According to Future Market Insights analysis, the North America Pressure Regulating Valves Market is indicated to reach US$ 782.9 Mn in 2022, rising at a CAGR of 5.1% from 2022 to 2032. The growing population in the North American region and the rising need for expanding residential construction are some of the primary factors that have witnessed growth during the historical years of the study.
The consumer's perspective on the devices is evolving due to increasing awareness of the maintenance of piping systems and water conservation activities. The PRV should not only be able to regulate the flow but also incur lower maintenance costs on behalf of the consumers. Looking at such trends the vendors are emphasizing laying investments in research and development initiatives and, hence, coming up with technologies and advanced products that can scale up to the consumer's expectations.
Simultaneously, innovating products is the need of the time and, likewise, to maintain & increase market share, vendors have to keep searching for ways of updating the existing technology, which will make the market more stable in terms of growth.
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Key Takeaways of Pressure Regulating Valves Market Study
- The value of the direct operating Pressure Regulating Valves is projected to increase at a value CAGR of 5.0% to reach around US$ 772.5 Mn by the end of 2032.
- In terms of End Use, Apartments and condominiums are anticipated to create an absolute dollar opportunity worth US$ 295.4 Mn.
- In the North America Pressure Regulating Valves market, Up to 2'' inlet pressure type is projected to account for more than 50% share by the end of the forecast period owing to its high range of valuations.
- By Country, the U.S. is anticipated to account for more than 80% of the market share by the end of 2032 and is expected to remain dominant throughout the forecast period.
"The growing residential construction sector and strict energy-efficiency regulations in the North American region owing to the increasing population is expected to accelerate the market growth of Pressure Regulating Valves," says Future Market insights analyst
The market is concentrated, with top players accounting for market share ranging from 55% to 65% of market revenue in 2021. Prominent players in the market aim to be recognized as a leader in operational excellence to offer innovative products to end users with applied product standards in order to gain a prominent share in the market.
The Danfoss A/S, Watts Water Technologies, Inc., and Resideo Technologies Inc. are a few of the market's major participants.
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More Insights into the Pressure Regulating Valves Market Report
In its latest report, Future Market Insights offers an unbiased analysis of the North America Pressure Regulating Valves market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on valve type, inlet pressure, diameter, by end-use and by country.
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Key Segments Covered in Pressure Regulating Valves Industry Analysis
Pressure Regulating Valves Market by Valve Type:
- Direct Acting
- Pilot Operated
Pressure Regulating Valves Market by Inlet Pressure:
- Up to 10 bar
- 10 to 15 bar
- 15 to 20 bar
- Above 20 bar
Pressure Regulating Valves Market by Diameter:
- 1 ¼"
- Up to 2″
Pressure Regulating Valves Market by End Use:
- Apartments & Condominiums
Pressure Regulating Valves Market by Country:
- North East U.S.
- South U.S.
- Midwest U.S.
- West U.S.
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The post By 2032, The United States Is Anticipated To Control More Than 75% Of The North America Pressure Regulating Valves Market And To Expand At A CAGR Of 5.1% appeared first on Future Market Insights.
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