North America HVAC Valves Market 2027 By Product, and Application | The Insight Partners
HVAC Valves market in North America is expected to grow from US$ 761.9 Mn in 2017 to US$ 1209.7 Mn by the year 2027. This represents a CAGR of 4.9% from the year 2018 to 2027.
Growing Acceptance of Building Energy Management System (BEMS) is fueling the North America HVAC Valves market. With urbanization and industrialization at a very rapid pace, an exponential rise in the residential, commercial and industrial building construction activities has been witnessed. Post the recovery from the recession in the year 2014, the construction market gathered pace. Lowering interest rates on housing loans, lower interest rates for businesses, subsidies by Governments for industrial setups have further helped the proliferation of construction market. Also, in most of the commercial buildings, footfalls create a difference for generating revenues, and therefore, the lighting, heating and air conditioning systems in the commercial buildings is highly emphasized upon, thereby driving the HVAC Valves market in North America.
The rising integration of connected valves for industrial, commercial and residential sectors is anticipated to fuel the North America HVAC Valves market growth. Valves integrated with embedded processor and networking capability to achieve sophisticated monitoring technology which can be coordinated with central control station is thus anticipated to gain traction in the coming times. In order to attain this in industries, industrial valves are connected to data network, coordinating control valve operation with the data available. Connecting valves to a network allows distributed control, which can enable operators to reconfigure piping and networking systems so that a field can continue producing even if there is a blockage in, or damage to, the pipeline network. These initiative by the market player are enhancing the growth of North America HVAC Valves market.
US is anticipated to leads the HVAC Valves market across the North America region through the forecast period. The automotive industry is one the largest manufacturing sector in the U.S. According to OICA data, total car production in year 2016 was 4.2 Mn in the U.S. Further, the country has a strong aerospace & defense manufacturing sector. Recently, the federal government pledged to bring back the manufacturing companies to the U.S., which shifted overseas for attaining cost-competitiveness. The government announced its plans to offer tax-cuts to manufacturers based in the U.S. as well as to impose higher tariffs on overseas manufacturers. This will further propel the growth of manufacturing industry in the country thereby, accelerating the growth of HVAC valves market in the U.S. This bolster the North America HVAC Valves market on the forecast period. The figure given below highlights the revenue share of Mexico in the North America HVAC Valves market in the forecast period:
Mexico HVAC Valves Market Revenue and Forecasts to 2027 (US$ Bn)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
NORTH AMERICA HAVC VALVES – MARKET SEGMENTATION
By Product
- Ball Valve
- Globe Valve
- Butterfly Valve
- Pressure Independent Valve
By Application
- Residential
- Industrial
- Commercial
By Country
- US
- Canada
- Mexico
Companies Mentioned
- AVK Group A/S
- Belimo Holding AG
- Danfoss A/S
- Flowserve Corporation
- Honeywell International Inc.
- Johnson Controls International Plc.
- Mueller Industries, Inc.
- Samson Controls, Inc.
- Schneider Electric SE
- Siemens AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
PART 1.INTRODUCTION
1.1THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.2MARKET SEGMENTATION
PART 2.KEY TAKEAWAYS
PART 3.RESEARCH METHODOLOGY
3.1.1Coverage
3.1.2Secondary Research
3.1.3Primary Research
PART 4.NORTH AMERICA HVAC VALVES MARKET LANDSCAPE
4.1MARKET OVERVIEW
4.2ECOSYSTEM ANALYSIS
4.3NORTH AMERICA PEST ANALYSIS
PART 5.NORTH AMERICA HVAC VALVES MARKET - KEY INDUSTRY DYNAMICS
