PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515478
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515478
Asia Pacific Circulator Pumps Market, By Flow Rate, By Application, By End-User, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Circulator Pumps Market was valued at USD 4,195.34 million in 2023, expanding at a CAGR of 3.5% from 2024 to 2032.
Circulator pumps, also known as circulators or circulation pumps, are a type of centrifugal pump specifically designed for circulating fluids within a closed system. They are commonly used in various applications across residential, commercial, and industrial sectors to move liquids such as water, glycol solutions, and other fluids through piping systems. Circulator pumps are compact, single-stage, overhung, rotodynamic pumps that are supported in-line by the system piping. This measure specifically targets the two most common uses of these pumps hydronic heating and domestic hot water (DHW) recirculation for instant hot water supply.
Asia Pacific Circulator Pumps Market- Market Dynamics
Rapid urbanization and infrastructure development are anticipated to drive The growth of the Asia Pacific Circulator Pumps market
As the number of people living in urban areas increases, the demand for heating and cooling systems in both residential and commercial buildings is on the rise. This has led to an increased need for circulator pumps to help with the circulation of hot and chilled water. Urbanization remains a significant trend in the Asia-Pacific region. Nearly 60 percent of the global population resides in Asia Pacific, according to the Asia-Pacific Population and Development Report 2023. Infrastructure developments often coincide with expansions in industries, which in turn drives the demand for circulator pumps in sectors such as manufacturing, chemicals, and food processing. To sustain growth, eliminate poverty, and address climate change, developing countries in Asia and the Pacific will need to invest USD 26 trillion in infrastructure from 2016 to 2030, or USD 1.7 trillion annually, as stated in the Asian Development Bank report, Meeting Asia's Infrastructure Needs. Additionally, the increasing focus on energy-efficient solutions in the Asia Pacific region presents opportunities for market expansion. However, fluctuations in the economy could potentially impact the growth of the market.
Asia Pacific Circulator Pumps Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.5% over the forecast period (2024-2032)
Based on Flow Rate segmentation, More than 45 m3/hr was predicted to show maximum market share in the year 2023
Based on Application segmentation, Industrial circulation was the leading type in 2023
Based on End-User segmentation, Commercial was the leading type in 2023
Based on countries, China was the leading revenue generator in 2023
Asia Pacific Circulator Pumps Market- Segmentation Analysis:
The Asia Pacific Circulator Pumps Market is segmented based on Flow Rate, Application, End-User, and Country.
The market is segmented into four groups according to Flow Rate: Greater than 45 m3/hr, Less than 15 m3/h, 30-45 m3/hr, and 15-30 m3/hr. The dominant segment in the market is the one with a Flow Rate greater than 45 m3/hr. In the Asia Pacific circulator pumps market, pumps with a capacity of more than 45 m3/hr (cubic meters per hour) are primarily used for larger industrial and commercial purposes, including HVAC systems, industrial processes, and water supply networks.
The market is categorized into five sections according to its application: Industrial Circulation, Hot Water Heating Systems, Solar & Geothermal Systems, Air Conditioning, Domestic Water Recirculation, and Others. The dominant sector in the market is Industrial Circulation. Within the Asia Pacific circulator pumps market, there is a shift in focus towards pumps specifically designed for industrial applications. These pumps need to possess qualities such as robustness, reliability, and specialized features to handle various fluids and conditions.
The market is segmented into three categories according to End-User: Commercial, Residential, and Industrial. The dominant sector in the market is the Commercial segment. Within the Asia Pacific circulator pumps market, the Commercial segment includes pumps that are tailored for use in a variety of commercial settings like hotels, hospitals, office buildings, retail centers, and other non-industrial environments.
