The global Hot Water Recirculation Pumps industry to grow at a CAGR of 8.57% during the period 2017-2021.
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The global Hot Water Recirculation Pumps market research report identifies the following companies are the key players: Danfoss, Grundfos, NIBE, Taco Comfort Solutions, and Xylem.
Other Prominent Vendors in the market are: Advanced Conservation Technology, Airwell, Anderson-Barrows, Armstrong, CIAT, Daikin, Hitachi Appliances, KLIMATEHNIK, MISOL, Mitsubishi Electric, Sanden Corporation, SIRAC, TOSHIBA, WATERKOTTE, and Watts.
Complete report on the Hot Water Recirculation Pumps Market Research Report spread across 71 pages, profiling 20 companies with table of content is now available at www.reportsnreports.com/contacts/.aspx?name=1127693 .
Hot Water Recirculation Pumps Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.
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The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing integration of smart homes with IoT. The rising disposable income of consumers and increasing awareness on smart homes are creating a new direction for consumers to spend on a cause of benefit.
The inclination of people to lead a luxurious and automated life is prompting them to understand the idea of smart homes integrated with the Internet of Things (IoT).
According to the report, one driver in the market is increasing implementation of regional codes and standards. Energy efficiency programs are mainly governed by regional and country level regulatory bodies.
These regulations and best practices are piloted and implemented across the region for effective energy utilization and optimization. For instance, California Energy Commission's Building Energy Efficiency Program - Title 24 instructed all newly constructed buildings, which may accommodate multiple families should be provided with hot water recirculation loops.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one challenge in the market is corrosion of piping systems. Hot water recirculation pumps allow hot water to flow out through the pipes from faucets in a faster manner.
This is possible because the flow of the water in at a high velocity, which causes corrosion in the interiors of the pipes. The heat of the water and the chemistry of the water are responsible for the promotion, apart from the speed of the water.
The corrosion of these pipes adds to the overall cost of the purchase, installation, and maintenance costs of a hot water recirculation pump.
This report covers the present scenario and the growth prospects of the global hot water recirculation pumps market for 2017-2021. To calculate the market size, the report considers new installations, retrofits, replacements, and aftermarket services.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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