Domestic Booster Pumps Market

Name: domestic booster pumps market
Brand: Future Market Insights
SKU: REP-GB-12676
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2020 Analysis and Review: Domestic Booster Pumps Market by Application – Kitchen, Bathroom, Water Heating Units, et al for 2020-2030

2020-10-26
REP-GB-12676
273 pages
Industrial Automation

Introduction

A booster pump is a mechanical system whose function is to regulate the pressure of the liquid by maintaining the flow rate and providing impetus to transfer water from one area to another. Since water supply is an essential amenity in the residential sector, the need to maintain regular water supply necessitates the usage of booster pumps.

Home and domestic booster pumps for water are electricity-based centrifugal pumps with a non-return valve and house speed pumps which start operating when the water pressure drops below the pre-set low-pressure level. Similarly, speed pumps stop operating when the pressure of the water touches the high-pressure point.

By doing so, domestic booster pump assure the water transfer rate stays within the desired range, and wastage of water is minimal. Home booster pumps are designed to cater to the water supply needs in the residential sector to ensure an uninterrupted supply of water for water heater units, kitchen, and bathroom, among other application areas.

As high-rise buildings become a norm in the swiftly urbanizing world, there is a high demand for booster pumps for domestic market to ensure water reaches all the floors. Likewise, the growth of the global domestic booster pumps market is driven by the thriving household construction industry, which subsequently propels the demand for essential systems including domestic booster pumps for water.

Impetus from Infrastructure Development Activities

The sales of domestic water booster pump are directly influenced by the growing number of houses and residential complexes. According to the October issue of monthly residential construction statistics released by the US Census Bureau, over 1.4 Mn residences finished construction in September 2020, registering a 25% spike from the preceding year.

Furthermore, another 1.4 Mn residences began construction in the same month, recording an 11% increase from the previous year. The same data revealed that more than 1.5 Mn building permits were granted in September 2020, indicating an 8.1% increase from September 2019.

The growing number of houses clearly allude to the widening growth opportunities for players manufacturing booster pumps for the domestic market.

While the aforementioned statistics represent a developed economy, the presence of an equally flourishing residential construction industry in the emerging economies of East Asia and Latin America cement long-term growth prospects for the market.

Moreover, macroeconomic factors such as rapid urbanization and increasing population density worldwide will continue to propel the demand for essential utilities such as home and domestic booster pumps across flats, farmhouses, houses, and guest houses, among other residential complexes.

Need for Energy Saving Technology

In the recent past, energy-saving technology has gained prominence in the residential sector owing to rising awareness among consumers regarding the need to save energy.

The demand for sustainable utilities that consume minimal energy is gaining remarkable traction, thereby driving demand for variable frequency drive (VFD) based hydro-pneumatic booster pumps.

Since they operate using VFD technology, hydro-pneumatic booster pumps are used to maintain uniform and constant water pressure in all tap points and water outlets in the high-rise buildings ensuring neither water nor energy is wasted. Since only the required amount of water is used, spending on both the water and energy is seamlessly reduced.

In addition to minimal environmental effect, hydro-pneumatic pumps require less maintenance, subsequently reducing the maintenance costs. Manufactures are developing VFD-technology-based pumps to leverage evolving consumer preference and are working on raising awareness pertaining to environmental and economic advantages associated with these designs.

Market players are directing their efforts towards upscaling production of plug-and-play booster pumps for the domestic market to overcome several restraints of existing conventional designs. Rikos Energy, offers smart systems by the brand Wolfpack Series pumps, which are pre-programmed with VFD functions to increase efficiency and save energy.

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Technical Challenges

Although booster pumps are vital components in the residential sector, certain technical difficulties associated with them are limiting the adoption to an extent, asserting consumers to seek powerful, commercial booster pumps, especially for large residential complexes with high population density and high consumption of water.

When not operated for prolonged periods, these pumps tend to get clogged, blocking the smooth passage of water, and clearing the coagulations requires maintenance which in turn results in additional expenses.

To lower the probability of coagulations, market players are focusing on proper installation methodologies, which act as the root cause in the majority of pump suction issues.

