26 June 2019 –
The Global Automatic Balancing Valves Market is
expected to grow at a significant CAGR in the upcoming period as the scope and
its applications are rising enormously across the globe. Automatic balancing
valves (ABVs) are pressure sovereign and keep the water flow constant,
irrespective of pressure changes.
The factors that are playing a major role in the growth of
automatic balancing valves market are easy to use and no maintenance required,
cost-efficient, enhanced indoor comfort, the rising demand from end-users, and
it reduces water erosion and noise. However, the presence of substitutes and
lack of good hydronic balancing may restrain the overall market in the years to
come. The market is segmented based on type, material, integrated service,
application and region.
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Globally, Asia Pacific accounted for the significant share
of automatic balancing valves industry and is estimated to lead the overall
market in the years to come. The reason behind the overall market growth could
be the presence of key manufacturers in the region and the rising demand from
end-users. The developing countries like India and China are the major
consumers of automatic balancing valves in this region.
North America and Europe are also estimated to have a
positive influence on future growth. North America is the second largest region
with significant market share. The United States is a major consumer of
automatic balancing valves in this region. However, Europe is estimated to grow
at the highest CAGR in the forecast period.
The key players of automatic balancing valves market are
Nibco, IMI Hydronic, Grinnell, Danfoss, Armstrong, Frese A/S, Honeywell,
Caleffi, IVAR Group, VIR Group, Oventrop, and Crane Fluid Systems. These
players are concentrating on inorganic growth to sustain themselves amidst
fierce competition.
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