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NEW YORK , Oct. 25, 2022 /PRNewswire/ -- The thermostatic radiator valve market size is expected to grow by USD 663.52 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 8.21% during the forecast period. The market has been segmented by product type (electronic TRV and self-operate TRV) and geography (Europe , APAC, North America , the Middle East and Africa , and South America ). Copper Pipe Press Fittings

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By geography, Europe will lead the thermostatic radiator valve market during the forecast period. The region will account for 42% of the market's growth. This growth is attributed to factors such as the increasing adoption of condensing boilers in heating systems. Moreover, market growth in this region will be faster than the growth of the market in APAC and South America . Germany and the UK are the key countries for the thermostatic radiator valve market in Europe .

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By product type, the electronic TRV segment will be the largest contributor to market growth during the forecast period. The popularity of electronic thermostatic radiator valves is increasing, and some of these are marketed as smart thermostats. Smart TRVs are devices that are designed to enable personalized, room-by-room heating control.

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The increasing adoption of condensing boilers in heating systems is driving the global thermostatic radiator valve market growth. Boilers can help save costs and reduce carbon emissions by using the gas produced by burning fuels such as gas and oil to heat water. The adoption of condensing boilers in heating systems is increasing. The installation of thermostatic radiator valves raises the efficiency of condensing boilers. These factors will fuel the growth of the global thermostatic radiator valve market during the forecast period.

The launch of new products is a key trend in the global thermostatic radiator valve market. thermostatic radiator valves regulate the flow of water through the radiator by sensing the surrounding air temperature. They are used for controlling the air temperature in zoned spaces in residential and commercial buildings. A thermostatic radiator valve is a self-regulating valve that modifies the hot water flow into a radiator. It is made up of two components, namely the valve head and the valve body. A capsule in the valve head contracts or expands, with a change in the ambient temperature. It moves a pin in the valve body, causing it either to open or close. Such factors will increase the market growth during the forecast period.

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Cryogenic Valves Market by End-user and Geography - Forecast and Analysis 2022-2026: This report extensively covers segmentation by end-user (oil and gas, chemicals, energy and power, food and beverage, and others) and geography (North America , Europe , APAC, South America , and Middle East and Africa ). 41% of the market's growth will originate from North America during the forecast period. The market share growth by the oil and gas segment will be significant.

Butterfly Valve Market by End-user and Geography - Forecast and Analysis 2022-2026: This report extensively covers segmentation by end-user (oil and gas industry, water and wastewater industry, power generation industry, chemical industry, and others) and geography (APAC, Europe , North America , South America , and Middle East and Africa ). 51% of the market's growth will originate from APAC during the forecast period. The market share growth in the oil and gas industry segment will be significant.

Thermostatic Radiator Valve Market Scope

Accelerate at a CAGR of 8.21%

Europe, APAC, North America, Middle East and Africa, and South America

US, China, Japan, Germany, and UK

Leading companies, Competitive Strategies, Consumer engagement scope

Caleffi SpA, ComAp AS, Danfoss AS, Fratelli Pettinaroli SpA, GIACOMINI Spa, Grundfos Holding AS, Herz Armaturen GmbH, Honeywell International Inc., I.V.A.R. SpA, IMI Hydronic Engineering Inc., Jurgen Schlosser Armaturen GmbH, Ningbo Jiangbei Ysincere Commodity and Hardware Manufacturing Co. Ltd., Purmo Group Plc, Schneider Electric SE, Siemens AG, SMR Enterprises Ltd., Vaillant Group, Zhejiang Hualong Valves Co. Ltd., American Steam Control, and Oventrop GmbH and Co. KG

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

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5 Market Segmentation by Product Type

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