Water Hammer Arrestors Market Report Overview
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The global water hammer arrestors market size was USD 89 million in 2021 and is expected to be USD 97.82 million in 2031, exhibiting a CAGR of 3.2% during the forecast period.
When water flow into a pipe system quickly stops owing to rapid shut-off valves, water-hammer arrestors are gadgets designed to absorb shocks. This action protects against the possibly harmful effects of water stoppage. These loud, annoying bangs are caused by these shocks, which commonly occur in a household plumbing facility. Additionally, these shocks can cause pipes to violently shake. They may even weaken them to the point where pipes pierce or rupture at the margins, causing flooding in bathrooms, laundry rooms, and basements as well as water damage.
COVID-19 Impact: Pandemic-related Disruptions Impacted Market Dynamics
The global COVID-19 pandemic has been unprecedented and staggering, with water hammer arrestors sales market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.
Since the COVID-19 viral outbreak in December 2019, the pandemic has spread to over 100 countries, and the World Health Organization has labelled it a public health emergency. The global impacts of the coronavirus infection 2019 (COVID-19) in 2020 will have a significant impact on the Water-hammer Arrestor market share. The direct alteration of supply and demand, the disruption of the market and supply chain, and the economic impact on enterprises and financial markets are the three main ways that COVID-19 can affect the global economy.
The COVID-19 outbreak has had a number of negative effects, including flight cancellations, travel bans and quarantines, restaurant closures, restrictions on all indoor events, the proclamation of states of emergency in more than 40 countries, a significant slowdown in the supply chain, stock market volatility, a decline in business confidence, rising public anxiety, and uncertainty about the future. This paper also examines the impact of the Corona virus COVID-19 on the Water-hammer Arrestor 4900 company. These factors affected the water hammer arrestors market share during COVID-19.
LATEST TRENDS
"Launch of New Innovative Products to Foster Market Development "
There are many programs, including Wanda, Flowmaster, HiTrans, and Hammer. The author has a lot of expertise with Hammer, as well as HiTrans and Flowmaster. Although they are all capable applications, using them with assurance requires much training and expertise. The other programs can model complicated networks but are more expensive, whereas HiTrans is cheap but only appropriate for basic systems. On the pressures generated in the system, all yield reliable results. Although the author has created spreadsheets that use the pressure-time history findings from Flowmaster and HiTrans to analyze them for pressure and force peaks and action times, Flowmaster and HiTrans are unable to calculate forces. With the right pipe information input, Hammer can calculate instantaneous force values in three dimensions. Program output may be input into stress analysis tools like Caesar to take additional pipe stressors into account. However, force analysis is challenging since forces might last for a few milliseconds or several seconds. These factors will propel the water hammer arrestors market growth.
Water Hammer Arrestors Market Segmentation
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- By type
Depending on water hammer arrestors sales given are types: Stainless Steel Water Hammer Arrestors and Copper Water Hammer Arrestors. The Stainless Steel Water Hammer Arrestors and Copper Water Hammer Arrestors both will capture the maximum market share through 2028.
- By Application
The market is divided in residential, commercial, industrial based on application. The global water hammer arrestors sales market players in cover segment like residential, commercial will dominate the market share during 2022-2028.
DRIVING FACTORS
"Frequency of Venous Illnesses and Rising Approval Rates for Novel Products to Increase Market Growth"
Due to the rising frequency of venous illnesses and the increasing number of innovative products becoming approved to meet this need, the market for water-hammer retractors is anticipated to rise at a significant rate over the projected period. The market the is expected to develop as a result of rising disease awareness, growing value of early detection, and rising spending on chronic illnesses. Additionally, the major market players are investing in the development of technologically sophisticated goods, which will enhance the use of Water-Hammer Arrestor products in both developed and developing nations. The water hammer arrestors market share will be positively influenced by these factors.
"Growing Use Across Various Applications Will Boost Market Growth "
The growing need for water-hammer arrestors in home appliances will augment the market share. Increased focus among key players on product will further boost market growth. Other notable factors include heightened consumer awareness about the usage of the productin in in residential plumbing systems for shock absorption. The main objective of water-hammer arrestors is to lower the danger of water damage to domestic plumbing systems.
RESTRAINING FACTORS
"Low Knowledge of the Illnesses and Expensive Product Costs Hampers the Market Share"
The adoption of Water-Hammer Arrestor products is hindered by low disease knowledge, expensive product costs, a poor economic climate, and unfavorable insurance systems worldwide. However, the introduction of new, inexpensive products and increased marketing initiatives in these areas may present profitable growth prospects for the Water-Hammer Arrestor market's competitors. These factors could hamper water hammer arrestors market growth.
Water Hammer Arrestors Market Regional Insights
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"North America to Lead owing to Rise in Product Demand "
The North American market leads these regional markets in terms of revenue share for water-hammer arrestors globally, and this trend is anticipated to persist during the projected period. The majority of water-hammer arrestors are produced in North America. Major factors driving the market growth in the area include a rise in the usage of water-hammer arrestors for shock absorption in domestic plumbing systems and improved consumer awareness of their use. Over the course of the projection period, the markets for water-hammer arrestors in Europe and Asia Pacific are anticipated to follow those in North America. At the moment, North America, Europe, and Asia Pacific account for the majority of water-hammer arrestor producers.
KEY INDUSTRY PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Watts
- Sioux Chief
- Zurn
- Proflo
- Amtrol
- Precision Plumbing
- Jay R. Smith Mfg. Co.
- TOZEN Group
- Refix
- Josam
- Caleffi
- Yoshitake
- MIFAB
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 89 Million in 2021 |
Market Size Value By |
US$ 97.82 Million by 2031 |
Growth Rate |
CAGR of 3.2% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the water hammer arrestors market expected to touch by 2031?
Based on our research, the global water-hammer arrestors market size is projected to touch USD 97.82 million in 2031.
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What CAGR is the water hammer arrestors market expected to exhibit by 2031?
The water hammer arrestors market is expected to exhibit a CAGR of 3.2 % by 2031.
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Which are the driving factors of the water hammer arrestors market?
Frequency of Venous Illnesses and Rising Approval Rates for Novel Products to Meet This Requirement is the driving factors of the water hammer arrestors market
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Which are the top companies operating in the water hammer arrestors market?
TOZEN Group, Refix, Josam, Caleffi, Yoshitake, MIFAB are some of the leading companies in the water hammer arrestors market.