Hydronic Balancing Valves Market Size and Growth 2031

Hydronic Balancing Valves Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Static Balancing Valves, Fixed-Orifice Balancing Valves, Automatic Balancing Valves, and Pressure-Independent Flow Control Valves), Connection Type (Flanged, Threaded, and Others), Size (Less than 5", 6"-10", 11"-20", and Above 20"), Application (Residential, Commercial, and Industrial), and Geography

  • Report Code : TIPRE00039111
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 150
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The hydronic balancing valves market size is projected to reach US$ 2,072.27 million by 2031 from US$ 1,268.54 million in 2023. The market is expected to register a CAGR of 6.3% during 2023–2031. Increasing utilization of sustainable materials and components in infrastructure construction is likely to remain a key trend in the market.

Hydronic Balancing Valves Market Analysis

The population is rapidly increasing in developed economies such as the US, which contributes to the growth in the number of commercial spaces. According to the updated list of urban areas provided by the United States Census Bureau in December 2022, the urban population in the US increased by ~6.4% between 2010 and 2020. Urban areas have become denser because of urbanization, with an average population density rise from ~2,343 in 2010 to ~2,553 in 2020. As per the 2020 Census data, the western region of the US is the most urban, with ~88.9% of its population inhabiting an urban area, followed by the northeast region with ~84.0%. The Midwest and South regions exhibit a lower percentage of the population residing in urban sections, with rates of ~75.8% and ~74.3%, respectively. Further, the urban standard of living requires proper, well-maintained residential and commercial building infrastructure, which drives the demand for HVAC systems. Thus, the rising urbanization across the globe propels the application of hydronic balancing valves, which fuels the market growth.

Hydronic Balancing Valves Market Overview

Balancing valves are throttling devices used to regulate the flow of fluid through hydronic systems. In hydronic heating, ventilation, and air conditioning (HVAC) systems, balancing valves facilitate the distribution of heated or cooled water to all terminals, considering the current system conditions. Hydronic balancing valves ensure optimal performance, high operating efficiency, and lower operating costs for hydronic heating and cooling systems. The fluid flow in an HVAC system constantly changes to adapt to varying conditions in the system. Factors that influence heating and cooling needs include building occupancy and solar heat. Properly designed and constructed HVAC systems are required to deliver the right power when and where it is needed.

A rise in demand for hydronic balancing valves from hydronic system applications such as radiators, HVAC systems, heat exchangers, power generation systems, server cooling systems, and radiant heating systems drives the hydronic balancing valves market. In addition, increasing energy efficiency regulations across the globe to minimize carbon emissions fuels the demand for hydronic balancing valves. Moreover, the upsurge in construction activities in residential and commercial sectors has resulted in rising demand for HVAC systems, which, in turn, is projected to propel the hydronic balancing valves market growth from 2023 to 2031.

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Hydronic Balancing Valves Market: Strategic Insights

Hydronic Balancing Valves Market

  • CAGR (2023 - 2031)
    6.3%
  • Market Size 2023
    US$ 1,268.54 Million
  • Market Size 2031
    US$ 2,072.27 Million

Market Dynamics

GROWTH DRIVERS
  • Increasing Demand for Energy-Efficient Solutions
FUTURE TRENDS
  • Increasing utilization of sustainable materials and components
OPPORTUNITIES
  • Integration of Smart Technology into Hydronic Balancing Valves

Key Players

  • Danfoss AG
  • Hays Fluid Controls
  • Victaulic Company
  • Red-White Valve Corp.
  • Oventrop Corporation
  • Caleffi SpA Siemens
  • Frese Group
  • Johnson Controls, Inc.
  • American Wheatly
  • Xylem

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Static Balancing Valves
  • Fixed-Orifice Balancing Valves
  • Automatic Balancing Valves
  • Pressure-Independent Flow Control Valves
Connection Type
  • Flanged
  • Threaded
  • Others
Size
  • Less than 5
Application
  • Residential
  • Commercial
  • Industrial
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Hydronic Balancing Valves Market Drivers and Opportunities

Increasing Demand for Energy-Efficient Solutions

Consumer preference for energy-efficient appliances has been growing in recent times. Energy efficiency can provide long-term benefits by reducing overall electricity demand by lowering the need to invest in new infrastructure for electricity generation and transmission. It also contributes to the diversification of utility resource portfolios and can act as a buffer against the risk of volatile energy procurement expenditure. To attain energy efficiency, many manufacturing industries and commercial manufacturing companies are procuring high-efficiency HVAC systems. An efficient HVAC system utilizes less energy and operates more effectively than conventional systems, lowering the carbon footprint. In hydronic systems, the balancing valves facilitate the distribution of chilled or heated water to all terminals. The growing application of HVAC (Heating, Ventilation, and Air Conditioning) systems in air conditioning and heat pumps for achieving energy and the growing implementation of energy efficiency standards for public buildings are boosting the demand for HVAC systems in various industrial and commercial sectors.

Integration of Smart Technology into Hydronic Balancing Valves

The penetration of IoT-enabled devices across residential, commercial, and industrial sectors is increasing worldwide. As a result, hydronic balancing valve manufacturers are providing their customers with unique solutions and developing smart hydronic balancing valves that can be integrated into smart HVAC systems. Smart hydronic balancing valves utilize the features of the Internet, such as real-time monitoring, data analysis capabilities, and automated balancing. By connecting these valves to Building Management Systems (BMS), remote monitoring can be achieved, which significantly enhances energy efficiency and system performance. Smart HVAC systems leverage wireless technology to communicate with nearby smart devices and adjust the indoor environment automatically. In commercial settings, smart HVAC systems can aid in energy saving while providing a quieter environment.

