The global circulator pump market, valued at USD 16.4 billion in 2020, is anticipated to reach USD 24.6 billion by 2032, registering a compound annual growth rate (CAGR) of 3.4% from 2023 to 2032. Circulator pumps, a type of centrifugal pump, are engineered to circulate fluids within closed systems. They are widely utilized in heating, ventilation, and air conditioning (HVAC) systems, as well as in diverse industrial applications requiring efficient liquid movement
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