Global Market Study on Backflow Preventers Market: Emerging Economies to Pave the Way for Growth
The global backflow preventers market is anticipated to grow 1.4 times its current market value by the end of the forecast period. Backflow prevention devices help in mitigate the reversal of the flow of source of contamination into a portable water system that could lead to faulty operations. Backflow preventers have been finding significant adoption in applications to protect drinking water from pollution due to backflow of contaminated fluid. Over the years, concerns regarding the consumption of polluted water and its adverse effects on health and liability have significantly increased, thus pushing the adoption of backflow preventers.
Sales of backflow preventers are anticipated to proliferate on the back of growing demand in residential, industrial, and construction sectors. Moreover, the surging adoption in the plumbing codes in North America and Europe are also contributing to the overall growth of the market.
Market Players Eye on Reduced Pressure Zone Segment to Leverage High Need
The market is segmented on the basis of product type into atmospheric vacuum breaker, reduced pressure zone, and double-check valve assembly. Among the product types, the atmospheric vacuum breaker is anticipated to remain the most sought-out product owing to a high preference among consumers. Likewise, as market players shift to focus on offering solutions for reduced pressure zones, the reduced pressure zone segment is expected to witness excellent growth during the forecast period.
On the other hand, the double check valve assembly is anticipated to remain on the lower side of the assembly. On the basis of end-users, the residential plumbing sector is expected to channel the majority of revenue, owing to the high adoption of the backflow preventers market. On the other hand, an account of increasing adoption in the industrial sector is recording remarkable growth in its market value.
Emerging Economies Hold Tremendous Growth Potential
North America and Europe are anticipated to cumulatively hold the lion's share in the global market value of the backflow preventers market. The dominance of these developed economies is attributed to high awareness among consumers regarding the adverse effects of consuming contaminated water, coupled with high levels of disposable incomes. On the other hand, the market is set for tremendous growth in the Asia Pacific, owing to the increasing adoption of backflow preventers in emerging economies such as India and China.
Furthermore, government bodies and private organizations have scaled-up their spending on the purification systems of drinking water. Moreover, India is anticipated to bestow lucrative revenue opportunities to the market growth, backed by increasing awareness and high private expenditure, and will metamorphose into a leading regional market for backflow preventers in the years to come.
Competitive Landscape of Global Backflow Preventers Market
Market players of the global backflow preventers market understanding the consumer requirements and adapting evolving technologies to provide effective solutions. Moreover, the market players are focusing on developing effective products for reduced pressure zones, and are investing in research and development (R&D) activities to achieve the same.
XploreMR, in its latest study on the backflow preventers market, offers a detailed value analysis of the backflow preventers market on the basis of various segments such as product type, material type, end use, and region.
By product type, the atmospheric vacuum breakers segment is projected to be a prominent segment in terms of unit sales. However, with respect to market size, the reduced pressure zones segment is expected to be a prominent segment in the global backflow preventers market. From a macroeconomic point of view, a positive outlook for the residential and commercial construction industry will create substantial opportunities for participants in the backflow preventers market across the globe.
The backflow preventers market report covers the market analysis through basis point analysis (BPS), incremental dollar opportunity index, market attractiveness analysis, and Y-o-Y growth. The market analysis for the backflow preventers market value has been considered in US $ million and market volume in ‘000 units, covering data for the historical period 2014–2018 and forecast period 2019–2029, with 2018 as the base year.
An Overview of the Backflow Preventers Market Report Chapters
This global backflow preventers market report consists of around 19 sections that elaborate on market numbers in terms of volume in ‘000 units and value in US$ at regional and global levels. The backflow preventers market report begins with an executive summary covering a gist of the report. The executive summary highlights the global backflow preventers market overview in terms of value through various segments. This section also includes an overview of the key supply- and demand-side trends in the global backflow preventers market, with analysis and recommendations from XploreMR’s point of view. The next section covers the global backflow preventers market introduction, including the taxonomy by different segments covered in the study; key success factors to the market; and definitions of the segments considered in the global backflow preventers market.
In the next section, we have included market viewpoints that include macroeconomic factors, forecast factors, and value chain analysis, along some qualitative data with reference to the global backflow preventers market. This section also covers the market dynamics, which includes several drivers responsible for the growth of the backflow preventers market, restraining factors, opportunities in the market, and trends with respect to global as well as regional markets.
The next section of the global backflow preventers market report includes qualitative and quantitative analysis of the backflow preventers market by every segment considered. The report also includes an additional section with detailed analysis of the market for three emerging countries - China, India, and Australia.
This backflow preventers market report focuses on analysing the market opportunities, and getting a detailed understanding of the backflow preventers market. The report elaborates on the regional analysis, market dynamics, market intensity, market structure, and competition landscape of the backflow preventers market for the next ten years, i.e. 2019-2029.
Each section of the backflow preventers market report includes a qualitative and quantitative assessment of the market on the basis of historical data or developments and facts, and key opinions collected from various end-use industry participants through primary interviews, annual reports, newsletters, press releases, etc.
The report studies some of the major players in the backflow preventers market, such as Watts Water Technologies Company, Emerson Electric Co., Honeywell International, Zurn Industries LLC, TALIS Management Holding GmbH, EnviroFALK GmbH, Conbraco Industries Inc. Caleffi S.p.a. Hans Sasserath GmbH & Co. KG Gebr Kemper UK & Ireland Ltd, Beulco Gmbh & Co. Kg, and W.W. Grainger, Inc.
Backflow Preventers Market: Segmentation
By Product Type
By Material Type
The initial stage of the research study includes the formulation of assumptions, which are necessary for primary and secondary research. Further stages of research involved the triangulation of the data collected from these two approaches. To analyse the global backflow preventers market trends and opportunities for backflow prevention device providers, the market has been segmented on the basis of product type, material type, end use, and region.
For the analysis of service instances, we have considered FY 2018 as the base year. Basic data was collected from manufacturers’ annual reports, newsletters, public reports published by government, valve manufacturing organisations, private agencies, World Bank sources, etc. For final analysis of the market data, we considered demand-side as well as supply-side drivers and trends in various regional markets. We have forecasted the market data on the basis of key developments, regional trends, and production-consumption scenario of the backflow preventers market. For forecasting the market data, we have considered historic data for the period of 2014-2018.
Backflow Preventers Market: Global Industry Analysis (2014-2018) And Opportunity Assessment (2019-2029)Buy Now
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