Pressure Independent Control Valves in HVAC Market Forecast to Reach $480 Million by 2026

Pressure Independent Control Valves in HVAC Market

(IT-NEWSWIRE.COM, December 03, 2021 ) Pressure Independent Control Valves in HVAC Market is forecast to reach $480 million by 2026, growing at a CAGR 7.6% from 2021 to 2026. Automatic hydronic balancing, temperature stability, high control authority and actuator longevity by reducing the amount of movement are the main aspects that are projected to boost the demand for pressure-independent control ball valves and proportioning valves during the forecast period. Increasing demand for HVAC systems from a number of industries contributes to increased market size of the pressure independent control diaphragm valves. Typical large industrial and commercial installations need a massive influx of cost savings and environmentally friendly HVAC installations. Driven by countries' strong economic growth and guided by government-led energy investments, this global energy demand is amplifying energy-efficiency advances. Hence, with the demands increasing from end-users, manufacturers' investments are growing to boost the energy efficiency of variable flow systems and minimize costs while staying green. Such energy demands increase the growth of the independent pressure control radiator valves in the HVAC industry as they contribute significantly to rising demands for energy efficiency by preventing over or under-heating or cooling systems.

Pressure Independent Control Valves In HVAC Market Segment Analysis - By Valve Body

During the forecast period the linear motion valve is expected to grow at a CAGR 9.1%. The linear-style valve is presently the most common type of valve. It is famous for its compact architecture and easy maintenance. Linear valves, also known as multi-turn valves, are equipped with a sliding mechanism that moves a closing feature into an open or closed position. Linear control valves are extremely versatile and offer many different sizes of trim and design options. Compared with a rotary valve, a linear-motion valve is also more cavitation resistant. While linear valves usually cost more, they give precise accuracy and linear flow control of 1:1 and thus it is anticipated to help in market growth of PICV market

Pressure Independent Control Valves In HVAC Market Segment Analysis - By End-Users

The Food and Beverage Segment is expected to grow at a higher CAGR 9.9% during the forecast period. Food and beverage have emerged as the fastest-growing segment in the HVAC market for independent pressure control valves globally. With the global population increasing at an exponential pace, there is significant growth in the food and beverage industry. Heating is, a ceaseless phenomenon in the food production process and cooling is an indispensable part of the storage and distribution process. Within this industry, a myriad of heating and cooling applications such as concentration of liquid foods, sterilization, refrigeration, process control, cooking and drying along with power and energy generation for some installations require a substantial fraction of independent pressure control valves including radiator valve, diaphragm valve, proportioning valve and ball valve. As a result, in the food and beverage industry, these incessant applications increase the demand for pressure-independent control valves on the HVAC market.

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Pressure Independent Control Valves In HVAC Market Segment Analysis - By Geography

APAC currently dominates the global Pressure Independent Control Valves in HVAC market with a share of more than 37.5%. APAC countries like China, India, Japan and Singapore are a strong base for the manufacturing sector. Industries such as APAC's manufacturing, construction, automotive and agriculture sectors are fitted with heating and cooling systems that account for at least half the energy consumption. Hence, there is a substantial demand thriving from these end-users driving the growth of the market for pressure-independent control valves. Instigating higher performance standards in ACs is one of the most successful and easiest energy-efficiency initiatives undertaken by governments. Therefore, the AC demand from these countries is expected to increase in the future owing to the growth of the population and rising climate change in Asia. Residential heating and cooling systems in these countries therefore boast sufficient installations of pressure independent control valves that achieve manageable costs.

Pressure Independent Control Valves In HVAC Market Drivers

Gives Impeccable Working Conditions

The global PICV market will experience substantial growth due to factors such as high control authority and automatic hydronic balancing. This also forces independent control principles to eradicate the situation at a partial level that has a direct impact on the constancy of the room temperature. As the actuators are connected to them, PICV often ensures impeccable working conditions, which requires less movements to stay stable at temperature. This helps to improve the life of the actuators and reduces maintenance costs. Those factors are likely to create sufficient growth opportunities over the forecast period for the global PICV market.

Robust Bilateral Partnerships

The International Energy Association has close bilateral collaborations with APAC organizations such as the China Energy Economy Forum, the National Transformation Institution of India (NITI) Aayog, and Indonesia's Ministry of Energy and Mineral Resources to inculcate energy-efficiency projects and energy-consumption reduction initiatives. Such organizations, together, are developing innovative energy management systems that drive the use of pressure-independent control valves. Overall, these opportunities help in the growth of pressure independent control valves in HVAC market.

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Pressure Independent Control Valves In HVAC Market Challenges

Time Consuming Balancing

To adjust the hydronic circuit each control valve needs a balancing valve. The balancing technique determines device efficiency and needs highly trained technicians and instruments. All control valves must be in open position during the balancing. However, as soon as the system is operating, the valves are permanently closing and opening depending on the specific cooling or heating load requirements in the house, resulting in a complex system strain. This is anticipated to hinder the market growth of pressure independent control valves.

Pressure Independent Control Valves In HVAC Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Pressure Independent Control Valves In HVAC Market. Pressure Independent Control Valves In HVAC Market is expected to be dominated by major companies such as Burkert Fluid Control Systems, Emerson, Weir Group PLC, Flowserve Corporation, IMI PLC., Curtiss-Wright Corporation, Cameron - Schlumberger, Spirax Sarco, Crane Co., and Kitz Corporation.

Acquisitions/Technology Launches

In Feb 2020, Weir Group PLC announced three new additions to the industry-leading Lewis series of sulphuric, sulphuric and phosphoric acid pumps and valves. A new chapter in the brand's proud history of ground breaking product and material engineering is the introduction of the Lewis VL Axial Pump, Lewis Horizontal Process Pump and Lewis Vertical High Pressure Molten Salt Pump.

In June 2019, Bürkert launched the latest generation of valve island —Type 8647 AirLINE SP—in partnership with Siemens.

Key Takeaways

The global PICV market in HVAC will grow substantially due to factors such as high control authority, automated hydronic balancing and reliability of actuators by reducing the number of moves and temperature stability.

Growing demands from end-users, investments by manufacturers are rising to improve the energy efficiency of variable flow systems and reduce costs while remaining green. Such energy demands improve the growth of the independent pressure control valves.

Industries such as the manufacturing, building, automotive and agriculture sectors of APAC are equipped with heating and cooling systems which account for at least half the energy consumption. As a result, these end-users have a significant demand that increases the need for pressure-independent control valves.

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Pressure Independent Control Valves in HVAC Market Forecast to Reach $480 Million by 2026