Industry Background:
HVAC Control Valves are specially designed for fast and easy installation for many applications. The global HVAC valves market is highly competitive. Players operating in this market focus more on R&D activities to develop the new portfolio. The applications are developed by companies to strengthen their presence. The player is exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies.This growth is primarily driven by Increase Demand of IIoT in North America Region
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electrical Components & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Flowserve (United States), Honeywell (United States), Johnson Controls (United States), Pentair (United States), Schneider (France), Siemens AG (Germany), SAMSON Controls Inc. (United States), BELIMO Holding AG (Switzerland), Nexus Valve (United States) and Danfoss (Denmark), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2022,NIBCO INC. has acquired the valve assets of Webstone Company, Inc. The transaction was finalized on May 23. The new business unit will be named ‘Webstone, a brand of NIBCO.’
In August 2023,Resideo is extending its HVAC valve range by introducing a new Kombi V5007 Pressure Independent Control Valve (PICV): a valve for dynamic balancing with flow control. and As an automatic, pressure-independent control valve, the Kombi PICV combines the advantages of an automatic pressure-independent flow controller with those of a constant valve,The global HVAC Valves market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Influencing Trend:
High Growth in the Integration of IoT and Artificial Intelligence Technology with HVAC System
Market Growth Drivers:
Increase Demand of IIoT in North America Region, High Adoption of Automation Technology and Fast Transformation of Industrial Requirement
Challenges:
Scarcity of Awareness Regarding Benefits of HVAC System in Most of Developing Countries
Restraints:
High Maintenance and Installation Cost
Opportunities:
High Exposure of Connected Valves and Growing Adoption of Building Energy Management System
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of HVAC Valves Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of HVAC Valves Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of HVAC Valves players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, HVAC Valves Study Sheds Light on
The HVAC Valves Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the HVAC Valves industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where HVAC Valves industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.