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.
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 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.
Strategy competition analysis
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.
Global Circulator Pumps 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 Geography (Volume, Thousand Units, USD Billion, 2019-2030) (Volume, Thousand Units, USD Billion, 2019-2030)
- 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
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Circulator Pumps Market, by End User
- 1.4.2Global Circulator Pumps Market, by Flow Rate
- 1.4.3Global Circulator Pumps Market, by Application
- 1.4.4Global Circulator Pumps Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Strategies deployed in Circulator Pumps Market
Chapter 5.Global Circulator Pumps Market by End User
- 5.1Global Commercial Market by Region
- 5.2Global Residential Market by Region
- 5.3Global Industrial Market by Region
Chapter 6.Global Circulator Pumps Market by Flow Rate
- 6.1Global More than 45 m3/hr Market by Region
- 6.2Global Less than 15 m3/h Market by Region
- 6.3Global 30-45 m3/hr Market by Region
- 6.4Global 15-30 m3/hr Market by Region
Chapter 7.Global Circulator Pumps Market by Application
- 7.1Global Industrial Circulation Market by Region
- 7.2Global Hot Water Heating System Market by Region
- 7.3Global Solar & Geothermal Systems Market by Region
- 7.4Global Air Conditioning Market by Region
- 7.5Global Domestic Water Recirculation Market by Region
- 7.6Global Others Market by Region
Chapter 8.Global Circulator Pumps Market by Region
- 8.1North America Circulator Pumps Market
- 8.1.1North America Circulator Pumps Market by End User
- 8.1.1.1North America Commercial Market by Country
- 8.1.1.2North America Residential Market by Country
- 8.1.1.3North America Industrial Market by Country
- 8.1.2North America Circulator Pumps Market by Flow Rate
- 8.1.2.1North America More than 45 m3/hr Market by Country
- 8.1.2.2North America Less than 15 m3/h Market by Country
- 8.1.2.3North America 30-45 m3/hr Market by Country
- 8.1.2.4North America 15-30 m3/hr Market by Country
- 8.1.3North America Circulator Pumps Market by Application
- 8.1.3.1North America Industrial Circulation Market by Country
- 8.1.3.2North America Hot Water Heating System Market by Country
- 8.1.3.3North America Solar & Geothermal Systems Market by Country
- 8.1.3.4North America Air Conditioning Market by Country
- 8.1.3.5North America Domestic Water Recirculation Market by Country
- 8.1.3.6North America Others Market by Country
- 8.1.4North America Circulator Pumps Market by Country
- 8.1.4.1US Circulator Pumps Market
- 8.1.4.1.1US Circulator Pumps Market by End User
- 8.1.4.1.2US Circulator Pumps Market by Flow Rate
- 8.1.4.1.3US Circulator Pumps Market by Application
- 8.1.4.2Canada Circulator Pumps Market
- 8.1.4.2.1Canada Circulator Pumps Market by End User
- 8.1.4.2.2Canada Circulator Pumps Market by Flow Rate
- 8.1.4.2.3Canada Circulator Pumps Market by Application
- 8.1.4.3Mexico Circulator Pumps Market
- 8.1.4.3.1Mexico Circulator Pumps Market by End User
- 8.1.4.3.2Mexico Circulator Pumps Market by Flow Rate
- 8.1.4.3.3Mexico Circulator Pumps Market by Application
- 8.1.4.4Rest of North America Circulator Pumps Market
- 8.1.4.4.1Rest of North America Circulator Pumps Market by End User
- 8.1.4.4.2Rest of North America Circulator Pumps Market by Flow Rate
- 8.1.4.4.3Rest of North America Circulator Pumps Market by Application
- 8.2Europe Circulator Pumps Market
- 8.2.1Europe Circulator Pumps Market by End User
- 8.2.1.1Europe Commercial Market by Country
- 8.2.1.2Europe Residential Market by Country
- 8.2.1.3Europe Industrial Market by Country
- 8.2.2Europe Circulator Pumps Market by Flow Rate
- 8.2.2.1Europe More than 45 m3/hr Market by Country
- 8.2.2.2Europe Less than 15 m3/h Market by Country
- 8.2.2.3Europe 30-45 m3/hr Market by Country
- 8.2.2.4Europe 15-30 m3/hr Market by Country
- 8.2.3Europe Circulator Pumps Market by Application
- 8.2.3.1Europe Industrial Circulation Market by Country
- 8.2.3.2Europe Hot Water Heating System Market by Country
