APAC HVAC Valves Market Growth and Analysis by 2027

HVAC Valves market in APAC is expected to grow from US$ 2190.6 Mn in 2018 to US$ 3573.2 Mn by the year 2027. This represents a CAGR of 5.6% from the year 2018 to 2027.

Growing Acceptance of Building Energy Management System (BEMS) is fueling the APAC HVAC Valves market. 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. These devices provide early warning of potential problems and dangerous system conditions at a global level, thereby driving the HVAC Valves market in APAC.

The mounting focus on new material development of HVAC valves is anticipated to fuel the APAC HVAC Valves market growth. In modern supercritical plants, steam pressures range from 3,200 to 3,500 psi with temperatures maintaining about 566°C to 582°C, and in many special application areas the temperature is pushed even higher to nearly 649°C. Now that the temperatures in these plants have generally exceeded the practical limits, engineers are specifying new material in steam systems. Valves with new materials are continuously into emergence, some of the innovative material coming into market are new ferrite steel, meta-stable austenitic, HR6W. These advance material offers stability of long term creep rupture strength, superior creep rupture ductility, and better corrosion resistance property. These initiative by the market player are enhancing the growth of APAC HVAC Valves market.

China is anticipated to leads the HVAC Valves market across the APAC region through the forecast period. China is the largest manufacturer in the world, with presence of several diverse industries. Also, China is the global leader in production of passenger cars and commercial vehicles, as well as electronic product assembly. The presence of robust manufacturing base is a key factor for the growth of the market. Further, with the rapidly growing population of China, the country is planning to move around 250 Mn of its population into its rapidly developing megacities. Thus, to accommodate that huge migration, China is investing heavily in its infrastructure projects. The Chinese government is highly focused on the development of its infrastructure and has taken several measures to support the development. This bolster the APAC HVAC Valves market on the forecast period. The figure given below highlights the revenue share of Rest of APAC in the APAC HVAC Valves market in the forecast period:

 Rest of APAC HVAC Valves Market Revenue and Forecasts to 2027 (US$ Bn)

APAC HVAC Valves – MARKET SEGMENTATION

By Product

• Ball Valve
• Globe Valve
• Butterfly Valve
• Pressure Independent Valve

By Application

• Residential
• Industrial
• Commercial

By Country

• Australia
• China
• India
• Japan
• Rest of APAC

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

APAC HVAC Valves Report Scope