The Asia Pacific Circulator Pumps Market would witness market growth of 3.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 21,711.5 thousand units, showcasing a growth of 3.1% (2019-2022).
Circulator pumps with capacities exceeding 45 m3/h are engineered to meet the demanding requirements of large-scale commercial and industrial applications where substantial fluid circulation is imperative. In commercial buildings such as shopping malls, hotels, or office complexes, these high-capacity pumps are employed in HVAC systems to efficiently distribute heated or chilled water throughout extensive networks of pipes and ducts. Therefore, the China market consumed 2,508.1 thousand units of pumps with exceeding 45 m3/h in the market in 2022.
The China market dominated the Asia Pacific Circulator Pumps Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,843.9 million by 2030. The Japan market is registering a CAGR of 3.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 4% during (2023 - 2030).
These pumps are essential components in hydronic heating systems, where they circulate hot water from the boiler or heat source to heating zones such as radiators, baseboards, or underfloor heating systems. By continuously circulating hot water through the system, circulator pumps ensure uniform heat distribution, efficient heat transfer, and consistent indoor comfort. Circulator pumps are integral to optimal heating performance in residential buildings, commercial facilities, or industrial plants.
In cooling applications, these pumps are vital in circulating chilled water or coolant through cooling coils, heat exchangers, or process equipment to remove excess heat and maintain temperature control. These pumps are commonly used in HVAC systems, chillers, cooling towers, and refrigeration units to facilitate the transfer of heat from indoor spaces or industrial processes to the external environment. By circulating coolants efficiently, circulator pumps help prevent overheating, maintain equipment reliability, and ensure comfort in indoor environments.
As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. Similarly, according to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share. It is already the second-largest urban community globally. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
Free Valuable Insights: The Global Circulator Pumps Market is Predict to reach $ 20.3 Billion by 2030, at a CAGR of 3.2%
Based on End User, the market is segmented into Commercial, Residential, and Industrial. Based on Flow Rate, the market is segmented into More than 45 m3/hr, Less than 15 m3/h, 30-45 m3/hr, and 15-30 m3/hr. Based on Application, the market is segmented into Industrial Circulation, Hot Water Heating System, Solar & Geothermal Systems, Air Conditioning, Domestic Water Recirculation and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Flow Rate (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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