- 8.2.3.3Europe Solar & Geothermal Systems Market by Country
- 8.2.3.4Europe Air Conditioning Market by Country
- 8.2.3.5Europe Domestic Water Recirculation Market by Country
- 8.2.3.6Europe Others Market by Country
- 8.2.4Europe Circulator Pumps Market by Country
- 8.2.4.1Germany Circulator Pumps Market
- 8.2.4.1.1Germany Circulator Pumps Market by End User
- 8.2.4.1.2Germany Circulator Pumps Market by Flow Rate
- 8.2.4.1.3Germany Circulator Pumps Market by Application
- 8.2.4.2UK Circulator Pumps Market
- 8.2.4.2.1UK Circulator Pumps Market by End User
- 8.2.4.2.2UK Circulator Pumps Market by Flow Rate
- 8.2.4.2.3UK Circulator Pumps Market by Application
- 8.2.4.3France Circulator Pumps Market
- 8.2.4.3.1France Circulator Pumps Market by End User
- 8.2.4.3.2France Circulator Pumps Market by Flow Rate
- 8.2.4.3.3France Circulator Pumps Market by Application
- 8.2.4.4Russia Circulator Pumps Market
- 8.2.4.4.1Russia Circulator Pumps Market by End User
- 8.2.4.4.2Russia Circulator Pumps Market by Flow Rate
- 8.2.4.4.3Russia Circulator Pumps Market by Application
- 8.2.4.5Spain Circulator Pumps Market
- 8.2.4.5.1Spain Circulator Pumps Market by End User
- 8.2.4.5.2Spain Circulator Pumps Market by Flow Rate
- 8.2.4.5.3Spain Circulator Pumps Market by Application
- 8.2.4.6Italy Circulator Pumps Market
- 8.2.4.6.1Italy Circulator Pumps Market by End User
- 8.2.4.6.2Italy Circulator Pumps Market by Flow Rate
- 8.2.4.6.3Italy Circulator Pumps Market by Application
- 8.2.4.7Rest of Europe Circulator Pumps Market
- 8.2.4.7.1Rest of Europe Circulator Pumps Market by End User
- 8.2.4.7.2Rest of Europe Circulator Pumps Market by Flow Rate
- 8.2.4.7.3Rest of Europe Circulator Pumps Market by Application
- 8.3Asia Pacific Circulator Pumps Market
- 8.3.1Asia Pacific Circulator Pumps Market by End User
- 8.3.1.1Asia Pacific Commercial Market by Country
- 8.3.1.2Asia Pacific Residential Market by Country
- 8.3.1.3Asia Pacific Industrial Market by Country
- 8.3.2Asia Pacific Circulator Pumps Market by Flow Rate
- 8.3.2.1Asia Pacific More than 45 m3/hr Market by Country
- 8.3.2.2Asia Pacific Less than 15 m3/h Market by Country
- 8.3.2.3Asia Pacific 30-45 m3/hr Market by Country
- 8.3.2.4Asia Pacific 15-30 m3/hr Market by Country
- 8.3.3Asia Pacific Circulator Pumps Market by Application
- 8.3.3.1Asia Pacific Industrial Circulation Market by Country
- 8.3.3.2Asia Pacific Hot Water Heating System Market by Country
- 8.3.3.3Asia Pacific Solar & Geothermal Systems Market by Country
- 8.3.3.4Asia Pacific Air Conditioning Market by Country
- 8.3.3.5Asia Pacific Domestic Water Recirculation Market by Country
- 8.3.3.6Asia Pacific Others Market by Country
- 8.3.4Asia Pacific Circulator Pumps Market by Country
- 8.3.4.1China Circulator Pumps Market
- 8.3.4.1.1China Circulator Pumps Market by End User
- 8.3.4.1.2China Circulator Pumps Market by Flow Rate
- 8.3.4.1.3China Circulator Pumps Market by Application
- 8.3.4.2Japan Circulator Pumps Market
- 8.3.4.2.1Japan Circulator Pumps Market by End User
- 8.3.4.2.2Japan Circulator Pumps Market by Flow Rate
- 8.3.4.2.3Japan Circulator Pumps Market by Application
- 8.3.4.3India Circulator Pumps Market
- 8.3.4.3.1India Circulator Pumps Market by End User
- 8.3.4.3.2India Circulator Pumps Market by Flow Rate
- 8.3.4.3.3India Circulator Pumps Market by Application
- 8.3.4.4South Korea Circulator Pumps Market
- 8.3.4.4.1South Korea Circulator Pumps Market by End User
- 8.3.4.4.2South Korea Circulator Pumps Market by Flow Rate
- 8.3.4.4.3South Korea Circulator Pumps Market by Application
- 8.3.4.5Singapore Circulator Pumps Market
- 8.3.4.5.1Singapore Circulator Pumps Market by End User
- 8.3.4.5.2Singapore Circulator Pumps Market by Flow Rate
- 8.3.4.5.3Singapore Circulator Pumps Market by Application
- 8.3.4.6Malaysia Circulator Pumps Market
- 8.3.4.6.1Malaysia Circulator Pumps Market by End User
- 8.3.4.6.2Malaysia Circulator Pumps Market by Flow Rate
- 8.3.4.6.3Malaysia Circulator Pumps Market by Application
- 8.3.4.7Rest of Asia Pacific Circulator Pumps Market
- 8.3.4.7.1Rest of Asia Pacific Circulator Pumps Market by End User
- 8.3.4.7.2Rest of Asia Pacific Circulator Pumps Market by Flow Rate
