Global Hot Water Circulating Pumps Overview
Hot water circulating pumps are a type of circulating pumps, which ensure immediate supply of hot water from the faucets, exhaust systems, or taps. These pumps drive hot water through the pipes, at a steady pace, and back to the water heater through a dedicated line or through a cold water line. The hot water circulating pumps market is mainly gaining traction, globally, owing to their ability to save water. Rapidly increasing usage in residential and commercial applications coupled with the continued employment in industries, is projected to positively impact the hot water circulating system market.
Rising focus on resource efficiency and climate change, increasing incorporation of IoT in homes, increasing implementation of regional codes and standards across geographies are the major factors driving growth of the global market globally. Hot water circulating pumps are being considered as water and energy efficient systems, since they only circulate water when it’s actually needed. These systems reduce greenhouse gas emissions and waste far less energy than the conventional water heaters. Obligatory standards on efficient energy usage are continuously growing in huge numbers, which is likely to boost growth of the global hot water circulation pump market over the forecast period. However, lack of awareness regarding potential benefits of these systems among end-user may hamper growth of the global market.
The global hot water circulating pumps market is segmented based on type, application, and region.
Based on type, the global hot water circulating pumps market is segmented into single-stage pump and multistage pumps. Single-stage pump accounts for the highest global market share, owing to growing preference of single-stage pumps in residential purpose. Based on application, the global market is segmented into residential, commercial, and industrial. Industrial application segment is expected to dominate the global market over the forecast period. Industries such as food and beverages, power plants, chemicals, textiles, and pharmaceutical highly rely on hot water circulation pumps for constant hot water. The adoption of these pumps is high in various industries because they require low maintenance cost. Furthermore, installation of hot water circulation pumps minimizes the waiting time and prevents the loss of heat, thus there is an increasing demand for these pumps from the industrial end-users.
Based on region the global hot water circulating pumps market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is witnessing the major revenue share for the global market growth, followed by USA and China. Countries such as Germany, France, the U.K., and the Netherlands are the leading countries, which have propelled the market for Europe hot water circulating pump. The U.S. is the second largest region in terms of value and volume. China is accounted to grow significantly, owing to presence of large number domestic players in China, have created a significant scope for the global market.
The key players operating the global hot water circulating pumps market involves Xylem, Inc., Grundfos, Flowserve Corporation, Armstrong Fluid Technology Limited, Calpeda S.p.A, BacoEngineering.com, Tata AutoComp Systems Limited, AUMA Riester GmbH & Co. KG, Emile Egger & Cie SA, and Saer Elettropompe SpA. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in 2015, Flowserve Corporation, a leading provider for the global infrastructure markets and flow control products, has announced that it has submitted a binding offer to acquire the equity of SIHI Group B.V., a global provider of fluid pumps and engineered vacuum along with related services, from TBG Europe NV for consideration of approximately €298 million.
Detailed Segmentation:
Global Hot Water Circulating Pumps Market, By Type:
- Single-Stage Pump
- Multistage Pumps
Global Hot Water Circulating Pumps Market, By Application:
- Residential
- Commercial
- Industrial
Global Hot Water Circulating Pumps Market, By Region:
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- North America
- North America Hot Water Circulating Pumps Market, By Type
- North America Hot Water Circulating Pumps Market, By Application
- North America Hot Water Circulating Pumps Market, By Country
- U.S.
- Canada
- Europe
- Europe Hot Water Circulating Pumps Market, By Type
- Europe Hot Water Circulating Pumps Market, By Application
- Europe Hot Water Circulating Pumps Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Hot Water Circulating Pumps Market, By Type
- Asia Pacific Hot Water Circulating Pumps Market, By Application
- Asia Pacific Hot Water Circulating Pumps Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Hot Water Circulating Pumps Market, By Type
- Latin America Hot Water Circulating Pumps Market, By Application
- Latin America Hot Water Circulating Pumps Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Hot Water Circulating Pumps Market, By Type
- Middle East & Africa Hot Water Circulating Pumps Market, By Application
- Middle East & Africa Hot Water Circulating Pumps Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Company Profile:
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- Xylem, Inc.*
- Company Overview
- Xylem, Inc.*
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- Chipset Portfolio
- Key Highlights
- Financial Performance
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- Grundfos
- Flowserve Corporation
- Armstrong Fluid Technology Limited
- Calpeda S.p.A
- BacoEngineering.com
- Tata AutoComp Systems Limited
- AUMA Riester GmbH & Co. KG
- Emile Egger & Cie SA
- Saer Elettropompe SpA
“*” marked represents similar segmentation in other categories in the respective section
Global Hot Water Circulating Pumps Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Hot Water Circulating Pumps Market, By Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Single-Stage Pump
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Multistage Pumps
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Hot Water Circulating Pumps Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Residential
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Commercial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Industrial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Hot Water Circulating Pumps Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Xylem, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Grundfos
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Flowserve Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Armstrong Fluid Technology Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Calpeda S.p.A
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- BacoEngineering.com
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Tata AutoComp Systems Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- AUMA Riester GmbH & Co. KG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Emile Egger & Cie SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Saer Elettropompe SpA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Xylem, Inc.
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- Section
- Research Methodology
- About Us
- Contact
FAQs
The hot water circulating pumps market is segmented based on type, application, and region.
Opportunities could arise from the increasing focus on energy conservation, the growth of residential and commercial construction, and the need for sustainable heating solutions.
Rising demand for hot water circulation in residential and commercial buildings, the emphasis on energy efficiency and sustainability, and the implementation of regulations promoting the use of efficient pumping systems.
Regions typically considered include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Considerations for these regions are based on factors such as construction activities, regulatory frameworks, and the presence of key players in the hot water circulating pumps industry.
Grundfos, Flowserve Corporation, Armstrong Fluid Technology Limited, Calpeda S.p.A, BacoEngineering.com, Tata AutoComp Systems Limited, AUMA Riester GmbH & Co. KG, Emile Egger & Cie SA, Saer Elettropompe SpA,