February 15, 2024 10:29 ET | Source: Research and Markets Research and Markets
Dublin, Feb. 15, 2024 (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. Growth in the Passive Pumps segment is estimated at 6.6% CAGR for the next 8-year period. Central Heating Circulating Pump
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?
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