5.1KEY MARKET DRIVERS
5.1.1Growing Acceptance of Building Energy Management System (BEMS)
5.1.2Boosting Exposure of IIOT
5.2KEY MARKET RESTRAINTS
5.2.1Issues Associated with Servicing and Maintenance of Valves in some of the HVAC Systems
5.3KEY MARKET OPPORTUNITIES
5.3.1Advancement of HVAC valves with the Adoption of New Material
5.4FUTURE TRENDS
5.4.1Rising Integration of Connected valves for Industrial, Commercial and Residential Sectors
5.5IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
PART 6.NORTH AMERICA HVAC VALVES MARKET -MARKET ANALYSIS
6.1NORTH AMERICA HVAC VALVES MARKET OVERVIEW
6.2NORTH AMERICA HVAC VALVES MARKET FORECAST AND ANALYSIS
PART 7.NORTH AMERICA HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - PRODUCT
7.1OVERVIEW
7.2NORTH AMERICA HVAC VALVES MARKET BREAKDOWN, BY PRODUCT, 2018 & 2027
7.3BALL VALVE MARKET
7.3.1Overview
7.3.2North America HVAC valves Market, By Ball Valve Market Forecasts and Analysis
7.4GLOBE VALVE MARKET
7.4.1Overview
7.4.2North America HVAC valves Market, By Globe Valve Market Forecasts and Analysis
7.5BUTTERFLY VALVE MARKET
7.5.1Overview
7.5.2North America HVAC valves Market, By Butterfly Valve Market Forecasts and Analysis
7.6PRESSURE INDEPENDENT VALVES MARKET
7.6.1Overview
7.6.2North America HVAC valves Market, By Pressure Independent Valves Market Forecasts and Analysis
7.7OTHERS MARKET
7.7.1Overview
7.7.2North America HVAC valves Market, By Other Product Market Forecasts and Analysis
PART 8.NORTH AMERICA HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1OVERVIEW
8.2NORTH AMERICA HVAC VALVES MARKET, BY HVAC VALVES MARKET BREAKDOWN, BY APPLICATION, 2018 & 2027
8.3RESIDENTIAL MARKET
8.3.1Overview
8.3.2North America HVAC valves Market, By Residential Market Forecasts and Analysis
8.4INDUSTRIAL MARKET
8.4.1Overview
8.4.2North America HVAC valves Market, By Industrial Market Forecasts and Analysis
8.5COMMERCIAL MARKET
8.5.1Overview
8.5.2North America HVAC valves Market, By Commercial Market Forecasts and Analysis
PART 9.NORTH AMERICA HVAC VALVES MARKET - GEOGRAPHICAL ANALYSIS
9.1OVERVIEW
9.1.1North America HVAC Valves Market Breakdown by Key Countries
9.1.1.1U.S. HVAC Valves Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.1.1U.S HVAC Valves Market Breakdown by Product
9.1.1.1.2U.S HVAC Valves Market Breakdown by Application
9.1.1.2Canada HVAC Valves Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1Canada HVAC Valves Market Breakdown by Product
9.1.1.2.2Canada HVAC Valves Market Breakdown by Application
9.1.1.3Mexico HVAC Valves Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.3.1Mexico HVAC Valves Market Breakdown by Product
9.1.1.3.2Mexico HVAC Valves Market Breakdown by Application
PART 10.INDUSTRY LANDSCAPE
10.1MARKET INITIATIVE
10.2MERGER AND ACQUISITION
10.3NEW DEVELOPMENT
PART 11.COMPANY PROFILES
11.1AVK HOLDING A/S
11.1.1Key Facts
11.1.2Business Description
11.1.3Products and Services
11.1.4Financial Overview
11.1.5SWOT Analysis
11.1.6Key Developments
11.2BELIMO HOLDING AG
11.2.1Key Facts
11.2.2Business Description
11.2.3Products and Services
11.2.4Financial Overview
11.2.5SWOT Analysis
11.2.6Key Developments
11.3DANFOSS A/S
11.3.1Key Facts
11.3.2Business Description
11.3.3Products and Services
11.3.4Financial Overview
11.3.5SWOT Analysis
11.3.6Key Developments
11.4FLOWSERVE CORPORATION
11.4.1Key Facts
11.4.2Business Description
11.4.3Products and Services
11.4.4Financial Overview
11.4.5SWOT Analysis
11.4.6Key Developments
11.5HONEYWELL INTERNATIONAL, INC.
11.5.1Key Facts
11.5.2Business Description
11.5.3Products and Services
11.5.4Financial Overview
11.5.5SWOT Analysis
11.5.6Key Developments
11.6JOHNSON CONTROLS INTERNATIONAL PLC
11.6.1Key Facts
11.6.2Business Description
11.6.3Products and Services
11.6.4Financial Overview
11.6.5SWOT Analysis
11.6.6Key Developments
11.7MUELLER INDUSTRIES, INC.
11.7.1Key Facts
11.7.2Business Description
11.7.3Products and Services
11.7.4Financial Overview
11.7.5SWOT Analysis
11.7.6Key Developments
11.8SAMSON CONTROLS INC.
