North America Pressure Regulating Valves Market Set to Hit USD 1.29 Billion by 2032

According to a recent market study by Future Market Insights (FMI), the North America Pressure Regulating Valves (PRV) Market is projected to grow at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2032, reaching a market valuation of USD 1,293.5 million by the end of the forecast period.

The increasing focus on water conservation, energy efficiency, and infrastructure modernization has significantly fueled the demand for pressure regulating valves across residential, commercial, and industrial sectors in the United States and Canada.

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Market Overview and Growth Drivers

Pressure-regulating valves have become a cornerstone in domestic water distribution networks, especially in high-demand settings. The growing adoption of direct-acting pressure-reducing valves to manage downstream pressure is a defining trend, driven by their ability to offer robust, dirt-tolerant, and energy-efficient solutions that prevent overpressure damage.

The COVID-19 pandemic further spurred the demand as homeowners across the region increased investments in home renovations and remodeling, a trend that remains strong. Retrofitting legacy valve systems with advanced PRVs has become a key approach in upgrading old infrastructures and aligning them with modern water-efficiency standards.

USA Leads with More than 75% Market Share

The USA dominates the North American PRV market with over 75% of market value and volume share. The country's steadily increasing housing units and large-scale construction projects are fueling demand. In 2021 alone, the construction industry in the U.S. was valued at around USD 1.6 trillion, with an additional USD 100 billion in new construction spending projected through the end of 2022.

Multi-story residential buildings, in particular, are emerging as high-density zones for PRV installations. The need to regulate municipal water pressure to safer levels within individual apartments is enhancing PRV uptake, especially of direct-acting valves, which account for more than 55% of the market revenue.

Canada: Rising Star with Strong Growth Metrics

While the U.S. holds a dominant position, Canada is gaining ground, projected to add over USD 109.6 million in absolute market opportunity by 2032. The country's construction industry contributes around 7.5% to its GDP, with residential infrastructure seeing a rapid upsurge.

According to Statistics Canada, the residential building construction price index rose 18.1% in 2021, signaling the boom in housing projects. This growth is expected to translate into greater adoption of PRVs, especially in retrofits and new multifamily developments.

Apartments and Direct-Acting Valves Fuel Segmental Growth

From an application standpoint, apartments and condominiums account for 55% of the total PRV market. These units rely on PRVs to maintain consistent water pressure and protect plumbing infrastructure. Meanwhile, direct-acting valves are the preferred choice due to their immediate response to downstream pressure changes and superior performance.

Their market traction is set to increase throughout the forecast period, thanks to features like ease of installation, operational reliability, and compatibility with smart building systems.

Competitive Landscape: Innovation and Strategic Moves

The competitive landscape of the North American PRV market is intensifying with key players such as Danfoss A/S, Zurn Water Solutions, Parker Hannifin, Apollo Valves, and Watts Water Technologies investing in product innovation and strategic expansion.

For instance, in February 2022, Zurn Industries, LLC launched the Zurn Wilkins 500XL3 Pressure Reducing Valve, a product equipped with a patented integral venturi that enhances flow performance-setting a new benchmark for competitive performance and energy savings in PRV technology.

Strategic Outlook: Future Opportunities and Market Readiness

The North American market accounts for 20-25% of the global PRV market value, indicating its strategic importance. The ongoing modernization of residential infrastructure, coupled with a surge in retrofitting activities, will likely open up lucrative opportunities for manufacturers.

Moreover, increasing regulatory standards for water efficiency and smart plumbing in new construction will further accelerate adoption.

As the industry transitions into a high-efficiency, compliance-driven era, pressure regulating valves are no longer optional-they're essential.

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About Future Market Insights (FMI)

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