북미의 하이드로닉 밸런싱 밸브 시장 예측 - 지역별 분석, 유형별, 접속 유형별, 사이즈별, 용도별(-2031년)

The North America hydronic balancing valves market was valued at US$ 345.75 million in 2023 and is expected to reach US$ 545.01 million by 2031; it is estimated to register a CAGR of 5.9% from 2023 to 2031.

Increasing Demand for Energy-efficient Solutions Fuels North America Hydronic Balancing Valves Market

Consumer preference for energy-efficient appliances has been growing in recent times. Energy efficiency can provide long-term benefits by reducing overall electricity demand by lowering the need to invest in new infrastructure for electricity generation and transmission. It also contributes to the diversification of utility resource portfolios and can act as a buffer against the risk of volatile energy procurement expenditure. To attain energy efficiency, many manufacturing industries and commercial manufacturing companies are procuring high-efficiency HVAC systems. An efficient HVAC system utilizes less energy and operates more effectively than conventional systems, lowering the carbon footprint. In hydronic systems, the balancing valves facilitate the distribution of chilled or heated water to all terminals. The growing application of HVAC (Heating, Ventilation, and Air Conditioning) systems in air conditioning and heat pumps for achieving energy and growing implementation of energy efficiency standards for public buildings are boosting the demand for HVAC systems in various industrial and commercial sectors. Furthermore, growing initiatives of state and local governments are promoting energy efficiency programs and policies for public facilities, equipment usage, and government operations, which is boosting the application of HVAC systems. For instance, the renewable portfolio standard for New York was developed and implemented in 2004 and was expanded by Governor Cuomo's Clean Energy Standard (CES) in 2016. The CES has set a target of ~40% and approximately 80% reduction in greenhouse gas emissions by 2030 and 2050, respectively. One of the US states such as North Carolina has implemented renewable energy standards (RES) and the Zero-Emissions Credit (ZEC) requirement to lower carbon emissions. The main energy consumers in municipal-level operations are often the water and wastewater treatment facilities.

High-quality HVAC systems can be used at water and wastewater facilities to decrease energy costs and greenhouse gas emissions, which also increases the application of hydronic balancing valves. Thus, the growing demand for energy-efficient solutions drives the North America hydronic balancing valves market .

North America Hydronic Balancing Valves Market Overview

There is a rise in the adoption of HVAC systems owing to various features provided in these systems, such as energy efficiency and sustainability. According to Air Conditioning Contractors of America ACCA, HVAC services in North America are set to increase in value from US$ 25.6 billion in 2019 to US$ 35.8 billion by 2030. The growing application of HVAC systems is anticipated to propel the growth of the hydronic balancing valves market during the forecast period.

The hydronic balancing valves market is observing potential growth, owing to the rising adoption of advanced technologies and the increasing need for green construction solutions. Major application sectors such as residential, commercial, and industrial opt to integrate their HVAC systems into building management automation systems that streamline the system's operation and maintenance. High technological development is boosting the application of advanced HVAC systems, which results in an increased usage of hydronic balancing valves in North America.

There is an increase in the utilization of advanced HVAC systems in various industries focused on energy efficiency and air quality improvement. The demand for hydronic balancing valves is directly influenced by the growth in manufacturing facilities, the pharmaceutical industry, IT, and ITES companies with rapid industrialization, along with the expansion of the service sector. Moreover, the wide presence of hydronic balancing valve manufacturers and suppliers such as Hays Fluid Controls, Victaulic Company, Red-White Valve Corp., Nibco Inc., Xylem Inc., and American Wheatley also fuels the market growth.

North America Hydronic Balancing Valves Market Revenue and Forecast to 2031 (US$ Million)

North America Hydronic Balancing Valves Market Segmentation

The North America hydronic balancing valves market is categorized into type, connection type, size, application, and country.

Based on type , the North America hydronic balancing valves market is segmented into static balancing valves, fixed-orifice balancing valves, automatic balancing valves, and pressure-independent flow control valves. The static balancing valves segment held the largest market share in 2023.

In terms of connection type, the North America hydronic balancing valves market is segmented into flanged, threaded, and others. The flanged segment held the largest market share in 2023.

By size, the North America hydronic balancing valves market is segmented into less then 5 inches, 6-10 inches, 11-20 inches, and above 20 inches. The less then 5 inches segment held the largest market share in 2023.

