Scope of the Study
Circulator pumps are those type of pump which is used for circulation of a heat transfer medium through a system. In commercial buildings, smaller circulator pumps are usually preferred for energy efficiency upgrades because of their smaller size. According to National Renewable Energy Laboratory (NREL), in the United States, more than 90% of the currently installed circulator pumps are constant volume pumps powered by standard induction motors. In addition, as per an article published by the Electric Power Research Institute that the estimated energy savings potential for more than 30 million installations of circulator pumps to be greater than 50%.
The market study is being classified, by Application (Residential Use, Commercial Use and Industrial Use) and major geographies with country level break-up.
Grundfos (Denmark), Wilo SE (Germany), The Flowserve Corporation (United States), KSB SE & Co. KGaA (Germany), Taco Comfort Solutions, Inc. (United States), Xylem Inc. (United States), Ebara Corporation (Japan), Allweiler (United States), Sulzer Ltd. (Switzerland) and Pentair Plc (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Liancheng Group (China), Kaiquan (China) and Shimge Pump Industry (China).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Circulator Pump market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Circulator Pump market by Type, Application and Region.
On the basis of geography, the market of Circulator Pump has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Usage of Circulatory Pump in Various Application
- Increasing Number of Residential Building and Commercial Building
- Technology Advancement regarding Circulatory Pump
- Circulator Pump Potential Side Effects
- Growing Demand from Emerging Market such as China, India, Brazil, among others
- High Cost of Product regarding Circulator Pump
According to the European commission, “regulation was first issued in July 2009. The European Commission identified electric motors as the most significant electric load in industries where motors are used in production processes. In these applications, cost-saving potential of 20 to 30 percent has been identified, mainly through the adoption of high-efficiency motors”.
Key Target AudienceCirculator Pump Companies, Regulatory Bodies, Component Suppliers, Distributors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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