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Europe HVAC Valves Market Estimated to Record Highest CAGR by 2027 - AVK Group, Belimo Holding, Danfoss, Flowserve, Honeywell International

09-17-2019 11:02 AM CET | Industry, Real Estate & Construction

Press release from: ReportsWeb



The Europe HVAC Valves market accounted for US$ 1240.62 Mn in 2017 and is expected to grow at a CAGR of 4.6% over the forecast period 2018-2027, to account for US$ 1845.2 Mn in 2027.

Factors including stringent regulations enforced by governments on energy-efficient buildings driving the Europe HVAC Valves market. The residential sub-sector remains the largest consumer of energy at a global level. Building energy codes, or energy standards for buildings, are the key policy instrument used by governments to limit buildings' pressure on the energy sector and environment while providing occupants with comfort and modern living conditions. Effective building energy codes consist of a set of mandatory requirements designed to reduce the energy consumption of buildings. Building energy codes have been instrumental in reducing the overall energy consumption of the residential buildings stock over the last twenty years. The market players are focusing on various initiatives to enhance its reach to rural areas and boost its position in the Europe HVAC Valves market.

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Some of the players present in HVAC Valves market are AVK Group A/S , Belimo Holding AG, Danfoss A/S, Flowserve Corporation, Honeywell International Inc., Johnson Controls International Plc., Mueller Industries, Inc., Samson Controls, Inc., Schneider Electric SE, and Siemens AG among others.

The Europe HVAC Valves market is fragmented with the presence of several industries and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the Europe HVAC Valves market further. For instance, Europe is the region with the largest number of smart city projects. As many as 250 smart city projects globally in more than 178 cities around the world with the majority focusing on government and energy initiatives, followed by transport, buildings, and water goals. As sensor technology improves and costs decrease, smart city technologies are becoming more efficient, higher performing, and cheaper than ever before. In Europe, a significant driver for smart cities is the European Commission, which launched the European Innovation Partnership on Smart Cities and Communities (EIPSCC) in 2012. These initiative provide various benefits to the HVAC valves manufacturing companies located in the region. These initiatives are implemented to enhance the technologies that positively impact on the Europe HVAC Valves market. These initiative provide various benefits to the HVAC Valves based companies located in the region thus, increasing the growth of Europe HVAC Valves markets. This is further expected to provide the Europe HVAC Valves market players to cope up with the rapidly transforming industrial requirement. This initiative provides multiple benefits to the companies present in this region and thus increasing the growth of Europe HVAC Valves market.

On the basis of product, the Pressure Independent Valve segment is leading the Europe HVAC Valves market. However, the ball valve segment are anticipated to grow at a highest CAGR. Pressure independent control valves integrate dynamic balancing as well as control functions in a single product. These valves are highly responsive to pressure changes for maintaining the required flow in the pipe. Pressure independent control valves reduce first cost with lower cost, smaller, equipment capacity, and smaller piping size. They also eliminate the need for expensive and complex reverse return piping. They greatly reduce the labor of testing, adjusting and balancing. Currently, the market players are looking ahead to support Europe HVAC Valves industry by innovating advanced technological components.

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