The global thermostatic mixing valve market size reached USD 1,191.4 million in 2023. Over the forecast period, global sales of thermostatic mixing valves are projected to rise at a 4.8% CAGR. By 2033, the market value is predicted to total USD 1,898.7 million.
Demand is expected to remain high for thermostatic mixing valves with capacities of up to 5 GPM and 5 to 10 GPM. As per the market study on thermostatic mixing valves, the target segments are set to expand at 4.7% and 5.4% CAGRs, respectively, during the assessment period.
| Attributes | Key Insights |
|---|---|
| Base Market Value (2023) | USD 1,191.4 million |
| Projected Thermostatic Mixing Valve Market Value (2033) | USD 1,898.7 million |
| Value-based CAGR (2023 to 2033) | 4.8% |
Market to Expand About 1.6X through 2033
The global market for thermostatic mixing valves (TMVs) is projected to expand around 1.6X through 2033, amid a 3.6% surge in expected CAGR compared to the historical one. This can be attributed to the rising usage of thermostatic mixing valves in healthcare, hospitality, and residential buildings, driven by safety regulations and standards.
The demand for TMVs is closely tied to the construction industry, as they are commonly used in plumbing systems for new buildings or renovations. Hence, rising construction activities are expected to create growth opportunities for thermostatic mixing valve manufacturers.
Thermostatic mixing valves can contribute to energy efficiency by ensuring that water is delivered at the desired temperature, reducing the need for heating or cooling. As energy efficiency becomes a more significant concern, the market for TMVs is set to expand steadily.
Innovations in TMV technology, such as smart and connected devices, could attract more customers and drive global thermostatic mixing valve market growth. Features like remote temperature control and monitoring are expected to gain prominence in the market during the assessment period.
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As per the latest thermostatic mixing valve market analysis, North America is expected to hold a dominant global market share of 42.3% in 2033. Several factors are expected to drive demand for TMVs and spur growth in the North America thermostatic mixing valve market. These include:
Stringent Safety Regulations and Standards - North America, including the United States and Canada, has a robust regulatory environment emphasizing safety in various industries. Regulations governing water temperature in healthcare facilities, commercial buildings, and residential structures encourage the use of thermostatic mixing valves. Compliance with these stringent standards ensures the safety of end-users, making TMVs a crucial component of plumbing systems.
Advancements in Building Construction - The construction industry in North America continues to experience strong growth, with ongoing infrastructure projects and a demand for modern buildings. As new constructions and renovations take place, there is a parallel need for advanced plumbing systems prioritizing user safety and comfort. TMVs, offering precise control over water temperatures, align with the quality and safety standards in construction practices.
Focus on Energy Efficiency - Energy efficiency remains a key concern in North America, with a growing emphasis on sustainable practices. Thermostatic mixing valves contribute to energy conservation by optimizing water temperatures and reducing the reliance on excessive heating or cooling. As environmentally conscious practices become integral to construction and building management, the adoption of TMVs will likely increase, driving the region's demand.
Technological Innovations and Smart Solutions - The North American market is often quick to embrace technological innovations. Thermostatic mixing valves are no exception, and manufacturers in the region are likely to invest in smart and connected solutions. Integration with building management systems, remote monitoring, and control features align with the tech-savvy preferences of consumers and businesses in North America, contributing to the region's prominence in TMV manufacturing.
Growing Healthcare Infrastructure - The healthcare sector in North America is continuously expanding, driven by factors such as an aging population and technological advancements in medical care. In healthcare facilities, precise temperature control is critical for patient safety, making TMVs essential components. The growth of the healthcare industry further fuels the demand for thermostatic mixing valves, solidifying North America's position as a hotbed for manufacturers.
Public Health Awareness Post-pandemic - The COVID-19 pandemic has heightened public awareness regarding hygiene and health safety. In response, there is an increased focus on maintaining sanitary conditions in public spaces, commercial buildings, and healthcare facilities. Thermostatic mixing valves play a role in ensuring that water is delivered at safe and controlled temperatures, contributing to overall hygiene practices. The heightened awareness of health and safety post-pandemic is likely to drive the demand for TMVs in North America.