11.8.1Key Facts
11.8.2Business Description
11.8.3Products and Services
11.8.4Financial Overview
11.8.5SWOT Analysis
11.8.6Key Developments
11.9SCHNEIDER ELECTRIC SE
11.9.1Key Facts
11.9.2Business Description
11.9.3Products and Services
11.9.4Financial Overview
11.9.5SWOT Analysis
11.9.6Key Developments
11.10SIEMENS AG
11.10.1Key Facts
11.10.2Business Description
11.10.3Products and Services
11.10.4Financial Overview
11.10.5SWOT Analysis
11.10.6Key Developments
PART 12.APPENDIX
12.1ABOUT THE INSIGHT PARTNERS
12.2GLOSSARY OF TERMS
LIST OF TABLES
TABLE 1.NORTH AMERICA HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
TABLE 2.NORTH AMERICA HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 3.NORTH AMERICA HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 4.NORTH AMERICA HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY COUNTRY (US$ MN)
TABLE 5.U.S HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 6.U.S HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 7.CANADA HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 8.CANADA HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 9.MEXICO HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 10.MEXICO HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 11.GLOSSARY OF TERM: HVAC VALVES MARKET
LIST OF FIGURES
FIGURE 1.NORTH AMERICA HVAC VALVES MARKET SEGMENTATION
FIGURE 2.NORTH AMERICA HVAC VALVES MARKET SEGMENTATION - COUNTRY
FIGURE 3.NORTH AMERICA HVAC VALVES MARKET BY APPLICATION-SEGMENT, 2018 & 2027
FIGURE 4.HVAC VALVES MARKET ECOSYSTEM ANALYSIS
FIGURE 5.NORTH AMERICA - PEST ANALYSIS
FIGURE 6.HVAC VALVES MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS
FIGURE 7.NORTH AMERICA HVAC VALVES MARKET FORECAST AND ANALYSIS (US$ MN)
FIGURE 8.NORTH AMERICA HVAC VALVES MARKET BREAKDOWN, BY PRODUCT, 2018 & 2027 (%)
FIGURE 9.NORTH AMERICA HVAC VALVES MARKET, BY BALL VALVE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 10.NORTH AMERICA HVAC VALVES MARKET, BY GLOBE VALVE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 11.NORTH AMERICA HVAC VALVES MARKET, BY BUTTERFLY VALVE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 12.NORTH AMERICA HVAC VALVES MARKET, BY PRESSURE INDEPENDENT VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 13.NORTH AMERICA HVAC VALVES MARKET, BY OTHERS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 14.NORTH AMERICA HVAC VALVES MARKET, BY HVAC VALVES MARKET BREAKDOWN, BY APPLICATION, 2018 & 2027 (%)
FIGURE 15.NORTH AMERICA HVAC VALVES MARKET, BY RESIDENTIAL MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 16.NORTH AMERICA HVAC VALVES MARKET, BY INDUSTRIAL MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 17.NORTH AMERICA HVAC VALVES MARKET, BY COMMERCIAL MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 18.NORTH AMERICA HVAC VALVES MARKET BREAKDOWN BY KEY COUNTRIES, 2018 & 2027(%)
FIGURE 19.U.S. HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 20.U.S HVAC VALVES MARKET BREAKDOWN BY PRODUCT, 2018 & 2027 (%)
FIGURE 21.U.S HVAC VALVES MARKET BREAKDOWN BY APPLICATION, 2018 & 2027 (%)
FIGURE 22.CANADA HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 23.CANADA HVAC VALVES MARKET BREAKDOWN BY PRODUCT, 2018 & 2027 (%)
FIGURE 24.CANADA HVAC VALVES MARKET BREAKDOWN BY APPLICATION, 2018 & 2027 (%)
FIGURE 25.MEXICO HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 26.MEXICO HVAC VALVES MARKET BREAKDOWN BY PRODUCT, 2018 & 2027 (%)
FIGURE 27.MEXICO HVAC VALVES MARKET BREAKDOWN BY APPLICATION, 2018 & 2027 (%)
The List of Companies - North America HVAC Valves Market
1. AVK Group A/S
2. Belimo Holding AG
3. Danfoss A/S
4. Flowserve Corporation
5. Honeywell International Inc.
6. Johnson Controls International Plc.
7. Mueller Industries, Inc.
8. Samson Controls, Inc.
9. Schneider Electric SE
10. Siemens AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to North America HVAC Valves Market
Apr 2019
Pluggable Optics for Data Center Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Switches, Routers, and Servers), Data Rate (100–400 Gb/s, 400–800 Gb/s, and 800 Gb/s and above), and Geography
Apr 2019
Collaborative Robots Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Payload (Up to 5 Kgs, 5-10 Kgs, and Above 10 Kgs), Application (Assembly, Material Handling, Pick & Place, Quality Testing, Packaging, Machine Tending, Welding, and Others), Type (Robotic Arm, Grippers, Welding Guns, and Others), End-User Industry (Automotive, Metal & Machinery, Electronics, Pharmaceuticals, Food & beverages, Logistics, and Others), and Geography
Apr 2019
Analog to Digital Converter Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others), and Geography
Apr 2019
Adaptive Traffic Control System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Hardware, Software, and Services), Component (OPAC, SCOOT, RHODES, and SCATS), and Application [Highways and Urban (Cities)] and Geography
Apr 2019
3D Audio Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services) and End Use Industries (Consumer Electronics, Automotive, Media and Entertainment, Gaming, and Others)
Apr 2019
Data Center Cooling Fans Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Axial Fans, Centrifugal Fans, Mixed Flow Fans, and Others), Data Center Type (Hyperscale Data Center, Colocation Data Center, Wholesale Data Center, Enterprise Data Center, and Edge Data Center), and Geography
Apr 2019
Chillers Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Chiller Technology (Air-Cooled, Water-Cooled, and Steam-Fired), Technology (Process Chillers, Scroll Chillers, Screw Chillers, Centrifugal Chillers, Absorption Chillers, Modular Chillers, and Reverse Cycle Chillers), and Application (Commercial, Industrial, and Residential) and Geography
Apr 2019
Valve Actuator Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By End-user (Mining, LNG, Chemical, Oil and Gas, Water and Wastewater, Others), Product Type (Electrical, Manual, Hydraulic, Pneumatic), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)