Stratview Research has recently published a report on the Circulator Pumps Market. This strategically evaluated report provides a detailed overview that presents today’s market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2021 to 2026.
The report on the Circulator Pumps Market is segmented by Type (Water-cooled Circulator Pumps, Air-cooled Circulator Pumps, Others), By Application (Residential, Industrial, Infrastructure, Commercial), and Region.
Circulator Pumps Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Circulator Pumps Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.
Some of the companies drive the market growth:
- Grundfos (Denmark),
- Wilo (Germany),
- Flowserve (The U.S),
- KSB (Germany),
- Taco (US)
- Xylem Inc (The U.S),
- STEELE (The U.S),
- Ebara (Japan),
- Allweiler (Germany), and
- Sulzer (Switzerland).
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Segments Analysis
Application Trends
Based on application, the circulator pumps market is classified into residential, industrial, and commercial. The residential segment held the largest share in 2020 and is projected to grow at the highest CAGR during the assessment period. Rising preference for hot water in cold countries coupled with an increasing need for circulator pumps in residential societies, further bolstering the segment growth.
Regional Trends
By region, the Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to strong population growth, increasing purchasing power, growing industrial base in developing countries of China and India, further proliferates the regional market growth.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
About Stratview Research
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