PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490279
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490279
The Thermostatic Mixing Valves Market size was valued at USD 464.90 million in 2023, expanding at a CAGR of 5.20% from 2024 to 2032.
A thermostatic mixing valve refers to the type of valve that is intended to mix hot and cold water to control water temperature and avoid scalding. An alternative name for it is anti-scald valves. These valves are widely utilized in homes, schools, nursing homes, hospitals, labs, and other commercial and industrial settings due to their increased accuracy and safety. Thermostatic mixing valve market has experienced technical advancements such as the incorporation of intelligent functionalities. In order to increase total control and efficiency, certain Thermostatic mixing valves now have remote monitoring capabilities, digital controls, and interfaces to building management systems.
Thermostatic Mixing Valves Market- Market Dynamics
Growing demand for construction and renovation activities in the mixing valves market
As construction and renovation projects increase, the demand for mixing valves rises due to their essential role in controlling the flow and temperature of water in various systems. Plumbing systems require thermostatic mixing valves to guarantee that water is delivered at a level that feels both safe and comfortable. They are frequently used in sinks, bathtubs, and showers to keep the water temperature constant and avoid scorching. The need for thermostatic mixing valves is rising in tandem with the growth in building and remodeling projects. The increasing demand for effective and secure water temperature regulation in newly constructed buildings and during restorations is met in part by these valves. For instance, According to Sensas Gov, Total Monthly Construction spending throughout March 2024 was anticipated at a seasonally adjusted yearly rate of $2,083.9. In addition, the market is driven by the implementation of strict laws and safety requirements that require thermostatic mixing valves in different areas. The purpose of these rules is to protect building occupants from burn injuries and to prevent burn situations.
Thermostatic Mixing Valves Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.20% over the forecast period (2024-2032)
Based on Nominal Diameter segmentation, DN 20 was predicted to show maximum market share in the year 2023
Based on Application segmentation, The Residential segment was the leading type in 2023
based on region, North America was the leading revenue generator in 2023
The Global Thermostatic Mixing Valves Market is segmented based on Nominal Diameter, Application, Valve Type, and Region.
The market is divided into Three categories based on Nominal Diameter: DN 15, DN 20, DN 25. The DN 20 dominates the market. The residential and commercial sectors make significant use of thermostat mixing valves with DN 15. This is because, due to high pressure and low water capacity requirements, these sectors frequently install 15-mm pipe diameters. However, a greater demand for TMVs with DN 20 is anticipated, with a 5.3% CAGR growth rate throughout the projected period. Rising sales of DN 20 TMVs are expected to be attributed to factors including industry technical breakthroughs, safety standards, and construction activity.
The market is divided into three categories based on Application: Residential, Commercial, and Industrial. The Residential segment dominated the market and is likely to maintain its dominance during the forecast period. In the residential market, thermostatic mixing valves, or TMVs, are frequently utilized for plumbing solutions. They offer high-safety plumbing solutions that ensure a steady, accurate, and secure flow of water with regulated temperatures. Because they install anti-scald valves for a variety of applications, like showers and faucets, to assure safety and comfort, residential consumers are a major force behind the TMV industry. These valves aid in preventing scalding, especially in showers and bathtubs where rapid temperature fluctuations can be harmful.
Thermostatic Mixing Valves Market- Geographical Insights
Geographically, The Thermostatic Mixing Valves sector is expanding in North America thanks in part to the development of next-generation sequencing technologies and innovative development. The United Kingdom is renowned for having a strong regulatory framework and for closely enforcing safety regulations for plumbing systems. Because they provide accurate control over water temperature, thermostatic mixing valves are essential to fulfilling these demands. Adherence to safety rules can generate long-term demand for TMVs across a range of applications. The United States also emphasizes energy efficiency and sustainable building practices. Commercial enterprises offering energy-efficient TMV solutions may find favorable opportunities in the market.
Companies such as Reliance Worldwide Corporation, Honeywell International Inc., Watts Water Technologies Company, Danfoss, Caleffi S.p.a., Hans Sasserath GmbH & Co. KG, Leonard Valve Company, MISUMI Group Inc., & Co. KG, and Bianchi F.lli S.P.A are the major manufacturers of thermostatic mixing valves market. Outstanding thermostatic mixing valve companies are investing vast capital investment in research & development activities for innovative, cost-effective & lead-free products. For instance, to compete with its competitors, they are introducing new thermostatic valves for residential and new mixing valves for commercial use.
In June 2021, A novel thermostatic mixing valve including a thermal disinfection function was introduced by Altecnic, a well-known hydronic solution company based in the United Kingdom
In October 2020, RWC introduced a new range of valves to meet the growing end-user demand. This move signifies the company's commitment to innovation and meeting the evolving needs of consumers
GLOBAL THERMOSTATIC MIXING VALVES MARKET, KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Royal Dutch Shell
Exxon Mobil Corporation
Reliance Worldwide Corporation
MISUMI Group Inc.
Honeywell International Inc.
Watts Water Technologies Company
Bradley Corporation
Armstrong International Inc.
Caleffi S.p.A
Afriso-Euro-Index GmbH
Pegler Yorkshire
ESBE Group