Increasing Construction Activities and Safety Regulations to Steer Thermostatic Mixing Valve Market Past US$ 1,898.7 Million in 2033 | Future Market Insights, Inc.

NEWARK, Del. , Jan. 8, 2024 /PRNewswire/ -- Safety rules the hot water: TMV market poised for sizzle - FMI. Building codes simmer, fueling demand for TMVs as vital safety heroes. Lucrative opportunities await manufacturers & distributors. Dive deeper: explore our report and claim your stake in this burgeoning market.

The Global Thermostatic Mixing Valve Market value is anticipated to increase from US$ 1,191.4 million in 2023 to US$ 1,898.7 million by 2033. Over the forecast period, thermostatic mixing valve sales are projected to surge at 4.8% CAGR.

Request Exclusive Sample Report: Thermostatic Mixing Valve Market Strategic Insights https://www.futuremarketinsights.com/reports/sample/rep-gb-18783

Thermostatic Mixing Valves Market Driving Factors

Multiple factors are expected to stimulate the growth of the thermostatic mixing valve industry during the assessment period. These include rapid urbanization, a growing construction sector, rising demand for smart plumbing solutions, and the implementation of stringent safety regulations.

Thermostatic mixing valves (TMVs) have become essential plumbing devices across residential, commercial, and industrial sectors. This is because these solutions help prevent scalding, especially in baths and showers where abrupt changes in water temperature can be dangerous.

The growing use of thermostatic mixing valves in the residential sector is set to drive the global market forward. Similarly, thermostatic mixing valve demand is expected to rise due to enhancing laws by various regulatory bodies to use thermostatic mixing valves for plumbing applications.

A key trend observed in the thermostatic mixing valve market is the ongoing investments in new product development. Manufacturers are focused on providing cost-effective and innovative solutions for consumers. As a result, they are coming up with novel solutions.

Other factors expected to create growth opportunities for TMV manufacturers include:

•  Growing awareness towards safety from the scalding in child care & nursing homes

•  Rising focus on energy efficiency

•  Surging prevalence of waterborne disease

•  Increasing construction activities, especially in developing regions

Key Takeaways from Market Study-

•  Global sales of thermostatic mixing valves are expected to total US$ 1,898.7 million by 2033.

•  By application, the residential segment is poised to witness a CAGR of 4.6% through 2033.

•  By nominal diameter, the DN 20 segment is set to advance at a 5.3% CAGR between 2023 and 2033.

•  Sales in the United Kingdom are projected to rise at a 6.5% CAGR through 2033.

•  The United States market value is anticipated to reach US$ 630.2 million by 2033.

"Rising awareness toward safety from scalding is a key factor behind the growth of the thermostatic mixing valve industry. Besides this, expanding construction activities across developing regions will likely create growth prospects for TMV manufacturers," says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Thermostatic Mixing Valves Market Research Report Scope:

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

Recent Developments Thermostatic Mixing Valve Market:

•  In October 2020, a new range of valves was introduced by RWC to meet growing end user demand.

•  In February 2020, a new thermostatic mixing valve was launched by Bradley Corporation for commercial applications.

Get More Valuable Insights

Future Market Insights (FMI), a research and consulting firm, has published a new market research report on the global thermostatic mixing valve market that contains industry analysis of 2018 to 2022 and opportunity assessment for 2023 to 2033.

The report provides in-depth analysis of the market based on nominal diameter, valve type, application, and region. The report also provides supply and demand trends along with an overview of the parent market.

About Future Market Insights (FMI) – Industrial Automation

The industrial automation team at Future Market Insights (FMI) covers a broad array of products used extensively in the manufacturing industry. The team has compiled comprehensive market research reports on gears, valves, bearings, special purpose machinery, and other key segments in this evolving landscape. In addition to offering syndicated market research studies, the team has consulted clients from all across the globe on their unique, strategic needs. Need help with your next project? Feel free to reach out.

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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