What Is The Current and Historic Market Size Analysis Of The Thermostatic Mixing Valves TMVs Market?
The thermostatic mixing valves tmvs market has seen considerable growth due to a variety of factors.
• Over the past few years, the thermostatic mixing valves (TMVs) market size has experienced significant growth. The market is projected to increase from $1.15 billion in 2024 to $1.22 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.3%.
The growth experienced during this historic period is due to several factors. These factors include an increase in disposable income, a heightened awareness of preventing scalding and significant burn injuries, a rising demand for residential thermostatic valves, the implementation of safety regulations and standards across various industries, and the expansion of healthcare infrastructure.
What Is The Forecast For The Thermostatic Mixing Valves TMVs Market Size?
The thermostatic mixing valves tmvs market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of thermostatic mixing valves (TMVs) is anticipated to witness substantial growth in the upcoming years. The growth is forecasted to reach $1.54 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%.
The predicted growth during the forecast period is due to factors such as the expansion of residential and commercial construction sectors, increased funding in research and development initiatives, the growing emphasis on energy efficiency and sustainability, a boost in consumer needs for smart home integration, and the heightened recognition of the significance of temperature control for safety. Key trends during the forecast period comprise the increasing popularity of smart valve solutions, the adoption of intelligent and connected TMV devices, the transition towards lead-free thermostatic mixing valves (TMVs), the rising demand for eco-friendly thermostatic mixing valves, and continuous research in the creation of advanced products.
What Are The Essential Drivers Behind The Growth Of The Thermostatic Mixing Valves TMVs Market?
The rise of both residential and commercial construction industries is anticipated to spur on the growth of the thermostatic mixing valves (TMVs) market in the future. Residential construction essentially relates to building homes and apartments for habitation, while commercial construction involves creating spaces for commercial and institutional use. Increased residential and commercial construction activity can be linked to urbanization, population growth, economic development, focus on infrastructure investments, and the demand for residential and commercial spaces. Thermostatic mixing valves play an essential role in providing safety, comfort, and energy efficiency in these buildings, managing water temperature and improving user experience and operational effectiveness. For example, the United States Census Bureau, a US government agency, reported in July 2024 that the seasonally adjusted annual rate of privately-owned homes in June 2023 was 1.41 million, indicating a 4.4 % increase from the May 2023 rate of 1.31 million. Additionally, a report from the Center for Sustainable Systems, a US research center, stated in August 2023 that commercial building floor space is predicted to hit 124.6 billion square feet by 2050, marking a 29% increase from 2022. Consequently, it is the upswing in the residential and commercial construction sector that is fueling the thermostatic mixing valves (TMVs) market growth.
How Is The Global Thermostatic Mixing Valves TMVs Market Divided Into Key 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
Subsegments:
1) By Emergency Thermostatic Mixing Valves: Thermostatic Mixing Valves For Safety Showers, Thermostatic Mixing Valves For Eyewash Stations
2) By High Or Low Thermostatic Mixing Valves: High Flow Thermostatic Mixing Valves, Low Flow Thermostatic Mixing Valves
3) By Point-of-Use Thermostatic Mixing Valves: Residential Point-Of-Use TMVs, Commercial Point-Of-Use TMVs
4) By Standard Thermostatic Mixing Valves: Domestic Standard TMVs, Industrial Standard TMVs
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How Are New Trends Impacting The Size Of The Thermostatic Mixing Valves TMVs Market?
Companies leading in the thermostatic mixing valves (TMVs) marketplace are currently pursuing product innovation, particularly in creating lead-free thermostatic mixing valves. Such valves are aimed at mitigating the risks associated with lead contamination, while promoting enhanced regulation of water temperature, reliability, and efficiency. Lead-free TMVs are built to control water temperatures in plumbing systems without incorporating materials containing lead, thus addressing health concerns. Their purpose is to mix hot and cold water to maintain a specific temperature, safeguarding against scalding for both safety and comfort. For example, ESBE AB, a Swedish firm specializing in hydronic heating and cooling systems, rolled out the VTA300 series in April 2022, a lead-free thermostatic mixing valve variant with an anti-scald feature. This feature helps halt the hot water influx if the cold water supply fails, thus preventing scald injuries, making it an excellent fit for environments like nurseries or nursing homes that require extra caution. The valve maintains a steady water temperature for ultimate comfort and safety. Suitable for both domestic hot water and underfloor heating systems, it can be easily installed in varying arrangements including hot water circulation systems. The valve is designed to provide immediate access to hot water with minimal wastage and is constructed using durable, top-quality materials for improved energy efficiency and longevity.
Who Are the Key Players In The Thermostatic Mixing Valves TMVs Market?
Major companies operating in the thermostatic mixing valves (TMVs) market are:
• 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
What Are The Regional Insights Into The Thermostatic Mixing Valves TMVs Market?
North America was the largest region in the thermostatic mixing valves (TMVs) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the thermostatic mixing valves (TMVs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
