PUBLISHER: The Business Research Company | PRODUCT CODE: 1769862
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769862
Chilled water valves are specialized components designed to control the flow of chilled water within HVAC (heating, ventilation, and air conditioning) systems. They are essential for managing the temperature and distribution of chilled water to different areas of a building or industrial process, ensuring effective cooling performance.
The primary types of chilled water valves include 2-way and 3-way chilled water valves. A 2-way chilled water valve has two ports: one for the water inlet and one for the water outlet. These valves are made from various materials such as brass, stainless steel, plastic, cast iron, and bronze. They come in different operation types, including manual, automatic, electric, pneumatic, and hydraulic valves. These valves are used in heating, ventilation, and air conditioning systems, industrial processes, water treatment plants, refrigeration systems, and power plants, serving a range of end-users in commercial, residential, oil and gas, agriculture, and manufacturing sectors.
The chilled water valves market research report is one of a series of new reports from The Business Research Company that provides chilled water valves market statistics, including chilled water valves industry global market size, regional shares, competitors with an chilled water valves market share, detailed chilled water valves market segments, market trends and opportunities, and any further data you may need to thrive in the chilled water valves industry. The chilled water valves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chilled water valves market size has grown strongly in recent years. It will grow from $3.37 billion in 2024 to $3.58 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historic period can be credited to the rising demand for energy-efficient HVAC systems, expansion in commercial construction, urbanization in emerging markets, increased adoption of building management systems, and development of smart building infrastructure.
The chilled water valves market size is expected to see strong growth in the next few years. It will grow to $4.51 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period is driven by a rise in retrofit projects for existing buildings, growing demand for modular and scalable HVAC solutions, expansion of data centers needing precise cooling, government incentives promoting sustainable construction, and heightened focus on indoor air quality management. Key trends expected in the forecast period include advancements in valve automation technology, developments in Internet of Things (IoT)-enabled valve systems, improved sensor technologies, IoT-integrated smart valves, and cloud-based monitoring and control solutions.
The surge in high-rise constructions is expected to drive the growth of the chilled water valves market moving forward. High-rise constructions refer to tall buildings or structures with multiple stories that require elevators, advanced structural systems, and specialized engineering methods. The increasing demand for such constructions stems from urban land scarcity, which pushes development vertically to accommodate growing populations and business activities in limited spaces. This growth in vertical development demands efficient HVAC systems to provide adequate cooling across numerous floors, thereby boosting the need for chilled water valves that regulate chilled water flow within these systems. For example, in January 2024, the Council on Tall Buildings and Urban Habitat, a US-based non-profit, reported that 185 buildings over 200 meters tall were completed worldwide in 2023, a 12.8% increase from 164 buildings in 2022. Thus, the rise in high-rise construction will support the growth of the chilled water valves market.
Leading companies in the chilled water valves market are developing advanced solutions such as ball valves, designed to provide low pressure drop and minimal leakage. Ball valves manage fluid flow by rotating a hollow, spherical element inside the valve body to allow or block passage. For instance, in March 2024, Veris, a US-based provider of energy management solutions for commercial HVAC, introduced the VB2 Series Ball Valves and VZ2 Series Zone Valves. These valves are specifically designed for closed-loop HVAC hydronic heating and cooling systems, including chilled water applications. The VB2 Series supports both hot and chilled water systems and can handle mixtures containing up to 60% glycol, offering versatility for precise flow control in various HVAC environments.
In August 2024, ARI-Armaturen Albert Richter GmbH & Co. KG, a Germany-based valve manufacturer, acquired Warren Controls Inc. for an undisclosed amount. This acquisition expanded ARI's presence in the USA and reinforced its position as a global leader in the valve industry. Incorporating Warren Controls added valuable expertise in control valves, strengthening ARI's regional capabilities. Additionally, the acquisition broadens ARI's product portfolio, allowing it to offer customers a wider range of solutions and services. Warren Controls Inc. is a US-based manufacturer specializing in chilled water valves.
Major players in the chilled water valves market are Siemens AG, Honeywell International Inc., Johnson Controls International plc, Emerson Electric Co., Danfoss A/S, Xylem Inc., Pentair plc, Flowserve Corporation, IMI plc, Crane Co., Watts Water Technologies Inc., Zurn Elkay Water Solutions Corporation, Mueller Water Products Inc., Caleffi S.p.A., Belimo Holding AG, Victaulic Company, Bray International Inc., AVK Holding A/S, Taco Comfort Solutions Inc., Val-Matic Valve & Manufacturing Corporation, Nexus Valve Inc., and Bonomi North America Inc.
North America was the largest region in the chilled water valves market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in chilled water valves report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the chilled water valves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The chilled water valves market consists of sales of control valves, pressure-reducing valves, balancing valves, modulating valves, and thermostatic valves. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Chilled Water Valves Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on chilled water valves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for chilled water valves ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The chilled water valves market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.