About the Heating, Ventilation, and Air Conditioning (HVAC) Valves Market
Valves are devices that regulate, direct, or control the flow of fluids (gases, liquids) by opening, closing, or partially opening various pathways. The three most commonly used types of valves in HVAC systems are:
Technavio Announces the Publication of its Research Report – Global Heating, Ventilation, and Air Conditioning (HVAC) Valves Market 2016-2020
Technavio recognizes the following companies as the key players in the global heating, ventilation, and air conditioning (HVAC) valves market: Flowserve, Honeywell, Johnson Controls, Pentair, and Schneider Electric.
Other Prominent Vendors in the market are: Mueller Industries, Belimo, Advance Valves, Metrex Valve, and AVK Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend that will have a positive influence on market growth is the increased adoption of building automation systems. Building energy management system or commonly known as building automation system (BAS) is a centralized, computer-based control system that controls and monitors a building’s heating, ventilation, air-conditioning, and lighting, etc. With the increasing need to optimize energy consumption, commercial building owners are installing BEMS. Owing to greater incorporation of BEMS to comply with government regulatory standards, BEMS in the US recorded 12.6% growth in 2015, and is expected to grow substantially in the years to come.”
According to the report, a key growth driver is the increased spending on construction in emerging economies. Strong economic growth in the emerging Southeast Asian nations and increased budget allocation in construction activities indicate long-term growth for the infrastructure industry in the region. For instance, Indonesia increased its fund allocation toward infrastructure development by 13% from $20.91 billion in 2015 to $23.71 billion in 2016.
Further, the report states that one challenge that could hamper market growth is the instability in the global economy.
Flowserve, Honeywell, Johnson Controls, Pentair, Schneider Electric, Mueller Industries, Belimo, Advance Valves, Metrex Valve, AVK Group.
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