UK markets closed

  • FTSE 100

    7,631.74
    +11.31 (+0.15%)
     

  • FTSE 250

    18,928.30
    +20.56 (+0.11%)
     

  • AIM

    809.27
    +3.43 (+0.43%)
     

  • GBP/EUR

    1.1373
    +0.0018 (+0.16%)
     

  • GBP/USD

    1.2332
    -0.0058 (-0.47%)
     

  • Bitcoin GBP

    23,123.51
    +489.03 (+2.16%)
     

  • CMC Crypto 200

    621.79
    +7.58 (+1.23%)
     

  • S&P 500

    4,109.31
    +58.48 (+1.44%)
     

  • DOW

    33,274.15
    +415.12 (+1.26%)
     

  • CRUDE OIL

    75.70
    +1.33 (+1.79%)
     

  • GOLD FUTURES

    1,987.00
    -10.70 (-0.54%)
     

  • NIKKEI 225

    28,041.48
    +258.55 (+0.93%)
     

  • HANG SENG

    20,400.11
    +90.98 (+0.45%)
     

  • DAX

    15,628.84
    +106.44 (+0.69%)
     

  • CAC 40

    7,322.39
    +59.02 (+0.81%)
     
Money:

Seven bills are about to go up in April – here’s how you can cope

This is how you can reduce costs and save money

Global Hot Water Recirculation Pumps Strategic Markets Report 2023: Rapid Urbanization and Need for Convenience Spur Demand for Hot Water from Households, Presenting Growth Opportunities

Research and Markets
·5-min read
Company Logo
Company Logo

Global Market for Hot Water Recirculation Pumps

Global Market for Hot Water Recirculation Pumps
Global Market for Hot Water Recirculation Pumps

Dublin, March 09, 2023 (GLOBE NEWSWIRE) -- 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. Taking into account the ongoing post pandemic recovery, growth in the Passive Pumps segment is readjusted to a revised 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.

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel.

Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.

Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

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

Key Topics Covered:

MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession

  • Living with COVID-19: The New Normal

  • Amidst the Pandemic, Subdued Industrial Activity Affects Growth

  • 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

  • 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)

  • A. O. Smith Corporation

  • Armstrong Fluid Technology

  • AUMA Riester GmbH & Co. K.G.

  • BacoEng

  • Calpeda S.p.A.

  • Danfoss A/S

  • Emile Egger & Cie S.A.

  • Flowserve Corporation

  • Grundfos Holding A/S

  • Mitsubishi Electric Corporation

  • Rheem Manufacturing

  • Saer Elettropompe SpA

  • SANDEN International (Australia) Pty. Ltd.

  • Taco Comfort Solutions

  • WATERKOTTE GmbH

  • Watts Water Technologies, Inc.

  • Xylem, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/w5mez2

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


Latest stories

  • Carmakers to ration petrol and diesel car sales until 2030 ban

    Car manufacturers will be forced to ration the number of petrol and diesel cars it sells from next year until 2030 when these sales will face an outright ban.

  • Where does the UK get its gas from?

    Everything you need to know about the UK’s gas supply and why prices have been increasing

  • Analysis-From manual pricing to ChatGPT: How Air India is transforming under Tata

    Air India, until recently tied to an antiquated manual pricing system when setting airfares, is shifting to algorithm-based software long used by rivals to help it squeeze out more revenue from each flight. In another sign of the formerly government-owned carrier's whirlwind transformation under its new owner Tata Group, Air India is testing ChatGPT, OpenAI's popular chatbot, to replace paper-based practices. The push to modernise underscores the decay left by years of under-investment as Air India looks to shed decades-old bureaucratic processes and recapture customers from Dubai's Emirates and powerful domestic rival IndiGo.

  • Here Are the US Chipmakers Most Exposed to Escalating Tensions With China

    (Bloomberg) -- China’s cybersecurity review of Micron Technology Inc. could jeopardize the 11% of revenue America’s largest memory chipmaker derives from the country, but there are other US semiconductor makers more at risk. Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsWorld’s Top-Rated Airport Sees Immigration System RestoredFlight to Money Funds Is Adding to the Strains on Small Ba

  • Easter holidaymakers warned of disruption as Heathrow Airport security guards start 10-day strike

    Ten days of of strikes by security guards at Heathrow Airport start today after last-minute talks failed to resolve a pay dispute.

  • Trending tickers: Rolls-Royce | Rio Tinto | ASML | Nvidia

    The latest investor updates on stocks that are trending on Friday.

  • Why is Britain joining a trans-Pacific trade pact?

    LONDON (Reuters) -Britain on Friday agreed to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade pact based around the Pacific rim, as it seeks to build ties around the world after leaving the European Union. Here are some details of the agreement as Britain seeks post-Brexit trade wins in geographically distant but faster growing economies. CPTPP is a free trade agreement (FTA) that was agreed in 2018 between 11 countries - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

  • Heathrow airport security guards begin 10-day strike over pay

    Strikes by security guards at Heathrow airport begin on Friday 31 March after last-ditch talks failed to resolve a pay dispute. The action is likely to disrupt school holiday travel, with around 1,400 members of Unite walking out for 10 days, including most of the Easter weekend.According to the union, talks broke down because Heathrow Airport Limited (HAL) failed to substantially improve its pay offer. The strike involves security officers at terminal five, used exclusively by British Airways, and campus security guards who are responsible for checking all cargo that enters the airport.

