They are also widely used in laboratories and petroleum industries to control the flow of liquid, gas or slurry in a closed circuit. Circulators usually have three or four ports. However, when one port of a three port circulator is blocked or terminated, it acts as an isolator. Residential, commercial and industrial end-use industries are major consumers of circulators.
Circulators: Market Dynamics & Regional Outlook
The global circulator market is directly correlated with industrial and infrastructural development activities. Regional governments in emerging countries are aiming to achieve continued modernization to address infrastructural deficits. In line with this agenda, respective governments are laying emphasis on domestic waste and wastewater management systems. Further, the growing issue of water scarcity plaguing various regions, such as Latin America and the Middle East Africa, has turned the focus of the governments towards the exploration of new water resources and construction of these systems is expected to create substantial demand in the respective regions. Furthermore, in various countries, such as Brazil and India, the state government has mandated the recycling and reuse of wastewater, which in turn, is anticipated to drive the demand for circulators in near future.
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Additionally, the ability of a circulator to control temperature while saving a sizable amount of energy, will augment the demand for circulators during the forecast period. The global circulator market is anticipated to witness above average growth from the residential sector owing to increasing installation or adoption of heater and temperature regulators.
Moreover, circulator are widely adopted in sectors where transition of oil, gas or slurry is required. Decreasing prices of crude oil and gas are estimated to increase the production of oil and gas, which in turn, is estimated to drive the demand for circulators, particularly in the Middle East and Africa, which have abundant oil and gas reservoirs. Also, circulators are easy to maintain and cost effective devices, which makes them a viable choice for transmission control. Owing to all these factors, the market is anticipated to register sustained demand during the forecast period.
Rapidly growing urbanization in developing countries, such as China and India, has increased the demand for infrastructural equipment. This, in turn, is anticipated to add to the growth of the global circulator market. Additionally, the increasing number of subsidies offered by governments to promote the development of rural areas will also augment the growth of the market over the forecast period. That apart, awareness regarding wastewater management is also likely to push the unit sales of circulators. For Instance, in 2015, the government of China spent around US$ 60 Bn on wastewater management in urban areas.
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Circulators: Key Market Players
The global circulator market is estimated to be fragmented owning the presence of a number of players. Examples of some of the market participants operating across the value chain of the global Circulators market are:
The Circulators research report presents a comprehensive assessment of the Circulators market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Circulators research report provides analysis and information according to market segments such as geographies, application, and industry.
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The global Circulators report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Circulators report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Circulators market attractiveness as per segments. The Circulators report also maps the qualitative impact of various market factors on market segments and geographies.