Europe HVAC Valves Market Dynamics and Trends by 2027
Europe 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 : TIPRE00003901
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 142
HVAC Valves market in Europe is expected to grow from US$ 1240.62 Mn in 2018 to US$ 1845.3 Mn by the year 2027. This represents a CAGR of 4.6% from the year 2018 to 2027.
Stringent Regulations Enforced by Governments on energy-efficient buildings is fueling the Europe HVAC Valves market. Buildings are the largest consumers of energy worldwide and the building sector accounts for 40% of primary energy consumption. Additionally, the number of buildings are consistently going to increase owing to the increase in populations and urbanization in major cities of the world adding further pressure on the energy supplies around the world. In a scenario as this, where there is a dire need to achieve energy efficiency, the implementation of energy codes and minimum performance standards are required to be levied as mandates. The residential sub-sector remains the largest consumer of energy at a global level, thereby driving the HVAC Valves market in Europe.
The rising integration of connected valves for industrial, commercial and residential sectors is anticipated to fuel the Europe HVAC Valves market growth. The IoT trend is steadily penetrating each and every aspect of the industry. With the emergence of IPv6 and IoT, any product in the world can be assigned with an IP address and thereby brought over the internet. 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. These initiative by the market player are enhancing the growth of Europe HVAC Valves market.
Germany is anticipated to leads the HVAC Valves market across the Europe region through the forecast period. Germany is one of the leading producer of automobiles in the world and many major car manufacturing companies are located in the country including Volkswagen, BMW AG, Audi and others. This creates a demand for HVAC system installed in the vehicles. Also, the residential construction sector of the country is rising thus, bolstering the growth of HVAC valves market. This will further propel the growth of manufacturing industry in the country thereby, accelerating the growth of HVAC valves market in the Germany. This bolster the Europe HVAC Valves market on the forecast period. The figure given below highlights the revenue share of UK in the Europe HVAC Valves market in the forecast period:
UK HVAC Valves Market Revenue and Forecasts to 2027 (US$ Bn)
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EUROPE HVAC Valves – MARKET SEGMENTATION
By Product
- Ball Valve
- Globe Valve
- Butterfly Valve
- Pressure Independent Valve
By Application
By Application
- Residential
- Industrial
- Commercial
By Country
By Country
- France
- Germany
- UK
- Spain
- Italy
- Rest of Europe
Companies Mentioned
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
PART 1.INTRODUCTION
1.1THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.2MARKET SEGMENTATION
PART 2.EUROPE HVAC VALVES MARKET- KEY TAKEAWAYS
PART 3.RESEARCH METHODOLOGY
3.1.1Coverage
3.1.2Secondary Research
3.1.3Primary Research
PART 4.EUROPE HVAC VALVES MARKET LANDSCAPE
4.1MARKET OVERVIEW
4.2ECOSYSTEM ANALYSIS
4.3EUROPE PEST ANALYSIS
PART 5.EUROPE HVAC VALVES MARKET - KEY INDUSTRY DYNAMICS
5.1KEY MARKET DRIVERS
5.1.1Stringent Regulations Enforced by Governments on energy-efficient buildings
5.1.2Emergence of IIOT
5.2KEY MARKET RESTRAINTS
5.2.1Servicing and maintenance issues associated with valves in some of the HVAC systems
5.3KEY MARKET OPPORTUNITIES
5.3.1Adoption of Advance and New Material Development of HVAC valves
5.4FUTURE TRENDS
5.4.1Advent of Connected valves for commercial, industrial, and residential sectors
5.5IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
