Backflow Preventers Market to grow at 3.4% CAGR through 2031: FMI

Backflow preventer sales are set to reach US$ 367.4 Mn in 2021 with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), ESOMAR-certified research and consulting firm. Demand for backflow preventers waned in 2020 due to the recessionary effects of COVID-19 on construction activities, resulting in the deceleration of backflow preventers sales. However, barring a few countries, the water infrastructure development activities have resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate, as well as long-term growth outlook of the backflow preventers market, remains positive.

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Reduced pressure zone-type backflow preventers are expected to lead the market in terms of market value during the forecast period. The segment is expected to hold dominant market share by value throughout the forecast period. This can be attributable to advance operations offered by the category. Their high cost also contributes towards overall revenue generation in the market. Although, in terms of volume, atmospheric vacuum breakers and pressure vacuum breakers are anticipated to lead the market.

A considerable increase in government norms and regulations for the plumbing industry is expected to create growth opportunities. The increasing inclination towards reduced pressure zone backflow preventers in developed and developing countries across the globe is expected to drive the market.

Key Takeaways from Backflow Preventers Market Study

The global backflow preventer market is expected to exhibit 3.7% CAGR between 2021 and 2031
The U.S. is projected to account for over 75% of sales in North America, thanks to increasing residential construction
Increasing focus on wastewater treatment will enable the U.K. to register 1.9% y-o-y growth in 2021
Increasing construction activities will drive growth in Germany and France
Increasing government spending towards wastewater treatment will drive growth in Japan and South Korea
“Stringent laws implemented to ensure safe drinking water is expected to give impetus to the backflow preventer market. In addition to this, the innovation of new connected backflow preventers will enable the market to gain momentum at a steady pace through the forecast period. Competitive price offering, increase in end-user satisfaction in terms of performance, and use of advanced technologies are some of the key strategies implemented by manufacturers operating in the market,” says FMI analyst.

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Backflow preventers Market by Category

Product Type

Atmospheric Vacuum Breaker
Pressure Vacuum Breaker
Double Check Valve Assembly
Reduced Pressure Zone
Material Type

Stainless Steel
Plastic
Ductile Iron
Bronze
Other Materials
End-Use

Residential
Commercial
Industrial
Sprinkler & Irrigation
Water & Wastewater
Chemical Processing
Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
The Middle East and Africa (MEA)
Competitive Landscape

The backflow preventers market is understood to be fairly consolidated, with key players accounting for nearly 60% of the overall market value share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are Honeywell International Inc, Rexnord Corporation, Conbraco Industries Inc., Watts Water Technologies Company, Emerson Electric Co., Caleffi S.p.a., W.W. Grainger, Inc., A.R.I. Flow Control Accessories Ltd, BEULCO GmbH und Co. KG and others.

The backflow preventer market is estimated to witness sound growth during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of water management that meet the personalized requirements of consumers. Collaboration, mergers, and acquisitions with regional companies are some of the key strategies market players are likely to focus on to gain a competitive edge.

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Valuable Insights into Backflow Preventers Market

Future Market Insights brings the comprehensive research report on the backflow preventers market. The study provides compelling insights into the market on basis of various segments. It studies the market in terms of product type (atmospheric vacuum breaker, pressure vacuum breaker, double check valve assembly, and reduced pressure zone), material type (stainless steel, plastic, ductile iron, bronze, and other materials), and end-use (residential plumbing, commercial plumbing, and industrial) across seven regions.

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