The analysts forecast global HVAC valve market to grow at a CAGR of 5.64% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global HVAC valve market for 2016-2020.
The following companies are the key players in the global heating, ventilation, and air conditioning (HVAC) valves market: Flowserve, Honeywell, Johnson Controls, Pentair, and Schneider Electric. Other Prominent Vendors in the market are: Mueller Industries, Belimo, Advance Valves, Metrex Valve, and AVK Group.
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According to the HVAC valves market report a key growth driver is the increased spending on construction in emerging economies. Strong economic growth in the emerging Southeast Asian nations and increased budget allocation in construction activities indicate long-term growth for the infrastructure industry in the region. For instance, Indonesia increased its fund allocation toward infrastructure development by 13% from $20.91 billion in 2015 to $23.71 billion in 2016.
The global HVAC valves market analyst said one trend that will have a positive influence on market growth is the increased adoption of building automation systems. Building energy management system or commonly known as building automation system (BAS) is a centralized, computer-based control system that controls and monitors a building's heating, ventilation, air-conditioning, and lighting, etc. With the increasing need to optimize energy consumption, commercial building owners are installing BEMS. Owing to greater incorporation of BEMS to comply with government regulatory standards, BEMS in the US recorded 12.6% growth in 2015, and is expected to grow substantially in the years to come.
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Global Heating, Ventilation, and Air Conditioning (HVAC) Valves Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Valves are devices that regulate, direct, or control the flow of fluids (gases, liquids) by opening, closing, or partially opening various pathways. The three most commonly used types of valves in HVAC systems are:
- Ball Valve
- Globe Valve
- Butterfly Valve
Valves play a significant role in fluid distribution in HVAC system. They are mostly placed at the outlet on the top of the cooling/heating coils. They also act as a shut-off mechanism to enable servicing of the HVAC equipment. There are typically two types of valve arrangements, namely:
- Two-way valves circuit (for variable flow)
- Three-way valve circuit (for constant flow)
Further, the report states that one challenge that could hamper market growth is the instability in the global economy.
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