Global Hot Water Recirculation Pumps Strategic Industry Report 2024: Market to Reach $8.7 Billion by 2030 - Growing Adoption of BEM Systems to Spur Demand - ResearchAndMarkets.com

The "Hot Water Recirculation Pumps - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Hot Water Recirculation Pumps Market to Reach $8.7 Billion by 2030

The global market for Hot Water Recirculation Pumps estimated at US$5.1 Billion in the year 2022, is projected to reach a revised size of US$8.7 Billion by 2030, growing at a CAGR of 7% over the analysis period 2022-2030. Active Pumps, one of the segments analyzed in the report, is projected to record 7.2% CAGR and reach US$5.3 Billion by the end of the analysis period. Growth in the Passive Pumps segment is estimated at 6.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 9.3% CAGR

The Hot Water Recirculation Pumps market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$992.1 Million by the year 2030 trailing a CAGR of 9.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Attributes:

Report Attribute Details
No. of Pages 335
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $5.1 Billion
Forecasted Market Value (USD) by 2030 $8.7 Billion
Compound Annual Growth Rate 6.9%
Regions Covered Global

MARKET OVERVIEW

  • Pandemic Impacts Growth in Hot Water Recirculation Pumps
  • An Introduction to Hot Water Recirculation Pumps
  • Hot Water Circulation Systems: A Historical Perspective
  • Parameters Determining Selection of Hot Water Circulation Pumps
  • Types of Hot Water Recirculating Pumps
  • Global Market Prospects & Outlook
  • Competition
  • Hot Water Recirculation Pumps - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • World Brands
  • Recent Market Activity

MARKET TRENDS & DRIVERS

  • Rising Significance of Hot Water Recirculation Pumps in Enhancing Energy Efficiency and Reducing Energy Costs Drive Gains
  • Resource Efficiency and Climate Change: Critical Factors Fuel Demand for Recirculating Systems
  • As Climate Change and Emissions Emerge as Key Challenges, Focus on Resource and Energy Efficiency Fuels Demand for Hot Water Recirculation Pumps: Global CO2 Emissions in Billion Metric Tons of CO2 Per Year
  • With Fast-Paced Industrialization, Rising Demand for Hot Water from Industries Spurs Market Opportunities
  • Growing Adoption of BEM Systems to Spur Demand
  • Rapid Urbanization and Need for Convenience Spur Demand for Hot Water from Households, Presenting Growth Opportunities
  • Importance of Hot Water Piping Systems in Buildings to Fuel Market Gains
  • Management of Heat Loss and Flow Rates in Hot Water Circulation Pump Systems
  • Criticality of Safety in Hot Water Piping Systems
  • Efficient Hot Water Distribution Becomes Important for Multifamily Buildings
  • Market to Benefit from New Circulator Pump Control Technologies
  • Circulating Pumps Become More Efficient and User-Friendly
  • Hot Water Recirculating Loops Emerge as Water-Saving Feature
  • Rising Usage of Hot Water in District Heating Networks: Potential for Growth
  • Market to Benefit from the Implementation of Regional Codes and Standards for Energy Utilization & Optimization
  • Regulations Governing Temperature Maintenance of Hot Water Systems
  • Strict Regulations to Curb GHG Emissions and Clean Energy Targets to Propel Growth
  • Corrosion Presents a Key Challenge to Hot Water Circulation Systems
  • Corrosion in Hot Water Recirculating Systems of Commercial Buildings

FOCUS ON SELECT PLAYERS (Total 43 Featured)

  • Daikin Industries Ltd.
  • Flowserve Corporation
  • Ebara Corporation
  • Rheem Manufacturing Company
  • KSB SE & Co. KGaA
  • A.O. Smith Corporation
  • Stiebel Eltron GmbH & Co. KG
  • AMETEK Dynamic Fluid Solutions
  • Armstrong Fluid Technology
  • Hamworthy Heating
  • Dickow Pump Co.
  • Calpeda S.p.A.
  • Emile Egger & Cie SA
  • AquaMotion, Inc.
  • Grundfos

For more information about this report visit https://www.researchandmarkets.com/r/hnp2q3

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