The HVAC systems integrated in the buildings are a bit expensive to operate. Owners of the buildings invest huge amounts in the environmental and building control systems. However, the building management systems are essential for productivity, safety and occupant comfort. The valves and actuators form a very crucial part of the HVAC system as they account for more than 30% of the energy consumption of the total HVAC system. Efficient, smart buildings manage those costs with reliable HVAC control devices that help regulate and decrease a facility's energy use.
Intelligent control systems for valve trees are becoming essential, being one of the most powerful trends in valve design. Having increased reliability and responsiveness, these systems are preferred to industry standard electro-hydraulic control systems as they allow monitoring through a central control station. As the use of analytics for leveraging the data generated by modern systems and devices that make up the building infrastructure network is the most efficient approach. In the future years the HVAC valve industry is expected to witness a trajectory in adoption of connected valves.
The global HVAC Valve market by product was led by pressure independent valve segment. Rest products considered in the HVAC Valve market include ball valve, globe valve, and butterfly valve among others.
The HVAC market by application is segmented into residential, industrial, and commercial. The HVAC valves regulate, block and allow the flow of any media such as liquid, gases and water through the pipeline. The rise in the service and IT industry has led to the drastic growth in the number of commercial building constructions in the last few years. Apart from this, stringent Government regulations imposed on maintaining energy-efficiencies in these buildings have led to increasing adoptions of products that optimize energy consumptions.
New market initiatives was observed as the most adopted strategy in global HVAC industry. Few of the recent market initiatives are listed below:
2019 Optimum Energy and Belimo Automation AG are advancing innovative HVAC optimization solutions through a licensing deal that provides Belimo with Optimum Energy’s recently patented IoT technologies for smart valves.
2019: Flowserve appointed new Marketing & Technology VP, Dr Tauseef Salma. With Tauseef’s extensive technology background and long-term experience in industries.
2018: Samson inaugurated valve development centre, the ultra-modern R&D and test centre for valve engineering in Frankfurt.
The regional trends and factors influencing the HVAC Valves Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses HVAC Valves Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 4.44 Billion |
| Market Size by 2027 | US$ 6.99 Billion |
| Global CAGR (2018 - 2027) | 5.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The HVAC Valves Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the HVAC Valves Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The List of Companies