Water leakage and wastage have been a global issue. To combat this hurdle, pressure reducing valves are becoming popular. With a 4.70% CAGR from 2024 to 2034, the pressure reducing valve market is poised to scale new heights.
The market valuation is to reach USD 2,484.10 million by 2024. The sales of these valves is en route to grow 1.5x times by 2034 due to increasing global water conservation measures.
| Report Attribute | Details |
|---|---|
| Market Value (2023) | USD 2,186.20 million |
| Market Value (2024) | USD 2,484.10 million |
| Forecast Value (2034) | USD 3,932.20 million |
| Growth Rate (2024 to 2034) | 4.70% |
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Analysts at Future Market Insights opined that when they analyzed the pressure reducing valves market for 4 years, 2019 to 2023, it gained a 1.68% CAGR. With constant advancements in this market, a 4.70% CAGR during 10 years, from 2024 to 2034, is expected.
| Historical CAGR (2019 to 2023) | 1.68% |
|---|---|
| Forecast CAGR (2024 to 2034) | 4.70% |
Predictive maintenance capabilities are one noteworthy breakthrough in the market for pressure reducing valves. Advanced sensors, along with data analytics, are being used by market players to create pressure reducing valves that can predict any problems before they arise.
These smart valves can identify abnormalities and offer early warnings by continually monitoring variables like temperature, pressure, and valve performance.
This enables proactive maintenance to save expensive downtime and increase the valve's lifespan. The market accepts this innovation since it increases dependability and efficiency. Market players can effectively use this as a differentiating tactic in the global market.
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Precision Control in Various Industrial Processes to Push Sales of these Valves
The growing demand for precise control across specialized industrial processes like semiconductor manufacturing as well as pharmaceutical production is one of the key factors propelling the global pressure reducing valve market. Accurate pressure management is necessary in these sectors to preserve ideal conditions for fragile equipment and procedures.
Ultra high precision and stability pressure reduction valves are necessary to guarantee reliable operation and high quality output. Manufacturers are investing in developing specialty valves suited to the particular needs of these specific applications, propelling market expansion in this sector.
Counterfeit Products Leading to Reduced Safety may Stifle Market Growth
Counterfeit goods stifle market expansion by lowering quality and dependability and creating safety issues. Counterfeit pressure reducing valves made using substandard materials and manufacturing techniques may malfunction, leak, or even cause disastrous accidents. This damages the reputation of genuine producers and erodes consumer confidence in the market.
Potential buyers are discouraged from purchasing pressure reducing valves due to safety concerns hindering market growth. Events involving counterfeit valves may increase regulatory attention and tighter quality control protocols, further impeding market expansion.
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This section provides a detailed analysis of two particular market segments for the pressure reducing valve, the dominant product type, and the significant material. The two main segments discussed below are direct acting and stainless steel material.
| Product Type | Direct Acting |
|---|---|
| Market Share in 2024 | 55.20% |
With a probable 55.20% market share in 2024, the direct acting valve may dominate the market by product type. These valves may be used in various settings and applications since they operate simply and require no external power sources.
Various clients, including residential and commercial structures, find their small size and simplicity of installation appealing. Direct acting valves are preferred in this market since they usually require less maintenance and are less expensive.
| Material | Stainless |
|---|---|
| Market Share in 2024 | 48.30% |
Stainless steel valves will be highly preferred, with a 48.30% market share in 2024. In industries with harsh working conditions, hostile media, or stringent sanitary rules, stainless steel valves offer unmatched dependability and performance.
Longer lasting materials are becoming more and more necessary as environmental accountability and long term viability become more and more important. In light of their minimum environmental impact and long term attractiveness, stainless steel valves are a wise choice.
This section will detail the pressure reducing valve markets in key countries, including the United States, Canada, Germany, Spain and Australia. The below section will emphasize the reasons that are pushing growth in each of the regions.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| The United States | 4.50% |
| Canada | 5.90% |
| Germany | 3.30% |
| Spain | 5.10% |
| Australia | 4.50% |
Installation of these valves is mandatory for any housing construction in the United States under the Federal Housing Administration. These are a few of the regulations that require engineers to abide by the regional plumbing codes such as UPC and IPC.
As per these norms, these valves must be fitted if the city's main water pressure exceeds 80 pounds. These factors will push the demand to a 4.50% CAGR through 2034.
