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 US$ 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) | US$ 751.0 Million |
| North America Pressure Regulating Valves Size (2022E) | US$ 782.9 Million |
| Projected Pressure Regulating Valves Market Value (2032F) | US$ 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.
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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 US$ 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.
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In 2021, the market size of the USA construction sector was registered at around US$ 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 US$ 100 bn 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 US$ 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.
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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 |
|
| 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 |
The North America Pressure Regulating Valves is currently valued at US$ 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.
1. Executive Summary | North America Pressure Regulating Valves Market
1.1. North America Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Material 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. North Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (Units) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (Units) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. North Market - Pricing Analysis
6.1. Regional Pricing Analysis By Inlet Pressure
6.2. North America Average Pricing Analysis Benchmark
7. North Market Demand (in Value or Diameter in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. North America GDP Growth Outlook
8.1.2. North America Economic Outlook
8.1.3. North America Residential Sector Growth Outlook
8.1.4. North America Construction Sector Overview
8.1.5. North America Urbanization Growth Outlook
8.1.6. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Investment in Water Management Sector
8.2.2. Impact of COVID
8.2.3. Key Companies Historical Growth Outlook
8.2.4. Urbanization Growth
8.2.5. Other Forecast Factors.
8.3. Value Chain
8.3.1. List of Manufacturers
8.3.2. List of Physical Distributors
8.3.3. Trade Margins/Profit Margins
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Patent Analysis
8.7. Kay Regulations Overview
9. North Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Inlet Pressure
9.1. Introduction / Key Findings
9.2. Historical Market Diameter (US$ Million) and Volume Analysis By Inlet Pressure, 2017 to 2021
9.3. Current and Future Market Diameter (US$ Million) and Volume Analysis and Forecast By Inlet Pressure, 2022 to 2032
9.3.1. Direct Acting
9.3.2. Pilot Operated
9.4. Market Attractiveness Analysis By Inlet Pressure
10. North Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Diameter
10.1. Introduction / Key Findings
10.2. Historical Market Diameter (US$ Million) and Volume Analysis By Diameter, 2017 to 2021
10.3. Current and Future Market Diameter (US$ Million) and Volume Analysis and Forecast By Diameter, 2022 to 2032
10.3.1. Upto 10 bar
10.3.2. 10 to 15 bar
10.3.3. 15 to 20 bar
10.3.4. Above 20 bar
10.4. Market Attractiveness Analysis By Diameter
11. North Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Inlet Pressure
11.1. Introduction / Key Findings
11.2. Historical Market Diameter (US$ Million) and Volume Analysis By Inlet Pressure, 2017 to 2021
11.3. Current and Future Market Diameter (US$ Million) and Volume Analysis and Forecast By Inlet Pressure, 2022 to 2032
11.3.1. 3/8 “
11.3.2. 1/2“
11.3.3. 3/4“
11.3.4. 1”
11.3.5. 1 ¼”
11.3.6. Up to 2“
11.4. Market Attractiveness Analysis By Inlet Pressure
12. North Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use
12.1. Introduction / Key Findings
12.2. Historical Market Diameter (US$ Million) and Volume Analysis By End-Use, 2017 to 2021
12.3. Current and Future Market Diameter (US$ Million) and Volume Analysis and Forecast By End-Use, 2022 to 2032
12.3.1. Apartments
12.3.2. Townhouses
12.3.3. Villas
12.3.4. Condominiums
12.4. Market Attractiveness Analysis By End-Use
13. North Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
13.1. Introduction
13.2. Historical Market Diameter (US$ Million) and Volume Analysis by Region, 2017 to 2021
13.3. Current Market Diameter (US$ Million) and Volume Analysis and Forecast by Region, 2022 to 2032
13.3.1. USA
13.3.2. Canada
13.4. Market Attractiveness Analysis by Region
14. USA Pressure Regulating Valves Market Analysis 2017 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Diameter (US$ Million) and Volume Trend Analysis by Market Taxonomy, 2017 to 2021
14.4. Market Diameter (US$ Million) and Volume Forecast by Market Taxonomy, 2022 to 2032
14.4.1. By Region
14.4.1.1. North East USA
14.4.1.2. South USA
14.4.1.3. Midwest USA
14.4.1.4. West USA
14.4.2. By Diameter
14.4.3. By Inlet Pressure
14.4.4. By Inlet Pressure
14.4.5. By End-Use
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Diameter
14.5.3. By Inlet Pressure
14.5.4. By Inlet Pressure
14.5.5. By End-Use
14.6. Key Market Participants - Intensity Mapping
14.7. Drivers and Restraints - Impact Analysis
15. Canada Pressure Regulating Valves Market Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Diameter (US$ Million) and Volume Trend Analysis by Market Taxonomy, 2017 to 2021
