HVAC Valve Market

HVAC Valve Market Size

The global HVAC valve market size was valued at USD 16.2 billion in 2024 and is projected to grow at a CAGR of 8.1% between 2025 and 2034. The market is expanding primarily as a result of growth in construction activity across the globe. With increasingly more buildings being built, particularly cities, there increases the demand for heating, ventilation, and air conditioning (HVAC) for residential, industrial, as well as commercial applications. Valves play a significant role in HVAC systems by controlling fluid flow, pressure, and temperature.

Moreover, new buildings are increasingly being constructed with energy efficiency and smart technologies, thus driving the need for intelligent and automated HVAC valves even further. Big projects like office buildings, shopping malls, hospitals, and data centers demand sophisticated HVAC systems, and hence the demand for more sophisticated valves. As per the U.S. Census Bureau, total construction spending in the United States during 2023 stood at about USD 1.98 trillion, indicating the ongoing growth of the construction industry. This rise in construction work indirectly fuels the demand for HVAC systems and valves and thus makes the construction sector one of the key growth drivers for the market.

HVAC Valve Market Trends

• The HVAC valve industry is expanding with the demand for intelligent and IoT-integrated valves on the rise. Intelligent valves come with sensors, connectivity, and analytics that enable monitoring in real time, remote actuation, and automatic control of HVAC equipment. These valves enable facility managers to conserve energy, detect faults earlier, and execute maintenance before there are failures in equipment. It is cost-saving and increases the equipment lifespan.
  
• These valves are also Internet of Things (IoT) and Building Management System (BMS) compatible, thus easy to install in smart buildings. Buildings consume 40% of all the energy that is consumed in the United States, as per the U.S. Department of Energy, and smart technologies such as these valves are the reason behind decreased energy consumption.
  
• This is particularly true in commercial and industrial settings, where there is the highest demand for sustainability and efficiency. As more buildings adopt green technology and automation, smart HVAC valves will further increase.
  

Trump Administration Tariff

• Trump's administration tariffs immensely impacted the market for HVAC valves by raising prices above what they were and distorting supply chains. Tariffs on key materials and components, particularly Chinese, Canadian, and Mexican, raised the cost of steel, aluminum, and electronics utilized in making HVAC valves.
  
• The U.S. Census Bureau reported that 12% fewer steel imports occurred in 2018 following tariffs being enforced, which mirrors the margin hike in costs. Most companies transferred such additional production costs to consumers, as HVAC machinery was increasingly costly. Firms re-routed supply chains to other nations such as Vietnam and Mexico to mitigate the effects of tariffs. Small- and medium-sized enterprises (SMEs) were hit the hardest, as they did not have the resources to cope with increased costs or change quickly. But the tariffs also stimulated innovation, accelerating the pace of progress of smart HVAC technologies that depend less on outdated hardware. Although the tariffs created temporary disruption, they forced the industry to diversify geographically and innovate.
  

HVAC Valve Market Analysis

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Based on the valve type, the HVAC valve industry is divided into ball valves, globe valves, butterfly valves, check valves, gate valves, pressure relief valves, control valves, and solenoid valves, and others. In 2024, ball valve dominated for around 4.3% market share and is expected to grow at a CAGR of over 8.8% till 2034.

• Ball valves is leading HVAC valves due to their superiority in performance and adaptability. They are subjected to widespread use in new installations as well as retrofitting. They are best applicable for airflow management and fluid flow management in an HVAC system due to their simple structure and tight shut-off action. Low torque operation, close seal, and high life are some of the observed characteristics that provide efficiency and asepsis in heating and cooling applications.
  
• Ball valves also support automation technologies and therefore can be integrated into smart HVAC systems. As more buildings become integrated with IoT and energy management solutions, motorizable or building management system connectable valves are becoming increasingly in demand. Ball valves serve this purpose admirably. They are also easy to maintain, inexpensive, and able to manage big ranges of temperatures and pressures and are thus a superior option over other valves such as butterfly valves or globe valves. The HVAC system consumes around 40% of energy in commercial structures, and the use of efficient parts such as ball valves can lower energy consumption to a considerable extent, according to the U.S. Department of Energy. These features are making ball valves dominant players in the market.

