Global Pressure Independent Control Valves (PICV) Market to Reach US$280 mn by 2025

Publisher: QYResearch
Published Date: 2019/8/2

The global PICV market will witness significant growth because of the factors such as high control authority, automatic hydronic balancing, and longevity of the actuator by reducing the number of movements and temperature stability. In addition, it pressures independent control values to eliminate the circumstances at a partial level condition that has a substantial effect on the constancy of the room temperature. PICV also ensures impeccable working conditions, as the actuators are attached to them, which requires fewer movements to remain the temperature stable. This helps in increasing the actuators life and lowers the cost of maintenance. All the above mentioned factors are likely to create ample growth opportunities for the global PICV market over the forecast period.

According to the report, the global pressure independent control valves (PICV) market is likely to register a sluggish CAGR of 2.4% throughout the forecast period. The global PICV market is estimated to grow to US$280 mn by 2025 from US$230 mn in the year 2018.

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