Global automatic balancing valves market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Automatic balancing valves (ABVs) are pressure sovereign and keep the water flow constant, irrespective of pressure changes.
The factors that are playing a major role in the growth of automatic balancing valves market are easy to use and no maintenance required, cost-efficient, enhanced indoor comfort, the rising demand from end-users, and it reduces water erosion and noise. However, the presence of substitutes and lack of good hydronic balancing may restrain the overall market in the years to come. The market is segmented based on type, material, integrated service, application and region.
ASV-PV, ASV-BD, and ASV-M are the types that could be explored in automatic balancing valves in the forecast period. EPDM, brass, stainless steel, and polymer are the material types that could be explored in automatic balancing valves market in the forecast period. Based on the integrated service, draining, flushing, and shut-off could classify automatic balancing valves in the forecast period.
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The market may be categorized based on applications like heat emitter, HAVC, a manifold for floor heating system, cooling application, and others that could be explored in automatic balancing valves in the forecast period. Heat emitter sector comprises thermal strips, radiators, fan convectors, and convectors. HAVC sector may account for the significant share of automatic balancing valves market and is estimated to lead the overall market in the years to come.
Globally, Asia Pacific accounted for the significant share of automatic balancing valves industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the rising demand from end-users. The developing countries like India and China are the major consumers of automatic balancing valves in this region.
North America and Europe are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. The United States is a major consumer of automatic balancing valves in this region. However, Europe is estimated to grow at the highest CAGR in the forecast period.
The key players of automatic balancing valves market are Nibco, IMI Hydronic, Grinnell, Danfoss, Armstrong, Frese A/S, Honeywell, Caleffi, IVAR Group, VIR Group, Oventrop, and Crane Fluid Systems. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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