About Hot Water Recirculation Pumps
A hot water recirculation pump is a specific type of pump that continuously circulates water back to the heating unit. The flow is controlled by a circulating valve. The water being circulated is maintained at a set temperature so that the user does not have to wait for the cold water to run out before receiving the desired hot water. It is an energy-efficient technology, which is adopted by the facility owners in the residential, commercial, and industrial sectors to reduce energy consumption.
Technavio’s analysts forecast the global hot water recirculation pumps market to grow at a CAGR of 8.57% during the period 2017-2021.
Covered in this report
The 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.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hot Water Recirculation Pumps Market 2017-2021
Technavio recognizes the following companies as the key players in the global hot water recirculation pumps market: 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.
Commenting on the report, an analyst from Technavio’s team said: “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.
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.
Danfoss, Grundfos, NIBE, Taco Comfort Solutions, and Xylem.Advanced Conservation Technology, Airwell, Anderson-Barrows, Armstrong, CIAT, Daikin, Hitachi Appliances, KLIMATEHNIK, MISOL, Mitsubishi Electric, Sanden Corporation, SIRAC, TOSHIBA, WATERKOTTE, and Watts.