Domestic Booster Pumps Market Trends

Growth Drivers

Rising Research & Development Activities

The surge in the activities of research & development for the development of smart pump systems in order to save energy is driving the growth of the market. The manufacturers are improving their production capabilities to reach the convenience of users by creating plug and play booster pumps. In addition, despite of COVID-19 outbreak which has lead to loss of essential services, the domestic booster pump companies are still addressing emergency situations in order to meet the demands of customers. In case of any fault in domestic booster pumps and other essential services, the customer can register for issues and the dedicated service department will address the situation. Further, research & development is taking responsibilities of crisis that requires prearranged time for the collection of goods. The limited environmental footprint along with the minimum maintenance related to domestic booster pumps is boosting the market growth over the forecast period.

Challenges

High Cost Associated with the Product

The currently available domestic booster pumps work on electricity, which leads to the rise in electricity cost and makes it expensive. Further, these booster pumps working on electricity are not environment friendly and do not save energy. Hence, these factors are expected to hinder the market growth during the forecast period.