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Based on end-use, the HVAC valve market is segmented into residential, commercial and industrial. In 2024, the commercial segment dominates the market with 66% market share and is expected to grow at a CAGR of over 7.9% from 2025 to 2034.

• Offices, malls, hospitals, hotels, data centers, and schools are commercial buildings that need more complex heating, ventilation, and air conditioning (HVAC) than residences or small industrial plants. The commercial end-use segment, therefore, accounts for the most significant market within the HVAC valve market. They have centralized and large HVAC systems that need fluid and air flow regulated with accuracy. This requires an increased demand for different valves in ensuring comfort and efficiency.
  
• Most commercial buildings are embracing smart and energy-efficient HVAC systems to comply with government standards, reducing costs, and gain green certifications such as LEED. For instance, commercial buildings contribute approximately 18% of total energy consumption in the United States, hence the need to embrace energy-saving technologies, as reported by the U.S. Department of Energy. This trend increases the need for automated HVAC valves that can be incorporated in Building Management Systems (BMS). Urban infrastructure growth and construction of new commercial developments, particularly in emerging economies, also contribute towards the growth of this segment. Refurbishing and maintenance of existing commercial structures on a regular basis also increases the need for valve replacement, thus making this segment strong in the market.
  

Based on the operation type, the HVAC valve industry is segmented into manual, pneumatic, hydraulic, electric, and smart/connected. In 2024, the electric segment dominates the market and is expected to grow at a CAGR of over 7.3% from 2025 to 2034.

• Electric valves are dominating the growth in the HVAC valve market because of their alignment with building control trends, building automation, and energy efficiency. Electric valves are desired because they are precise in their control, they are reliable, and they support current systems such as Building Management Systems (BMS) and Internet of Things (IoT) technologies.
  
• As buildings get smarter and more connected, the demand for electric valves has grown. They can be directly integrated into automated HVAC systems, making it possible to monitor them in real time and control them remotely.
  
• Efficiency in energy use is also one of the key reasons for using electric valves. The United States' buildings account for about 40% of the nation's total energy usage, according to the U.S. Department of Energy. Such energy-conserving technologies as electric valves are absolutely essential.
  
• Electric valves improve flow control and temperature control, leading to lower energy use and better system performance. They also facilitate predictive maintenance through feedback from system operation, minimizing downtime and lowering repair expenses. Additionally, electric valves have lower maintenance than hydraulic or pneumatic systems and are therefore more cost-effective eventually.

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In 2024, U.S. in North America dominated the HVAC valve market with around 67% market share and is estimated to cross USD 6.6 billion by 2034, driven by strict energy efficiency regulations and sustainability. The United States Department of Energy (DOE) has put strict efficiency regulations on energy, such as the Energy Star program, which is encouraging the adoption of efficient HVAC systems. Similarly, Canada's Energy Efficiency Regulations are encouraging the adoption of efficient technologies. These regulations are fueling the need for smart valves, especially intelligent and IoT-based valves, in an effort to conserve energy and comply with regulations. The region is also focusing on smart buildings and automation, which require Building Management System (BMS)-compatible HVAC valves. Retrofitting, or the addition of new HVAC systems to existing buildings, is also fueling new valve solution demand.

The HVAC valve market in Germany is expected to experience significant and promising growth from 2025 to 2034.

• The usage of HVAC valve in Europe is increasing due to green and sustainability building policies. European Union has stringent environment laws, i.e., the Energy Performance of Buildings Directive (EPBD), which drive energy-efficient HVAC products in new as well as existing buildings. Regulations are compelling superior quality energy-saving and system-improving HVAC valves and uptake. Europe's smart building and urbanization are also pushing the need for IoT and automatic-based HVAC systems. They are sophisticated valves that control heat, airflow, and cooling. If Europe remains committed to sustainability, the HVAC valve market will continue to grow steadily too.
  

The HVAC valve industry in China is expected to experience significant and promising growth from 2025 to 2034.

