Report : North America 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 5.9% CAGR, North America Hydronic Balancing Valves Market is Projected to be Worth US$ 545.01 Million by 2031, says Business Market Insights
According to Business Market Insights’ research, the North America hydronic balancing valves market was valued at US$ 345.75 million in 2023 and is expected to reach US$ 545.01 million by 2031, registering a CAGR of 5.9% from 2023 to 2031. Private-payer growth and insurance models and increasing incidence of chronic diseases are among the critical factors attributed to drive the North America hydronic balancing valves market growth.
The growth of private payers and evolving models of insurance have largely driven the hydronic balancing valves market in the region. With more Americans obtaining private health insurance through employers, individual plans, or government-supported programs such as Medicare Advantage, specialty hospitals are benefiting from higher reimbursement rates and a growing patient base. These private insurance plans often cover specific treatments at specialty hospitals, such as orthopedics, cancer care, or cardiac services, which are usually more focused and efficient than general hospitals. Managed care organizations (MCOs) and Health Maintenance Organizations (HMOs) also impact the patient's decision to select specialty hospitals. Such models encourage cost control with enhanced outcomes, thereby promoting the utilization of special facilities that can assure higher-quality care with reduced complication and recovery time. Private insurance plans are also more likely to contract with specialty hospitals that have a reputation for expertise in certain medical areas, thus directing patients to seek care from these institutions. An increase in high-deductible health plans is encouraging patients to be more cost-sensitive and selective about their care. Specialty hospitals, which generally have less opaque pricing and more advanced treatments, are an attractive option for patients willing to pay more out-of-pocket for specialized care. This shift in insurance models is improving the financial viability and growth of specialty hospitals.
On the contrary, high costs of specialty hospitals hamper the growth of North America hydronic balancing valves market.
Based on type, the North America 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$ 120.72 million. It is projected to garner US$ 183.29 million by 2031 to register 5.4% CAGR during 2023–2031.
In terms of connection type, the North America hydronic balancing valves market is segmented into flanged, threaded, and others. The flanged segment held 41.1% share of North America hydronic balancing valves market in 2023, amassing US$ 141.95 million. It is anticipated to garner US$ 238.00 million by 2031 to expand at 6.7% CAGR during 2023–2031.
By size, the North America 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 30.4% market share in 2023, amassing US$ 105.03 million. It is projected to garner US$ 161.69 million by 2031 to register 5.5% CAGR during 2023–2031.
By application, the North America hydronic balancing valves market is segmented into residential, commercial, and industrial. The residential segment held 43.9% market share in 2023, amassing US$ 151.64 million. It is projected to garner US$ 233.21 million by 2031 to register 5.5% CAGR during 2023–2031.
By country, the North America hydronic balancing valves market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 72.0% share of North America hydronic balancing valves market in 2023. It was assessed at US$ 248.99 million in 2023 and is likely to hit US$ 382.05 million by 2031, registering a CAGR of 5.5% during 2023–2031.
Key players operating in the North America hydronic balancing valves market Caleffi S.p.a., Danfoss AS, Frese A/S, Global Flow Products LLC, HAYS FLUID CONTROLS, Johnson Controls International Plc, Oventrop GmbH & Co. KG, Red-White Valve Corp., Victaulic Company, and Xylem Inc., among others.
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