The TMV market has witnessed technological innovations, including the integration of smart features, during the last few years. Certain TMVs now come with digital controls, remote monitoring capabilities, and connectivity to building management systems, enhancing overall control and efficiency.
Growing demand for thermostatic mixing valves from residential, industrial, and commercial sectors is expected to boost the market through 2033. TMVs are commonly used in residential buildings for showers, faucets, and other water outlets to prevent scalding and maintain comfortable water temperatures.
In commercial settings, such as hotels, schools, and office buildings, TMVs are crucial for safety compliance and providing consistent water temperatures. Hospitals and healthcare facilities use TMVs to ensure precise control of water temperatures for patient safety and infection control.
Innovation is becoming a key success tool for manufacturers. Several companies are constantly introducing new thermostatic mixing valves to boost their sales. For instance:
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Global thermostatic mixing valve sales grew at a CAGR of 1.7% between 2018 and 2022. Total market revenue reached about USD 1,140.1 million in 2022. In the forecast period, the thermostatic mixing valve industry is projected to expand at a CAGR of 4.8%.
| Historical CAGR (2018 to 2022) | 1.7% |
|---|---|
| Forecast CAGR (2023 to 2033) | 4.8% |
The drastic change in CAGR from the historical to the projected period is due to increasing demand from various application areas. Growing awareness of safety from scalding injuries, especially among children & old age people, is another key factor that will boost the market.
The recovery in the residential & commercial construction sectors will increase the demand for plumbing & water solutions. This, in turn, is expected to positively impact sales of thermostatic mixing valves in the forecast period.
The market is witnessing the integration of advanced technologies, such as digital controls and smart features, into TMVs. These innovations are expected to influence purchasing decisions in favor of more sophisticated and technologically advanced products.
Ongoing and potentially strengthened safety regulations are expected to drive sustained demand for TMVs as a critical component in ensuring water temperature safety. Further innovations in TMV technology may be anticipated, including enhanced smart features, connectivity, and improved user interfaces.
The integration of Internet of Things (IoT) capabilities might become more prevalent. The market could witness an increased emphasis on sustainability and energy efficiency, with TMVs playing a role in reducing water-heating energy consumption. Both regulatory requirements and consumer preferences for eco-friendly solutions may drive this trend.
Continued growth in the construction sector, particularly in regions with significant infrastructure development, will likely fuel demand for thermostatic mixing valves. The increasing awareness of safety standards in construction practices can also contribute to this growth.
Rising Importance of Carbon Neutral Economy in Developed Regions
Increasing global warming and its impacts have compelled countries to target a carbon-neutral economy. The United States government has deployed significant capital to achieve climate goals and target a robust clean energy economy. This is expected to positively impact thermostatic mixing valve demand due to their extensive application in solar thermal systems.
The European Union, through its huge investment in the Green Deal Plan, focuses on decarbonizing the building and infrastructural sector. It has given updated regulations to improve carbon performance and the use of renewable energy for new residential constructions. This is putting the hydronic heating systems into the spotlight.
Residential hydronic heating systems provide energy-saving solutions to end users, reducing environmental carbon emissions. Thermostatic mixing valve has the primary function of regulating water temperature in hydronic heating systems. The rising need for efficient solutions in residential buildings will likely drive the sales of thermostatic mixing valves through 2033.
Surging Importance of Hygiene and Sanitation
Continual water supply at residential homes has seen a rise in slimy growth inside pipes. Such a glue-like mixture of bacteria and fungi, named biofilm, increases health risks for humans. These biofilms provide a safe way for microbes and waterborne pathogens to cause legionella disease.
The presence of pathogens in home and industrial plumbing can have a damaging impact on human health. Rising cases of legionella disease in the United States and Europe have made customers more aware of waterborne diseases and their unfavorable impacts.
Customers are taking safety measures to protect themselves from unwanted diseases by regularly maintaining home plumbing systems. The thermostatic mixing valve helps increase sanitation and prevents end users from scalding and legionella diseases.
Growing demand for water heaters is expected to fuel sales of thermostatic mixing valves during the forecast period. This is because these valves are widely used in water heaters.
