The thermostatic mixing valves (TMVs) market has witnessed strong growth in recent years, anticipated to increase from $1.09 billion in 2023 to $1.15 billion in 2024, corresponding to a CAGR of 5.7%. This historic growth is largely due to rising disposable income, awareness regarding protection against scalding and severe burn injuries, increased demand for residential thermostatic valves, implementation of safety regulations across various industries, and an expansion in healthcare infrastructure. For the next few years, the thermostatic mixing valves market size is expected to rise to $1.46 billion in 2028, with a CAGR of 6.1%. This projected growth is attributable to the burgeoning residential and commercial construction sectors, increased investment in research and development, a focus on energy efficiency and sustainability, a surge in consumer demand for smart home integration, and rising awareness of the importance of temperature control for safety. Major trends expected in this period include the rising popularity of smart valve solutions, adoption of smart and connected TMV devices, a shift toward lead-free TMVs, demand for eco-friendly products, and ongoing research aimed at developing advanced solutions.
Global Thermostatic Mixing Valves (TMVs) Market Key Driver
The increasing residential and commercial construction sector is set to advance the thermostatic mixing valves (TMVs) market. Urbanization and economic development are driving this growth, with TMVs ensuring safety and efficiency in buildings. The US Census Bureau reported that privately owned homes were built at a rate of 1.41 million in June 2023, 4.4% higher than the previous month, indicating strong construction activity.
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Global Thermostatic Mixing Valves (TMVs) Market Segments
The thermostatic mixing valves (TMVs) market covered in this report is segmented –
1) By Valve Type: Emergency Thermostatic Mixing Valves, High Or Low Thermostatic Mixing Valves, Point-Of-Use Thermostatic Mixing Valves, Standard Thermostatic Mixing Valves
2) By Nominal Diameter: Nominal Diameter (DN) 15, Nominal Diameter (DN) 20, Nominal Diameter (DN) 25
3) By Capacity: Up To 5 Gallons Per Minute (GPM), 5 To 10 Gallons Per Minute (GPM), 10 To 15 Gallons Per Minute (GPM)
4) By Application: Residential, Commercial, Industrial
By Geography:The regions covered in the thermostatic mixing valves (TMVs) market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the thermostatic mixing valves (TMVs) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Thermostatic Mixing Valves (TMVs) Industry Players
Honeywell International Inc., Danfoss A/S, Pegler Yorkshire Group Limited, Watts Water Technologies Company, Bradley Company LLC, Reliance Worldwide Corporation, Caleffi S.p.A, Cole-Parmer Instrument Company LLC, Morris Group International Inc., Hans Sasserath GmbH & Co. KG, ThermOmegaTech Inc., Armstrong International Inc., Galvin Engineering Pty Ltd., ESBE AB, Encon Safety Products Inc., Lehry Instrumentation and Valves Pvt Ltd., Leonard Valve Company, Geann Industrial Co. Ltd., Afriso-Euro-Index GmbH, Bianchi F.lli S.P.A, Dolphy India Pvt. Ltd., Pissente
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Thermostatic Mixing Valves (TMVs) Market Overview
Thermostatic mixing valves (TMVs) are devices that control water temperature in plumbing systems by blending hot and cold water to ensure a steady, safe temperature at faucets and showers. They help prevent scalding and burns, protecting sensitive individuals and ensuring consistent comfort. Thermostatic mixing valves (TMVs) also improve energy efficiency by minimizing the need for excessive heating or cooling.
Thermostatic Mixing Valves (TMVs) Global Market Report 2023 provides data on the global thermostatic mixing valves (tmvs) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The thermostatic mixing valves (tmvs) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