By application, the North America hydronic balancing valves market is segmented into residential, commercial, and industrial. The residential segment held the largest market share in 2023.

By country, the North America hydronic balancing valves market is segmented into the US, Canada, and Mexico. The US dominated the North America hydronic balancing valves market share in 2023.

Caleffi S.p.a.; Danfoss AS; Frese A/S; Global Flow Products LLC; HAYS FLUID CONTROLS; Johnson Controls International Plc; Oventrop GmbH & Co. KG; Red-White Valve Corp.; Victaulic Company; and Xylem Inc. are some of the leading companies operating in the North America hydronic balancing valves market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Secondary Research
• 3.2 Primary Research
  • 3.2.1 Hypothesis formulation:
  • 3.2.2 Macro-economic factor analysis:
  • 3.2.3 Developing base number:
  • 3.2.4 Data Triangulation:
  • 3.2.5 Country level data:

4. North America Hydronic Balancing Valves Market Landscape

• 4.1 Overview
• 4.2 Ecosystem Analysis
  • 4.2.1 Raw Materials Suppliers-
  • 4.2.2 Manufacturing and Assembly:
  • 4.2.3 Distribution and Logistics:
  • 4.2.4 End Users:
  • 4.2.5 List of Vendors in the Value Chain

5. North America Hydronic Balancing Valves Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Increasing Demand for Energy-efficient Solutions
  • 5.1.2 Growing Application of Hydronic Balancing Valves for HVAC Systems in Oil & Gas Industry
  • 5.1.3 Rising Urbanization Worldwide
• 5.2 Market Restraints
  • 5.2.1 High Cost of Installation, Repair, and Maintenance of Hydronic Balancing Valves
• 5.3 Market Opportunities
  • 5.3.1 Integration of Smart Technology into Hydronic Balancing Valves
• 5.4 Future Trends
  • 5.4.1 Utilization of Sustainable Materials and Components in Public Infrastructure
• 5.5 Impact of Drivers and Restraints:

6. Hydronic Balancing Valves Market - North America Analysis

• 6.1 North America Hydronic Balancing Valves Market Revenue (US$ Million), 2021-2031
• 6.2 North America Hydronic Balancing Valves Market Forecast Analysis

7. North America Hydronic Balancing Valves Market Analysis - by Type

• 7.1 Static Balancing Valves
  • 7.1.1 Overview
  • 7.1.2 Static Balancing Valves: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 7.2 Fixed-Orifice Balancing Valves
  • 7.2.1 Overview
  • 7.2.2 Fixed-Orifice Balancing Valves: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 7.3 Automatic Balancing Valves
  • 7.3.1 Overview
  • 7.3.2 Automatic Balancing Valves: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 7.4 Pressure-Independent Flow Control Valves
  • 7.4.1 Overview
  • 7.4.2 Pressure-Independent Flow Control Valves: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Hydronic Balancing Valves Market Analysis - by Connection Type

• 8.1 Flanged
  • 8.1.1 Overview
  • 8.1.2 Flanged: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 8.2 Threaded
  • 8.2.1 Overview
  • 8.2.2 Threaded: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 8.3 Others
  • 8.3.1 Overview
  • 8.3.2 Others: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Hydronic Balancing Valves Market Analysis by Size

• 9.1 Less than 5 Inches
  • 9.1.1 Overview
  • 9.1.2 Less than 5 Inches: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 9.2 6-10 Inches
  • 9.2.1 Overview
  • 9.2.2 6-10 Inches: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 9.3 11-20 Inches
  • 9.3.1 Overview
  • 9.3.2 11-20 Inches: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 9.4 Above 20 Inches
  • 9.4.1 Overview
  • 9.4.2 Above 20 Inches: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)

10. North America Hydronic Balancing Valves Market Analysis by Application

• 10.1 Residential
  • 10.1.1 Overview
  • 10.1.2 Residential: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 10.2 Commercial
  • 10.2.1 Overview
  • 10.2.2 Commercial: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
• 10.3 Industrial
  • 10.3.1 Overview
  • 10.3.2 Industrial: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)