Rapid Expansion of the Real Estate Sector
Increasing urbanization has boosted the purchasing capability of individuals in the United States and Europe. Homebuilding in the United States has grown significantly in 2021, including single-family and multi-family housing projects. For instance, new residential construction projects in the United States increased 11.8% in Nov 2022.
The increased employment and disposable income in Europe have bolstered the demand for housing and property investment. Residential homes have vital applications of thermostatic mixing valves serving plumbing fixtures at homes.
The real estate sector in the developed economies is anticipated to expand rapidly during the forecast period. This, in turn, is expected to uplift demand for thermostatic mixing valves.
Expanding Food Processing and Manufacturing Facilities
Rising demand for processed food is resulting in the expansion of food and beverage establishments. This will likely create lucrative growth opportunities for thermostatic mixing valve manufacturing companies.
High temperature water is required in food processing and other industrial facilities. Thermostatic mixing valve provides constant and precise temperature control in processing facilities. Hence, the increasing manufacturing facilities of food and beverages are set to drive the demand for thermostatic mixing valves through 2033.
Growing Preference for Digital Mixing Valves over TMVs
Electronically controlled, digital mixing valves are gaining popularity due to their advanced and technological features, especially in commercial applications. Digital mixing valve allows customers to see temperatures and other valves. Remote communication through smart apps and thermal disinfection capability gives the technologically advanced mixing valve an added advantage.
A digital mixing valve (DMV) helps prevent recirculation temperature creep and provides handy features for the operator to view current performance conditions. DMV has extensive applications in thermal disinfection in Europe. Increasing demand for digital mixing valves might impact the growth of the thermostatic mixing valve industry.
Strict Distinct Regulations by Different Countries
Changing regulations by different local & international regulatory bodies for the production of thermostatic mixing valves can hamper market growth. Similarly, regulations related to maintenance of the thermostatic mixing valves can divert the end users to opt for other available options in the market. This can negatively impact the growth of the thermostatic mixing valve market in the forecast period.
Different countries and regions may have their own set of standards and regulations pertaining to water temperature control in plumbing systems. This diversity requires TMV manufacturers to adhere to a range of compliance requirements, which can be complex and costly.
Meeting various standards adds a layer of complexity to production and distribution processes. Complying with strict regulations often involves rigorous testing and certification processes. Manufacturers may need to invest significant resources to ensure that their TMV products meet the specific requirements of each country or region. This can lead to increased production costs, which, in turn, may affect the pricing of TMVs in the market.
The existence of distinct regulations can result in market fragmentation, with different product versions needed for different regions. This fragmentation can complicate inventory management and distribution logistics for manufacturers, particularly if they operate on a global scale.
Strict regulations can pose barriers to new entrants in the TMV market. Companies looking to expand their market presence or enter new geographical regions must navigate and comply with diverse regulatory landscapes, adding complexity to their entry strategies.
The table below highlights the thermostatic mixing valve market revenues in top countries. The United States and Canada are expected to remain the top consumers of thermostatic mixing valves, with expected valuations of USD 630.2 million and USD 257.5 million, respectively, in 2033. This can be attributed to the expanding residential sector and rising usage of scald protection valves in these countries.
| Countries | Projected Thermostatic Mixing Valve Market Revenue (2033) |
|---|---|
| United States | USD 630.2 million |
| Canada | USD 257.5 million |
| Germany | USD 141.2 million |
| United Kingdom | USD 140.9 million |
The below table shows the estimated growth rates of the top countries. The United Kingdom and Germany are set to record high CAGRs of 6.5% and 5.2%, respectively, through 2033.
| Countries | Projected Thermostatic Mixing Valve CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 6.5% |
| Germany | 5.2% |
| Canada | 4.9% |
| United States | 4.1% |
As per the latest analysis, the United Kingdom is predicted to emerge as one of the lucrative markets for thermostatic mixing valve manufacturers during the forecast period. This is attributable to the country’s weather conditions and rising demand for hot water systems.
The United Kingdom is known for its robust regulatory environment, and safety standards in plumbing systems are strictly enforced. Thermostatic mixing valves play a crucial role in meeting these standards by ensuring precise control of water temperatures. The commitment to safety regulations can drive sustained demand for TMVs in various applications.
