Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Hot Water Circulator Pump Market Research Report –

Hot Water Circulator Pump Market 2018
Hot Water Circulator Pump Market Share, Size, Trends, And Business Opportunity Analysis Report
2018 include historic data, with forecast data to 2021. Hot Water Circulator Pump Market report
is helpful for future strategy development, and to know about Market Drivers, Restraints,
Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2021
Global Hot Water Circulator Pump Market Information Report, By Type (Single-Stage Pump and
Multistage Pumps), By Application (Residential, Commercial and Industrial) and By Region -
Forecast To 2021
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Market Scenario
Hot water circulating pumps are basically a category of circulating pumps, which ensure
immediate availability of hot water from the taps, faucets, or exhaust systems. These pumps
impel hot water through the pipes, at a steady pace, and back to the water heater through a
dedicated line or through a cold water line. The hot water circulating pumps market is mainly
gaining traction, globally due to their ability to save water. Rapidly growing usage in commercial
and residential applications coupled with the continued employment in industries, is expected
to positively impact the hot water circulating system market.
The global hot water circulating pump market was valued at USD 19,014.0 million in 2016,
which is expected to reach USD 22,083.3 million by 2021 with the CAGR of 3.14%. Moreover, in
terms of volume, in 2016, the global consumption of hot water circulator pump was 37.80
million units, which is expected to reach 42.07 million units by 2021, with the CAGR of 2.26%.
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 fueled 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.
Segmentation:
For this study, the global hot water circulator pump market has been segmented on the basis of
type and application. On the basis of type, the market has been segmented as single-stage
pump and multistage pumps. Single-stage pumps account for the higher market share, followed
by multi-stage pumps. The growing preferences of single stage pump for residential purpose