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The North America Thermostatic Mixing Valves Market's Top Manufacturers To Go The Hybrid Model Ways At A CAGR Of 4.2% From 2022-2032
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Companies manufacturing thermostatic mixing valves are looking to expand their production capacities, which will help them enter growing market places and reduce lead times. Expansion of manufacturing capacity and increasing capacity utilization rates are anticipated to have a favorable impact on market growth
Growing investments for infrastructure development and rising awareness regarding scalding injuries have created a huge opportunity for manufacturers of thermostatic mixing valves. Government initiatives and investments toward residential construction, besides commercial construction, have also boosted demand for thermostatic mixing valves.
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Key Takeaways from Market Study
• The North America thermostatic mixing valves market is moderately consolidated, with leading players accounting for over 45% market share.
• Based on application, the residential segment is projected to hold more than ½ share of the in 2022.
• The U.S. is anticipated to remain a prominent market for thermostatic mixing valves, accounting for more than 3/4 demand in 2022.
• Based on valve type, emergency, point-of-use, and standard valves are projected to hold considerable shares in the market.
• Revenue generation from the thermostatic mixing valves in North America is projected to reach US$ 682.1 Mn by the end of 2032.
Competitive Landscape
The North American thermostatic mixing valves market is moderately consolidated among leading manufacturers. Prominent players in the market are actively investing a significant share of their turnover in continuous product development, which is an important tool to differentiate themselves from competitors and position themselves in a high-quality niche
Some of the key manufacturers of thermostatic mixing valves are Reliance Worldwide Corporation, Watts Water Technologies, Danfoss A/S, Zurn, Misumi Corporation, and Bradley Corporation.
Conclusion
Valves with automatic temperature adjustment have gained popularity amongst end users in recent times. The advantage associated with these valves are enhanced safety and lesser overall operating & maintenance costs. This has enhanced demand for thermostatic mixing valves across the continent.
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