The common name for pressure independent control valve (PICV) is multi-functional valve. This is a combined operation of three valves in one compact unit. The PICV performs as a differential pressure control valve and a regulating valve and a 2-port control valve. PICV can be fitted to terminal units in heating and chilled water systems to provide flow control, flow regulation, and differential pressure control.
The multi-functional valves market in Asia Pacific is expected to expand at a significant CAGR throughout the forecast period due to the presence of manufacturers of multi-functional valves in the region. This is due to the increasing demand for multi-functional valves from water & wastewater and chemical industries in Asia Pacific.

Market Analysis and Insights: Global and United States Multi-Functional Valves Market
This report focuses on global and United States Multi-Functional Valves market.
In 2020, the global Multi-Functional Valves market size was US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% during 2021-2027. In United States the Multi-Functional Valves market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Multi-Functional Valves Scope and Market Size
Multi-Functional Valves market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Multi-Functional Valves market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the Multi-Functional Valves market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in United States.

Segment by Type
Brass
Steel
Plastic
Others

Segment by Application
Offices & Commercial Buildings
Schools
Hospitals & Healthcare
Data Centers
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Belimo
Xylem
Bray Commercial Division
Danfoss
Siemens
IMI PLC
Distech Controls
Flow Control Industries
James M. Pleasants
Emerson Swan
FlowCon International
Marflow Hydronic Systems
Griswold Controls
Neptronic
Hattersley