The adoption of lead-free components for fabricating hydronic balancing valves for use in commercial and public infrastructure is rising. The growing government initiatives and policies are projected to support the integration of sustainable and environment-friendly components into public infrastructure. For instance, several upcoming infrastructure projects in India such as the Narmada Valley Development Project, Bharatmala Pariyojana, Chenab River Railway Bridge, Mumbai Trans Harbour Link, Delhi Metro Industrial Corridor, Inland WaterWays Development Project Zoji-la and Z-Morh Tunnel Project, and Navi Mumbai International Project are projected to be built using environment-friendly components. Similarly, the Hudson Yards Concrete Casing project and Brent Spence Bridge Corridor Project in the US and Nordlicht I, an offshore wind farm, the Fehmarn Belt tunnel, and Regensburg Quarter in Germany are expected to be developed using sustainable materials. Companies such as ACS Valves and Valmet are focusing on developing valves from recycled products. Thus, the increasing proliferation and usage of sustainable components as a viable alternative to conventional hydronic balancing valves in the commercial and public infrastructure sector is anticipated to fuel the market growth in the coming years.
Growing Application of Hydronic Balancing Valves for HVAC Systems in Oil & Gas Industry Fuels Hydronic Balancing Valves Market Growth
In the oil & gas industry, hydronic balancing valves primarily help in regulating and balancing liquid flow. These valves help ensure that each heating or cooling circuit receives the appropriate amount of liquid flow, allowing optimal performance and energy efficiency. With the rise in industrialization, the demand for oil and gas has grown substantially across the globe. The crude oil production of the Organization of the Petroleum Exporting Countries (OPEG) has increased steadily from ~400,000 b/d in January 2016 to ~800,000 b/d by the end of Q2 of 2021. Countries such as the US, China, India, Vietnam, and South Korea are showcasing huge demand for crude oil owing to the continuous development in their manufacturing sectors, supported by favorable financial conditions and government policies and a surge in investments in the oil & gas sector. In November 2021, Equinor, a petroleum refining company, announced an investment of US$ 8.8 billion for the progress of Wisting petroleum discovery in the Arctic Barents Sea, the northernmost oilfield of the world. Also, Petróleo Brasileiro S.A. has initiated an investment of US$ 68 billion for managing production at the offshore fields in the subsea pre-salt area from 2022 to 2026. Thus, the growing application of hydronic balancing valves for HVAC systems in the oil & gas industry drives the market.
Hydronic Balancing Valves Market Analysis: Connection Type Overview
Based on connection type, the market is segmented into flanged, threaded, and others. The flanged segment held the largest share in the hydronic balancing valves market in 2023, accounting for 41.4%, and is expected to account for 44.3% by 2031. Flanged hydronic balancing valves ensure high energy efficiency and optimum hydronic heating and cooling system performance. It is increasingly used in the regulation of water flow in pipeline systems in HVAC applications, which further ensures the hydraulic balance in the overall water system. In terms of connection type, the flanged segment accounted for the largest share in the hydronic balancing valve market in 2023 and is expected to maintain its dominance in the coming years. This is owing to an increased use of flanged balancing valves in HVAC systems across residential, commercial, and industrial sectors. In addition, the rise in demand for flanged static balancing valves in industrial and commercial applications with stable flow requirements, such as petrochemicals, metallurgy, manufacturing, and oil & gas, is projected to fuel the hydronic balancing valves market growth during the forecast period. Key players engaged in providing flanged hydronic balancing valves include NIBCO Inc., TWS Valve, Xylem Inc., American Wheatly, and Danfoss AG, among others.
Hydronic Balancing Valves Market Analysis: Size Overview
By size, the hydronic balancing valves market is categorized into less than 5”, 6”–10”, 11”–20”, and above 20”. The Less than 5 Inches segment held the largest share in the hydronic balancing valves market in 2023, accounting for 31.9%, and is expected to account for 30.3% by 2031. Hydronic balancing valves with sizes less than 5” are increasingly used in residential applications, including heating, ventilation, and air conditioning (HVAC); water supply systems; and heating systems, to optimize the flow of fluid evenly. The rise in urbanization across the developing economies in regions, including Asia Pacific, Middle East & Africa, and South America, is anticipated to boost the demand for hydronic balancing valves in HVAC systems during the forecast period.
Hydronic Balancing Valves Market: Competitive Landscape and Key Developments
Danfoss AG; Hays Fluid Controls; Victaulic Company; Red-White Valve Corp.; Oventrop Corporation; Caleffi SpA Siemens; Frese Group; Johnson Controls, Inc.; American Wheatly; and Xylem are the key players profiled in the hydronic balancing valves market report. In addition, several other important hydronic balancing valves market participants have been studied and analyzed during the report to get a holistic view of the hydronic balancing valves market and its ecosystem. Raw material suppliers, component manufacturers, and end users are among the major stakeholders in the hydronic balancing valves market ecosystem. The rise in demand for hydronic balancing valves has positively benefitted the suppliers that are offering a wide range of raw materials. Raw material suppliers play a crucial part in supporting the market growth. The hydronic balancing valves market report also emphasizes the key driving factors for the market, such as the growing focus on wind energy and its potential in future energy transition to renewables.
| Year | News | Country |
| 2023 | Resideo is extending its HVAC valve range by introducing a new Kombi V5007 Pressure Independent Control Valve (PICV): a valve for dynamic balancing with flow control. As an automatic, pressure-independent control valve, the Kombi PICV combines the advantages of an automatic pressure-independent flow controller with those of a constant valve, all in one product, covering all flow requirements from DN15 to DN50 applications. | North America |
| 2023 | The CALEFFI Group announced on July 11, 2023, that it completed the acquisition of Fratelli Creola S.r.l. This company has been operating in the local galvanic industry for more than 60 years, specializing in chrome and nickel plating. The two companies hold a long-standing partnership based on mutual esteem, which started with the founders Francesco Caleffi and Lorenzo and Quinto Creola and continues with Marco Caleffi and Marco Creola. | Europe |