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Global Hot Water Circulator Pump Market Is Booming Worldwide 2023 By Prominent Players: Xylem, Grundfos, Emile Egger & Cie SA, Flowserve Corp, Armstrong Fluid Technology Limited, Calpeda S.p.A, AUMA Riester GmbH & Co. KG

03-08-2019 10:49 AM CET | Energy & Environment

Press release from: Market Research Future

Hot Water Circulator Pump Market

Hot Water Circulator Pump Market

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. Use of advanced technology for reducing human efforts and saving time has increased exponentially since last few decades. Improvement in the design and functioning of equipment has eased the use of such advanced technologies for industrial as well as domestic purposes. The hot water circulating pumps are such devices that allow the flow of hot water through the circuit of pipelines.

The global market has seen a rising demand for hot water circulating pump owing to its growing demand from its application sectors such as residential, commercial and industrial. The demand for residential purpose has been the major driving factor. Moreover, the rising preference for hot water in cold countries, have fuelled the demand for hot water circulating pumps. On the other hand, the high prices of circulating pump, higher maintenance and installation cost, have been the major restraining factors for the global hot water circulator pump market.

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Market Drivers and Restraints:

Hot water circulation pumps are being mandatorily installed in commercial as well as residential buildings. Increasing adoption of hot water circulation pumps for commercial and domestic purposes is propelling the growth of the global hot water circulation pump market. Implementation of regional standards and codes are also projecting to impact positively on the expansion of the global hot water circulation pump market. However, high cost of such pumps and their higher installation and maintenance charges are likely to hamper the growth of the global hot water circulation pump market during the forecast period.

Rise in adoption of energy efficient technologies and rapid infrastructural development are inducing high demand for hot water circulation pump, resulting in the expansion of the global hot water circulation pump market. The hot water circulation pumps are extensively utilized in various industrial sectors. Industrial development is one of the major factors that are driving the expansion of the global hot water circulation pump market.

Competitive Dashboard

The major players that are profiled by MRFR in the report on the global hot water circulation pump market are Xylem Inc (the U.S.), Grundfos (Denmark), Emile Egger & Cie SA (Switzerland), Flowserve Corporation (the U.S.), Armstrong Fluid Technology Limited (Canada), BacoEngineering.com (the U.K.), Taco (the U.S.), Calpeda S.p.A (Italy), AUMA Riester GmbH & Co. KG (Germany), and Saer Elettropompe SpA (Italy).

Industry Segmentation

The global hot water circulation pump market has been segmented on the basis of type and application.

Based on type, the hot water circulation pump market has been segmented into single stage pump and multi-stage pump.

Based on application, the hot water circulation pump market has been segmented into residential, commercial and industrial. The industrial segment is leading the global hot water circulation pump market owing to the high need for hot water circulation pump in various industries such as food and beverages, textile, power plants, chemicals, pharmaceutical and others.

Regional Outlook

Geographically, the global hot water circulation pump market is segmented into five major regions such as the U.S., Europe, China, Japan and the rest of the world.

The hot water circulation pump market in the U.S. region is the second largest in the global market. China is one of the major manufacturers of hot water circulation pump in the global market owing to the presence of high number of domestic players in this region.

The Europe region is leading the global hot water circulation pump market owing to the easy adoption of technologically advanced water circulation systems, presence of well-developed building infrastructure, and the increased manufacturing of advanced hot water circulation pumps in this region. Germany, the U.K., France and Netherlands are the leading countries that are driving the hot water circulation pump market in the Europe region.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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