$6.1 Billion Worldwide Hot Water Recirculation Pumps Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Hot Water Recirculation Pumps - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 6th edition of this report. The 277-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Hot Water Recirculation Pumps Market to Reach $6.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Hot Water Recirculation Pumps estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$6.1 Billion by 2027, growing at aCAGR of 7.3% over the period 2020-2027.

Active Hot Water Recirculation Pumps, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$3.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passive Hot Water Recirculation Pumps segment is readjusted to a revised 7.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 11.2% CAGR

The Hot Water Recirculation Pumps market in the U.S. is estimated at US$1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Competitors identified in this market include, among others:

• ACT Inc.
• Airwell Group
• CIAT Group
• Daikin Industries Ltd.
• Danfoss A/S
• Grundfos
• Hitachi Appliances, Inc.
• Klimatehnik D.o.o.
• Mitsubishi Electric Corporation
• NIBE Industrier AB
• S. A. Armstrong Limited
• SANDEN International (Australia) Pty. Ltd.
• Taco Comfort Solutions, Inc.
• WATERKOTTE GmbH
• Watts Water Technologies, Inc.
• Xylem, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Hot Water Recirculation Pumps Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/5a0mo7