According to the new research report published by The Insight Partners, titled “HVAC Valves Market 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 global 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. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
As the constructions across the globe are increasing at a rapid pace, the pressures put on the energy resources is extremely high. HVAC valves that are critical components of any HVAC system paly their part in reducing the consumption of energy in the buildings. The market for HVAC valves consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers.
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Asia Pacific is the leading region in terms of sales of HVAC valves owing to the higher number of residential, commercial and industrial constructions taking place in this region. Highest population in the region, increasing constructions of high-rise buildings, a prospering manufacturing industry are some of the major factors driving the constructions of residential, commercial and industrial buildings in the APAC region. Furthermore, the measures taken by Governments in countries of Vietnam, Malaysia, Thailand, Indonesia, Indian and China in order to attract private investments in the construction and infrastructure development is also helping the growth of this market. The market for HVAC valves is a highly fragmented market where there are numerous small and large players operating in the market.
There has been constant development in HVAC Valves industry. AVK Introduced POM service connection valves with Pentomech
couplings. The unique Pentomech
coupling is designed with an external compression nut offering easy and secure connection. Also, Schneider launched a range of pressure independent balancing and control valves for providing improved valve temperature control and functionality in buildings of North America. These valves will stabilize the building environment by monitoring the flow and pressure of HVAC systems as per the seasonal weather and develops occupant comfort.
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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.
HVAC Valves Market: Competitive Landscape and Key Developments
Honeywell, International, Inc., Johnson Controls, Schneider Electric, Siemens AG, Belimo, Flowserve, AVK Group A/S, Samson Controls, Inc., Mueller Industries, and Danfoss are among the key players in the global HVAC Valves market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
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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.
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