Future Market Insights (FMI) indicates promising prospects for the global pressure reducing valves market, poised to attain a substantial valuation of approximately USD 3,932.20 Million by 2034. Projections suggest a robust Compound Annual Growth Rate (CAGR) of 4.7% over the forecast period.
This noteworthy growth trajectory is chiefly attributed to the escalating adoption of pressure-reducing valves within the industrial sector. These valves have garnered significant attention due to their exceptional capacity to regulate and sustain consistent flow rates, consequently leading to diminished energy consumption. Consequently, they have emerged as indispensable assets for industries striving to curtail their carbon footprint and comply with stringent environmental regulations, thereby aligning with the global thrust towards sustainability.
The increasing global emphasis on energy efficiency and environmental sustainability has driven a heightened demand for pressure-reducing valves. These valves play a crucial role in optimizing energy usage and aligning with the sustainability goals of industries and organizations worldwide. Their significance in the industrial landscape is further underscored by this convergence of factors.
Furthermore, the demand for pressure-reducing valves extends beyond industrial applications to include residential and commercial sectors. This broader scope is expected to contribute significantly to sales figures well into the foreseeable future, supporting the market’s sustained growth trajectory.
Pressure-reducing valves are essential for effectively managing water pressure and protecting plumbing systems from potential damage caused by excessive pressure. Installed on the primary water supply line, these valves regulate water pressure throughout buildings, ensuring the optimal functionality of fixtures and appliances.
In summary, the global Pressure Reducing Valves Market is poised for continued growth due to its multifaceted utility and alignment with critical global imperatives for efficiency and sustainability.
‘Changing end user requirements has created high demand for advanced, energy-efficient, and sustainable systems. As a result, key manufacturers are aiming at developing novel products integrated with smart technologies. Several start-up companies are also entering into the market making it highly competitive,’ says an analyst at Future Market Insights (FMI).
Who is Winning?
Emerson Electric Co., Parker Hannifin Corporation, Watts Water Technologies, Xylem Inc., and Honeywell International are the top manufacturers of pressure reducing valves profiled in the report.
These companies are focusing on developing innovative and technologically advanced solutions to meet end user demand. They are also using strategies such as partnerships, alliances, mergers, and acquisitions to expand their presence.
Recent Developments:
In 2022, Zurn Industries, LLC introduced a new compact and lightweight pressure reducing valve (Zurn Wilkins 500XL3).
Key Players:
- Xylem Inc.
- Spirax Sarco Engineering Plc
- CIRCOR International Inc.
- Watts Water Technologies Inc.
- TLV
- Cla Val
- Itap Spa
- Caleffi S.p.a.
- HYDAC
- Forbes Marshall
- ZOLOTO VALVES
- AIRA EURO AUTOMATION PVT. LTD.
- Honeywell International
- Orkimsan
- XMC Pneumatic Co., Ltd
- Emerson
- Parker Hannifin Corporation
- Flowserve Corporation Lowpad B.V.
Find More Valuable Insights:
The research report analyzes the market demand trends for pressure-reducing valves. The global market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of pressure-reducing valves.
As per Future Market Insights’ research scope, the pressure-reducing valves market has been studied and segmented on the basis of product, material type, operating pressure, application, and end-use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.
Market Segmentation:
By Product Type:
- Direct Acting
- Residential
- Commercial
- Industrial
- Pilot Operating
By Material Type:
- Cast Steel
- Stainless Steel
- Carbon Steel
- Cast Iron
- Ductile Iron
- Bronze
- Plastics
- Others
By Operating Pressure:
- 50 to 200 Psig
- 201 to 500 Psig
- 501 to 800 Psig
- Above 800 Psig
By Application:
- Gas
- Steam
- Liquid
By End Use:
- Residential
- Commercial
- Industrial
- Power Generation
- Pharmaceuticals
- Pulp and Paper
- Chemicals
- Food and Beverages
- Oil and Gas
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East & Africa
Access Report Details for More In-Depth Information!
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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