Asia Pacific Circulator Pumps Market- Geographical Insights
The examination of the Asia Pacific Circulator Pumps market covers countries like India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, in addition to the rest of the Asia Pacific (APAC) region. China dominates the Circulator Pumps market share, due to advancements in pump technology, such as smart pumps and variable-speed drives, meeting the need for energy-efficient and digitally integrated solutions. Chinese manufacturers have led the way in developing cutting-edge pump technologies, including smart pumps and variable-speed drives, to meet the demand for eco-friendly solutions that lower operational expenses and environmental footprint.
Asia Pacific Circulator Pumps Market- Competitive Landscape:
The competitive landscape of the circulator pumps market in the Asia Pacific region is characterized by companies that prioritize innovation, product differentiation, and building strong customer relationships. By effectively integrating these elements, companies can strategically position themselves to take advantage of the opportunities in this ever-changing market. To stay ahead, companies invest in research and development to introduce advanced technologies that enhance pump efficiency, minimize energy consumption, and enhance reliability. Key competitive factors include the development of smart pumps with IoT capabilities and the implementation of energy-efficient designs.
Recent Developments:
Xylem's production site in Emmaboda, Sweden, is equipped with a modern water treatment facility that effectively recycles the plant's process water. This facility plays a crucial role in guaranteeing a consistent provision of clean water, particularly during periods of water shortage, thanks to Xylem's innovative water reuse technology.
On September 27, 2023, during MRO Asia-Pacific 2023, Honeywell and Asia Pacific Aircraft Component Services (APACS), a subsidiary of SIA Engineering Company Limited (SIAEC) and a joint venture with SR Technics Switzerland, reiterated their enduring collaboration by revealing the allocation of more Honeywell licenses to APACS.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC CIRCULATOR PUMPS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
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.
Others
ASIA PACIFIC CIRCULATOR PUMPS MARKET, BY FLOW RATE - MARKET ANALYSIS, 2019 - 2032
More than 45 m3/hr
Less than 15 m3/h
30-45 m3/hr
15-30 m3/hr
ASIA PACIFIC CIRCULATOR PUMPS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Industrial Circulation
Hot Water Heating System
Solar & Geothermal Systems
Air Conditioning
Domestic Water Recirculation
Others
ASIA PACIFIC CIRCULATOR PUMPS MARKET, BY END-USER - MARKET ANALYSIS, 2019 - 2032
Commercial
Residential
Industrial
ASIA PACIFIC CIRCULATOR PUMPS MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Table of Contents
1. Asia Pacific Circulator Pumps Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Asia Pacific Circulator Pumps Market Snippet by Flow Rate
- 2.1.2. Asia Pacific Circulator Pumps Market Snippet by Application
- 2.1.3. Asia Pacific Circulator Pumps Market Snippet by End-User
- 2.1.4. Asia Pacific Circulator Pumps Market Snippet by Country
- 2.2. Competitive Insights
3. Asia Pacific Circulator Pumps Key Market Trends
- 3.1. Asia Pacific Circulator Pumps Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Asia Pacific Circulator Pumps Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Asia Pacific Circulator Pumps Market Opportunities
- 3.4. Asia Pacific Circulator Pumps Market Future Trends
4. Asia Pacific Circulator Pumps Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Asia Pacific Circulator Pumps Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Asia Pacific Circulator Pumps Market Landscape
- 6.1. Asia Pacific Circulator Pumps Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Asia Pacific Circulator Pumps Market - By Flow Rate
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Flow Rate, 2023 & 2032 (%)
- 7.1.2. More than 45 m3/hr
- 7.1.3. Less than 15 m3/h
- 7.1.4. 30-45 m3/hr
- 7.1.5. 15-30 m3/hr
8. Asia Pacific Circulator Pumps Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 8.1.2. Industrial Circulation
- 8.1.3. Hot Water Heating System
- 8.1.4. Solar & Geothermal Systems
- 8.1.5. Air Conditioning
- 8.1.6. Domestic Water Recirculation
- 8.1.7. Others
9. Asia Pacific Circulator Pumps Market - By End-User
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
- 9.1.2. Commercial
- 9.1.3. Residential
- 9.1.4. Industrial
10. Asia Pacific Circulator Pumps Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 10.2. Asia Pacific (APAC)
- 10.2.1. Overview
- 10.2.2. Asia Pacific Circulator Pumps Key Manufacturers in Asia Pacific
- 10.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.2.4. Asia Pacific Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.6. Asia Pacific Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.7. India
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.7.3. India Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.7.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.7.5. India Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.8. China
