Market Overview:
The global hot water circulator pump market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient pumps and rising awareness about the benefits of using hot water circulator pumps. The global hot water circulator pump market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into single-stage pumps and multistage pumps. Single-stage pumps are more commonly used as they are less expensive and easier to install than multistage pumps. However, multistage pumps offer better performance as they have higher pressure ratings and flow rates than single-stage pumps. On the basis of application, the global hot water circulator pump market can be classified into residential, commercial, and industrial applications.
Product Definition:
A hot water circulator pump is a device used to circulate hot water through a heating system. The pump helps to ensure that the water in the system is evenly heated, which can help to improve efficiency and comfort.
Single-Stage Pump:
Single-stage pump is used to move fluid at low pressure. It has one moving part which is driven by a prime mover, i.e., it does not have any associated auxiliary pumps or flow control devices. The single-stage pump can be used for both liquids and gases; however, it is most commonly utilized for fluids with viscosities ranging from solid to liquid as they are less expensive than their counterparts with higher viscosity grades (2 through 8).
Multistage Pumps:
Multistage pumps are used to move fluid in multiple stages. The pump consists of a suction lift, main body with impellers, and a discharge section. It is widely used for moving water at high pressure and low head in industrial applications as well as for irrigation purposes. Multistage pumps can be single stage or two or more stage with an option to choose from the type depending upon the application requirements.
Application Insights:
The industrial segment held the largest share of over 70.0% in 2017 and is expected to witness significant growth over the forecast period. The increasing demand for hot water across various industries including power generation, oil & gas, food processing, chemical manufacturing and mining is anticipated to drive the market growth over the forecast period.
Hot water circulator pumps are used in residential as well as commercial applications owing to their ability to provide consistent hot water supply at desired temperature levels throughout the year without requiring any repairs or maintenance activities during winters or summers respectively. These pumps also eliminate ice dams formation due largely to its ability of providing heat transfer from circulating fluid which results in reduced energy consumption by heating element resulting in lower operating cost thus making it an ideal choice for both residential and commercial application segments globally.
Regional Analysis:
Asia Pacific dominated the global hot water circulator pump market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. Increasing construction activities and growing population in countries such as China, India, Indonesia, Vietnam and Thailand are anticipated to drive the regional market growth. Moreover, rising demand for energy-efficient products due to increasing awareness regarding environment protection is also projected to propel product demand over the forecast period.
Europe accounted for more than 20% of total revenue share in 2017 owing to high acceptance of advanced technologies coupled with stringent government regulations pertaining quality standards and performance requirements associated with hot water distribution system installation/renovation projects undertaken by commercial establishments such as hotels, restaurants or residential buildings including condominiums/communities). In addition, factors such as changing lifestyle resulting into increased spending on household appliances including pumpsets that consume large amounts of hot water are expected fuel regional product demand over next seven years (2018 - 2030).
Growth Factors:
- Increasing demand for energy-efficient devices: The global hot water circulator pump market is expected to grow at a CAGR of 5.5% during the forecast period owing to the increasing demand for energy-efficient devices.
- Rising awareness about energy savings: There is a growing awareness among consumers about the benefits of using hot water circulator pumps, which is expected to drive the growth of this market during the forecast period.
- Growing construction and renovation activities: The growth in construction and renovation activities across the globe is expected to create opportunities for players in this market during the forecast period.
- Technological advancements: The advent of new technologies that offer better performance and efficiency is likely to boost demand for hot water circulator pumps in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Water Circulator Pump Market Research Report
By Type
Single-Stage Pump, Multistage Pumps
By Application
Residential, Commercial, Industrial
By Companies
Xylem, Grundfos, Flowserve, Armstrong Fluid Technology, Calpeda, BACOENG, Taco, AUMA Riester, Emile Egger & Cie, Saer Elettropompe
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Hot Water Circulator Pump Market Report Segments:
The global Hot Water Circulator Pump market is segmented on the basis of:
Types
Single-Stage Pump, Multistage 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:
- Xylem
- Grundfos
- Flowserve
- Armstrong Fluid Technology
- Calpeda
- BACOENG
- Taco
- AUMA Riester
- Emile Egger & Cie
- Saer Elettropompe
Highlights of The Hot Water Circulator Pump 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:
- Single-Stage Pump
- Multistage 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 Circulator Pump 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
A hot water circulator pump is a device that circulates heated water through the home or office. This helps to keep the temperature consistent and comfortable, especially during warm weather.
Some of the major companies in the hot water circulator pump market are Xylem, Grundfos, Flowserve, Armstrong Fluid Technology, Calpeda, BACOENG, Taco, AUMA Riester, Emile Egger & Cie, Saer Elettropompe.
The hot water circulator pump market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hot Water Circulator Pump 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 Circulator Pump 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 Circulator Pump Market - Supply Chain
4.5. Global Hot Water Circulator Pump Market Forecast
4.5.1. Hot Water Circulator Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hot Water Circulator Pump Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hot Water Circulator Pump Market Absolute $ Opportunity
5. Global Hot Water Circulator Pump 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 Circulator Pump Market Size and Volume Forecast by Type
5.3.1. Single-Stage Pump
5.3.2. Multistage Pumps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hot Water Circulator Pump 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 Circulator Pump 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 Circulator Pump 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 Circulator Pump 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 Circulator Pump 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 Circulator Pump 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 Circulator Pump Demand Share Forecast, 2019-2026
9. North America Hot Water Circulator Pump 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 Circulator Pump 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 Circulator Pump 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 Circulator Pump Market Size and Volume Forecast by Type
9.7.1. Single-Stage Pump
9.7.2. Multistage 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 Circulator Pump Demand Share Forecast, 2019-2026
10. Latin America Hot Water Circulator Pump 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 Circulator Pump 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 Circulator Pump 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 Circulator Pump Market Size and Volume Forecast by Type
10.7.1. Single-Stage Pump
10.7.2. Multistage 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 Circulator Pump Demand Share Forecast, 2019-2026
11. Europe Hot Water Circulator Pump 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 Circulator Pump 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 Circulator Pump 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 Circulator Pump Market Size and Volume Forecast by Type
11.7.1. Single-Stage Pump
11.7.2. Multistage 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 Circulator Pump Demand Share, 2019-2026
12. Asia Pacific Hot Water Circulator Pump 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 Circulator Pump 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 Circulator Pump 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 Circulator Pump Market Size and Volume Forecast by Type
12.7.1. Single-Stage Pump
12.7.2. Multistage 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 Circulator Pump Demand Share, 2019-2026
13. Middle East & Africa Hot Water Circulator Pump 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 Circulator Pump 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 Circulator Pump 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 Circulator Pump Market Size and Volume Forecast by Type
13.7.1. Single-Stage Pump
13.7.2. Multistage 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 Circulator Pump Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hot Water Circulator Pump Market: Market Share Analysis
14.2. Hot Water Circulator Pump Distributors and Customers
14.3. Hot Water Circulator Pump Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Xylem
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. Flowserve
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Armstrong Fluid Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Calpeda
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BACOENG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Taco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AUMA Riester
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Emile Egger & Cie
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Saer Elettropompe
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
