulating Pumps Market Absolute $ Opportunity
5. Global Hot Water Circulating Pumps Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hot Water Circulating Pumps Market Size and Volume Forecast by Type
5.3.1. By Products Type
5.3.2. Brushed DC Pumps
5.3.3. Brushless Motor DC Pumps
5.3.4. Brushless DC Magnetism-driven Pumps
5.3.5. By Drive Method
5.3.6. Active Hot Water Circulating Pumps
5.3.7. Passive Hot Water Circulating Pumps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hot Water Circulating Pumps Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hot Water Circulating Pumps Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hot Water Circulating Pumps Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hot Water Circulating Pumps Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hot Water Circulating Pumps Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hot Water Circulating Pumps Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hot Water Circulating Pumps Demand Share Forecast, 2019-2026
9. North America Hot Water Circulating Pumps Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hot Water Circulating Pumps Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hot Water Circulating Pumps Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hot Water Circulating Pumps Market Size and Volume Forecast by Type
9.7.1. By Products Type
9.7.2. Brushed DC Pumps
9.7.3. Brushless Motor DC Pumps
9.7.4. Brushless DC Magnetism-driven Pumps
9.7.5. By Drive Method
9.7.6. Active Hot Water Circulating Pumps
9.7.7. Passive Hot Water Circulating Pumps
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hot Water Circulating Pumps Demand Share Forecast, 2019-2026
10. Latin America Hot Water Circulating Pumps Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hot Water Circulating Pumps Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hot Water Circulating Pumps Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hot Water Circulating Pumps Market Size and Volume Forecast by Type
10.7.1. By Products Type
10.7.2. Brushed DC Pumps
10.7.3. Brushless Motor DC Pumps
10.7.4. Brushless DC Magnetism-driven Pumps
10.7.5. By Drive Method
10.7.6. Active Hot Water Circulating Pumps
10.7.7. Passive Hot Water Circulating Pumps
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hot Water Circulating Pumps Demand Share Forecast, 2019-2026
11. Europe Hot Water Circulating Pumps Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hot Water Circulating Pumps Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hot Water Circulating Pumps Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hot Water Circulating Pumps Market Size and Volume Forecast by Type
11.7.1. By Products Type
11.7.2. Brushed DC Pumps
11.7.3. Brushless Motor DC Pumps
1.7.4. Brushless DC Magnetism-driven Pumps
11.7.5. By Drive Method
11.7.6. Active Hot Water Circulating Pumps
11.7.7. Passive Hot Water Circulating Pumps
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hot Water Circulating Pumps Demand Share, 2019-2026
12. Asia Pacific Hot Water Circulating Pumps Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hot Water Circulating Pumps Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hot Water Circulating Pumps Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hot Water Circulating Pumps Market Size and Volume Forecast by Type
12.7.1. By Products Type
12.7.2. Brushed DC Pumps
12.7.3. Brushless Motor DC Pumps
12.7.4. Brushless DC Magnetism-driven Pumps
12.7.5. By Drive Method
12.7.6. Active Hot Water Circulating Pumps
12.7.7. Passive Hot Water Circulating Pumps
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hot Water Circulating Pumps Demand Share, 2019-2026
13. Middle East & Africa Hot Water Circulating Pumps Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hot Water Circulating Pumps Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hot Water Circulating Pumps Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hot Water Circulating Pumps Market Size and Volume Forecast by Type
13.7.1. By Products Type
13.7.2. Brushed DC Pumps
13.7.3. Brushless Motor DC Pumps
13.7.4. Brushless DC Magnetism-driven Pumps
13.7.5. By Drive Method
13.7.6. Active Hot Water Circulating Pumps
13.7.7. Passive Hot Water Circulating Pumps
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hot Water Circulating Pumps Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hot Water Circulating Pumps Market: Market Share Analysis
14.2. Hot Water Circulating Pumps Distributors and Customers
14.3. Hot Water Circulating Pumps Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Danfoss
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Grundfos
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NIBE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Taco Comfort Solutions
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Xylem
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TOSHIBA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Airwell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hitachi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Armstrong
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CIAT
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Daikin
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Watts
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. KLIMATEHNIK
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MISOL
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Advanced Conservation Technology
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sanden Corporation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. SIRAC
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Anderson-Barrows
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. WATERKOTTE
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
