Backflow preventer sales are set to be reach US$ 367.4 Mn in 2021 with a stable long-term projection, as per latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. Demand for backflow preventer waned in 2020 due to the recessionary effects of COVID-19 on construction activities, resulting in deceleration of backflow preventers sales. However, barring a few countries, the water infrastructure development activities have resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of backflow preventers market remains positive.
Water treatment and water deliver infrastructure have witnessed enormous growth in current years and the trend is expected to persist over the forecast length. The hastily developing city population and the subsequent increase inside the call for for water supply have augmented the adoption of backflow prevention structures throughout the globe.
In its new have a look at, ESOMAR-certified market research and consulting firm future market Insights (FMI) gives insights approximately key factors using demand for backflow preventers. The report tracks the worldwide sales of backflow preventers in 20+ high-growth markets, along side reading the effect COVID-19 has had at the give up use industries in widespread, and backflow preventers specially.
Water remedy and water supply infrastructure have witnessed sizable growth in latest years and the trend is anticipated to persist over the forecast duration. The rapidly growing urban population and the subsequent growth within the demand for water supply have augmented the adoption of backflow prevention structures throughout the globe.
In its new have a look at, ESOMAR-certified marketplace studies and consulting company future marketplace Insights (FMI) offers insights about key factors using demand for backflow preventers. The record tracks the worldwide sales of backflow preventers in 20+ high-boom markets, at the side of analyzing the effect COVID-19 has had on the end use industries in fashionable, and backflow preventers in particular.
The backflow preventers market is understood to be fairly consolidated, with key players accounting for nearly 60% of overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Honeywell International Inc, Rexnord Corporation, Conbraco Industries Inc., Watts Water Technologies Company, Emerson Electric Co., Caleffi S.p.a., W.W. Grainger, Inc., A.R.I. Flow Control Accessories Ltd, BEULCO GmbH und Co. KG and others.
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