Report : Middle East & Africa 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 6.6% CAGR, Middle East & Africa Hydronic Balancing Valves Market is Projected to be Worth US$ 215.52 Million by 2031, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa hydronic balancing valves market was valued at US$ 128.88 million in 2023 and is expected to reach US$ 215.52 million by 2031, registering a CAGR of 6.6% from 2023 to 2031. Integration of smart technology into hydronic balancing valves and utilization of sustainable materials and components in public infrastructure are among the critical factors attributed to drive the Middle East & Africa hydronic balancing valves market growth.
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 are utilizing 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 done, which significantly enhance 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.
By harnessing the power of artificial intelligence (AI) and machine learning (ML), new HVAC systems can be developed that can cater to the requirements for predictive maintenance, thus offering better cost savings and longer operational life. Owing to the integration of such technologies, the adoption of smart HVAC systems has been rising across residential, commercial, and industrial sectors. HVAC manufacturers have been entering into collaborations with different companies or improving their product offerings. In June 2020, Schneider Electric SE, Somfy Group, and Danfoss A/S partnered with Assa Abloy AB to develop and deploy seamless smart HVAC solutions for commercial and residential applications. Such collaborations can offer customers high-end solutions such as smart HVAC systems and advanced hydronic balancing valves.
On the contrary, high costs of specialty hospitals hamper the growth of Middle East & Africa hydronic balancing valves market.
Based on type, the Middle East & Africa 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 36.5% market share in 2023, amassing US$ 47.04 million. It is projected to garner US$ 75.43 million by 2031 to register 6.1% CAGR during 2023–2031.
In terms of connection type, the Middle East & Africa hydronic balancing valves market is segmented into flanged, threaded, and others. The threaded segment held 42.6% share of Middle East & Africa hydronic balancing valves market in 2023, amassing US$ 54.92 million. It is anticipated to garner US$ 87.86 million by 2031 to expand at 6.0% CAGR during 2023–2031.
By size, the Middle East & Africa 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 34.2% market share in 2023, amassing US$ 44.05 million. It is projected to garner US$ 70.80 million by 2031 to register 6.1% CAGR during 2023–2031.
By application, the Middle East & Africa hydronic balancing valves market is segmented into residential, commercial, and industrial. The residential segment held 45.5% market share in 2023, amassing US$ 56.10 million. It is projected to garner US$ 89.39 million by 2031 to register 6.0% CAGR during 2023–2031.
By country, the Middle East & Africa hydronic balancing valves market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 37.0% share of Middle East & Africa hydronic balancing valves market in 2023. It was assessed at US$ 47.72 million in 2023 and is likely to hit US$ 75.86 million by 2031, registering a CAGR of 6.0% during 2023–2031.
Key players operating in the Middle East & Africa 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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