Hydronic Balancing Valves Market is expected to reach US$ 2,072.27 Million by 2031

Increasing Demand for Energy-Efficient Solutions Fuels Hydronic Balancing Valves Market Growth

According to our latest market study on "Hydronic Balancing Valves Market Forecast to 2031 – Global Analysis – by Type, Connection Type, Size, and Application," the hydronic balancing valves market size is expected to grow from US$ 1,268.54 million in 2023 to US$ 2,072.27 million by 2031. It is expected to register a CAGR of 6.3% from 2023 to 2031.  

Growing initiatives of state and local governments are promoting energy efficiency programs and policies for public facilities, equipment usage, and government operations, which is boosting the application of HVAC systems. For instance, the renewable portfolio standard for New York was developed and implemented in 2004 and was expanded by Governor Cuomo's Clean Energy Standard (CES) in 2016. The CES has set a target of ~40% and approximately 80% reduction in greenhouse gas emissions by 2030 and 2050, respectively. In the US, North Carolina has implemented renewable energy standards (RES) and the Zero-Emissions Credit (ZEC) requirement to lower carbon emissions. The main energy consumers in municipal-level operations are often the water and wastewater treatment facilities. High-quality HVAC systems can be used at water and wastewater facilities to decrease energy costs and greenhouse gas emissions, which also increases the application of hydronic balancing valves. Thus, the growing demand for energy-efficient solutions drives the hydronic balancing valves market.

Hydronic Balancing Valves Market Share — by Region, 2023

Source: The Insight Partners Analysis

Fast-growing emerging nations in Asia and Africa continue to witness high investments in the construction of residential and commercial infrastructure, which fuels the demand for proper building infrastructure and HVAC systems. According to IBEF (Indian Brand and Equity Foundation) data, the real estate industry in India was valued at US$ 1.72 billion in 2019 and is expected to reach US$ 9.30 billion by 2040. The development of the real estate industry is fueled by factors such as an increase in the construction of residential, commercial, retail, and hotel units. As a result, the Government of India is likely to invest and focus on various business prospects for infrastructure development in India. According to the IBEF, the government also sanctioned 100% FDI (Foreign Direct Investment) to develop township and residential settlement infrastructure projects to meet the country's expanding infrastructure requirements. Thus, high demand for energy-efficient solutions and increased commercial and infrastructure construction are among the factors contributing to the growing hydronic balancing valves market size.

The increasing concern for environmental pollution and carbon emissions from different industries has encouraged governments of several nations to adopt more eco-friendly and sustainable alternatives with low to zero carbon emission rates. The industrial sector is a major carbon-centric sector with a substantial share in growing environmental pollution worldwide. The use of environment-friendly components such as hydronic balancing valves manufactured from recycled products can reduce the carbon footprint across the globe. Thus, increased sustainability is expected to bring new hydronic balancing valves market trends in the coming years.

The static valves segment accounted for 35.6% of the hydronic balancing valves market share in 2023, and it is anticipated to maintain its dominance during the forecast period. Static balancing valves, also called manual balance valves or pressure-dependent balance valves, offer fixed resistance to water flow. The settings for these valves are calculated prior to installation and then adjusted when the valves are installed on site. Internal valve parts in the static balancing valves remain static during system operation. A rise in demand for controlling the flow of water to hydronic systems such as heating, ventilation, and air conditioning (HVAC) systems and hydronic heating and cooling systems is projected to fuel the hydronic balancing valves market during the forecast period. In addition, an increase in awareness toward improving the energy efficiency of HVAC systems is expected to increase the adoption of static balancing valves from 2023 to 2031.

Geographically, the scope of the hydronic balancing valves market report is divided into North America (US, Canada, and Mexico), Europe (France, Italy, Germany, UK, Russia, and Rest of Europe), Asia Pacific (Australia, India, China, Japan, South Korea, and Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, South Africa, Egypt, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

In terms of revenue, Asia Pacific dominated the hydronic balancing valves market share in 2023, whereas North America accounted for the second-largest share of the market in 2023. In North America, the US, Canada, and Mexico are considered technologically advanced nations. There is a rise in the adoption of HVAC systems owing to various features provided in these systems, such as energy efficiency and sustainability. According to Air Conditioning Contractors of America ACCA, in terms of value, HVAC services in North America is expected to grow from US$ 25.6 billion in 2019 to US$ 35.8 billion by 2030. The growing application of HVAC systems across North America is anticipated to propel the growth of the hydronic balancing valves market during the forecast period. The growth is attributed to the rising adoption of advanced technologies and the increasing need for green construction solutions. Major application sectors such as residential, commercial, and industrial integrate their HVAC systems into building management automation systems that streamline the system’s operation and maintenance. High technological development is boosting the application of advanced HVAC systems, which results in an increased usage of hydronic balancing valves in North America.

The utilization of advanced HVAC systems in various industries focused on energy efficiency and air quality improvement. The demand for hydronic balancing valves is directly influenced by the growth in manufacturing facilities, pharmaceutical industry, IT, and ITES companies with rapid industrialization, along with the expansion of the service sector. Moreover, the wide presence of hydronic balancing valve manufacturers and suppliers such as Hays Fluid Controls, Victaulic Company, Red-White Valve Corp., Nibco Inc., Xylem Inc., and American Wheatley, which also contributes to the market growth.

The hydronic balancing valves market in Canada is projected to account for a significant share during the forecast period. The Government of Canada has set a target to reduce its carbon emissions by ~45% by the end of 2030, as compared to records in 2005, and attain carbon neutrality by 2050. The application of HVAC systems in residential and commercial applications is anticipated to offer solutions to improve energy efficiency and lower carbon footprint. With the growing focus on sustainable solutions, the government is emphasizing reducing carbon footprints from the commercial and industrial sectors. Thus, the application of HVAC systems is growing, along with hydronic balancing valves. In April 2021, the Government of Canada stated its investment of an additional US$ 150 million for better ventilation of schools, hospitals, and other public buildings. The investment by the government had the primary goal of lowering the risk of COVID-19 transmission. In addition, the government has announced an initiative to provide US$ 180 billion over 12 years as part of the investment plan in Canada to help rural and northern towns in the country develop green infrastructure. Thus, an increase in investment toward the construction of large residential and commercial buildings in Canada is projected to boost the application of HVAC systems, which is likely to fuel the hydronic balancing valves market growth in the country during the forecast period.

Danfoss AG; Hays Fluid Controls; Victaulic Company; Red-White Valve Corp.; Oventrop Corporation; Caleffi SpA Siemens; Frese Group; Johnson Controls, Inc.; American Wheatly; and Xylem are among the prominent players profiled in the hydronic balancing valves market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The hydronic balancing valves market analysis is carried out by identifying and evaluating key players in the market across different regions.  

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