• The HVAC valve industry in Asia-Pacific is expanding rapidly with urbanization, industrialization, and infrastructure growth, particularly in China, India, and Southeast Asia. These countries are experiencing the increase in home, office, and industrial building constructions, which require advanced HVAC systems to improve climate conditions. APAC's expanding middle class is also driving energy-efficient HVAC system demand. Local governments are fostering energy efficiency and green buildings. For instance, China's 14th Five-Year Plan puts the spotlight on energy-saving technology, while India's Energy Conservation Building Code (ECBC) encourages energy-efficient buildings. As cities grow and urbanize, demand for HVAC equipment, including valves, will remain robust.
  

HVAC Valve Market Share

• The top players in the HVAC valve industry are Johnson Controls, Honeywell, Siemens, Schneider Electric, and Belimo. The market leaders stay ahead by combining energy-efficient product innovation, strategic partnerships, and smart technology integration with robust worldwide distribution. Both Honeywell and Johnson Controls are smart, sustainable HVAC solution providers with robust R&D and strategic partnerships.
  
• Siemens leverages its digital automation power to deliver top-of-the-line control valves for smart buildings. Schneider Electric excels in energy management and tailor-made customer solutions, and Belimo excels in actuator and control valve technology, having researched combined sensors for the past couple of years.
  
• All Belimo, Johnson Controls, Honeywell, Siemens, and Schneider Electric have full lines of valves including ball valves, butterfly valves, globe valves, and pressure independent control valves (PICVs), each of which is often packaged with smart actuators for auto and energy-efficient operation. Danfoss and Bray have similar valve products that are built with reliability and system performance in mind for use in commercial and industrial HVAC system applications. Flowserve and Samson offer durable globe and butterfly valves that can be employed in high-performance applications. AVK, Mueller Industries, Pentair, and IDC are some entities that offer base valve technologies such as gate, ball, and globe valves, which are simply deployable in both water and HVAC systems.
  
• Nexus Valve specializes in hydronic control and balancing solutions in the form of PICVs and balancing valves. Siemens and Schneider Electric pair their valves with building automation systems to enable smart infrastructure. Each of the three companies leverages its strength - digital innovation, mechanical excellence, or system integration to provide valves that enable energy efficiency, accurate flow regulation, and acoustic HVAC system performance.
  

HVAC Valve Market Companies

Major players operating in the HVAC valve industry are:

• AVK
• Belimo
• Bray
• Danfoss
• Flowserve
• Honeywell
• IDC
• Johnson Controls
• Mueller Industries
• Nexus
• Pentair
• Samson
• Schneider Electric
• Siemens
  

HVAC Valve Industry News

• In October 2024, Danfoss Introduces EVR and NRV Safety Valves to Comply with Strict UL 60335-2-40 and UL 60335-2-89 Requirements. With the industry being subjected to more stringent safety regulations in the area of refrigerant leakage, the Danfoss EVR solenoid valves and NRV check valves are a means of isolating flammable charges of refrigerant (A2L, A2, or A3) in the event of leakage and thus limit the total releasable charge in high capacity systems. With compliance with the strict UL standards, the Danfoss valves are an essential element for manufacturers, installers, and operators looking for compliance and increased system security.
  
• In March 2024, Belimo is extending its portfolio of control butterfly valves with reliable and innovative valves in sizes DN 100 to DN 150 or 4 to 6 inches. Besides the optimization of heating and cooling water circuits, they also guarantee trouble-free operation of HVAC systems. Due to their linear characteristic curve, valves can also be employed as 3way control valves for mixing and distribution applications.
  

The HVAC valve market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipment (Units) from 2021 to 2034, for the following segments:

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Market, by Valve Type

• Ball valves
• Globe valves
• Butterfly valves
• Check valves
• Gate valves
• Pressure relief valves
• Control valves
• Solenoid valves
• Others

Market, By Operation Type

• Manual
• Pneumatic
• Hydraulic
•  Electric
• Smart/Connected

Market, By Application

• Heating systems
• Cooling systems
• Ventilation systems
•  district cooling
• Refrigeration

Market, By End Use

• Residential
• Commercial
  • Office buildings
  • Retail
  • Hospitality
  • Healthcare
  • Educational institute
  • Others 
• Industrial
  • Oil and Gas
  • Manufacturing
  •  Food and beverages
  • Pharmaceuticals
  • Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa