Thermostatic Mixing Valves Market

Market Study on Thermostatic Mixing Valves: Rapid Rise in Demand to Be Seen from Residential Sector

Thermostatic Mixing Valves Market Segmented By capacity such as Below 12 Gallons Per Minute (GPM), 12-30 Gallons Per Minute (GPM), 30-70 Gallons Per Minute (GPM), Above 70 Gallons Per Minute (GPM) with finish such as Self Color Brass, Nickel Plated

Thermostatic Mixing Valves Market Outlook (2022-2032)

Newly-released data on the thermostatic mixing valves market shows that global sales are expected to reach around 6.6 Mn units in 2022, registering Y-o-Y growth of 4.1%. The global thermostatic mixing valves (TMV) market is slated to expand at 4.8% CAGR to reach a valuation of US$ 1.82 Bn by 2032.

Thermostatic Mixing Valves Market Size (2021A)

US$ 1.1 Bn

Projected Year Value (2032F)

US$ 1.82 Bn

Value CAGR (2022-2032)

4.8%

Collective Value Share: Top 3 Countries (2022E)

56.4%

As of 2022, standard thermostatic mixing valves hold between 30% and 35% of the global market value share, and are projected to register a CAGR of around 3.4% over the projection period of 2022 to 2032.

As per the research, Persistence Market Research has anticipated that thermostatic mixing valves consumption (units) across the world is expected to witness a growth rate of 4.5% through 2032. North America is anticipated to remain a prominent regional thermostatic mixing valves market, expanding at a CAGR of 4.3% during the same period.

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Companies

  • Reliance Worldwide Corporation
  • MISUMI Group Inc.
  • Honeywell International Inc.
  • Watts Water Technologies Company
  • Danfoss A/S
  • Bradley Corporation
  • Armstrong International Inc.
  • Caleffi S.p.A
  • Afriso-Euro-Index GmbH
  • Pegler Yorkshire
  • ESBE Group
  • Hans Sasserath GmbH & Co. KG
  • Bianchi F.lli S.P.A
  • Leonard Valve Company
  • Geann Industrial Co. Ltd.

Consumption Analysis of Thermostatic Mixing Valves from 2017 to 2021 Vs Market Outlook for 2022 to 2032

Revenue from the sales of thermostatic mixing valves, including their application in residential, commercial, and industrial, collectively totalled close to US$ 1 Bn in 2021. The market witnessed a growth rate of around 1.7% from 2017 to 2021, and is slated to expand at 4.8% CAGR over the 2022 to 2032 projection period.

Drastic change in CAGR from the historic to the projected period is expected due to increasing demand for TMVs from various application areas. In the recent past, demand for thermostatic mixing valves has risen due to increasing awareness regarding safety from scalding injuries, especially amongst children and the elderly. Also compulsion for use of thermostatic mixing valves with TMV-2 and TMV-3 certifications has boosted market growth.

Furthermore, recovery in the residential and commercial construction sector will drive demand for plumbing and water solutions, which will positively impact the consumption of thermostatic mixing valves as well.

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What are the Key Opportunities for Thermostatic Mixing Valve Manufacturers across the Globe?

“Growing Construction Sector Augmenting Demand for TMVs”

Growing application of watt mixing valves in hot water solutions in residential & commercial applications (thermostatic mixing valves for showers, thermostatic mixing valves for sinks, and thermostatic mixing valves for plumbing) is generating huge demand across the globe, especially in the North American and European regions. Ongoing growth in the construction sector has also provided a positive outlook to the demand growth of commercial mixing valves.

“Small-sized TMVs Witness High Application in Hot Water Systems”

Thermostatic valves, especially lead-free mixing valves, are widely used for plumbing solutions in the residential & commercial sector for general purpose applications such as showers, face wash, eyewash, and others. Growing residential sector in developing countries is driving market growth. These small-sized TMVs are also used in the industrial sector for boiler applications.