Hydronic Balancing Valves Market Report Segmentation Analysis

Key segments that contributed to the derivation of the hydronic balancing valves market analysis are type, connection type, size,  and application.

  • Based on type, the hydronic balancing valves market is segmented into static balancing valves, fixed orifice balancing valves, automatic balancing valves, and pressure-independent flow control valves. The static balancing valves segment held the larger market share in 2023.
  • By size, the market is segmented into less than 5”, 6”–10”, 11”–20”, and above 20”. The less than 5” segment dominated the market in 2023.
  • Based on connection type, the market is segmented into Flanged, Threaded, and Others. Flanged segment dominated the market in 2023
  • By application, the market is segmented into residential, commercial, and industrial. Residential segment held the larger market share in 2023.

Hydronic Balancing Valves Market Share Analysis by Geography

The geographic scope of the hydronic balancing valves market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific dominated the hydronic balancing valves market in 2023. The Asia Pacific hydronic balancing valves market is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market growth in Asia Pacific is largely attributed to increasing urbanization, along with rising population growth, which is driving the need for smart infrastructure. Additionally, government regulations focused on encouraging the application of energy-efficient heating and cooling solutions are boosting the demand for hydronic balancing valves in Asia Pacific. The region is witnessing growth in several real estate projects and public-private investments in numerous industrial, residential, and commercial development areas due to the rapid rise in urbanization. The need for HVAC services in the residential sector is primarily driven by new installations across the region. Due to increased building and development projects, the installation of air conditioners is rising across Southeast Asia nations, including Vietnam, Malaysia, Thailand, Indonesia, the Philippines, and China, which is anticipated to propel the hydronic balancing valves market in Asia Pacific during the forecast period.

Hydronic Balancing Valves Market Report Scope

Report Attribute Details
Market size in 2023 US$ 1,268.54 Million
Market Size by 2031 US$ 2,072.27 Million
Global CAGR (2023 - 2031) 6.3%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Static Balancing Valves
  • Fixed-Orifice Balancing Valves
  • Automatic Balancing Valves
  • Pressure-Independent Flow Control Valves
By Connection Type
  • Flanged
  • Threaded
  • Others
By Size
  • Less than 5
By Application
  • Residential
  • Commercial
  • Industrial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Danfoss AG
  • Hays Fluid Controls
  • Victaulic Company
  • Red-White Valve Corp.
  • Oventrop Corporation
  • Caleffi SpA Siemens
  • Frese Group
  • Johnson Controls, Inc.
  • American Wheatly
  • Xylem
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Hydronic Balancing Valves Market News and Recent Developments

    The hydronic balancing valves market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market for hydronic balancing valves are listed below:

    • The CALEFFI Group announced the completion acquisition of the Fratelli Creola S.r.l. This company has been operating in the local galvanic industry for more than 60 years, specializing in chrome and nickel plating. The two companies hold a long-standing partnership based on mutual esteem, which started with the founders Francesco Caleffi and Lorenzo and Quinto Creola and continues with Marco Caleffi and Marco Creola. (Source: CALEFFI Group, Press Release July, 2023)
    •  Mantro; Oventrop GmbH & Co. KG, the Sauerland-based family business; and the Düsseldorf-based LEG Immobilien SE have founded the joint venture seero, which develops green solutions featuring heating and sustainability for residential properties. seero.Pro is the first digital solution which was announced by the cross-industry trio at the ISH in March. Seero.Pro automatically carries out the hydronic balancing of the heating system for each radiator. Additional heating costs are saved on the basis of intelligent, smart heating through demand-led temperature control. (Source: Oventrop GmbH & Co. KG, Press Release, April 2023)

    Hydronic Balancing Valves Market Report Coverage and Deliverables

    The “Hydronic Balancing Valves Market” Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Hydronic balancing valves market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Hydronic balancing valves market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Hydronic balancing valves market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the hydronic balancing valves market
    • Detailed company profiles
    Report Coverage
    Report Coverage

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

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

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

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What are market opportunities for the hydronic balancing valves market?

    The penetration of IoT-enabled devices across residential, commercial, and industrial sectors is increasing worldwide. As a result, hydronic balancing valve manufacturers are providing their customers with unique solutions and developing smart hydronic balancing valves that can be integrated into smart HVAC systems.

    Which region to dominate the hydronic balancing valves market in the forecast period?

    Regions such as Asia-Pacific, Europe and North America will boost the growth of the hydronic balancing valves market during the forecast period. This growth is owing to the rise in urbanization and industrialization in the regions.

    What are reasons behind the hydronic balancing valves market growth?

    Consumer preference for energy-efficient appliances has been growing in recent times. Energy efficiency can provide long-term benefits by reducing overall electricity demand by lowering the need to invest in new infrastructure for electricity generation and transmission. It also contributes to the diversification of utility resource portfolios and can act as a buffer against the risk of volatile energy procurement expenditure. To attain energy efficiency, many manufacturing industries and commercial manufacturing companies are procuring high-efficiency HVAC systems. An efficient HVAC system utilizes less energy and operates more effectively than conventional systems, lowering the carbon footprint. In hydronic systems, the balancing valves facilitate the distribution of chilled or heated water to all terminals.

    What is the future trend for the hydronic balancing valves market?

    Utilization of Sustainable Materials and Components in Public Infrastructure the hydronic balancing valves market growth in the coming years.

    Who are the major vendors in the hydronic balancing valves market?

    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 the key market players operating in the global hydronic balancing valves market.

    The List of Companies - Hydronic Balancing Valves Market

    1. Danfoss AG
    2. Hays Fluid Controls
    3. Victaulic Company
    4. Red-White Valve Corp.
    5. Oventrop Corporation
    6. Caleffi SpA Siemens
    7. Frese Group
    8. Johnson Controls, Inc.
    9. American Wheatly
    10. Xylem

    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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