HVAC Valves Market to Reach US$ 6992.5 million at CAGR of 5.2% in 2027

Premium Insights

The global HVAC valves market is accounted to US$ 4442.8 Mn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 – 2027, to account to US$ 6992.5 Mn by 2027.

Asia-Pacific was the leading geographic HVAC market and it is anticipated to be the highest revenue contributor throughout the forecast period. The improving infrastructure, rising domestic consumption and lower costs are some of the factors attracting manufacturing companies in countries like china, India, Japan and South Korea, which is further expected to fuel HVAC Valves market in this region.

Market Insights

Adoption of Building Energy Management System (BEMS)

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.

Emergence of Connected valves

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.

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HVAC Valves Market: Strategic Insights

HVAC Valves Market

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  CAGR (2018 - 2027)

  5.2%
• Market Size 2018
  US$ 4.44 Billion
• Market Size 2027
  US$ 6.99 Billion

Market Dynamics

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• AVK HOLDING A S
• BELIMO HOLDING AG
• DANFOSS A S
• FLOWSERVE CORPORATION
• MSP Secretaries
• JOHNSON CONTROLS INTERNATIONAL PLC
• MUELLER INDUSTRIES INC
• SAMSON CONTROLS INC
• SCHNEIDER ELECTRIC SE

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Product

• Ball Valve
• Globe Valve
• Butterfly Valve
• Pressure Independent Valves

Application

• Residential
• Industrial
• Commercial

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Product Insights

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.

Application Insights

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.

HVAC Valves Market Report Scope

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GLOBAL CORPORATE SECRETARIAL SERVICES – MARKET SEGMENTATION

By Product

• Ball Valve
• Globe Valve
• Butterfly Valve
• Pressure Independent Valves
• Others

By Application

• Residential
• Industrial
• Commercial

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific (APAC)
  • Australia
  • China
  • India
  • Japan
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
• South America (SAM)
  • Brazil
  • Rest of SAM

Company Profiles

• AVK HOLDING A/S
• BELIMO HOLDING AG
• DANFOSS A/S
• FLOWSERVE CORPORATION
• MSP Secretaries
• JOHNSON CONTROLS INTERNATIONAL PLC
• MUELLER INDUSTRIES, INC.
• SAMSON CONTROLS INC.
• SCHNEIDER ELECTRIC SE
• SIEMENS AG