“HVAC Valves Market Growth Potentially Worth USD 6992.5 Million by 2027”

The global HVAC Valves Market is experiencing steady growth in the forecast period on account of the adoptions of Building Energy Management Systems (BeMS) by the building owners for achieving optimal energy consumptions. By adopting BMS, the building owners also ensure that they reduce the energy consumed in the building. As buildings are the largest consumers of energy worldwide, the need for optimizing energy levels in these buildings has become essential. Rising energy costs, coupled with the stringent government mandates on maintaining a certain specific level for optimized energy usage have called for solutions that would enable energy efficiencies. An HVAC system is an integral part of building these days and also account for the maximum energy consumed in the building.

HVAC Valves Market to 2027 – Global Analysis and Forecast by Component, Implementation, tier type, and Industry Vertical, HVAC Valves market is expected to grow 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. HVAC valves are the components integrated into an HVAC system used in regulating, starting and stopping the flow of liquids, gas and or air through the pipelines of the complete HVAC system.

The top companies operating in the field of HVAC valves include Honeywell, International, Inc., Johnson Controls, Schneider Electric, Siemens AG, Belimo, Flowserve, AVK Group A/S, Samson Controls, Inc., Mueller Industries, and Danfoss. Various other companies are also operating in the market and are coming up with new technologies and offerings which is helping the market for HVAC valves to expand over the years regarding volume as well as revenue.

The Insight Partners: Dedicated market initiatives with respect to partnerships and R&D development is expected to drive the HVAC Valves Market by 2027 with a CAGR of 5.2%. The “HVAC Valves to 2027 by Product (Ball Valve, Globe Valve, Butterfly Valve, and Pressure Independent Valves); and Application (Residential, Industrial, and Commercial); – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of HVAC Valves market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant HVAC Valves players in the market and their key developments.

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This report studies the HVAC Valves Market status and outlook of Global and major regions from insights of players, countries, product types and end industries. The report provides detailed analyses of the driving forces and opportunities, major market segments, top investment industry trends, key player positioning, and competitive landscape. This report analyzes the top players in global market and splits the market by product type and applications/end user industries.

The HVAC valves play a critical role in the HVAC systems and encompass a broad variety of applications. Water chiller that is considered to be the mainstay of any HVAC system comprises a valve on the inlet and outlet lines of chilled water and cooling water. Either gate valves or globe valves are used in the water chiller section for isolation and throttling purposes. The other applications of valves in an HVAC system include HVAC hot water generator, chilled water pumps & cooling water pumps, cooling towers, Air Handling Units (AHU’s), and Fan Coil Units (FCU’s). A broad range of valves is used in these parts of the HVAC systems such as globe valves, gate valves, butterfly valves, ball valves, pressure independent valves, solenoid valves, diaphragm valves and others.

HVAC valves play a critical role in maintaining the energy efficiency in the buildings. Rising population and the subsequent rise in the building constructions has put pressures on the nonrenewable sources of energy demanding for energy efficient solutions and integrations. Accordingly, regulatory bodies across the globe have laid down enhanced focus on the efficient consumptions of power at the building end especially in the commercial and residential sectors. Also, HVAC systems are responsible for consuming close to 35% of the total energy consumed inside any building. In any building, there are many variables as per which the valves need to adjust and operate accurately in the changing conditions. The valve needs to valve regulate the level of energy output from a heating or cooling coil, which in turn has an enormous impact on comfort and energy costs throughout a space or building.

Johnson Controls, Schneider Electric, Siemens- NOTABLE MARKET PARTICIPANTS IN HVAC VALVES INDUSTRY

The HVAC valves market is highly competitive in nature with considerable number of players, having a high level of dominance over the overall revenue share. Most of the companies operating in the HVAC Valve market are present globally and have wide distribution and sales network through partnerships or authorized dealers.

The most notable HVAC valves market participants are Honeywell, International, Inc., Johnson Controls, Schneider Electric, Siemens AG, Belimo, Flowserve, AVK Group A/S, Samson Controls, Inc., Mueller Industries, and Danfoss for a considerable share of the market owing to their product offerings to the HVAC valves market.

The HVAC valves market terms of new products development has remained significant, however in past couple of years there have been very few new developments in terms of valve designs or updation with advanced technology. For instance, in 2017, AVK introduced its new gate valve, which was based on the prominent AVK series of the company, the series 46 design with long steel spigot ends especially for gas applications. Furthermore, the valves are also standard with external PUR coating and are available in DN80-600. They are produced with full traceability of every pressure bearing component like all AVK gate valves for gas, and are available with 3.1 certificates.

Many well-known as well as small local companies are present in the HVAC valves market t to provide diversified product to its customers. The larger firms are adopting the strategy of acquiring small firms to enhance its product portfolio and expand its footprint in different geographies. Few on the important Merger and acquisitions from the industry are mentioned below:

The players present in HVAC valves market mainly concentrate towards the partnership, contractual alliance, new research & development center, and inaugurating new offices across the world permit the company maintain its brand name globally. Most of the market initiative were observed in North America and Europe regions, which have high potential of HVAC related products and solutions.

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The global HVAC valves market by geography is segmented into six region including North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific is expected to account for the largest share of the global HVAC Valves market in 2018, followed by Europe. Germany and UK being two key countries in Europe region which will lead HVAC Valves market in this region and is also expected to continue its dominance throughout the forecast period from 2019 to 2027.

A key trend which will predominantly affect the HVAC Valves market in a coming year is the emergence of connected valves for industrial, commercial and residential sectors. The IoT trend is steadily penetrating each and every aspect of the industry. With the emergence of IPv6 and IoT, any product in the world can be assigned with an IP address and thereby brought over the internet. 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 having a significant impact of the HVAC Valves market.

HVAC Valves market by application is segmented into residential, commercial, and industrial sectors. The HVAC valves regulate, block and allow the flow of any media such as liquid, gases, and water through the pipeline. HVAC systems are integrated into the building systems for occupant comfort and safety. These HVAC systems consist of many components and valves are one of the essential components of these systems.

The overall HVAC Valves market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the HVAC Valves market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the HVAC Valves industry.

The report segments the global HVAC Valves market as follows:

Global HVAC valves Market – By Product

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

Global HVAC valves Market – By Application

o    Residential
o    Industrial
o    Commercial

Global HVAC valves Market – By Geography

o    North America
–    U.S.
–    Canada
–    Mexico

o    Europe
–    France
–    Germany
–    Italy
–    Spain
–    UK
–    Rest of Europe

o    Asia Pacific (APAC)
–    Australia
–    China
–    India
–    Japan

o    Middle East and Africa (MEA)
–    Saudi Arabia
–    UAE
–    South Africa

o    South America (SAM)
–    Brazil
–    Rest of SAM

Key Benefits of Buying this Research Study:

1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global HVAC Valves market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the HVAC Valves market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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