Additionally, growing awareness regarding protection from scalding and major burn injuries from hot water has fueled market growth. According to research by the American Burn Association, every year, around 500,000 cases of scalding occur, and every day, 2 children die from burn injuries.

Governments in various regions have made it compulsory to install thermostatic control valves for hot water solution applications. Various regulatory bodies have started campaigns to promote the use of TMVs for plumbing applications while using hot water systems.

“Continuous R&D by TMV Manufacturing Companies”

In the market for thermostatic mixing valves, one of the prominent trends observed amongst prominent players is investing in research & development activities for the development of new & innovative products, apart from providing high-quality products with high safety parameters.

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What is Hindering Market Growth of Thermostatic Mixing Valves to Some Extent?

“Rising Popularity of Smart Valve Solutions Impacting TMV Demand”

In the era of technological advancements & developments, various competitive products can impact the growth of the market. Digital and electronically controlled valves are gaining momentum, which is negatively affecting demand growth of the thermostatic binding valves market.

Various regulations related to the production & maintenance of TMVs has also a small but prominent impact on the market. Thermostatic mixing valve price plays a pivot role in the market, as there is the presence of a significant amount of global as well as regional players. Low price offerings by local players can impact the sales of prominent temperature mixing valve suppliers over the coming years.

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Country-wise Analysis

What’s Motivating Thermostatic Mixing Valve Suppliers to Expand in the U.K.?

“Growing Consumer Base for TMVs in the U.K.”

The U.K. is anticipated to remain a prominent thermostatic mixing valves market in the terms of both, production and consumption. The U.K. is estimated to contribute around 30% to the total revenue generated from the sales of thermostatic mixing valves across Europe in 2022.

The U.K. is one of the fastest-growing markets for thermostatic mixing valves in the Europe due to its weather conditions. The country sees very high demand for hot water systems, which is key factor behind the excessive demand for TMVs.

With the presence of a strong consumer base in the country coupled with significant growth in disposable income, demand for thermostatic mixing valves in the U.K. will significantly increase over the coming years.

What is the Thermostatic Mixing Valves Market Scenario in the U.S.?

“Strict Regulations Regarding TMVs in the U.S.”

In 2022, thermostatic mixer demand in the U.S. is anticipated to grow 3.8% year-on-year. Across the whole of North America, sales of thermostatic mixing valves are expected to account for more than 45% of the global market share.

The U.S. is expected to see high demand through the forecast period due to high number of new constructions and increasing infra investments by local governments.

Due to high rate of scaling incidents in the country, various regulations also have been applied on the adoption of thermostatic mixing valves that compel TMV manufacturers to certify their products with different regulatory bodies.

Category-wise Insights

Which Thermostatic Mixing Valve Application Will Remain Significant?

“Residential Sector to Drive High Demand for TMVs”

The residential sector is expected to see prominent growth in the global market for thermostatic mixing valves, as these valves are widely used for plumbing solutions.

TMVs provide very high safety in plumbing solutions for the safe, accurate, and constant flow of temperature-controlled water. Regardless of how supply temperatures or pressures vary over time, the temperature remains exactly as desired due to TMV usage.

Which Nominal Diameter of Thermostatic Mixing Valves is Most Demanded?

“DN 15 TMVs Gaining Immense Popularity”

By nominal diameter, DN 15 TMVs are leading the market; these valves have high demand from the residential and commercial sectors as these places are mostly equipped with 15 mm diameter pipes owing to high pressure and less capacity of water requirements.

The DN 15 segment is expected to expand at a high growth rate of 4.6% during the forecast period of 2022-2032.

Which Thermostatic Mixing Valve Type Has High Growth Potential?

“High Demand for Point-of-Use TMVs”

Point-of-use thermostatic mixing valves has high growth potential as these valves is highly in demand for plumbing solutions for different purposes, owing to their advantages of providing hot water with a pre-set temperature before the point of usage of water.

The point-of-use TMV segment is expected to progress at a high growth rate and generate opportunity worth US$ 252.5 Mn by 2032.

