Press release
Hydronic Balancing Valves Market in North America Market Trend, Opportunities, Key Players, Growth Factors, Revenue Analysis, 2023-2031
The North America Hydronic Balancing Valves Market was valued at US$ 345.75 million in 2023 and is expected to reach US$ 545.01 million by 2031; it is estimated to register a CAGR of 5.9% from 2023 to 2031.Get Exclusive Sample PDF @: https://www.businessmarketinsights.com/sample/BMIRE00031068?utm_source=OpenPr&utm_medium=10640
Consumer preference for energy-efficient appliances has been growing in recent times. Energy efficiency can provide long-term benefits by reducing overall electricity demand by lowering the need to invest in new infrastructure for electricity generation and transmission. It also contributes to the diversification of utility resource portfolios and can act as a buffer against the risk of volatile energy procurement expenditure. To attain energy efficiency, many manufacturing industries and commercial manufacturing companies are procuring high-efficiency HVAC systems. An efficient HVAC system utilizes less energy and operates more effectively than conventional systems, lowering the carbon footprint. In hydronic systems, the balancing valves facilitate the distribution of chilled or heated water to all terminals.
Analysis of the Top Market Players:
1. Caleffi S.p.a.
2. Danfoss AS
3. Global Flow Products LLC
4. HAYS FLUID CONTROLS
5. Johnson Controls International Plc
6. Oventrop GmbH & Co. KG
7. Red-White Valve Corp.
8. Victaulic Company
9. Xylem Inc.
In this report, the market has been segmented on the basis of:
Type (Static Balancing Valves, Fixed-Orifice Balancing Valves, Automatic Balancing Valves, and Pressure-Independent Flow Control Valves)
Connection Type (Flanged, Threaded, and Others)
Size (Less then 5 Inches, 6-10 Inches, 11- 20 Inches, and Above 20 Inches)
Application (Residential, Commercial, and Industrial)
Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.businessmarketinsights.com/reports/north-america-hydronic-balancing-valves-market
The growing application of HVAC (Heating, Ventilation, and Air Conditioning) systems in air conditioning and heat pumps for achieving energy and growing implementation of energy efficiency standards for public buildings are boosting the demand for HVAC systems in various industrial and commercial sectors. Furthermore, growing initiatives of state and local governments are promoting energy efficiency programs and policies for public facilities, equipment usage, and government operations, which is boosting the application of HVAC systems. For instance, the renewable portfolio standard for New York was developed and implemented in 2004 and was expanded by Governor Cuomo's Clean Energy Standard (CES) in 2016. The CES has set a target of ~40% and approximately 80% reduction in greenhouse gas emissions by 2030 and 2050, respectively. One of the US states such as North Carolina has implemented renewable energy standards (RES) and the Zero-Emissions Credit (ZEC) requirement to lower carbon emissions. The main energy consumers in municipal-level operations are often the water and wastewater treatment facilities.
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