In accordance with this study, the global Thermostatic Mixing Valves market value registered in 2019 was close to USD XXX BN and is predicted to outstretch revenue by USD XXX BN in 2019 with a CAGR of 6% during the period of 2020-2026. In the report, the market has also been projected in terms of volume, from 2019 to 2026. The Thermostatic Mixing Valves market is expected to increase from XXX MN Units in 2019 to XXX MN Units by 2026 with an anticipated CAGR of X.X% between 2020 and 2026.
Thermostatic Mixing Valve (TMV) is referred to as the valves that are designed to regulate the water temperature by mixing hot and cold water in order to prevent scalding. It is alternatively known as anti-scald valves. Owing to higher accuracy and safety, these valves are extensively used across the household, schools, nursing homes, hospitals, laboratories, and other commercial and industrial places.
Structurally, it encompasses the valve body with two distinct fluid inlets and a mixed fluid outlet. The valve body includes a thermostatic mixing element/sensor, piston, and return spring. The element/sensor is a crucial component, which has a thermal sensitive mechanism that continuously monitors and controls the flow of water (hot & cold) through the inlets. Also, it enables automatic shutting down of the system, in case of water supply failure, to offer prevention from scalding or thermal shock. The hot and cold water is allowed to enter the valve and is blend by the valve to attain the pre-selected temperature. It also ensures that the temperature remains constant for a longer duration despite varying pressure conditions.
The market is expected to witness substantial growth owing to the growing adoption across the residential, commercial and industrial sectors. The rising demand for safer, energy-efficient and reliable devices is also expected to drive the market growth in the coming years. Favorable legislation imposed by various governments on the installation of TMVs is also projected to trigger market growth. In addition to this, increasing demand for solar water heaters to curb carbon emissions is also contributing to the growth of this market. Moreover, the rise in per capita income, betterment in living standards, and the ongoing trend of nuclear families are further boosting the growth of this industry. Furthermore, ongoing research for the development of advanced products is likely to escalate market growth during the forecast period. However, economic environmental changes may hamper market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of Thermostatic Mixing Valves.
The study offers a decisive view of the global Thermostatic Mixing Valves market by segmenting it terms of product and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Point of Use Valves
- Standard Valves
- Emergency Thermostatic Valves
- High/Low Valves
- Residential Building
- Commercial Use Building
- Industrial Use
This section covers Thermostatic Mixing Valves market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global Thermostatic Mixing Valves market along with the individual application segment across all the prominent region.
Europe Thermostatic Mixing Valves Market By Revenue (USD MN)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Thermostatic Mixing Valves market are ARMSTRONG INTERNATIONAL INC., THE BRADLEY CORPORATION, CALEFFI S.P.A., HOLBY VALVE, HONEYWELL INTERNATIONAL INC., SHARKBITE, TACO COMFORT SOLUTIONS, WATTS and WEBSTONE. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.