15.4. Market Diameter (US$ Million) and Volume Forecast by Market Taxonomy, 2022 to 2032
15.4.1. By Diameter
15.4.2. By Inlet Pressure
15.4.3. By Inlet Pressure
15.4.4. By End-Use
15.5. Market Attractiveness Analysis
15.5.1. By Diameter
15.5.2. By Inlet Pressure
15.5.3. By Inlet Pressure
15.5.4. By End-Use
15.6. Key Market Participants - Intensity Mapping
15.7. Drivers and Restraints - Impact Analysis
16. Market Structure Analysis
16.1. Market Analysis by Tier of Companies (Pressure Regulating Valves)
16.2. Market Share Analysis of Top Players
16.3. Market Presence Analysis
17. Competition Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Competition Deep Dive
17.3.1. Watts
17.3.1.1. Overview
17.3.1.2. Product Portfolio
17.3.1.3. Profitability by Market Segments (Product/Channel/Region)
17.3.1.4. Sales Footprint
17.3.1.5. Strategy Overview
17.3.2. Caleffi S.p.a.
17.3.2.1. Overview
17.3.2.2. Product Portfolio
17.3.2.3. Profitability by Market Segments (Product/Channel/Region)
17.3.2.4. Sales Footprint
17.3.2.5. Strategy Overview
17.3.3. Resideo Technologies Inc.
17.3.3.1. Overview
17.3.3.2. Product Portfolio
17.3.3.3. Profitability by Market Segments (Product/Channel/Region)
17.3.3.4. Sales Footprint
17.3.3.5. Strategy Overview
17.3.4. Emerson Electric Co.
17.3.4.1. Overview
17.3.4.2. Product Portfolio
17.3.4.3. Profitability by Market Segments (Product/Channel/Region)
17.3.4.4. Sales Footprint
17.3.4.5. Strategy Overview
17.3.5. Zurn Water Solutions
17.3.5.1. Overview
17.3.5.2. Product Portfolio
17.3.5.3. Profitability by Market Segments (Product/Channel/Region)
17.3.5.4. Sales Footprint
17.3.5.5. Strategy Overview
17.3.6. Apollo Valves
17.3.6.1. Overview
17.3.6.2. Product Portfolio
17.3.6.3. Profitability by Market Segments (Product/Channel/Region)
17.3.6.4. Sales Footprint
17.3.6.5. Strategy Overview
17.3.7. Reliance Worldwide Corporation
17.3.7.1. Overview
17.3.7.2. Product Portfolio
17.3.7.3. Profitability by Market Segments (Product/Channel/Region)
17.3.7.4. Sales Footprint
17.3.7.5. Strategy Overview
17.3.8. Danfoss A/S
17.3.8.1. Overview
17.3.8.2. Product Portfolio
17.3.8.3. Profitability by Market Segments (Product/Channel/Region)
17.3.8.4. Sales Footprint
17.3.8.5. Strategy Overview
17.3.9. Bradley Corporation
17.3.9.1. Overview
17.3.9.2. Product Portfolio
17.3.9.3. Profitability by Market Segments (Product/Channel/Region)
17.3.9.4. Sales Footprint
17.3.9.5. Strategy Overview
17.3.10. Pegler Yorkshire
17.3.10.1. Overview
17.3.10.2. Product Portfolio
17.3.10.3. Profitability by Market Segments (Product/Channel/Region)
17.3.10.4. Sales Footprint
17.3.10.5. Strategy Overview
17.3.11. ESBE Group
17.3.11.1. Overview
17.3.11.2. Product Portfolio
17.3.11.3. Profitability by Market Segments (Product/Channel/Region)
17.3.11.4. Sales Footprint
17.3.11.5. Strategy Overview
17.3.12. Leonard Valve Company
17.3.12.1. Overview
17.3.12.2. Product Portfolio
17.3.12.3. Profitability by Market Segments (Product/Channel/Region)
17.3.12.4. Sales Footprint
17.3.12.5. Strategy Overview
17.3.13. IMI PLC
17.3.13.1. Overview
17.3.13.2. Product Portfolio
17.3.13.3. Profitability by Market Segments (Product/Channel/Region)
17.3.13.4. Sales Footprint
17.3.13.5. Strategy Overview
17.3.14. AMOT (Allied Motion Technologies)
17.3.14.1. Overview
17.3.14.2. Product Portfolio
17.3.14.3. Profitability by Market Segments (Product/Channel/Region)
17.3.14.4. Sales Footprint
17.3.14.5. Strategy Overview
17.3.15. Other Prominent Players
Note: The list of companies is subject to refinement and augmentation during the course of research
18. Assumptions and Acronyms Used
19. Research Methodology
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North America Pressure Regulating Valves Market
