Automatic balancing valves are likely to ensure that the system is dynamically and accurately balanced

June 11, 2019 - The global automatic balancing valves market is estimated to grow at steady CAGR during the forecast period (2012 to 2023), according to a report available on Radiant Insights, Inc. Growing need for accurate flow rate throughout cooling and heating water distribution system is anticipated to propel demand for automatic balancing valves. These balancing valves are likely to ensure that the system is dynamically and accurately balanced. All the components are expected to perform as instructed irrespective of changes.

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High balancing accuracy offered by automatic balancing valves as compared to manual balancing valves can influence market growth. Growing requirement of energy efficient system owing to their ability to save brake horse power (BHP) as compared to unbalanced systems can stimulate market expansion. Automatic balancing valves are expected to achieve balance as soon as they are turned on. In addition, such systems can prevent overflow of water can compared to manual balancing systems. This factor can also impel growth of market in the forthcoming years. Moreover, automatic balancing valves are likely to add only 5 feet to pump head, while manual pumps can add 10 feet. Lower head size can reduce size of pump selected. This, in turn, can stimulate market growth over the forecast period. Moreover, growing adoption of automatic balancing valves to save time while balancing pressure over manual systems can drive market growth.  

To cater to rising demand, most manufacturing companies are likely to invest in R&D activities to develop advanced products. For instance, Danfoss is expected to offer combined automatic balancing valves that can ensure reliable HVAC system with reduced cost of ownership. The valves are likely to provide accurate balance at all loads by ensuring steady flow and differential pressure for each zone. In addition, these valves can be used in both residential and commercial buildings.

The automatic balancing valves market can be segregated on the basis of product, end-users, and region. Based on product, the market can be bifurcated into copper and iron. Based on end-users, the market can be categorized into heating system, HVAC, and others.

Regional segmentation of automatic balancing valves market includes Europe, North America, Asia Pacific, South America, and Middle East and Africa. In North America, the market is expected to grow well over the forecast period attributed to presence of major manufacturing companies in United States. Companies like Honeywell, Armstrong, and Nicbo are expected to manufacture innovative automatic balancing valves for residential and commercial applications. This, in turn, can augment regional market growth over the forecast period.

In Asia Pacific, the market is predicted to grow fast owing to rising demand for energy efficient HVAC systems in developing countries like India, China, and Japan. This factor can stimulate demand for automatic balancing valves saving energy consumption in HVAC systems, thereby driving market growth. In addition, supportive initiatives by local governments to promote use of advanced HVAC systems in new buildings can stimulate regional growth.
 

In Europe, the automatic balancing valves market is likely to bode well during the forecast period owing to increasing use of energy efficient HVAC systems in automotive manufacturing companies. In addition, presence of major manufacturing companies offering quality products can also augment market growth in this region.     

Some of the leading companies operating in the market for automatic balancing valves are Crane Fluid Systems, Honeywell, Armstrong, Danfoss, and Grinnell. Most companies are likely to invest in R&D activities to develop new and innovative balancing valves.

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