November 3, 2021 at 09:15 EST | Source: Validated Market Research Validated Market Research
Boonton, New Jersey, U.S.
Jersey City, New Jersey, November 3, 2021 (GLOBE NEWSWIRE) - Verified Market Research recently released a report, "District heating valve market" by type (ball valve, gate valve, integral valve and short valve, butterfly valve), And by geography. According to the data of Verified Market Research, the global district heating valve market size in 2020 is US$1,068,366, and it is expected to reach US$14,56.44 million by 2028, with a compound annual growth rate of 4.09% from 2021 to 2028.
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Overview of the global district heating valve market
In district heating, these valves play a vital role in heat distribution and distribution centers and substations, and are used to control system connections. These valves are used to segment district heating and facilitate regular maintenance, maintenance and repairs, rather than shutting down the entire system completely. Ball valves, butterfly valves, integral valves, short valves, and gate valves are some of the main district heating valves used. The ball valve has gained an irreplaceable position in the district heating system and is the most used valve type. This is mainly due to its long service life, even when it is not used for a long time, compared with other valves, it has a reliable sealing performance. The global demand for heating systems is huge, which drives the demand for district heating solutions.
The growth of the market is mainly due to the increasing demand for energy-efficient and cost-effective heating systems. Compared with fossil fuel district heating, the environmental advantages of using district heating are driving the adoption of various countries. The government's strict regulation of carbon emissions and the continued adoption of heating systems will further promote the district heating valve market. Combined heat and power district heating (CHPDH) has become one of the most economical ways to reduce carbon emissions, which is promoting its adoption in various developed and developing countries. Due to the rapid adoption of smart cities, the growth of this market has been further promoted, and the growing population of major cities has led to global warming. Therefore, there is an urgent need for an efficient energy use system, such as district heating. District heating and cooling systems (DES) provide central heating and cooling for buildings in smart cities, which are connected to and powered by local utilities.
Due to the strong demand for solar district heating, the market is expected to grow at a strong rate. Therefore, different valves are required to effectively control the system connection. In addition, due to environmental issues, most industries and government agencies are replacing traditional district heating systems with solar district heating. Advanced infrastructure development, such as smart cities and planned construction, coupled with soaring investment in the installation of green building structures, provide a lot of opportunities for district heating valve suppliers because new buildings require heating systems. On the other hand, the high cost of raw materials and the high cost of manufacturing precision parts hindered the growth of the market.
The main players in the market are Danfoss, Broen (Aalberts), AVK Group, Samson, Klinger, COMEVAL VALVE SYSTEMS, Böhmer GmbH, etc.
Proven market research has segmented the global district heating valve market based on type and geographic location.
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