According to Future Market Insights (FMI), between 2022 and 2032, the North America market for Pressure Regulating Valves will grow at a CAGR of 5.1%, reaching a valuation of USD 1,293.5 Million in 2032.
Pressure-regulating valves are widely used in domestic water distribution systems, in which direct-acting pressure-reducing valves are often recommended as maintaining system pressure can be very difficult under high-demand conditions.
Pressure-reducing valves are used in these lines to effectively regulate the downstream pressure to acceptable limits. In the USA and Canada, Pressure Regulating Valves market growth is driven by the strength of the residential repair and remodeling markets.
Following the outbreak of COVID-19, the trend for increased spending on home improvement is on the high rise and is to be continued throughout the forecast period, which will boost the pressure regulating valve market in North America.
| Report Attributes | Details |
|---|---|
| North America Pressure Regulating Valves Size (2021A) | USD 751.0 Million |
| North America Pressure Regulating Valves Size (2022E) | USD 782.9 Million |
| Projected Pressure Regulating Valves Market Value (2032F) | USD 1,293.5 Million |
| Value CAGR (2022 to 2032) | 5.1% |
The USA is expected to account for the dominant share owing to the rise in construction industry valuation and a growing number of multi-story buildings where consumption of Pressure Regulating Valves is high. Hence, the USA is estimated to hold more than 75% of the market value and volume share collectively in the North American market.
North America Pressure Regulating Valves account for 20 to 25% of the global Pressure Regulating Valves market on a value basis.
According to historical data from 2017 to 2021, the market for Pressure Regulating Valves increased by volume at a CAGR of 1.4%. The estimated global market demand for these valves in 2022 is estimated at USD 782.9 Million.
According to the research, the USA ranked as the 39th country in the world in terms of infrastructure investment in 2019. The growing number of housing units in the USA and the registered annual growth in the Canadian construction industry are the major factors responsible for the steady growth of the North American market during the historical period.
According to research, the year-on-year change in the growth of America’s Pressure Regulating valves for 2021 is 3.4%, the reason being numerous new product innovations and increased spending in research and development by key market participants and adherence to stringent government regulations.
In accordance with the above factors, the functional features of the pressure regulating valves, which include robustness, dirt tolerance, energy efficiency, and preventing overpressure, are the important aspects that are driving the market during the forecast period between 2022 and 2032.
Direct-acting pressure regulating valves is ideal solutions for precision control of flow rate or pressure. This is boosting the market growth of Pressure Regulating Valves in the North American region.
The drive to install pressure-reducing valves is also related to the retrofitting of a number of pre-existing valves to make them more water and energy-efficient, and to a lesser extent, in new infrastructure and renovation of multifamily residential buildings.
Key market participants are transforming into industry leaders by developing innovative solutions for these markets that seek to comply with rigorous third-party regulations, meet new building and plumbing standards, and meet project and program requirements.
In 2021, the market size of the USA construction sector was registered at around USD 1.6 trillion and it is projected to increase further in the coming years.
In addition to this, in the North American region, the construction of the multi-story building shows a considerable record, which is seen as a way to provide a high density for the installation of pressure regulating valves in these buildings, which help to regulate or reduce the pressure of water from the city mains to provide a lower, more functional pressure for distribution in each of the apartments.
Hence, these factors are estimated to emerge as an opportunity to boost the growth of the pressure-regulating valve market.
The USA is expected to hold more than 75% of the North American market by 2032 and is estimated to grow with a CAGR of 5.1% through the forecast period.
The USA population is rising steadily manner hence fueling the trend of the new home construction market. According to the USA Department of Commerce, the number of housing units in the USA has been growing year after year. In 2021, the housing units increased by one million as compared to the year 2020.
In addition to this, USA new building construction spending is expected to grow by more than USD 100 billion by the end of 2022. Hence, retrofit in Infrastructure renovation and new building construction will remain the primary growth factors for the targeted market in the USA region.
Canada is expected to gain 110 bps points between 2022 and 2032 and is set to create an absolute dollar opportunity worth more than USD 109.6 million during the same period.
The construction industry in Canada is a dynamic industry that contributes significantly to the economy, accounting for 7.5% of Canada’s gross domestic product.
According to Statistics Canada, the residential building construction price index rose by 18.1 percent in 2021 as Canada is one of the fastest-growing countries in terms of residential sector infrastructure. A growing population and the rising needs of the residential sector are estimated to create significant opportunities for the market in the forecast period.
On the basis of the end-user segment, Apartments, and condominiums are expected to account for 55% of the overall market share, and this dominance is expected to continue throughout the forecast period.
The housing market has developed into a crucial economic metric that indicates consumers' purchasing power and the health of the housing industry.
The housing sector, in turn, has an effect on a number of other economic sectors, and as a result, it influences how the targeted market is developing. PRV is used to reduce the pressure of flowing water, steam, or liquid to a predetermined manageable level in residential infrastructure.
On the basis of valve type, direct-acting valves are the most popular pressure-regulating valves among all types. These valves accounted for more than 55% of market revenue in 2022.
One of the biggest benefits of Direct Acting Pressure Regulating Valves is that they are the most popular type owing to their outstanding features like being robust, dirt tolerant, and preventing overpressure.
The necessary flow and pressure are provided by direct-operated pressure regulating valves in order to meet the system set point. They react immediately to changes in downstream pressure.
Manufacturers in the market are following the new product strategy by developing highly innovative products with reduced product costs, which enhances their product portfolio and helps them to gain market compatibility with future market trends.
