Backflow preventer sales are expected to reach US$ 367.4 Mn in 2021, according to Future Market Insights (FMI), an ESOMAR-certified research and consulting firm, with a stable long-term projection. COVID-19’s recessionary effects on construction activities slowed backflow preventer demand in 2020, causing backflow preventer sales to slow.
Nonetheless, with the exception of a few nations, the development of water infrastructure has restarted at a robust rate following the second quarter of the fiscal year. The market for backflow preventers is expected to develop both immediately and over the long term, as the industry is now in a recovery stage.
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Compared to earlier designs, the lifetime cost of a plastic backflow is far lower. Today, the cost of the full assembly of a backflow prevention device made using new composite materials can be comparable to the cost of one component in an older model.
Growth prospects are anticipated as government standards and regulations for the plumbing business significantly expand. The market is anticipated to be driven by the rising preference for decreased pressure zone backflow preventers in both developed and developing nations worldwide.
Key Takeaways from Backflow Preventers Market Study
- Global backflow preventer market is expected to exhibit 3.7% CAGR between 2021 and 2031
- The U.S. is projected to account for over 75% sales in North America, thanks to increasing residential construction
- Increasing focus on waste water treatment will enable the U.K. register 1.9% y-o-y growth in 2021
- Increasing construction activities will drive growth in Germany and France
- Increasing government spending towards waste water treatment will drive growth in Japan and South Korea
“Stringent laws implemented to ensure safe drinking water are expected to give impetus to the backflow preventer market. In addition to this, innovation of new connected backflow preventers will enable the market gain momentum at a steady pace through the forecast period. Competitive price offering, increase in end user satisfaction in terms of performance, and use of advanced technologies are some of the key strategies implemented by manufacturers operating in the market,” says FMI analyst.
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Competitive Landscape:
According to estimates, there is a good amount of market consolidation for backflow preventers, with the major players accounting for close to 60% of the total market value share. In order to keep their market shares, these businesses are expected to invest in new technological advancements and network expansion. Some of the major companies in the market include Emerson Electric Co., Watts Water Technologies Company, Watts Rexnord Corporation, Conbraco Industries Inc., Caleffi S.p.a., W.W. Grainger, Inc., A.R.I. Flow Control Accessories Ltd, BEULCO GmbH und Co. KG, and others.
Backflow preventer market is estimated to witness sound growth during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of water management that meet personalized requirements of consumers. Collaboration, mergers and acquisition with regional companies are some of the key strategies market players are likely to focus on to gain competitive edge.
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Backflow preventers Market by Category
Product Type
- Atmospheric Vacuum Breaker
- Pressure Vacuum Breaker
- Double Check Valve Assembly
- Reduced Pressure Zone
Material Type
- Stainless Steel
- Plastic
- Ductile Iron
- Bronze
- Other Materials
End Use
- Residential
- Commercial
- Industrial
- Sprinkler & Irrigation
- Water & Wastewater
- Chemical Processing
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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