The North American Pressure Regulating Valves Market is anticipated to reach US$ 782.9 Million in 2022, expanding at a CAGR of 5.1% from 2022 to 2032, according to Future Market Insights analysis.
Some of the main factors that have seen growth over the study’s historical years include the expanding needs for residential construction and the region’s expanding population.
The consumer’s perception of the devices is changing as a result of growing awareness of piping system maintenance and water conservation efforts. The PRV should be able to control the flow while also costing less to maintain for the consumers. The vendors are emphasising the importance of funding initiatives for research and development in light of these trends.
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Simultaneously, innovating products is the need of the time and, likewise, to maintain & increase market share, vendors have to keep searching for ways of updating the existing technology, which will make the market more stable in terms of growth.
Key Takeaways of Pressure Regulating Valves Market Study:
- The value of the direct operating Pressure Regulating Valves is projected to increase at a value CAGR of 5.0% to reach around US$ 772.5 Mn by the end of 2032.
- In terms of End Use, Apartments and condominiums are anticipated to create an absolute dollar opportunity worth US$ 295.4 Mn.
- In the North America Pressure Regulating Valves market, Up to 2” inlet pressure type is projected account for more than 50% share by the end of forecast period owing to its high range of valuations.
- By Country, U.S. is anticipated to account for more than 80% of market share by the end of 2032 and is expected to remain dominant throughout the forecast period.
“The growing residential construction sector and strict energy-efficiency regulations in the North American region owing to the increasing population is expected to accelerate the market growth of Pressure Regulating Valves.” says Future Market insights analyst
Competitive Landscape:
The market is concentrated, with top players accounting for market share ranging from 55% to 65% of market revenue in 2021. Prominent players in the market aim to be recognized as a leader in operational excellence to offer innovative products to end users with applied product standards in order to gain a prominent share in the market.
The Danfoss A/S, Watts Water Technologies, Inc., Resideo Technologies Inc. are a few of the market’s major participants.
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More Insights into the Pressure Regulating Valves Market Report
In its latest report, Future Market Insights offers an unbiased analysis of the North America Pressure Regulating Valves market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on by valve type, by inlet pressure, by diameter, by end use and by country.
Key Segments Covered in Pressure Regulating Valves Industry Analysis
Pressure Regulating Valves Market by Valve Type:
- Direct Acting
- Pilot Operated
Pressure Regulating Valves Market by Inlet Pressure:
- Up to 10 bar
- 10 to 15 bar
- 15 to 20 bar
- Above 20 bar
Pressure Regulating Valves Market by Diameter:
- 3/8″
- 1/2″
- 3/4″
- 1″
- 1 ¼”
- Up to 2″
Pressure Regulating Valves Market by End Use:
- Apartments & Condominiums
- Townhouses
- Villas
Pressure Regulating Valves Market by Country:
- U.S.
- North East U.S.
- South U.S.
- Midwest U.S.
- West U.S.
- Canada
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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