Jersey City, New Jersey, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “District Heating Valves Market” By Type (Ball Valves, Gate Valves, Monoblock & Short Valves, Butterfly Valves), and By Geography. According to Verified Market Research, the Global District Heating Valves Market size was valued at USD 10,683.66 Million in 2020 and is projected to reach USD 14,563.44 Million by 2028, growing at a CAGR of 4.09% from 2021 to 2028.
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Browse in-depth TOC on “District Heating Valves Market”
202 - Pages
126 – Tables
37 – Figures
Global District Heating Valves Market Overview
In district heating, these valves play a crucial part in the heating transport and distribution center & substation for controlling the system connection. These valves are used in sectioning the district heating which helps in regular servicing, maintenance, and repairs instead of entire shutting off of the entire system. Ball valves, butterfly valves, monoblock & short valves, and gate valves are some of the prominently used district heating valves. The ball valve has gained an irreplaceable position in the district heating systems and is the most used valve type. This is mainly due to its long service life, even when the valve is not in use for a long time and reliable sealing as compare to other valves. There is significant demand for the for-heating system across the globe, which is driving the demand for district heating solutions.
The growth of the market is mainly accounted to increasing demand for energy-efficient and cost-effective heating systems. Environmental benefits of using district heating when compared to the fossil fuel district heating is pushing the adoption in various countries. Stringent government regulation pertaining to carbon emissions coupled with the ongoing adoption of heating systems will further drive the district heating valve market. District heating with combined heat and power (CHPDH) emerges as one of the most economic ways to reduce carbon emissions, which is promoting its adoption in various developed and developing nations. The growth of this market is further fueled owing to rapid adoption in the smart cities, with the growing population in the prominent cities resulting in global warming. Thus, there exists an urgent need for an efficient energy usage system such as district heating. The District heating and cooling systems (DES) offer centralized heating and cooling to buildings in the smart city that are connected to and powered by localized utility facilities.
The market is expected to grow at a robust rate owing to booming demand for solar district heating, thus, requiring different valves for efficient controlling of the system connection. Furthermore, due to environmental concerns, a majority of industries and government bodies are replacing conventional district heating systems with solar district heating. Advanced infrastructural developments such as smart cities and planned constructions, coupled with soaring investments in the installation of green building structures present substantial opportunities for district heating valve providers as new buildings require heating systems. On the flip side, the high cost of the raw materials as well as the higher cost incurred for manufacturing of the precise components is hampering the market growth.
Key Developments
- KE KELIT NZ Announce exclusive distributors for BROEN Valve Technologies with BROEN BALLOFIX® and BALLOFIX® FullFlow branded products in New Zealand in Kristiansand.
- World-Valve B.V., a part of AVR group to AVK Industrial Nederland B.V, which shall provide valves, fittings and valve accessories.
Key Players
The major players in the market are Danfoss, Broen (Aalberts), AVK Group, Samson, Klinger, COMEVAL VALVE SYSTEMS, Böhmer GmbH, and others.
Verified Market Research has segmented the Global District Heating Valves Market On the basis of Type, and Geography.
- District Heating Valves Market, By Type
- Ball Valves
- Gate Valves
- Monoblock & Short Valves
- Butterfly Valves
- Others
- District Heating Valves Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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