NEWARK, Del, May 08, 2023 (GLOBE NEWSWIRE) -- In 2033, the global Pressure Reducing Valves Market is expected to be worth US$ 3746.9 Million, according to Future Market Insights (FMI). Global pressure-reducing value demand is anticipated to grow at a 4.7% CAGR during the projection period.
Increasing applications of pressure reducing values across industrial sector will drive the global market forward.
Similarly, increasing demand for energy-efficient and sustainable systems is likely to create a need for pressure-reducing valves.
Pressure reducing valves are designed to maintain a consistent flow rate and reduce energy consumption. As a result, these valves are becoming ideal tools for industries looking to reduce their carbon footprint and comply with environmental regulations.
Growing demand for pressure-reducing valves for residential and commercial applications is likely to bolster sales through 2033.
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Pressure reducing values are being used in residential and commercial applications to regulate water pressure and protect plumbing systems from damage caused by high water pressure.
Pressure reducing valves are installed on the main water supply line to regulate the water pressure throughout the building. They ensure that the pressure is at a safe and consistent level for all fixtures and appliances.
Key Takeaways:
- Global demand for pressure reducing valves is likely to rise at 4.7% CAGR through 2033.
- By material type, stainless steel segment is expected to reach a valuation of US$ 1,666.6 Million by 2033.
- Based on end use, industrial segment is anticipated to account for around 82.4% of the global market in 2023
- By operating pressure, 50 to 200 Psig segment is estimated to hold about 49.3% market share in 2023.
- The United States pressure reducing valves market size is forecast to reach US$ 507.6 Million by 2033.
- Pressure reducing valve sales in China is likely to soar at 3.9% CAGR through 2033.
- South Korea market is poised to exhibit a CAGR of 5.1% CAGR from 2023 to 2033.
‘Changing end user requirements has created high demand for advanced, energy-efficient, and sustainable systems. As a result, key manufacturers are aiming at developing novel products integrated with smart technologies. Several start-up companies are also entering into the market making it highly competitive,’ says an analyst at Future Market Insights (FMI).
Who is Winning?
Emerson Electric Co., Parker Hannifin Corporation, Watts Water Technologies, Xylem Inc., and Honeywell International are the top manufacturers of pressure reducing valves profiled in the report.
These companies are focusing on developing innovative and technologically advanced solutions to meet end user demand. They are also using strategies such as partnerships, alliances, mergers, and acquisitions to expand their presence.
Recent Developments:
- In 2022, Zurn Industries, LLC introduced a new compact and lightweight pressure reducing valve (Zurn Wilkins 500XL3).
Find More Valuable Insights
The research report analyzes the market demand trends for pressure-reducing valves. The global market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of pressure-reducing valves.
As per Future Market Insights’ research scope, the pressure-reducing valves market has been studied and segmented on the basis of product, material type, operating pressure, application, and end-use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.
Market Segmentation:
By Product Type:
- Direct Acting
- Residential
- Commercial
- Industrial
- Pilot Operating
By Material Type:
- Cast Steel
- Stainless Steel
- Carbon Steel
- Cast Iron
- Ductile Iron
- Bronze
- Plastics
- Others
By Operating Pressure:
- 50 to 200 Psig
- 201 to 500 Psig
- 501 to 800 Psig
- Above 800 Psig
By Application:
- Gas
- Steam
- Liquid
By End Use:
- Residential
- Commercial
- Industrial
- Power Generation
- Pharmaceuticals
- Pulp and Paper
- Chemicals
- Food and Beverages
- Oil and Gas
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Russia & Belarus
- Balkan & Baltics
- Central Asia
- East Asia
- South Asia Pacific
- Middle East Africa
- Others
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Table of Content (ToC):
1. Executive Summary | Pressure Reducing Values Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark
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