These valves are in high demand in Canada due to several causes, including infrastructure upgrades, urbanization, and industrial expansion. The necessity to improve water distribution systems to maintain constant pressure levels and minimize leaks increases with the size of cities.
Mining, manufacturing, and oil and gas industries require these valves to control fluid flow in various operations. Current forecasts indicate that the growth of these valves will garner a 5.90% CAGR through 2034.
For precise fluid management, industries like automotive, industrial, and pharmaceuticals depend on these valves. Pressure reducing valves are essential for maximizing water use and decreasing waste in both industrial as well as municipal contexts.
Interpreting themes from qualitative analysis, there is a strong emphasis on sustainability and effective resource management in Germany which requires more valves. The CAGR is to move to a 3.30% in Germany during the forecast period as a result of this trend.
Pressure reducing valves are necessary for gas distribution networks in Spain to provide a secure and effective gas supply to customers, garnering a 5.1% CAGR through 2034. By controlling the gas pressure as it moves through the distribution network, these valves keep it within safe operating parameters.
This improves safety and dependability across the distribution system by preventing overpressurization, lowering the possibility of leaks or ruptures, and guaranteeing steady gas flow.
In Australia, pressure reducing valves improve natural resource consumption efficiency by improving water distribution systems, surging growth to 4.50% CAGR. By controlling water pressure, these valves reduce leaks and waste in pipes.
They guarantee that water resources are used efficiently, lowering consumption and conserving water, by preserving ideal pressure levels. In Australia's dry regions, this helps lessen the effects of droughts and water scarcity and promotes sustainable resource management.
Market players focus on improving functionality and efficiency via technological breakthroughs and product innovation. Their primary objective is to develop smart and advanced pressure reducing valves that can be remotely monitored and controlled via automation using the Internet of Things.
To further lessen the influence on the environment, eco friendly materials and designs are becoming increasingly important. Manufacturers are looking into new applications, such as renewable energy systems and sustainable infrastructure projects, to broaden their market reach and meet rising requirements.
The key players in this market include:
Key Development by Market Players
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.70% from 2024 to 2034 |
| Market value in 2024 | USD 2,484.10 million |
| Market value in 2034 | USD 3,932.20 million |
| Base Year for Estimation | 2023 |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | USD million for value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Material Type, Operating Pressure, Application, End Use, Region |
| Region Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Xylem Inc.; Spirax Sarco Engineering Plc; CIRCOR International Inc.; Watts Water Technologies Inc.; TLV; Cla Val; Itap Spa; Caleffi S.p.a.; HYDAC; Forbes Marshall; ZOLOTO VALVES; AIRA EURO AUTOMATION PVT. LTD.; Honeywell International; Orkimsan; XMC Pneumatic Co., Ltd; Emerson; Parker Hannifin Corporation; Flowserve Corporation Lowpad B.V. |
| Customisation Scope | Available on Request |
The pressure reducing valve market is to garner a 4.70% CAGR from 2024 to 2034.
By 2024, the global pressure reducing valve market will reach USD 2,484.10 million.
By 2034, the pressure reducing valve market is poised to reach USD 3,932.20 million.
The pressure reducing valve industry in the United States to garner a 4.50% CAGR during the forecast period.
The direct acting pressure reducing valves will gain prominence with a 55.2% market share in 2024.
Stainless steel pressure reducing valve will be in popularity with a 48.30% market share in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product 5.1. High-Pressure Relief Valves 5.2. Medium Pressure Relief Valves 5.3. Low-Pressure Relief Valves 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type 6.1. Cast Steel 6.2. Stainless Steel 6.3. Carbon Steel 6.4. Cast Iron 6.5. Ductile Iron 6.6. Bronze 6.7. Plastics 6.8. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Operating Pressure 7.1. 50 to 200 Psig 7.2. 201 to 500 Psig 7.3. 501 to 800 Psig 7.4. Above 800 Psig 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Gas 8.2. Steam 8.3. Liquid 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Xylem Inc. 20.2. Spirax Sarco Engineering Plc 20.3. CIRCOR International Inc. 20.4. Watts Water Technologies, Inc. 20.5. Honeywell International 20.6. Orkimsan 20.7. XMC Pneumatic Co., Ltd 20.8. Emerson 20.9. Parker Hannifin Corporation 20.10. Flowserve Corporation Lowpad B.V. 21. Assumptions & Acronyms Used 22. Research Methodology
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Pressure Reducing Valve Market