- 8.3.4.7.3Rest of Asia Pacific Circulator Pumps Market by Application
- 8.4LAMEA Circulator Pumps Market
- 8.4.1LAMEA Circulator Pumps Market by End User
- 8.4.1.1LAMEA Commercial Market by Country
- 8.4.1.2LAMEA Residential Market by Country
- 8.4.1.3LAMEA Industrial Market by Country
- 8.4.2LAMEA Circulator Pumps Market by Flow Rate
- 8.4.2.1LAMEA More than 45 m3/hr Market by Country
- 8.4.2.2LAMEA Less than 15 m3/h Market by Country
- 8.4.2.3LAMEA 30-45 m3/hr Market by Country
- 8.4.2.4LAMEA 15-30 m3/hr Market by Country
- 8.4.3LAMEA Circulator Pumps Market by Application
- 8.4.3.1LAMEA Industrial Circulation Market by Country
- 8.4.3.2LAMEA Hot Water Heating System Market by Country
- 8.4.3.3LAMEA Solar & Geothermal Systems Market by Country
- 8.4.3.4LAMEA Air Conditioning Market by Country
- 8.4.3.5LAMEA Domestic Water Recirculation Market by Country
- 8.4.3.6LAMEA Others Market by Country
- 8.4.4LAMEA Circulator Pumps Market by Country
- 8.4.4.1Brazil Circulator Pumps Market
- 8.4.4.1.1Brazil Circulator Pumps Market by End User
- 8.4.4.1.2Brazil Circulator Pumps Market by Flow Rate
- 8.4.4.1.3Brazil Circulator Pumps Market by Application
- 8.4.4.2Argentina Circulator Pumps Market
- 8.4.4.2.1Argentina Circulator Pumps Market by End User
- 8.4.4.2.2Argentina Circulator Pumps Market by Flow Rate
- 8.4.4.2.3Argentina Circulator Pumps Market by Application
- 8.4.4.3UAE Circulator Pumps Market
- 8.4.4.3.1UAE Circulator Pumps Market by End User
- 8.4.4.3.2UAE Circulator Pumps Market by Flow Rate
- 8.4.4.3.3UAE Circulator Pumps Market by Application
- 8.4.4.4Saudi Arabia Circulator Pumps Market
- 8.4.4.4.1Saudi Arabia Circulator Pumps Market by End User
- 8.4.4.4.2Saudi Arabia Circulator Pumps Market by Flow Rate
- 8.4.4.4.3Saudi Arabia Circulator Pumps Market by Application
- 8.4.4.5South Africa Circulator Pumps Market
- 8.4.4.5.1South Africa Circulator Pumps Market by End User
- 8.4.4.5.2South Africa Circulator Pumps Market by Flow Rate
- 8.4.4.5.3South Africa Circulator Pumps Market by Application
- 8.4.4.6Nigeria Circulator Pumps Market
- 8.4.4.6.1Nigeria Circulator Pumps Market by End User
- 8.4.4.6.2Nigeria Circulator Pumps Market by Flow Rate
- 8.4.4.6.3Nigeria Circulator Pumps Market by Application
- 8.4.4.7Rest of LAMEA Circulator Pumps Market
- 8.4.4.7.1Rest of LAMEA Circulator Pumps Market by End User
- 8.4.4.7.2Rest of LAMEA Circulator Pumps Market by Flow Rate
- 8.4.4.7.3Rest of LAMEA Circulator Pumps Market by Application
Chapter 9.Company Profiles
- 9.1Xylem, Inc.
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expense
- 9.1.5Recent strategies and developments:
- 9.1.5.1Product Launches and Product Expansions:
- 9.1.6SWOT Analysis
- 9.2Paloma Co., Ltd. (Rheem Manufacturing Company)
- 9.2.1Company Overview
- 9.2.2SWOT Analysis
- 9.3Honeywell International, Inc.
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expenses
- 9.3.5SWOT Analysis
- 9.4The Danfoss Group
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expenses
- 9.4.5Recent strategies and developments:
- 9.4.5.1Product Launches and Product Expansions:
- 9.4.6SWOT Analysis
- 9.5Grundfos Holding A/S
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Segmental and Regional Analysis
- 9.5.4Research & Development Expenses
- 9.5.5Recent strategies and developments:
- 9.5.5.1Product Launches and Product Expansions:
- 9.5.6SWOT Analysis
- 9.6Pentair PLC
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expenses
- 9.6.5SWOT Analysis
- 9.7Flowserve Corporation
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expenses
- 9.7.5SWOT Analysis
- 9.8WILO SE
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Research & Development Expenses
- 9.8.4Recent strategies and developments:
- 9.8.4.1Partnerships, Collaborations, and Agreements:
- 9.8.4.2Product Launches and Product Expansions:
- 9.9Taco, Inc.
- 9.9.1Company Overview
- 9.9.2Recent strategies and developments:
- 9.9.2.1Product Launches and Product Expansions:
- 9.10.Armstrong Fluid Technology Inc.
- 9.10.1Company Overview
- 9.10.2Recent strategies and developments:
- 9.10.2.1Product Launches and Product Expansions:
- 9.10.2.2Geographical Expansions:
Chapter 10.Winning Imperatives of Circulator Pumps Market