According to a new market report by Lucintel, the future of the domestic booster pump market looks promising with opportunities in the building and construction industry. The domestic booster pump market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are the growing construction industry and demand for efficient pumping solutions, which have resulted in the shift from traditional pumps to booster or intelligent pumps and due to its properties such as, easy to operate and monitor.
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A booster pump is a machine which will increase the pressure of a fluid. In this market, single stage and multiple stage pumps are the major product types. Multiple stage is the largest segment. Multiple pumps are used to boost water supply in tall buildings or in hilly areas for various commercial and residential applications.
DIY, wholesalers, and third party installers are the major distribution channels of the domestic booster pump market.
Asia Pacific will remain the largest market over the forecast period due to growing residential and non residential construction activities.
Aquatec, Dab Pumps Spa, KSB Pumps, Franklin Electric, Grundfos, Xylem, Kärcher, SyncroFlo, Wilo, and Zodiac Pool Solutions are among the major manufacturers of domestic booster pump.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the domestic booster pump market by product, type, application, distribution channel, and region. Lucintel has prepared a comprehensive research report titled "Domestic Booster Pump Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the domestic booster pump market by product type, application, distribution channel, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Single Stage
Multiple Stage
By End Use [$M shipment analysis for 2013 – 2024]:
Residential
Non residential
By Distribution Channel [$M shipment analysis for 2013 – 2024]:
DIY
Wholesalers
Third Party Installers
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/domestic-booster-pump-market.aspx or helpdesk@lucintel.com.
About Lucintel
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