Backflow preventers are crucial components of plumbing systems designed to ensure the safety of potable water supplies. These devices work by preventing the reverse flow of contaminated water back into the main water supply lines, thus safeguarding against the risk of water contamination and ensuring water quality standards are maintained. Backflow preventers are commonly installed in various settings, including residential, commercial, and industrial buildings, as well as in municipal water supply systems.
The global backflow preventers market is poised to reach a valuation of US$ 8.7 billion by the end of 2022. This growth trajectory is attributed to the ongoing efforts of companies in introducing technologically advanced backflow preventers, featuring innovative materials such as stainless steel, ductile iron, and high-performance plastics. Over the forecast period from 2023 to 2033, the market is projected to witness a steady expansion, with an estimated value of US$ 13.8 billion by 2033, reflecting a compounded annual growth rate (CAGR) of 4.5%. In the immediate future, the market is anticipated to achieve a milestone of US$ 8.9 billion in 2023, signaling a promising start to the forecast period.
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Start Up Ecosystem
- Watts Water Technology Company
- Emerson Electric Co.
- Honeywell International Inc.
- Conbraco Industries
- Zurn Industries LLC
- Caleffi S.p.a.
- Hans Sasserath GmBH & Co, KG
- W. W. Grainger Inc
- Talis Management Holding GmBH
- A. R. I. Flow Control
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