PART 6.EUROPE HVAC VALVES MARKET -MARKET ANALYSIS
6.1EUROPE HVAC VALVES MARKET OVERVIEW
6.2EUROPE HVAC VALVES MARKET FORECAST AND ANALYSIS
PART 7.EUROPE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - PRODUCT
7.1OVERVIEW
7.2EUROPE HVAC VALVES MARKET BREAKDOWN, BY PRODUCT, 2018 & 2027
7.3BALL VALVE MARKET
7.3.1Overview
7.3.2Europe HVAC Valves Market, By Ball Valve Market Forecasts and Analysis
7.4GLOBE VALVE MARKET
7.4.1Overview
7.4.2Europe HVAC Valves Market, By Globe Valve Market Forecasts and Analysis
7.5BUTTERFLY VALVE MARKET
7.5.1Overview
7.5.2Europe HVAC Valves Market, By Butterfly Valve Market Forecasts and Analysis
7.6PRESSURE INDEPENDENT VALVES MARKET
7.6.1Overview
7.6.2Europe HVAC Valves Market, By Pressure Independent Valves Market Forecasts and Analysis
7.7OTHERS MARKET
7.7.1Overview
7.7.2Europe HVAC Valves Market, By Others Products Market Forecasts and Analysis
PART 8.EUROPE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1OVERVIEW
8.2EUROPE HVAC VALVES MARKET BREAKDOWN, BY APPLICATION, 2018 & 2027
8.3RESIDENTIAL MARKET
8.3.1Overview
8.3.2Europe HVAC Valves Market, By Residential Market Forecasts and Analysis
8.4INDUSTRIAL MARKET
8.4.1Overview
8.4.2Europe HVAC Valves Market, By Industrial Market Forecasts and Analysis
8.5COMMERCIAL MARKET
8.5.1Overview
8.5.2Europe HVAC Valves Market, By Commercial Market Forecasts and Analysis
PART 9.EUROPE HVAC VALVES MARKET - COUNTRY ANALYSIS
9.1OVERVIEW
9.1.1Europe HVAC Valves Market Breakdown by Key Countries
9.1.1.1France HVAC Valves Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.1.1France HVAC Valves Market Breakdown by Product
9.1.1.1.2France HVAC Valves Market Breakdown by Application
9.1.1.2Germany HVAC Valves Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1Germany HVAC Valves Market Breakdown by Product
9.1.1.2.2Germany HVAC Valves Market Breakdown by Application
9.1.1.3Italy HVAC Valves Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.3.1Italy HVAC Valves Market Breakdown by Product
9.1.1.3.2Italy HVAC Valves Market Breakdown by Application
9.1.1.4Spain HVAC Valves Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.4.1Spain HVAC Valves Market Breakdown by Product
9.1.1.4.2Spain HVAC Valves Market Breakdown by Application
9.1.1.5UK HVAC Valves Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.5.1U.K HVAC Valves Market Breakdown by Product
9.1.1.5.2U.K HVAC Valves Market Breakdown by Application
9.1.1.6Rest of Europe HVAC Valves Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.6.1Rest of Europe HVAC Valves Market Breakdown by Product
9.1.1.6.2Rest of Europe HVAC Valves Market Breakdown by Application
PART 10.INDUSTRY LANDSCAPE
10.1MARKET INITIATIVE
10.2MERGER AND ACQUISITION
10.3NEW DEVELOPMENT
PART 11.EUROPE HVAC VALVES MARKET-COMPANY PROFILES
11.1AVK HOLDING A/S
11.1.1Key Facts
11.1.2Business Description
11.1.3Products and Services
11.1.4Financial Overview
11.1.5SWOT Analysis
11.1.6Key Developments
11.2BELIMO HOLDING AG
11.2.1Key Facts
11.2.2Business Description
11.2.3Products and Services
11.2.4Financial Overview
11.2.5SWOT Analysis
11.2.6Key Developments
11.3DANFOSS A/S
11.3.1Key Facts
11.3.2Business Description
11.3.3Products and Services
11.3.4Financial Overview
11.3.5SWOT Analysis
11.3.6Key Developments
11.4FLOWSERVE CORPORATION
11.4.1Key Facts
11.4.2Business Description
11.4.3Products and Services
11.4.4Financial Overview
11.4.5SWOT Analysis
11.4.6Key Developments
11.5HONEYWELL INTERNATIONAL, INC.
11.5.1Key Facts
11.5.2Business Description
11.5.3Products and Services
11.5.4Financial Overview
11.5.5SWOT Analysis
11.5.6Key Developments
11.6JOHNSON CONTROLS INTERNATIONAL PLC
11.6.1Key Facts
11.6.2Business Description
11.6.3Products and Services
11.6.4Financial Overview
11.6.5SWOT Analysis
11.6.6Key Developments
11.7MUELLER INDUSTRIES, INC.
