Global Thermostatic Mixing Valves (TMVs) Market Major Players 2024, Forecast To 2033
12 Nov, 2024
The thermostatic mixing valves (TMVs) market has experienced strong growth in recent years. It will grow from $1.09 billion in 2023 to $1.15 billion in 2024, at a CAGR of 5.7%. The growth can be attributed to rising disposable income, increasing awareness about protection from scalding and burns, the growing demand for residential thermostatic valves, stricter safety regulations across industries, and the expansion of healthcare infrastructure. The thermostatic mixing valves (TMVs) market is projected to grow to $1.46 billion by 2028, with a CAGR of 6.1%. Growth is attributed to the booming residential and commercial construction sector, rising investments in R&D, increased focus on energy efficiency and sustainability, demand for smart home integration, and safety awareness around temperature control. Trends include smart valve adoption, eco-friendly TMVs, and ongoing product innovation.
Major Driver In The Thermostatic Mixing Valves (TMVs) Market
The increasing residential and commercial construction sector is set to advance the thermostatic mixing valves (TMVs) market. Urbanization and economic development are driving this growth, with TMVs ensuring safety and efficiency in buildings. The US Census Bureau reported that privately owned homes were built at a rate of 1.41 million in June 2023, 4.4% higher than the previous month, indicating strong construction activity.
Request A Free Sample Of The Thermostatic Mixing Valves (TMVs) Market ReportThermostatic Mixing Valves (TMVs) Market Competitive Landscape
Honeywell International Inc., Danfoss A/S, Pegler Yorkshire Group Limited, Watts Water Technologies Company, Bradley Company LLC, Reliance Worldwide Corporation, Caleffi S.p.A, Cole-Parmer Instrument Company LLC, Morris Group International Inc., Hans Sasserath GmbH & Co. KG, ThermOmegaTech Inc., Armstrong International Inc., Galvin Engineering Pty Ltd., ESBE AB, Encon Safety Products Inc., Lehry Instrumentation and Valves Pvt Ltd., Leonard Valve Company, Geann Industrial Co. Ltd., Afriso-Euro-Index GmbH, Bianchi F.lli S.P.A, Dolphy India Pvt. Ltd., Pissente
Key Thermostatic Mixing Valves (TMVs) Market Trend
Companies in the thermostatic mixing valves (TMVs) market are focusing on innovative products, such as lead-free TMVs, to reduce lead contamination risks and improve water temperature control. Lead-free TMVs regulate water temperature in plumbing systems without using lead-containing materials, ensuring safety and comfort. For example, in April 2022, ESBE AB, a Sweden-based provider of hydronic heating and cooling systems, launched the VTA300 series, a lead-free thermostatic mixing valve. This product includes an anti-scald feature that cuts off the hot water supply if the cold water fails, ensuring safety in sensitive environments like nurseries and nursing homes.
Purchase The Global Thermostatic Mixing Valves (TMVs) Market Report Directly And Get A Swift DeliveryGlobal Thermostatic Mixing Valves (TMVs) Market Segmentation
The thermostatic mixing valves (TMVs) market covered in this report is segmented –
1) By Valve Type: Emergency Thermostatic Mixing Valves, High Or Low Thermostatic Mixing Valves, Point-Of-Use Thermostatic Mixing Valves, Standard Thermostatic Mixing Valves
2) By Nominal Diameter: Nominal Diameter (DN) 15, Nominal Diameter (DN) 20, Nominal Diameter (DN) 25
3) By Capacity: Up To 5 Gallons Per Minute (GPM), 5 To 10 Gallons Per Minute (GPM), 10 To 15 Gallons Per Minute (GPM)
4) By Application: Residential, Commercial, Industrial
By Geography:The regions covered in the thermostatic mixing valves (TMVs) market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the thermostatic mixing valves (TMVs) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Thermostatic Mixing Valves (TMVs) Global Market Report 2024 furnishes information about the global thermostatic mixing valves (TMVs) market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.