Balancing the Flow: Evolving Dynamics in the North American Pressure Regulating Valves Market
The North America Pressure Regulating Valves Market report, authored by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—unveils profound insights and meticulous analysis of the North America Pressure Regulating Valves market. Encompassing the research’s ambit and essence, the report scrutinizes the driving determinants, market expanse, and predictive statistics for North American Pressure Regulating Valves. It offers exhaustive breakdowns of revenue and shipment segments, with an extensive 10-year forecast till 2033. Furthermore, the document evaluates pivotal industry players, their market apportionments, the competitive terrain, and regional insights.
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 the Future Market Insights report.
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Some of the main variables that have seen growth over the
study’s historical years include the expanding requirement for residential
construction and the region’s burgeoning population.
The consumer’s perspective on the devices is evolving due to
an increasing awareness of the maintenance of piping systems and water
conservation activities. The PRV should not only be able to regulate the flow
but also incur lower maintenance costs on behalf of the consumers. Looking at
such trends the vendors are emphasizing laying investments in research and
development initiatives and, hence, coming up with technologies and advanced
products that can scale up to the consumer’s expectations.
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 Million 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 Million.
- In
the North America Pressure Regulating Valves market, Up to 2”
inlet pressure type is projected to account for more than 50% share by the
end of the forecast period owing to its high range of valuations.
- By
Country, the 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.
Key Companies Profiled:
- Danfoss
A/S
- Reliance
Worldwide Corporation
- Parker
Hannifin
- Zurn
Water Solutions
- Apollo
Valves
- Watts
Water Technologies Company
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 valve type, inlet pressure, diameter,
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:
- The
U.S.
- North
East U.S.
- South
U.S.
- Midwest
U.S.
- West
U.S.
- Canada
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