According to the report, the Balancing Valves market is expected to grow from USD 502 million in 2019 to USD 627 million by 2026, growing at a CAGR of 3.25% from 2019 to 2026.
Market Overview
The global Balancing Valves market is estimated to be USD 502 million in 2019 and is expected to reach USD 627 million by 2026, with a CAGR of 3.25% during the forecast period.
The growing demand of valves from oil & gas production-related facilities in the GCC countries, rising demand for energy in APAC, and increasing focus on smart cities in developing nations are the major factors driving the growth of Balancing Valves market.
A balancing valve is a measurement and regulation device. Balancing valves are used in pressurized piping applications, such as HVAC and gas movement applications.
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Competitive Insights
Key players operating in this market include IMI Hydronic, Honeywell, Danfoss, Oventrop, Frese A/S, Caleffi, VIR Group, Crane Fluid Systems, IVAR Group, Armstrong, Grinnell, Nibco, Zhengfeng Valve, Shanghai QIGAO, Shanghai Outelai, Shanghai NEEINN, and Hebei Balance-Valve.
Regional Insights
The three major consumption markets are North America, Europe, and the Asia Pacific, accounted for 88.93%. The Asia Pacific is the leading market at a share of 32.57%, followed by Europe and North America with a share of 28.69% and 27.67%.
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l Automatic Balancing Valves
l Manual Balancing Valves
Application Insights
l Hot Water System
l Steam Heating System
l Others
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Audience
l Balancing Valves manufacturers
l Distributors and resellers of Balancing Valves
l Balancing Valves industry associations
l Product managers, Balancing Valves industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Balancing Valves
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