Circulator Pumps Market
Circulator Pumps Market by Product (Vertical Circulator Pump, Horizontal Circulator Pump) by Application (Residential, Commercial, Industrial,) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028
Product
Analysis: Preview On the basis of Product,
the market is segmented into Vertical Circulator Pump, Horizontal Circulator Pump. Horizontal Circulator Pump held the highest
share in the global Circulator Pumps
market and is projected to witness the same trend during the forecast
period. Companies in this
sector are opting to advanced technologies in their supply chain to cater the
end user requirements effectively. Application
Analysis: Preview
Based on Application,
the market is segmented into Residential, Commercial, Industrial,. Commercial accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Circulator Pumps Market: Product Segment Analysis
-
- Vertical Circulator Pump
- Horizontal Circulator Pump
Global Circulator Pumps Market: Application Segment Analysis
-
- Residential
- Commercial
- Industrial
Frequently Asked Questions
-
What is
the global demand for Circulator Pumps
in terms of revenue?
The global Circulator Pumps valued at 19 billion in 2020 and is expected to reach 22 Billion in 2028 growing at a CAGR of 2.28%%
-
Which
are the prominent players
in the market?
The prominent players in the market are Pentair, Sulzer, Flowserve, Kaiquan, Allweiler, Xylem Inc., Taco, Liancheng Group, CNP, Grundfos, KSB, Shimge Pump Industry Group Co.Ltd, EBARA, Wilo..
-
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 2.28%% between 2021 and 2028.
-
What are
the driving factors
fueling the growth of the market.
The driving factors of the Circulator Pumps include
- The market is gaining unbelievable revenue because of its application in commercial and personal use thereby elevating the market growth.
- The demand for hot water circulator pumps is increasing due to the residential purpose—the rising preference for hot water increases in the different countries which have cold weather is emerging as a strong factor for the market growth.
-
Which
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Circulator Pumps in 2020.
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