Ongoing infrastructure development, including residential and commercial construction projects, can contribute to the demand for TMVs. As the construction industry grows, the need for advanced plumbing systems with safety features like TMVs becomes more pronounced.
The healthcare sector, which relies heavily on precise water temperature control for patient safety, can be a significant contributor to the demand for TMVs. The United Kingdom's emphasis on healthcare infrastructure development and standards may drive the adoption of these devices.
Sales of thermostatic mixing valves in the United Kingdom are projected to soar at a CAGR of around 6.5% during the assessment period. By 2033, the United Kingdom thermostatic mixing valve market value is set to total USD 140.9 million by 2033.
The United States thermostatic mixing valve market size is anticipated to rise from USD 441.7 million in 2023 to USD 630.2 million by 2033. Overall demand for thermostatic mixing valves in the United States is projected to increase at 4.1% CAGR during the assessment period.
Several factors are expected to drive the growth of the thermostatic mixing valve market in the United States through 2033. These include the ongoing growth in new constructions, high investment by the local governments, rising adoption of anti-scald valves, and implementation of stringent regulations.
The United States has strict safety regulations governing various industries, including construction and healthcare. Compliance with these regulations often requires the installation of TMVs to prevent scalding and maintain safe water temperatures. This emphasis on safety standards can drive the demand for TMVs.
In healthcare settings, precise control of water temperature is crucial for patient safety. As the healthcare industry expands and modernizes, there is an increasing need for TMVs in hospitals and medical facilities, presenting opportunities for TMV manufacturers.
The United States also greatly emphasizes energy efficiency and sustainable building practices. TMVs align with these initiatives by optimizing water temperatures and reducing the need for excessive heating. Manufacturers offering energy-efficient TMV solutions may find favorable opportunities in the market.
The below section shows the residential segment dominating the global market for thermostatic mixing valves. It is forecast to thrive at a 4.6% CAGR between 2023 and 2033. Based on nominal diameter, the DN 20 segment is poised to exhibit a CAGR of 5.3% during the forecast period.
| Top Segment (Application) | Residential |
|---|---|
| Predicted CAGR (2023 to 2033) | 4.6% |
Based on application, the global thermostatic mixing valve industry is segmented into residential, commercial, and industrial. Among these, the adoption of thermostatic mixing valves remains high in the residential segment.
As per the latest analysis, demand for thermostatic mixing valves in the residential sector is projected to increase at 4.6% CAGR during the forecast period. It will likely have a total valuation of USD 980.3 million by 2033.
Thermostatic mixing valves (TMVs) are widely used for plumbing solutions in the residential sector. They provide high-safety plumbing solutions for the safe, accurate, and constant flow of temperature-controlled water.
Residential consumers are a key driver of the TMV market, as they install anti-scald valves for various applications, such as showers and faucets, to ensure safety and comfort. These valves help prevent scalding, particularly in baths and showers where sudden changes in water temperature can be dangerous.
Ensuring safe water temperatures to prevent scalding is a significant concern in residential settings. TMVs are essential for meeting safety standards and providing consistent water temperatures, contributing to their widespread use in homes.
Both new constructions and renovations influence the residential category. As households invest in upgrading plumbing systems for safety and efficiency, the demand for TMVs will increase.
| Top Segment (Nominal Diameter Type) | DN 20 |
|---|---|
| Projected CAGR (2023 to 2033) | 5.3% |
As per the latest report, the DN 15 segment will likely retain its dominant position in the thermostatic mixing valve market during the forecast period. It is projected to advance at a CAGR of 4.3%, totaling USD 878.3 million by 2033.
Thermostatic mixing valves with DN 15 are widely used in the residential & commercial sectors. This is because these sectors often install 15 mm Pipe diameter owing to high pressure & less capacity of water requirements.
On the other hand, TMVs with DN 20 are expected to witness a higher demand, rising at 5.3% CAGR during the forecast period. Factors such as construction activities, safety regulations, and technological advancements within the industry are predicted to contribute to rising sales of DN 20 TMVs.
