Guarding Water Safety: Backflow Preventers Market Analysis Spotlighting Marketing Strategies, Product Launches, and Emerging Trends Shaping 2033

In 2022, it is predicted that the market for backflow preventers would be worth US$8.7 billion. The market is expanding as businesses offer technologically upgraded backflow preventers made from cutting-edge raw materials like polymers, ductile iron, and stainless steel. According to estimates, the market would generate US$ 13.8 billion in 2033, with a CAGR of 4.5% between 2023 and 2033. In 2023, the market is anticipated to generate US$ 8.9 billion.

But after the second quarter of the fiscal year, operations for developing water infrastructure-with the exception of a few nations-have picked up speed. Despite the industry's recovery, the market for backflow preventers still has excellent short- and long-term growth possibilities.

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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 a 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 to 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 a 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 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

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"Stringent laws implemented to ensure safe drinking water are expected to give impetus to the backflow preventer market. In addition to this, innovation of new connected backflow preventers will enable the market 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.

Key Companies Profiled:
• Watts Water Technology Company
• Emerson Electric Co.
• Honeywell International Inc.
• Conbraco Industries
• Zurn Industries LLC
• Caleffi S.p.a.
• Hans Sasserath GmBH & Co, KG
• W. W. Grainger Inc
• Talis Management Holding GmBH
• A. R. I. Flow Control

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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)

Explore This Report From Different Publications:
1)https://www.prnewswire.com/news-releases/backflow-preventers-market-is-expected-to-grow-at-a-cagr-of-over-3-during-2019-to-2029--future-market-insights-300850580.html

2)https://www.digitaljournal.com/pr/news/future-market-insights/backflow-preventers-market-global-revenue-growth-expectations-in-the-near-future

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Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

This release was published on openPR.