The hot water circulating pumps are such devices that allow the flow of hot water through the circuit of pipelines. As per the report published by Market Research Future (MRFR), the global hot water circulation pump market is anticipated to project steady expansion at a CAGR of 3.14% and reach the valuation of USD 22,083.3 Mn by the end of 2021. A detailed analysis report of COVID-19 impact on Hot Water Circulator Pump Market Share is provided with the report.

Energy efficiency is at the forefront of the building design and infrastructure regulations which has provided an impetus to the hot water circulator pump market. Hot water circulator pumps are capable of delivering the exact required output with minimum electricity and far less maintenance cost which results in significant cost and energy saving. Hot water circulator pumps are highly desirable within the context of growing energy as well as water scarcity. These pumps operate in an optimal manner and are useful in buildings with long water distribution systems. Riser in the construction of multi-story buildings has added to the market growth.

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Industry Highlights

The increasing adoption of energy efficient technologies and a fast-paced infrastructural development are pushing the demand for hot water circulator pump around the world, thereby pushing the market growth. Hot water circulation pumps are used across various industrial sectors. Industrial development is one of the key drivers of the global market.

Global Hot Water Circulator Pump Industry Segmentation

The global hot water circulation pump market segmentation is based on the following dynamics: application and type.

By type, the market is segmented into single-stage and multi-stage pump. Herein, the single-stage pumps segment holds the highest share of the market, edging past the multi-stage pump segment.

By application, the market includes industrial, residential, and commercial. The industrial segment holds the leading position in the global hot water circulator pump market.

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Regional Analysis

By region, the hot water circulator pump market has been segmented into the US, Rest-of-the-World (RoW), China, Europe, and Japan.

Europe is the dominant market for hot water circulator pump. Energy efficiency is a major focus of the European Union which has reflected positively on the growth of the Europe hot water circulator pump market. The governments in the region have set stringent efficiency standards for energy-related products.

The US is the second largest market for hot water circulator pump and is a relatively mature market. Continued new building construction activities in the US along with robust demand from the residential sector is boosting the growth of the US market.

Competitive Landscape

AUMA Riester GmbH & Co. KG (Germany), BacoEngineering.com (UK), Emile Egger & Cie SA (Switzerland), Grundfos (Denmark), Armstrong Fluid Technology Limited (Canada), Flowserve Corporation (US), Taco (US), Saer Elettropompe SpA (Italy), Calpeda S.p.An (Italy), and Xylem Inc (US) are the distinguished players in hot water circulator pump market.