Chilled Water Valves Market Report 2026

The chilled water valves market size has grown strongly in recent years. It will grow from $3.58 billion in 2025 to $3.8 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growth of commercial building construction, expansion of hvac installations, demand for indoor climate control, rise of data centers, urban infrastructure development.

The chilled water valves market size is expected to see strong growth in the next few years. It will grow to $4.76 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to smart building adoption, expansion of energy efficient cooling systems, growth of industrial refrigeration, investments in district cooling, stricter energy regulations. Major trends in the forecast period include adoption of smart and actuated valves, energy efficient hvac flow control, demand for modulating valve solutions, expansion of district cooling systems, use of corrosion resistant materials.

The surge in high-rise constructions is expected to drive the growth of the chilled water valves market moving forward. High-rise constructions refer to tall buildings or structures with multiple stories that require elevators, advanced structural systems, and specialized engineering methods. The increasing demand for such constructions stems from urban land scarcity, which pushes development vertically to accommodate growing populations and business activities in limited spaces. This growth in vertical development demands efficient HVAC systems to provide adequate cooling across numerous floors, thereby boosting the need for chilled water valves that regulate chilled water flow within these systems. For example, in January 2024, the Council on Tall Buildings and Urban Habitat, a US-based non-profit, reported that 185 buildings over 200 meters tall were completed worldwide in 2023, a 12.8% increase from 164 buildings in 2022. Thus, the rise in high-rise construction will support the growth of the chilled water valves market.

Leading companies in the chilled water valves market are developing advanced solutions such as ball valves, designed to provide low pressure drop and minimal leakage. Ball valves manage fluid flow by rotating a hollow, spherical element inside the valve body to allow or block passage. For instance, in March 2024, Veris, a US-based provider of energy management solutions for commercial HVAC, introduced the VB2 Series Ball Valves and VZ2 Series Zone Valves. These valves are specifically designed for closed-loop HVAC hydronic heating and cooling systems, including chilled water applications. The VB2 Series supports both hot and chilled water systems and can handle mixtures containing up to 60% glycol, offering versatility for precise flow control in various HVAC environments.

In August 2024, ARI-Armaturen Albert Richter GmbH & Co. KG, a Germany-based valve manufacturer, acquired Warren Controls Inc. for an undisclosed amount. This acquisition expanded ARI’s presence in the USA and reinforced its position as a global leader in the valve industry. Incorporating Warren Controls added valuable expertise in control valves, strengthening ARI’s regional capabilities. Additionally, the acquisition broadens ARI’s product portfolio, allowing it to offer customers a wider range of solutions and services. Warren Controls Inc. is a US-based manufacturer specializing in chilled water valves.

Major companies operating in the chilled water valves market are Siemens AG, Honeywell International Inc., Johnson Controls International plc, Danfoss A/S, Emerson Electric Co., Belimo Holding AG, IMI plc (IMI Hydronic Engineering), Crane Co., Watts Water Technologies Inc., Caleffi S.p.A., Taco Comfort Solutions Inc., Schneider Electric SE, Samson AG, Spirax Group plc, Oventrop GmbH & Co. KG, Kitz Corporation, Azbil Corporation, Danfoss Power Solutions (HVAC Valve Division), Pegler Yorkshire Group Ltd., Frese A/S, Flow Control Industries Inc., Sauter AG, Valbia S.r.l.

North America was the largest region in the chilled water valves market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chilled water valves market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chilled water valves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The chilled water valves market consists of sales of control valves, pressure-reducing valves, balancing valves, modulating valves, and thermostatic valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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