Key market participants are concentrating on diversifying their product lines through merger and acquisition activities.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value, ‘000 Units for Volume |
| Key Countries Covered | USA & Canada |
| Key Market Segments Covered | By Valve Type, By Inlet Pressure, By Diameter, By End-Use, and By Countries |
| Key Companies Profiled | Danfoss A/S; Reliance Worldwide Corporation; Parker Hannifin; Zurn Water Solutions; Apollo Valves; Watts Water Technologies Company |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 01: North Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Valve Type
Table 02: North Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Inlet Pressure
Table 03: North Market Value (US$ Million) and Volume ('000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Diameter
Table 04: North Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Table 05: North Market Value (US$ Million) and Volume ('000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country
Table 06: USA Pressure Regulating Valves Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Region
Table 07: North Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Inlet Pressure
Table 08: North Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Inlet Pressure
Table 09: North Market Value (US$ Million) and Volume ('000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Diameter
Table 10: North Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Table 11: North Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Inlet Pressure
Table 12: North Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Inlet Pressure
Table 13: North Market Value (US$ Million) and Volume ('000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Diameter
Table 14: North Market Value (US$ Million) and Volume (‘000 Units) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By End Use
Figure 01: North Market Historical Demand, 2017 to 2021
Figure 02: North Market Demand Forecast, 2022 to 2032
Figure 03: North Market Historical Value (US$ Million), 2017 to 2021
Figure 04: North Market Value (US$ Million) Forecast, 2022 to 2032
Figure 05: North Market Absolute $ Opportunity, 2022 to 2032
Figure 06: North Market Share and BPS Analysis by Valve Type- 2022 & 2032
Figure 07: North Market Y-o-Y Growth Projections by Valve Type, 2021 to 2032
Figure 08: North Market Attractiveness by Valve Type, 2022 to 2032
Figure 09: North Market Share and BPS Analysis by Inlet Pressure - 2022 & 2032
Figure 10: North Market Y-o-Y Growth Projections by Inlet Pressure, 2021 to 2032
Figure 11: North Market Attractiveness by Inlet Pressure, 2022 to 2032
Figure 12: North Market Share and BPS Analysis by Diameter - 2022 & 2032
Figure 13: North Market Y-o-Y Growth Projections by Diameter, 2021 to 2032
Figure 14: North Market Attractiveness by Diameter, 2022 to 2032
Figure 15: North Market Share and BPS Analysis by End Use- 2022 & 2032
Figure 16: North Market Y-o-Y Growth Projections by End Use, 2021 to 2032
Figure 17: North Market Attractiveness by End Use, 2022 to 2032
Figure 18: North Market Share and BPS Analysis by Country- 2022 & 2032
Figure 19: North Market Y-o-Y Growth Projections By Country, 2021 to 2032
Figure 20: North Market Attractiveness By Country, 2022 to 2032
Figure 21: USA Pressure Regulating Valves Market Share and BPS Analysis by Region - 2022 & 2032
Figure 22: USA Pressure Regulating Valves Market Y-o-Y Growth Projections by Region, 2021 to 2032
Figure 23: USA Pressure Regulating Valves Market Attractiveness by Region, 2022 to 2032
Figure 24: North Market Share and BPS Analysis by Inlet Pressure- 2022 & 2032
Figure 25: North Market Y-o-Y Growth Projections by Inlet Pressure, 2021 to 2032
Figure 26: North Market Attractiveness by Inlet Pressure, 2022 to 2032
Figure 27: North Market Share and BPS Analysis by Inlet Pressure - 2022 & 2032
Figure 28: North Market Y-o-Y Growth Projections by Inlet Pressure, 2021 to 2032
Figure 29: North Market Attractiveness by Inlet Pressure, 2022 to 2032
Figure 30: North Market Share and BPS Analysis by Diameter - 2022 & 2032
Figure 31: North Market Y-o-Y Growth Projections by Diameter, 2021 to 2032
Figure 32: North Market Attractiveness by Diameter, 2022 to 2032
Figure 33: North Market Share and BPS Analysis by End Use- 2022 & 2032
Figure 34: North Market Y-o-Y Growth Projections by End Use, 2021 to 2032
Figure 35: North Market Attractiveness by End Use, 2022 to 2032
Figure 36: North Market Share and BPS Analysis by Inlet Pressure- 2022 & 2032
Figure 37: North Market Y-o-Y Growth Projections by Inlet Pressure, 2021 to 2032
Figure 38: North Market Attractiveness by Inlet Pressure, 2022 to 2032
Figure 39: North Market Share and BPS Analysis by Inlet Pressure - 2022 & 2032
Figure 40: North Market Y-o-Y Growth Projections by Inlet Pressure, 2021 to 2032
Figure 41: North Market Attractiveness by Inlet Pressure, 2022 to 2032
Figure 42: North Market Share and BPS Analysis by Diameter - 2022 & 2032
Figure 43: North Market Y-o-Y Growth Projections by Diameter, 2021 to 2032
Figure 44: North Market Attractiveness by Diameter, 2022 to 2032
Figure 45: North Market Share and BPS Analysis by End Use- 2022 & 2032
Figure 46: North Market Y-o-Y Growth Projections by End Use, 2021 to 2032
Figure 47: North Market Attractiveness by End Use, 2022 to 2032
The North America Pressure Regulating Valves is currently valued at USD 782.9 Million (2022).
Pressure Regulating Valves sales are projected to soar between 2022 and 2032 at a value CAGR of about 5.1%.
Tier-1 companies include Danfoss A/S, Watts Water Technologies, Resideo Technologies Inc, RWC, and Zurn Water Solutions account for a prominent share of the market share for Pressure Regulating Valves
The Direct Acting segment has the largest share among the types of Valves in the Pressure Regulating Valves market, accounting for nearly 60.5% of the market by volume in 2022.
Apartments and Condominiums are estimated to account for about 59% of the total market share in 2022.
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North America Pressure Regulating Valves Market
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