Also, air trapping in pipes is an issue that metamorphoses into a larger problem as the volume of liquid increases. To avoid this, end-users have to install air release valves, which increases the maintenance expenses and requires replacement of pipes in some cases.

Other shortcomings of oversized, overpowered and fixed-speed domestic booster pumps such as malfunctioning of valves and internal impellers are also acting as challenges to the steady growth of the market. Furthermore, the high cost of installation due to numerous components involved such as sensors, control units, relays, etc. is limiting the sales.

Region-wise Insights

East Asia Domestic Booster Pumps Market

East Asia, spearheaded by China, continues to be one of the leading markets for domestic booster pumps globally. The region's lucrativeness is attributed to rapid urbanization and industrialization in developing economies such as China and South Korea, where the number of residential complexes is rising year on year.

For instance, in China, construction of over 6 Mn apartments was completed in the year 2018, registering a significant uptick from the previous decade.

As the number of houses across these regions continues to register a notable increase year on year, the demand for residential booster pumps will prevail high for the years to come.

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North America Domestic Booster Pumps Market

North America, led by the US, will remain the second most lucrative region through assessment period, capturing over 1/5th of the total value. The lucrativeness of the region is attributed to the continually rising number of residential buildings in the region.

In addition to the presence of thriving residential construction industry, the region is bolstered by the presence of several major market players, and high awareness among consumers regarding the availability of energy-saving home and domestic booster pumps.

Moreover, the high spending power of American manufacturers on R&D activities to develop smart and automated pump systems is paving the way for the long-term growth of the market in the region.

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Europe Home & Domestic Booster Pumps Market

The European region will remain a prominent region through the forecast period, accounting for nearly 1/5th of global value. The region is benefitted by the presence of numerous established market players including KSB SE & Co. KGaA, Grundfos Holding A/S, and Alfred Karcher GmbH & Co. KG. Similarly, proliferating residential construction activities will continue to impel revenue to market players.

Furthermore, the European Commission, through the Intelligent Energy - Europe (IEE) program, launched an initiative named Energy + Pumps to create inclination towards highly energy-efficient pumps and technologies for small- and medium-sized circulators in domestic heating systems. Such moves will, in turn, propel the adoption of energy-efficient domestic booster pump systems.

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Category-wise Insights

Growing Demand for Low Watt Domestic Booster Pumps

Home booster pumps with a rated power 50-150 W and above 300 W are poised to collectively account for more than half of overall value, with the former capturing 1/3rd of share. 50-150 W pumps are ideal for medium-sized buildings, while 300 W pumps suit the power requirements of high rise buildings.

Preference for 1 Bar Pressure

By water pressure, the 1 bar segment is projected to capture the lion's share in the market value, accounting for more than 2/5th of market value, while the >1 bar segment is poised to hold the second largest market share.

Gardening Sprinklers & Pipes Remains a Key Application

Based on application, home, and domestic booster pumps find the majority of applications in gardening sprinklers & pipes, capturing over 2/5th of market value.

Domestic booster pumps are here used to uniformly and periodically provide water supply to outdoor lawns in the residential sector.

Traditional Sales Channels Hold Sway

On the basis of the sales channel, the offline segment is poised to hold over three quarters of market value owing to a high preference among consumers to personally inspect the product before purchase and lack of popular industrial online sales portals.

On the other hand, online sales channels will register healthy growth through the assessment period backed by the increasing popularity of e-commerce.

Competitive Landscape

Domestic booster pump manufacturers are investing in R&D activities to develop innovative and energy-efficient products to cater to the evolving preferences of consumers. Besides, the up-gradation of production technologies and the expansion of production capacity will remain key growth strategies.

Similarly, organic strategies such as acquisitions and partnerships will continue to shape the competitive landscape through the forecast period.

In 2019, Franklin Electric Co., Inc. acquired 70% of the outstanding stock of Pluga Pumps and Motors Private Limited. Furthermore, in December 2019, Grundfos Holding A/S entered a partnership with Siemens AG to focus on global water challenges and save energy with a focus on water and wastewater applications.