Thermostatic Mixing Valves Market 2022
The global thermostatic mixing valves market is estimated to be valued at over US$ 1.1 Bn in 2022. TMV sales are projected to increase at 4.8% CAGR and be valued at around US$ 1.82 Bn by 2032-end. Growing awareness for protection against scalding injuries and innovation of lead-free TMVs are key growth factors for the market. Acquisitions and mergers, expansions, collaborations, and investments in R&D by key players are being witnessed in this industry.
Market growth is anticipated to be driven by rise in urbanization, growing construction sector, and increasing demand for smart plumbing solutions.
High use of thermostatic mixing valves in the residential sector has been prominently driving market growth over the past few years. However, demand is expected to increase further due to new laws by various regulatory bodies to use thermostatic mixing valves for plumbing applications.
Request for Free Sample Copy of Thermostatic Mixing Valves Market Report@https://www.persistencemarketresearch.com/samples/24550
Ongoing investments in new product development has been a key trend observed in the market as manufacturers are focused on providing cost-effective and innovative solutions for consumers, and also raising awareness regarding safety from scalding for children and in old-age homes.
The COVID-19 pandemic negatively impacted global demand for thermostatic mixing valves. A significant drop in residential & commercial construction hampered market growth in FY2020. However, with increasing vaccination pace and decreasing COVID-19 cases, coupled with government schemes, tax reliefs, and other initiatives to uplift the economy, the thermostatic mixing valves market is set to regain its normal growth path within the next few quarters.
Key Companies-
- 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.
You Can Customize this Report@https://www.persistencemarketresearch.com/request-customization/24550
Key Takeaways from Market Study
- Global demand for thermostatic mixing valves is forecasted to reach a value of US$ 1.8 Bn by the end of 2032.
- North America is anticipated to remain one of the key markets accounting for around 42.5% of the global market share.
- By application, the residential segment is anticipated to witness a CAGR of 4.3% over the decade.
- By nominal diameter, the DN 15 segment is expected to grow at a substantial growth rate over the coming years.
- South Asia & Pacific to remain the fastest-growing regional markets through 2032.
“Rising awareness regarding safety from scalding is a key factor behind the growth of the thermostatic mixing valves market,” says a Persistence Market Research analyst.
More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global thermostatic mixing valves market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.
The report provides in-depth analysis of the market through different segments, namely, capacity, nominal diameter, valve type, application, and region. The report also provides supply and demand trends along with an overview of the parent market.
Get Full Access of this Report@https://www.persistencemarketresearch.com/checkout/24550
Key Questions Answered in Thermostatic Mixing Valves Market Report –
How much is the global market for thermostatic mixing valves currently worth?
What are the key growth factors driving demand for thermostatic mixing valves?
What will be the outlook for the sale of thermostatic mixing valves through 2032?
What are the key trends being witnessed in this space?
Which 5 countries/regions drive most demand for thermostatic mixing valves?
How is Germany faring in the European market?
Which countries are major producers and exporters of thermostatic mixing valves?
What is the outlook for the market in Japan and S. Korea?
Contact Us:
Persistence market research
Sales – sales@persistencemarketresearch.com