HVAC Valves Market to Reach US$ 6992.5 million at CAGR of 5.2% in 2027

HVAC Valves Market to 2027 - Global Analysis and Forecasts by Product (Ball Valve, Globe Valve, Butterfly Valve, and Pressure Independent Valves); and Application (Residential, Industrial, and Commercial)

  • Report Code : TIPRE00003266
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 180
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The global HVAC valves 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.


Asia-Pacific was the leading geographic HVAC market and it is anticipated to be the highest revenue contributor throughout the forecast period. The improving infrastructure, rising domestic consumption and lower costs are some of the factors attracting manufacturing companies in countries like china, India, Japan and South Korea, which is further expected to fuel HVAC Valves market in this region.

 Lucrative Regional Markets

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Market Insights

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.

Product Insights

The global HVAC Valve market by product was led by pressure independent valve segment. Rest products considered in the HVAC Valve market include ball valve, globe valve, and butterfly valve among others.

Application Insights

The HVAC market by application is segmented into residential, industrial, and commercial. The HVAC valves regulate, block and allow the flow of any media such as liquid, gases and water through the pipeline. The rise in the service and IT industry has led to the drastic growth in the number of commercial building constructions in the last few years. Apart from this, stringent Government regulations imposed on maintaining energy-efficiencies in these buildings have led to increasing adoptions of products that optimize energy consumptions.

 MEA HVAC Valves Market by Application

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HVAC Valves Market: Strategic Insights

hvac-valves-market
Market Size Value inUS$ 4442.8 Million in 2018
Market Size Value byUS$ 6992.5 Million by 2027
Growth rateCAGR of 5.2% from 2019-2027
Forecast Period2019-2027
Base Year2019
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New market initiatives was observed as the most adopted strategy in global HVAC industry. Few of the recent market initiatives are listed below:

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.

GLOBAL CORPORATE SECRETARIAL SERVICES – MARKET SEGMENTATION

By Product

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

By Application

  • Residential
  • Industrial
  • Commercial

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
  • South America (SAM)
    • Brazil
    • Rest of SAM

Company Profiles

  • AVK HOLDING A/S
  • BELIMO HOLDING AG
  • DANFOSS A/S
  • FLOWSERVE CORPORATION
  • MSP Secretaries
  • JOHNSON CONTROLS INTERNATIONAL PLC
  • MUELLER INDUSTRIES, INC.
  • SAMSON CONTROLS INC.
  • SCHNEIDER ELECTRIC SE
  • SIEMENS AG
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product ; and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. AVK HOLDING A/S
  2. BELIMO HOLDING AG
  3. DANFOSS A/S
  4. FLOWSERVE CORPORATION
  5. MSP Secretaries
  6. JOHNSON CONTROLS INTERNATIONAL PLC
  7. MUELLER INDUSTRIES, INC.
  8. SAMSON CONTROLS INC.
  9. SCHNEIDER ELECTRIC SE
  10. SIEMENS AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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