Global HVAC Valve Market will propel to garner 44.02 million units, with a CAGR of 5.5% by 2025
05 June 2018
HVAC Valve as a valve serves a large variety of needs in HVAC automatic temperature control systems. HVAC Control valves come in a wide assortment of shapes and sizes, and can be controlled in many ways. Mainly three different types of HVAC valves are used ball valve, globe valve and butterfly valve. Ball Valves control hot and chilled water with glycol solutions up to 50% in heating, ventilating, and air conditioning (HVAC) systems to provide two-position or modulating functions. The key principle of globe valve operation is the perpendicular movement of the disk away from the seat. This causes the annular space between the disk and seat ring to gradually close as the valve is closed. A butterfly valve, is a quarter turn ,rotary motion valve that is used to stop, regulate, and start fluid (air, gas, water, steam) flow in pipes. Butterfly valves are easily and quickly operated because of 90o rotation of disk from a fully closed to fully opened position. Butterfly valves are also called quick turn valves.
Increasing demand for residential sector is expected to drive the demand for HVAC Valve market. Moreover, increasing demand from commercial applications are raising the demand for has led to increased demand for HVAC Valve. However, high manufacturing cost of HVAC Valve and is expected to hamper the HVAC Valve market. Global HVAC valve market in 2017 stood at 31.93 million units and is expected to reach 44.02 million units by 2022 growing at a CAGR of 5.5% from 2018 to 2022.
On the basis of type HVAC Valve can be classified as ball valve, globe valve and butterfly valve. Ball HVAC Valve occupied larger market share as compared to globe and butterfly HVAC Valve. However, butterfly HVAC Valve is expected to grow at a faster growth rate during the forecast period. Major applications of HVAC Valve can be classified as residential, commercial, industrial and others. Commercial application held the major market share while residential application is expected to grow at a fastest growth rate during the forecast period.
Region wise global HVAC Valve market is segmented into North America, South America, Europe, Asia Pacific, and Middle East and Africa. Each of these regions is further segmented based on major countries. Asia Pacific held the largest market share followed by North America and Europe. Asia Pacific held more than 30% global market share in 2017. Asia Pacific is expected to grow at a fastest growth rate followed by South America during the forecast period.
Some of the global major players operating in the HVAC Valve market include Honeywell International Inc., Johnson Controls, Inc., Schneider Electric S.E., Belimo, Danfoss, AVK group, Flowserve Corporation, Samson, Bray International, Inc., Nexus Valve, IDC, Siemens AG, Pentair, Mueller Industries and Others.
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