The Global Hot Water Recirculation Pumps Market is expected to grow by $ 2.05 billion during 2020-2024 progressing at a CAGR of 9% during the forecast period
NEW YORK, May 12, 2020 /PRNewswire/ --
Global Hot Water Recirculation Pumps Market 2020-2024
The analyst has been monitoring the hot water recirculation pumps market and it is poised to grow by $ 2.05 billion during 2020-2024 progressing at a CAGR of 9% during the forecast period. Our reports on hot water recirculation pumps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Read the full report: https://www.reportlinker.com/p05006386/?utm_source=PRN
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rapid urbanization and industrialization, increasing implementation of regional codes and standards, and rising need to conserve energy. In addition, rapid urbanization and industrialization is anticipated to boost the growth of the market as well.
The hot water recirculation pumps market analysis includes product segment, end-user segment and geographic landscapes
The hot water recirculation pumps market is segmented as below:
By Product
-- Active
-- Passive
-- End-User
-- Industrial
-- Residential
-- Commercial
By Geographic Landscapes
-- Europe
-- North America
-- APAC
-- MEA
-- South America
This study identifies the increasing focus on sustainable practices to reduce the environmental footprint as one of the prime reasons driving the hot water recirculation pumps market growth during the next few years. Also, increased adoption of industrial internet of things (IIoT) in industrial machinery will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our hot water recirculation pumps market covers the following areas:
-- Hot water recirculation pumps market sizing
-- Hot water recirculation pumps market forecast
-- Hot water recirculation pumps market industry analysis
Read the full report: https://www.reportlinker.com/p05006386/?utm_source=PRN
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