  • Russian carmaker Avtovaz brings forward holiday shutdown amid component shortage

    Russia's largest carmaker, Avtovaz, said on Thursday that it was bringing forward an annual three-week company summer holiday by several weeks because of component shortages. Russia's auto industry has been hit hard by the fallout of Western sanctions and Russia's military campaign in Ukraine, having previously been reliant on Western investment, parts and partnerships. The company said it was working to establish new logistics corridors, and in 2022 found ways to replace more than 200 car parts that some countries were refusing to export to Russia.

  • Natural gas down almost 4% on smaller-than-expected storage draw

    U.S. natural gas prices fell 4% Thursday, reaching once again for a test of the critical $2 support, after weekly draw numbers for the fuel from storage turned out to be smaller than thought. Utilities pulled 47 billion cubic feet of natural gas from storage for heating and electricity generation last week, lower than the 54 bcf anticipated by industry analysts, the Energy Information Administration, or EIA, said. The weaker-than-forecast withdrawal left 1.853 trillion cubic feet, or tcf, of gas in U.S. inventory, the EIA said in its report on gas storage balance for the week ended March 24.

  • Factbox-The Japanese chipmaking equipment manufacturers navigating export curbs

    Japan has seen its share of the semiconductor market fall from 50% in the late 1980s to about 10% but still hosts some of the most advanced chipmaking equipment manufacturers, making it relevant to U.S. attempts to curb technology exports to China. The United States in October imposed restrictions on shipments of chipmaking tools to China to slow advances in its chip industry and ultimately its military, and has been seeking the cooperation of major chipmaking peers Netherlands and Japan. On Friday, Japan said it would restrict exports of 23 types of chipmaking gear, though without specifying any country.

  • Iveco to transfer Nordic retail and commercial operations to Hedin

    Italian truck and bus maker Iveco Group said on Thursday it had struck a preliminary deal with Sweden's Hedin Mobility Group to transfer it its distribution and retail business in Nordic countries to simplify its operations. Iveco Chief Executive Gerrit Marx said Hedin's "remarkable market penetration" would help his company support its trucks, particularly those with electric and alternative propulsion systems. Iveco will transfer its commercial activities for light, medium and heavy trucks in Sweden, Norway, Finland and Denmark, as well as retail sale activity for minibuses to Hedin, it said in a statement, without providing financial details.

  • UK car production up 13.1%, driven by uplift in exports

    UK car production was up 13.1% year-on-year in February, driven by an uplift in export numbers. The Society of Motor Manufacturers and Traders (SMMT) said that 69,707 cars were made last month, with 81.2% of those destined for overseas markets. Almost 60% of those exported went to the European Union, by far the biggest market for UK-made vehicles.

  • U.S. natural gas storage down by 47 bcf last week vs. forecast of 54 bcf - EIA

    Utilities pulled 47 billion cubic of natural gas from storage for heating and electricity generation last week, lower than the 54 bcf anticipated by industry analysts, a government report showed Thursday. The weaker-than-forecast withdrawal left 1.853 trillion cubic feet, or tcf, of gas in U.S. inventory, the Energy Information Administration, or EIA, said in its weekly report of gas storage balances. The current U.S. gas inventory was 31% higher from the balance at the same time a year ago and 21% up versus the five-year average for storage, the EIA said.

  • Australia risks losing pole position in critical minerals race

    Australia is at risk of losing its head start in critical minerals processing because it has not yet laid down a national strategy, even as other governments are splashing out incentives to grab market share and bolster security. Supplier of nearly half of the world's lithium, Australia is also the world's third-largest cobalt exporter and a significant producer of rare earths, copper, graphite, manganese and other minerals key to the global energy transition. However those minerals are largely processed in China, including into materials essential in batteries and magnets for products from electric vehicles to missiles.

  • BHP and Rio Chiefs Talk Green Metals in Post-Covid China Visits

    (Bloomberg) -- Green metals are becoming a major focus for the bosses of the world’s top miners after visits to their biggest customers in China. Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida Cities$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketScotiabank Economist Excoriates Trudeau, Freeland Over $32 Billion Spending BoostUS Air Force Plans to End Lockheed Hypersonic Weapon ProgramBHP Group’s Mike Henry

  • Oil Rises to Two-Week High in Thin Trade Amid Supply Disruptions

    (Bloomberg) -- Oil rose to its highest in two weeks as export disruptions and broader market bullishness pushed prices up.Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentSingapore’s Changi Airport Warns of Delays Due to System Issues$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot Market$52 Billion Chipmaking Plan Is Racing Toward FailureA $3 Trillion Threat to Global Financial Markets Looms in JapanStrikes in France over pension reforms have forced the

  • Kathy Burke praised for ‘woke’ rant after Amanda Holden’s Paul O’Grady remark

    Comedian said that people who misuse term ‘get on my f***ing nerves’

  • Prince Harry and Meghan Markle share good news after Duke's surprise UK visit

    The Duke and Duchess of Sussex shared some good news from their Archewell foundation

  • Gwyneth Paltrow whispers final message to ski crash accuser after winning lawsuit

    The Hollywood megastar and Goop mogul was seen leaning in to her legal opponent following the jury’s verdict