11. North America Hydronic Balancing Valves Market - Country Analysis

• 11.1 North America
  • 11.1.1 North America Hydronic Balancing Valves Market Breakdown, by Key Countries, 2023 and 2031 (%)
    • 11.1.1.1 North America Hydronic Balancing Valves Market - Revenue and Forecast Analysis - by Country
    • 11.1.1.2 United States: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.2.1 United States: North America Hydronic Balancing Valves Market Breakdown, by Type
      • 11.1.1.2.2 United States: North America Hydronic Balancing Valves Market Breakdown, by Connection Type
      • 11.1.1.2.3 United States: North America Hydronic Balancing Valves Market Breakdown, by Size
      • 11.1.1.2.4 United States: North America Hydronic Balancing Valves Market Breakdown, by Application
    • 11.1.1.3 Canada: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.3.1 Canada: North America Hydronic Balancing Valves Market Breakdown, by Type
      • 11.1.1.3.2 Canada: North America Hydronic Balancing Valves Market Breakdown, by Connection Type
      • 11.1.1.3.3 Canada: North America Hydronic Balancing Valves Market Breakdown, by Size
      • 11.1.1.3.4 Canada: North America Hydronic Balancing Valves Market Breakdown, by Application
    • 11.1.1.4 Mexico: North America Hydronic Balancing Valves Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.4.1 Mexico: North America Hydronic Balancing Valves Market Breakdown, by Type
      • 11.1.1.4.2 Mexico: North America Hydronic Balancing Valves Market Breakdown, by Connection Type
      • 11.1.1.4.3 Mexico: North America Hydronic Balancing Valves Market Breakdown, by Size
      • 11.1.1.4.4 Mexico: North America Hydronic Balancing Valves Market Breakdown, by Application

12. Competitive Landscape

• 12.1 Company Positioning & Concentration
• 12.2 Heat Map Analysis

13. Industry Landscape

• 13.1 Overview
• 13.2 Market Initiative
• 13.3 Product Development
• 13.4 Mergers & Acquisitions

14. Company Profiles

• 14.1 Danfoss AS
  • 14.1.1 Key Facts
  • 14.1.2 Business Description
  • 14.1.3 Products and Services
  • 14.1.4 Financial Overview
  • 14.1.5 SWOT Analysis
  • 14.1.6 Key Developments
• 14.2 Johnson Controls International Plc
  • 14.2.1 Key Facts
  • 14.2.2 Business Description
  • 14.2.3 Products and Services
  • 14.2.4 Financial Overview
  • 14.2.5 SWOT Analysis
  • 14.2.6 Key Developments
• 14.3 Xylem Inc.
  • 14.3.1 Key Facts
  • 14.3.2 Business Description
  • 14.3.3 Products and Services
  • 14.3.4 Financial Overview
  • 14.3.5 SWOT Analysis
  • 14.3.6 Key Developments
• 14.4 HAYS FLUID CONTROLS
  • 14.4.1 Key Facts
  • 14.4.2 Business Description
  • 14.4.3 Products and Services
  • 14.4.4 Financial Overview
  • 14.4.5 SWOT Analysis
  • 14.4.6 Key Developments
• 14.5 Victaulic Company
  • 14.5.1 Key Facts
  • 14.5.2 Business Description
  • 14.5.3 Products and Services
  • 14.5.4 Financial Overview
  • 14.5.5 SWOT Analysis
  • 14.5.6 Key Developments
• 14.6 Red-White Valve Corp.
  • 14.6.1 Key Facts
  • 14.6.2 Business Description
  • 14.6.3 Products and Services
  • 14.6.4 Financial Overview
  • 14.6.5 SWOT Analysis
  • 14.6.6 Key Developments
• 14.7 Oventrop GmbH & Co. KG
  • 14.7.1 Key Facts
  • 14.7.2 Business Description
  • 14.7.3 Products and Services
  • 14.7.4 Financial Overview
  • 14.7.5 SWOT Analysis
  • 14.7.6 Key Developments
• 14.8 Caleffi S.p.a.
  • 14.8.1 Key Facts
  • 14.8.2 Business Description
  • 14.8.3 Products and Services
  • 14.8.4 Financial Overview
  • 14.8.5 SWOT Analysis
  • 14.8.6 Key Developments
• 14.9 Global Flow Products LLC
  • 14.9.1 Key Facts
  • 14.9.2 Business Description
  • 14.9.3 Products and Services
  • 14.9.4 Financial Overview
  • 14.9.5 SWOT Analysis
  • 14.9.6 Key Developments

15. Appendix

• 15.1 About The Insight Partners