According to Future Market Insights (FMI), the global pressure reducing valve market is projected to be worth US$3746.9 million by 2033. Global demand for pressure reducing assets is expected to grow at a CAGR of 4.7% during the forecast period.
The global market will continue to evolve as pressure reducing technologies are increasingly used in various industrial sectors.
Likewise, there will likely be a demand for pressure reducing valves as the need for sustainable and energy efficient systems grows. Pressure reducing valves are designed to maintain a constant flow rate and reduce energy consumption. This makes these valves ideal tools for industries looking to reduce their carbon footprint and comply with environmental regulations.
Growing demand for pressure reducing valves for residential and commercial applications is expected to drive sales through 2033.
Supercharge Your Knowledge: Dive into the Booming Pressure Reducing Valve Market with Our Sample Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-3784
Pressure regulators are used in residential and commercial applications to regulate water pressure and protect plumbing systems from damage caused by high water pressure.
Pressure reducing valves are installed on the main water supply line to regulate the water pressure throughout the building. They ensure that the pressure for all fixtures and equipment is at a safe and constant level.
Key Findings of the Pressure Reducing Valves Market Study:
- Global demand for Pressure Reducing Valves is expected to grow at a CAGR of 7% through 2033.
By material type, the stainless steel segment is expected to be worth US$1,666.6 million by 2033.
Based on end-use, the industrial segment is projected to account for about 4% of the global market in 2023 - Measured by operating pressure, the 50 to 200 psig segment is expected to have a market share of around 3% in 2023.
- According to forecasts, the US pressure reducing valve market will reach US$ 507.6 million by 2033.
- Pressure reducing valve sales in China are expected to grow 9% per year through 2033.
The South Korean market is expected to grow at a CAGR of 1% from 2023 to 2033.
“The changing needs of end users have led to a high demand for advanced, energy efficient and sustainable systems. Therefore, major manufacturers are striving to develop novel products integrated with intelligent technologies. Also, several start-up companies are entering the market, making it extremely competitive,” says the Future Market Insights analyst
Who wins?
Emerson Electric Co., Parker Hannifin Corporation, Watts Water Technologies, Xylem Inc. and Honeywell International are the leading pressure reducing valve manufacturers featured in the report.
These companies focus on developing innovative and technologically advanced solutions to meet end-user demand. They also use strategies like partnerships, alliances, mergers and acquisitions to expand their presence.
Recent Developments:
In 2022, Zurn Industries, LLC introduced a new compact and lightweight pressure reducing valve (Zurn Wilkins 500XL3).
Discover the Power of Personalization and Enjoy up to 30% off on Customizing this Report@
https://www.futuremarketinsights.com/customization-available/rep-gb-3784
Pressure Reducing Valves Market Segmentation
By Product Type:
- Direct Acting
- Residential
- Commercial
- Industrial
- Pilot Operating
By Material Type:
- Cast Steel
- Stainless Steel
- Carbon Steel
- Cast Iron
- Ductile Iron
- Bronze
- Plastics
- Others
By Operating Pressure:
- 50 to 200 Psig
- 201 to 500 Psig
- 501 to 800 Psig
- Above 800 Psig
By Application:
- Gas
- Steam
- Liquid
By End Use:
- Residential
- Commercial
- Industrial
- Power Generation
- Pharmaceuticals
- Pulp and Paper
- Chemicals
- Food and Beverages
- Oil and Gas
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Russia & Belarus
- Balkan & Baltics
- Central Asia
- East Asia
- South Asia Pacific
- Middle East Africa
- Others
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us :
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports