Report : Asia Pacific 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 6.9% CAGR, Asia Pacific Hydronic Balancing Valves Market is Projected to be Worth US$ 669.34 Million by 2031, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific hydronic balancing valves market was valued at US$ 391.37 million in 2023 and is expected to reach US$ 669.34 million by 2031, registering a CAGR of 6.9% from 2023 to 2031. Utilization of sustainable materials and components in public infrastructure and rising urbanization worldwide are among the critical factors attributed to drive the Asia Pacific hydronic balancing valves market growth.
The increasing concern for environmental pollution and carbon emissions from different industries has encouraged the governments of several nations to adopt more eco-friendly and sustainable alternatives with low to zero carbon emission rates. The industrial sector is a major carbon-centric sector with a substantial share in growing environmental pollution worldwide. The use of environment-friendly components such as hydronic balancing valves manufactured from recycled products can reduce the carbon footprint across the globe. Furthermore, the adoption of lead-free components for fabricating hydronic balancing valves for use in commercial and public infrastructure is rising and is anticipated to become more prominent in the coming years. The growing government initiatives and policies are projected to support the integration of sustainable environment friendly components into public infrastructure. For instance, several upcoming infrastructure projects in India such as the Narmada Valley Development Project, Bharatmala Pariyojana, Chenab River Railway Bridge, Mumbai Trans Harbour Link, Delhi Metro Industrial Corridor, Inland WaterWays Development Project Zoji-la and Z-Morh Tunnel Project, and Navi Mumbai International Project are projected to be built using environment-friendly components. Companies like ACS Valves, and Valmet are focusing on developing valves from recycled products. Thus, the increasing proliferation and usage of sustainable components as a viable alternative to conventional hydronic balancing valves in the commercial and public infrastructure sector is anticipated to fuel the market growth in the coming years.
On the contrary, high costs of specialty hospitals hamper the growth of Asia Pacific hydronic balancing valves market.
Based on type, the Asia Pacific 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 35.8% market share in 2023, amassing US$ 140.28 million. It is projected to garner US$ 226.57 million by 2031 to register 6.2% CAGR during 2023–2031.
In terms of connection type, the Asia Pacific hydronic balancing valves market is segmented into flanged, threaded, and others. The threaded segment held 42.5% share of Asia Pacific hydronic balancing valves market in 2023, amassing US$ 166.44 million. It is anticipated to garner US$ 267.83 million by 2031 to expand at 6.1% CAGR during 2023–2031.
By size, the Asia Pacific 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 32.0% market share in 2023, amassing US$ 125.38 million. It is projected to garner US$ 199.64 million by 2031 to register 6.0% CAGR during 2023–2031.
By application, the Asia Pacific hydronic balancing valves market is segmented into residential, commercial, and industrial. The residential segment held 42.9% market share in 2023, amassing US$ 167.97 million. It is projected to garner US$ 274.46 million by 2031 to register 6.3% CAGR during 2023–2031.
By country, the Asia Pacific hydronic balancing valves market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 25.3% share of Asia Pacific hydronic balancing valves market in 2023. It was assessed at US$ 99.00 million in 2023 and is likely to hit US$ 155.29 million by 2031, registering a CAGR of 5.8% during 2023–2031.
Key players operating in the Asia Pacific 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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