11.7.1Key Facts
11.7.2Business Description
11.7.3Products and Services
11.7.4Financial Overview
11.7.5SWOT Analysis
11.7.6Key Developments
11.8SCHNEIDER ELECTRIC SE
11.8.1Key Facts
11.8.2Business Description
11.8.3Products and Services
11.8.4Financial Overview
11.8.5SWOT Analysis
11.8.6Key Developments
11.9SIEMENS AG
11.9.1Key Facts
11.9.2Business Description
11.9.3Products and Services
11.9.4Financial Overview
11.9.5SWOT Analysis
11.9.6Key Developments
PART 12.APPENDIX
12.1ABOUT THE INSIGHT PARTNERS
12.2GLOSSARY OF TERMS
LIST OF TABLES
TABLE 1.EUROPE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
TABLE 2.EUROPE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 3.EUROPE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 4.EUROPE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY COUNTRY (US$ MN)
TABLE 5.FRANCE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 6.FRANCE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 7.GERMANY HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 8.GERMANY HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 9.ITALY HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 10.ITALY HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 11.SPAIN HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 12.SPAIN HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 13.U.K HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 14.U.K HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 15.REST OF EUROPE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY PRODUCT (US$ MN)
TABLE 16.REST OF EUROPE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 - BY APPLICATION (US$ MN)
TABLE 17.GLOSSARY OF TERM: HVAC VALVES MARKET
LIST OF FIGURES
FIGURE 1.EUROPE HVAC VALVES MARKET SEGMENTATION
FIGURE 2.EUROPE HVAC VALVES MARKET SEGMENTATION - COUNTRY
FIGURE 3.EUROPE PRESSURE INDEPENDENT VALVES MARKET, 2017 & 2027
FIGURE 4.HVAC VALVES MARKET ECOSYSTEM ANALYSIS
FIGURE 5.EUROPE - PEST ANALYSIS
FIGURE 6.EUROPE HVAC VALVES MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS
FIGURE 7.EUROPE HVAC VALVES MARKET FORECAST AND ANALYSIS (US$ MN)
FIGURE 8.EUROPE HVAC VALVES MARKET BREAKDOWN, BY PRODUCT, 2018 & 2027 (%)
FIGURE 9.EUROPE HVAC VALVES MARKET, BY BALL VALVE MARKET FORECASTS AND ANALYSIS TO 2027 (US$ MN)
FIGURE 10.EUROPE HVAC VALVES MARKET, BY GLOBE VALVE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 11.EUROPE HVAC VALVES MARKET, BY BUTTERFLY VALVE MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 12.EUROPE HVAC VALVES MARKET, BY PRESSURE INDEPENDENT VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 13.EUROPE HVAC VALVES MARKET, BY OTHERS PRODUCTS MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 14.EUROPE HVAC VALVES MARKET BREAKDOWN, BY APPLICATION, 2018 & 2027 (%)
FIGURE 15.EUROPE HVAC VALVES MARKET, BY RESIDENTIAL MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 16.EUROPE HVAC VALVES MARKET, BY INDUSTRIAL MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 17.EUROPE HVAC VALVES MARKET, BY COMMERCIAL MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 18.EUROPE HVAC VALVES MARKET BREAKDOWN BY KEY COUNTRIES, 2018 & 2027(%)
FIGURE 19.FRANCE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 20.FRANCE HVAC VALVES MARKET BREAKDOWN BY PRODUCT, 2018 & 2027 (%)
FIGURE 21.FRANCE HVAC VALVES MARKET BREAKDOWN BY APPLICATION, 2018 & 2027 (%)
FIGURE 22.GERMANY HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 23.GERMANY HVAC VALVES MARKET BREAKDOWN BY PRODUCT, 2018 & 2027 (%)
FIGURE 24.GERMANY HVAC VALVES MARKET BREAKDOWN BY APPLICATION, 2018 & 2027 (%)
FIGURE 25.ITALY HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 26.ITALY HVAC VALVES MARKET BREAKDOWN BY PRODUCT, 2018 & 2027 (%)
FIGURE 27.ITALY HVAC VALVES MARKET BREAKDOWN BY APPLICATION, 2018 & 2027 (%)
FIGURE 28.SPAIN HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 29.SPAIN HVAC VALVES MARKET BREAKDOWN BY PRODUCT, 2018 & 2027 (%)
FIGURE 30.SPAIN HVAC VALVES MARKET BREAKDOWN BY APPLICATION, 2018 & 2027 (%)
FIGURE 31.UK HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 32.U.K HVAC VALVES MARKET BREAKDOWN BY PRODUCT, 2018 & 2027 (%)
FIGURE 33.U.K HVAC VALVES MARKET BREAKDOWN BY APPLICATION, 2018 & 2027 (%)
FIGURE 34.REST OF EUROPE HVAC VALVES MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
FIGURE 35.REST OF EUROPE HVAC VALVES MARKET BREAKDOWN BY PRODUCT, 2018 & 2027 (%)
FIGURE 36.REST OF EUROPE HVAC VALVES MARKET BREAKDOWN BY APPLICATION, 2018 & 2027 (%)
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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.
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- 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:
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.
- 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.
- 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.
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