Market Trends of United States Valves Industry in Water and Wastewater Industry
This section covers the major market trends shaping the Water & Wastewater US Valves Market according to our research experts:
The Need to Replace Aging Water and Wastewater Infrastructure Across the Nation and Supporting Government Loans
- The drinking water Infrastructure is graded by the American Society of Civil Engineers (ASCE), and in its Infrastructure report in 2017, the drinking water infrastructure earned a D grade. However, in 2021, the infrastructure earned a C grade. This shows improvement over the last four years due to the expansion of federal financing programs and technological innovations.
- Thus, the government aims to improve further with better loans granted for water and wastewater infrastructure projects. In June 2022, the US Environmental Protection Agency (EPA) announced funding availability of USD 6.5 billion of a total of USD 13 billion for the state Infrastructure Financing Authority WIFIA (SWIFIA) program and the Water Infrastructure Finance and Innovation Act (WIFIA) program. Therefore, such developments are driving the requirement for new valves or replacement of older valves and driving sales for the market studied.
- Similarly, in July 2022, The New York State Environmental Facilities Corporation announced to help 11 advanced municipality infrastructures that protect or improve water quality with an investment of USD 70 million. Such projects are driving the demand for the valves studied in the market.
- Further, with a growing population and land subsidence, there has been excessive usage of groundwater in all parts of the United States. This is causing the depletion of drinking water. To address the water demands, the government is investing in water infrastructure to draw water from the surface and enable groundwater replenishment. Thus, such projects are also driving the demand for valves in the market.
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Water Distribution Segment is Expected to Drive the Market
- Moreover, the country is also witnessing demands for hospitals. For instance, as of June 2022, the country has USD 500 million worth of ongoing hospital construction. Some of the projects include an Outpatient surgery Plant worth USD 579 million by UC Davis, a USD 2 billion construction project by Sharp Healthcare, a USD 4.3 billion hospital construction project from the University of California San Francisco, and others. Such developments are expected to drive opportunities for valve vendors in the water distribution sector.
- Therefore, such investments for water distribution in the country are expected to drive the demand for the valves studied in the market. Control valves studied are an important part of water distribution. Some of the functions offered by the control valves are controlling the flow and controlling the pressure or water level that allows the safe filling of pipelines and release of the air during filling operations.
- Vendors in the market are integrating pilot valves with axial flow designs to enable the valve to be fully operating at 1% to 100% opening to deliver extreme precision and maintain a stable flow.
- Furthermore, according to the United States Environmental Protection Agency, household leaks in the US could waste approximately 900 billion gallons of water annually in the country, and therefore, the need for valves of different types is growing in residential constructions for water distribution.
