The global backflow preventers market is anticipated at USD 8.7 billion in 2022. The sector is gaining pace as companies provide technologically improved backflow preventers with advanced raw materials like stainless steel, ductile iron, and plastics. The market is estimated to garner USD 13.8 billion in 2033, recording a CAGR of 4.5% from 2023 to 2033. The market is likely to secure USD 8.9 billion in 2023.
| Data Points | Key Statistics |
|---|---|
| Backflow Preventers Market Size Value in 2023 | USD 8.9 billion |
| Backflow Preventers Market Forecast Value in 2033 | USD 13.8 billion |
| Global Growth Rate | 4.5% |
| Forecast Period | 2023 to 2033 |
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From 2018 to 2022, the market for backflow preventers exhibited a 3.7% CAGR. The increasing demand for backflow preventers from the construction industry is expected to boost market growth.
The sales of backflow preventers are influenced by government initiatives in infrastructure development. Backflow preventers are essential in the plumbing industry to maintain the quality of water and are also used in sprinklers and the irrigation industry.
The demand for backflow preventers is high in industries such as water & wastewater, chemical processing, sprinkler & irrigation. The commercial & residential infrastructure also uses backflow preventers for eliminating the risk of water contamination.
The increasing investment in wastewater infrastructure and increased development in the construction sector are creating high growth virtues for the growth in demand for backflow preventers over the forecast period. According to Future Market Insights, the global market value is estimated to reach USD 13.8 billion by 2033.
Growing Research & Development Activities Across the Globe Are Likely to Drive the Market Growth
The demand for backflow preventers from regions such as North America and Europe has increased substantially. The growth is especially witnessed in residential construction projects.
Manufacturers are developing new technologies for manufacturing backflow preventers valve across the globe. Emerging digital technologies with advancements in plumbing technologies have created opportunities for the introduction of new backflow preventer valves with advanced features such as a smart digital display for monitoring the flow rate, working pressure, and others.
Manufacturers are focusing on the launch of new backflow preventer valves using cost-efficient manufacturing techniques and advanced raw materials such as stainless steel, ductile iron, plastic, and other material with various pressure and temperature resistance standard. The raw material is blended with others to improve the characteristic of the final product.
Increasing Investment in Wastewater Treatment Infrastructure is Likely to Drive the Growth of the Backflow Preventers Market
Governments in developing economies are increasingly investing in water infrastructure development. The backflow preventers are installed for protecting a drinking water network against any risk to the population due to possible backflow of contaminated fluid.
Wastewater treatment is gaining importance owing to the changes in the climate globally and the widespread occurrence of droughts. Wastewater treatment is required critically in industrial commercial & residential areas. The growth of wastewater treatment in several endues industries has a positive impact on the backflow preventers market.
The increasing application of backflow preventers devices with a yearly check for maintenance, particularly in a residential application is expected to create growth opportunities for backflow preventers.
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Increased Number of Significant Commercial & Residential Projects in the Region to Drive the Growth of the Backflow Preventers Market in the United States
The global backflow preventers market is expected to be dominated by North America. The market is anticipated to expand at a CAGR of 4.3% over the forecast period. The United States remains one of the lucrative markets for backflow preventers throughout the forecast period owing to the growth in commercial and residential construction projects in the region.
The demand for housing is poised to surge in the region owing to the increased millennial employment and wage growth trend. All these factors create attractive growth opportunities for backflow preventers in the United States. The presence of prominent manufacturers and distributors in the region is further paving the way for growth.
The Rapid Growth of the Construction Industry to Boost the Growth of the Market in Germany
The backflow preventers sales in Germany will keep rising at a steady pace during the forecast period 2023-2033. The growth of the construction industry in the region is likely to drive the growth of the backflow preventers market.
The growing industrialization and urbanization are the major factor driving product demand. Also, the increased rate of residential construction and increased investment in the construction industry is anticipated to increase the demand for backflow preventers in Germany.
Growing Industrialization to Drive the Growth of the Backflow Preventers Market in China
During the assessment period, the backflow preventers market in China is expected to grow at a CAGR of 4.2%. The growth of the market in China is attributed to the increasing investment in construction and wastewater treatment projects. The growing demand for backflow preventers in lawn and garden sprinklers is expected to create a significant opportunity for market growth.
