Report : Europe Hydronic Balancing Valves Market Forecast to 2031 – Regional Analysis – 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 then 5 Inches, 6-10 Inches, 11- 20 Inches, and Above 20 Inches), and Application (Residential, Commercial, and Industrial)
At 6.1% CAGR, Europe Hydronic Balancing Valves Market is Projected to be Worth US$ 509.78 Million by 2031, says Business Market Insights
According to Business Market Insights’ research, the Europe hydronic balancing valves market was valued at US$ 317.13 million in 2023 and is expected to reach US$ 509.78 million by 2031, registering a CAGR of 6.1% from 2023 to 2031. Increasing demand for energy-efficient solutions and growing application of hydronic balancing valves for HVAC systems in oil & gas industry are among the critical factors attributed to drive the Europe 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. The growing application of HVAC (Heating, Ventilation, and Air Conditioning) systems in air conditioning and heat pumps for achieving energy and growing implementation of energy efficiency standards for public buildings are boosting the demand for HVAC systems in various industrial and commercial sectors. Furthermore, growing initiatives of state and local governments are promoting energy efficiency programs and policies for public facilities, equipment usage, and government operations, which is boosting the application of HVAC systems. High-quality HVAC systems can be used at water and wastewater facilities to decrease energy costs and greenhouse gas emissions, which also increases the application of hydronic balancing valves. Thus, the growing demand for energy-efficient solutions drives the Europe hydronic balancing valves market.
On the contrary, high costs of specialty hospitals hampers the growth of Europe hydronic balancing valves market.
Based on type, the Europe 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 34.9% market share in 2023, amassing US$ 110.80 million. It is projected to garner US$ 170.22 million by 2031 to register 5.5% CAGR during 2023–2031.
In terms of connection type, the Europe hydronic balancing valves market is segmented into flanged, threaded, and others. The flanged segment held 42.0% share of Europe hydronic balancing valves market in 2023, amassing US$ 133.20 million. It is anticipated to garner US$ 226.58 million by 2031 to expand at 6.9% CAGR during 2023–2031.
By size, the Europe hydronic balancing valves market is segmented into less then 5 inches, 6-10 inches, 11- 20 inches, and above 20 inches. The less then 5 inches segment held 31.8% market share in 2023, amassing US$ 100.91 million. It is projected to garner US$ 152.67 million by 2031 to register 5.3% CAGR during 2023–2031.
By application, the Europe hydronic balancing valves market is segmented into residential, commercial, and industrial. The residential segment held 43.1% market share in 2023, amassing US$ 136.62 million. It is projected to garner US$ 216.06 million by 2031 to register 5.9% CAGR during 2023–2031.
By country, the Europe hydronic balancing valves market is segmented into Germany, Italy, France, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.7% share of Europe hydronic balancing valves market in 2023. It was assessed at US$ 78.45 million in 2023 and is likely to hit US$ 122.86 million by 2031, registering a CAGR of 5.8% during 2023–2031.
Key players operating in the Europe hydronic balancing valves market are Danfoss AS, Johnson Controls International Plc, Xylem Inc., Victaulic Company, Oventrop GmbH & Co. KG, and Caleffi S.p.a., among others.
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