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.8.3. China Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.8.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.8.5. China Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.9. Japan
- 10.2.9.1. Overview
- 10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.9.3. Japan Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.9.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.9.5. Japan Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.10. South Korea
- 10.2.10.1. Overview
- 10.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.10.3. South Korea Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.10.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.10.5. South Korea Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.11. Australia
- 10.2.11.1. Overview
- 10.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.11.3. Australia Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.11.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.11.5. Australia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.12. Thailand
- 10.2.12.1. Overview
- 10.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.12.3. Thailand Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.12.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.12.5. Thailand Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.13. Indonesia
- 10.2.13.1. Overview
- 10.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.13.3. Indonesia Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.13.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.13.5. Indonesia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.14. Philippines
- 10.2.14.1. Overview
- 10.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.14.3. Philippines Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.14.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.14.5. Philippines Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.15. Rest of APAC
- 10.2.15.1. Overview
- 10.2.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.15.3. Rest of APAC Market Size and Forecast, By Flow Rate, 2019 - 2032 (US$ Million)
- 10.2.15.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.15.5. Rest of APAC Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
11. Key Vendor Analysis- Asia Pacific Circulator Pumps Industry
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. Xylem, Inc.
- 11.2.2. Paloma Co., Ltd. (Rheem Manufacturing Company)
- 11.2.3. Honeywell International, Inc.
- 11.2.4. The Danfoss Group
- 11.2.5. Grundfos Holding A/S
- 11.2.6. Pentair PLC
- 11.2.7. Flowserve Corporation
- 11.2.8. WILO SE
- 11.2.9. Taco, Inc.
- 11.2.10. Armstrong Fluid Technology Inc.
- 11.2.11. Others
12. 360 Degree Analyst View
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Asia Pacific Circulator Pumps Market: Flow Rate Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Flow Rate
- TABLE Asia Pacific Circulator Pumps Market, by Flow Rate 2019-2032 (USD Million)
- TABLE Asia Pacific Circulator Pumps Market: Application Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Application
- TABLE Asia Pacific Circulator Pumps Market, by Application 2019-2032 (USD Million)
- TABLE Asia Pacific Circulator Pumps Market: End-User Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by End-User
- TABLE Asia Pacific Circulator Pumps Market, by End-User 2019-2032 (USD Million)
- TABLE Asia Pacific Asia Pacific Circulator Pumps Market, by Country, 2019-2032 (USD Million)
List of Figures
- FIGURE Asia Pacific Circulator Pumps Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2023
- FIGURE Flow Rate segment market share analysis, 2023 & 2032
- FIGURE Flow Rate segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Application segment market share analysis, 2023 & 2032
- FIGURE Application segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE End-User segment market share analysis, 2023 & 2032
- FIGURE End-User segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Asia Pacific Asia Pacific Circulator Pumps Market share and leading players, 2023
- FIGURE Asia Pacific Asia Pacific Circulator Pumps Market share analysis by country, 2023
- FIGURE India Asia Pacific Circulator Pumps Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE China Asia Pacific Circulator Pumps Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Japan Asia Pacific Circulator Pumps Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE South Korea Asia Pacific Circulator Pumps Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Australia Asia Pacific Circulator Pumps Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thailand Asia Pacific Circulator Pumps Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Indonesia Asia Pacific Circulator Pumps Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Philippines Asia Pacific Circulator Pumps Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Rest of APAC Asia Pacific Circulator Pumps Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
