North America HVAC Valves Market Drivers and Forecasts by 2027

Historic Data: 2015-2016   |   Base Year: 2017   |   Forecast Period: 2018-2027

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

  • Report Date : Apr 2019
  • Report Code : TIPRE00003902
  • Category : Electronics and Semiconductor
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 139

HVAC Valves market in North America is expected to grow from US$ 761.9 Mn in 2017 to US$ 1209.7 Mn by the year 2027. This represents a CAGR of 4.9% from the year 2018 to 2027.

Growing Acceptance of Building Energy Management System (BEMS) is fueling the North America HVAC Valves market. With urbanization and industrialization at a very rapid pace, an exponential rise in the residential, commercial and industrial building construction activities has been witnessed. Post the recovery from the recession in the year 2014, the construction market gathered pace. Lowering interest rates on housing loans, lower interest rates for businesses, subsidies by Governments for industrial setups have further helped the proliferation of construction market. Also, in most of the commercial buildings, footfalls create a difference for generating revenues, and therefore, the lighting, heating and air conditioning systems in the commercial buildings is highly emphasized upon, thereby driving the HVAC Valves market in North America.

The rising integration of connected valves for industrial, commercial and residential sectors is anticipated to fuel the North America HVAC Valves market growth. Valves integrated with embedded processor and networking capability to achieve sophisticated monitoring technology which can be coordinated with central control station is thus anticipated to gain traction in the coming times. In order to attain this in industries, industrial valves are connected to data network, coordinating control valve operation with the data available. Connecting valves to a network allows distributed control, which can enable operators to reconfigure piping and networking systems so that a field can continue producing even if there is a blockage in, or damage to, the pipeline network. These initiative by the market player are enhancing the growth of North America HVAC Valves market.

US is anticipated to leads the HVAC Valves market across the North America region through the forecast period. The automotive industry is one the largest manufacturing sector in the U.S. According to OICA data, total car production in year 2016 was 4.2 Mn in the U.S. Further, the country has a strong aerospace & defense manufacturing sector. Recently, the federal government pledged to bring back the manufacturing companies to the U.S., which shifted overseas for attaining cost-competitiveness. The government announced its plans to offer tax-cuts to manufacturers based in the U.S. as well as to impose higher tariffs on overseas manufacturers. This will further propel the growth of manufacturing industry in the country thereby, accelerating the growth of HVAC valves market in the U.S. This bolster the North America HVAC Valves market on the forecast period. The figure given below highlights the revenue share of Mexico in the North America HVAC Valves market in the forecast period:

Mexico HVAC Valves Market Revenue and Forecasts to 2027 (US$ Bn)

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  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

NORTH AMERICA HAVC VALVES – MARKET SEGMENTATION


By Product

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

By Application

  • Residential
  • Industrial
  • Commercial


By Country

  • US
  • Canada
  • Mexico

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

North America HVAC Valves Report Scope

Report Attribute Details
Market size in 2017 US$ 761.9 Million
Market Size by 2027 US$ 1209.7 Million
Global CAGR (2018 - 2027) 4.9%
Historical Data 2015-2016
Forecast period 2018-2027
Segments Covered By Product
  • Ball Valve
  • Globe Valve
  • Butterfly Valve
  • Pressure Independent Valves
By Application
  • Residential
  • Industrial
  • Commercial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 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
  • Naveen Chittaragi
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

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    The List of Companies - North America HVAC Valves Market

    1. AVK Group A/S
    2. Belimo Holding AG
    3. Danfoss A/S
    4. Flowserve Corporation
    5. Honeywell International Inc.
    6. Johnson Controls International Plc.
    7. Mueller Industries, Inc.
    8. Samson Controls, Inc.
    9. Schneider Electric SE
    10. Siemens AG

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