Other factors such as a growing population with an increased disposable income along with rapid urbanization and industrialization, boost the growth of the market in China. The increased water problems and increased demand for a safer water supply are expected to boost product sales in the country.
A large number of global as well as regional players are involved in the manufacturing of backflow preventers. The market players are focusing on targeting key end-use industries such as residential & commercial, chemical processing, irrigation, and wastewater treatment to gain a competitive advantage.
The Atmospheric Vacuum Breaker Segment Generated High Revenue
Based on the product type, the atmospheric vacuum breaker segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a market share of 36.4% during the forecast period.
Simplicity is the main advantage of an atmospheric vacuum breaker, as it has only one moving part it’s very easy to maintain. It does not get affected by changes in water pressure, which makes it useful for areas with fluctuating water pressure.
In terms of unit sales and owing to the lower cost, pressure vacuum breakers and backflow preventers account for a dominant share in share in the present market. In terms of market size, the segment accounts for a minor share of the global backflow preventers market. The reduced pressure zone segment is expected to hold a dominant share in the global backflow preventer market.
A Residential Segment to Gain a Significant Traction
Based on the end-user the backflow preventers market is segmented into residential, commercial & industrial segments. Among all these residential remains the top end-user category expected to expand with a market share of 30.5% throughout the forecast period.
Backflow preventers find an important application in protecting a drinking water network against any risk to the population due to possible backflow of contaminated fluid.
Increasing concerns regarding the health and liability risk related to contaminated drinking water are expected to fuel the demand for backflow preventers in residential water supply during the forecast period. On the other hand, a market share of 29.7% is projected for the industrial segment until 2033.
New players in the backflow preventers market such as Tianjin Tanggu Water – Seal Valve Co Ltd, LIKE valves, and LIKE Valves, among others, are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance
Who are the Leading Players in the Backflow Preventers Market?
Prominent players in the backflow preventers market are Watts Water Technology Company, Emerson Electric Co, Honeywell International Inc, Conbraco Industries, Zurn Industries LLC, Caleffi S.p.a., Hans Sasserath GmBH & Co, KG, W. W. Grainger Inc, Talis Management Holding GmBH, among others.
Leading players operating in the global backflow preventers market are focusing on intensive research and development for launching innovative products and services in the market.
Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.
The market players are also emphasizing offering backflow preventers with high reliability and high performance. The market is benefiting from partnerships with a high focus on innovation.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.5% from 2023 to 2033 |
| Market Value in 2022 | USD 8.9 billion |
| Market Value in 2032 | USD 13.8 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Material Type, End-Use, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Watts Water Technology Company; Emerson Electric Co.; Honeywell International Inc.; Conbraco Industries; Zurn Industries LLC; Caleffi S.p.a.; Hans Sasserath GmBH & Co, KG; W. W. Grainger Inc; Talis Management Holding GmBH; A. R. I. Flow Control |
| Customization & Pricing | Available upon Request |
The market in 2023 is valued at USD 8.9 billion.
By 2033, the market will expand at a 4.5% CAGR.
By 2033, the market will reach USD 13.8 billion.
From 2018 to 2022, the global market exhibited a 3.7% CAGR.
Conbraco Industries, Zurn Industries LLC, Caleffi S.p.a. are some key players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Atmospheric Vacuum Breaker 5.2. Pressure Vacuum Breaker 5.3. Double Check Valve Assembly 5.4. Reduced Pressure Zone 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. Stainless Steel 6.2. Plastic 6.3. Ductile Iron 6.4. Bronze 6.5. Other Materials 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Residential 7.2. Commercial 7.3. Industrial 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Watts Water Technologies Company 16.2. Emerson Electric Co. 16.3. Honeywell International Inc. 16.4. Conbraco Industries Inc. 16.5. Zurn Industries, LLC 16.6. Caleffi S.p.a. 16.7. Hans Sasserath GmbH & Co. KG 16.8. W.W. Grainger, Inc. 16.9. TALIS Management Holding GmbH 16.10. A.R.I. Flow Control 17. Assumptions & Acronyms Used 18. Research Methodology
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Backflow Preventers Market