The global thermostatic mixing valve market is fragmented, with leading players accounting for about 60% to 70% share. Reliance Worldwide Corporation, Honeywell International Inc., Watts Water Technologies Company, Danfoss, Caleffi S.p.a., Hans Sasserath GmbH & Co. KG, Leonard Valve Company, MISUMI Group Inc., Bradley Corporation, Armstrong International Inc., Afriso-Euro-Index GmbH, Pegler Yorkshire, ESBE Group, Hans Sasserath GmbH & Co. KG, and Bianchi F.lli S.P.A are the leading manufacturers of thermostatic mixing valves listed in the report.
Prominent thermostatic mixing valve companies are investing huge capital in research & development activities to introduce innovative, cost-effective & lead-free products. For instance, they are launching new commercial mixing valves and residential thermostatic valves to have the upper hand over their peers.
Several participants are implementing strategies like acquisitions, mergers, and collaborations to expand their footprint. Further, they are striving to get TMV2 & TMV3 certification for their products.
Recent Developments in the Thermostatic Mixing Valve Market
| Attribute | Details |
|---|---|
| Current Market Value (2023) | USD 1,191.4 million |
| Projected Market Size (2033) | USD 1,898.7 million |
| Anticipated Growth Rate (2023 to 2033) | 4.8% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD million) and Volume (Units) |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Market Segments Covered | By Nominal Diameter, By Capacity, By Valve Type, By Application, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East & Africa |
| Key Countries Covered | Germany, France, United Kingdom, Italy, Spain, Russia, Rest of Europe, United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Rest of Asia Pacific, Brazil, South Africa, GCC Countries, Kingdom of Saudi Arabia, Others |
| Key Companies Profiled | Royal Dutch Shell; Exxon Mobil Corporation; Reliance Worldwide Corporation; MISUMI Group Inc.; Honeywell International Inc.; Watts Water Technologies Company; Danfoss A/S; Bradley Corporation; Armstrong International Inc.; Caleffi S.p.A; Afriso-Euro-Index GmbH; Pegler Yorkshire; ESBE Group; Hans Sasserath GmbH & Co. KG; Bianchi F.lli S.P.A; Leonard Valve Company; Geann Industrial Co. Ltd; Others |
The global thermostatic mixing valve market size reached USD 1,191.4 million in 2023.
Sales of thermostatic mixing valves are set to soar at 4.8% CAGR through 2033.
The global market is projected to total USD 1,898.7 million by 2033.
The United States, Canada, Germany, Australia, New Zealand, and the United Kingdom.
Thermostatic mixing valve demand in Germany is set to expand at 4.7% CAGR.
The United Kingdom, the United States, Italy, and China.
Growing awareness for protection against scalding injuries.
Reduced water flow and leaking are common thermostatic mixing valve problems.
Standard, point-of-use, emergency, and high/low are a few types of TMVs.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity 9.1. Up to 5 GPM 9.2. 5 to 10 GPM 9.3. 10 to 15 GPM 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nominal Diameter 10.1. DN 15 10.2. DN 20 10.3. DN 25 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Valve Type 11.1. Emergency 11.2. High/Low 11.3. Point-of-use 11.4. Standard 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 12.1. Residential 12.2. Commercial 12.3. Industrial 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 13.1. North America 13.2. Latin America 13.3. Europe 13.4. Middle East and Africa 13.5. East Asia 13.6. South Asia and Pacific 14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. Country Wise Market Analysis 21. Market Structure Analysis 22. Competition Analysis 22.1. Armstrong International 22.2. Honeywell International Inc 22.3. Danfoss A/S 22.4. Bradley Corporation 22.5. WITA-Wilhelm Taake GmbH 22.6. Hans Sasserath GmbH & Co. KG 22.7. All Valve Industries Pty Ltd. 22.8. Watts Water Technologies Company 22.9. MISUMI Corporation 22.10. Apex Valve Limited 22.11. Caleffi S.p.a. 22.12. Pegler Yorkshire 22.13. RWC (UK) Ltd. 22.14. Reece Limited 22.15. Jaymak Australia 23. Assumptions and Acronyms Used 24. Research Methodology
Industrial Automation
October 2022
REP-GB-15644
141 pages
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Thermostatic Mixing Valve Market
