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North America HVAC Valves Market to exhibit phenomenal growth over 2019-2027

 



(IT-NEWSWIRE.COM, May 15, 2019 ) Growing Acceptance of Building Energy Management System (BEMS) is fueling the North America HVAC Valves market. With urbanization and industrialization at a very rapid pace, an exponential rise in the residential, commercial and industrial building construction activities has been witnessed. Post the recovery from the recession in the year 2014, the construction market gathered pace. Lowering interest rates on housing loans, lower interest rates for businesses, subsidies by Governments for industrial setups have further helped the proliferation of construction market. Also, in most of the commercial buildings, footfalls create a difference for generating revenues, and therefore, the lighting, heating and air conditioning systems in the commercial buildings is highly emphasized upon, thereby driving the HVAC Valves market in North America.

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The List of Companies

1. AVK Group A/S
2. Belimo Holding AG
3. Danfoss A/S
4. Flowserve Corporation
5. Honeywell International Inc.
6. Johnson Controls International Plc.
7. Mueller Industries, Inc.
8. Samson Controls, Inc.
9. Schneider Electric SE
10. Siemens AG

The rising integration of connected valves for industrial, commercial and residential sectors is anticipated to fuel the North America HVAC Valves market growth. Valves integrated with embedded processor and networking capability to achieve sophisticated monitoring technology which can be coordinated with central control station is thus anticipated to gain traction in the coming times. In order to attain this in industries, industrial valves are connected to data network, coordinating control valve operation with the data available. Connecting valves to a network allows distributed control, which can enable operators to reconfigure piping and networking systems so that a field can continue producing even if there is a blockage in, or damage to, the pipeline network. These initiative by the market player are enhancing the growth of North America HVAC Valves market.

US is anticipated to leads the HVAC Valves market across the North America region through the forecast period. The automotive industry is one the largest manufacturing sector in the U.S. According to OICA data, total car production in year 2016 was 4.2 Mn in the U.S. Further, the country has a strong aerospace & defense manufacturing sector. Recently, the federal government pledged to bring back the manufacturing companies to the U.S., which shifted overseas for attaining cost-competitiveness. The government announced its plans to offer tax-cuts to manufacturers based in the U.S. as well as to impose higher tariffs on overseas manufacturers. This will further propel the growth of manufacturing industry in the country thereby, accelerating the growth of HVAC valves market in the U.S. This bolster the North America HVAC Valves market on the forecast period. The figure given below highlights the revenue share of Mexico in the North America HVAC Valves market in the forecast period:

NORTH AMERICA HAVC VALVES – MARKET SEGMENTATION

By Product

Ball Valve
Globe Valve
Butterfly Valve
Pressure Independent Valve
By Application

Residential
Industrial
Commercial

By Country

US
Canada
Mexico

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The Insight Partners

Sameer Joshi

+1-646-491-9876

sam@theinsightpartners.com

Source: EmailWire.Com

Source: EmailWire.com

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