Competitive Landscape

Key TMV producers are focusing on strategic expansions to increase their geographical presence through acquisitions, mergers, and collaborations. Moreover, Getting TMV2 and TMV3 certifications for their products is trending amongst manufacturers as various regulatory bodies have made it compulsory to have these certifications to be used in commercial applications Many prominent players are investing huge amounts in R&D activities to introduce innovative, cost-effective, and lead-free TMVs into the market.

Some of the key developments are:

  • In October 2020, RWC launched its new range of valves by combining the technologies of RWC and John Guest (JG) Speedfit. The new range of valves is available with push-fit connections from JG Speedfit, a manufacturing company.
  • In February 2020, Bradley Corporation introduced a new thermostatic mixing valve for commercial applications. The new navigator TMV saves installation time and conserves space.
  • In February 2019, Afriso-Euro-Index-GmbH introduced a new ATM 363 WMG thermostatic mixing valve for drinking water systems, boilers, and water heaters.

Similarly, other key developments related to companies manufacturing thermostatic mixing valves have been tracked by the team at Persistence Market Research, which are available in the full report.

Thermostatic Mixing Valves Industry Report Scope

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

  • US$ Mn for Value
  • Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East and Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia and New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Nominal Diameter
  • Capacity
  • Valve Type
  • Application
  • Region

Key Companies Profiled

  • Reliance Worldwide Corporation
  • MISUMI Group Inc
  • Honeywell International Inc
  • Watts Water Technologies Company
  • Danfoss A/S
  • Bradley Corporation
  • Armstrong International Inc.
  • Caleffi S.p.A
  • Afriso-Euro-Index GmbH
  • Pegler Yorkshire
  • ESBE Group
  • Hans Sasserath GmbH & Co. KG
  • Bianchi F.lli S.P.A
  • Leonard Valve Company
  • Geann Industrial Co. Ltd

Pricing

Available upon Request

Key Segments Covered in Thermostatic Mixing Valves Industry Research

Thermostatic Mixing Valves Market by Nominal Diameter:

  • DN 15 Thermostatic Mixing Valves
  • DN 20 Thermostatic Mixing Valves
  • DN 25 Thermostatic Mixing Valves

Thermostatic Mixing Valves Market by Capacity:

  • Up to 5 GPM Thermostatic Mixing Valves
  • 5 to 10 GPM Thermostatic Mixing Valves
  • 10 to 15 GPM Thermostatic Mixing Valves

Thermostatic Mixing Valves Market by Valve Type:

  • Emergency Thermostatic Mixing Valves
  • High/Low Thermostatic Mixing Valves
  • Point-of-Use Thermostatic Mixing Valves
  • Standard Thermostatic Mixing Valves

Thermostatic Mixing Valves Market by Application:

  • Residential Thermostatic Mixing Valves
  • Commercial Thermostatic Mixing Valves
  • Industrial Thermostatic Mixing Valves

Thermostatic Mixing Valves Market by Region:

  • North America Thermostatic Mixing Valves Market
  • Latin America Thermostatic Mixing Valves Market
  • Europe Thermostatic Mixing Valves Market
  • East Asia Thermostatic Mixing Valves Market
  • South Asia & Pacific Thermostatic Mixing Valves Market
  • Middle East & Africa Thermostatic Mixing Valves Market

- FAQs -

The global thermostatic mixing valves market is estimated to be valued at over US$ 1.1 Bn in 2022.

Growing awareness for protection against scalding injuries and innovation of lead-free TMVs are key growth factors for the market.

TMV sales are projected to increase at 4.8% CAGR and be valued at around US$ 1.82 Bn by 2032-end.

Acquisitions and mergers, expansions, collaborations, and investments in R&D by key players are being witnessed in this industry.

The U.S., Canada, Germany, U.K., and Australia & New-Zealand are driving most demand for thermostatic control valves.

The Germany TMV market in is set to expand at 4.7% CAGR through 2032.

The U.K., U.S., Italy, and China are major producers and exporters of TMVs.

Together, Japan and S. Korea are projected to hold 45% share in the global market by 2032.

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