Fireproof Valve Market – Forecast Covering Growth, Opportunities & Development S

Posted by keshab on May 14th, 2019

Fireproof valves are also known as fire safe valves. They have the ability to maintain pressure during and after a certain period of fire exposure. These valves are designed to prevent fire from spreading, if the fuel valve generates a leakage due to damage. These valves are used in fire prone areas due to the possibility of flammable or hazardous fluid leakage from the valve during a fire. Fire safe valves are tested and certified in accordance with ISO 10497 or API 607, which allows their use in various applications such as in processing activities and refining processes.

Fire safe valves create spring loaded valves which are thermally activated. In case of fire, these valves close automatically and stop the fuel flow. The flow of the fuel is hindered from the reserve oil supply and from crankcase of the engine reducing the probabilities of leakage. These spring loaded valves prevent the flow of fuel such as gas, oil, petrol, and other combustibles thereby, effectively preventing damage. These fire safe valves are manufactured with superior quality, rugged and are sued for various purposes and fluids. These valves are ideal for superheated or saturated steam, semi-solids, slurries, and corrosive services in chemical, industrial, power, paper, gas, and original equipment applications.

Increasing focus on the development of manufacturing and refining sectors in various emerging economies is projected to drive the fireproof valve market in the next few years. Benefits associated with the application of these fire safe valves include safeguarding of equipment, protection of personnel or life, safety of environment, reduction of insurance rates, and prevention of oil supply from feeding a fire. These factors are expected to drive the market during the forecast period. Furthermore, ability of these valves to offer protection even in high pressure and temperature conditions is further projected to boost the market in the next few years.

The global fireproof valve market can be segregated based on product type, valve type, application, end-use industry, distribution channel, and region. In terms of product type, the fireproof valve market can be segregated into normally closed exhaust fire damper, automatic smoke fire valves, smoke exhaust valves, and others. Based on valve type, the fireproof valve market can be categorized into ball valves, butterfly valves, others. In terms of application, the fireproof valve market can be divided into chemical processing, gas distribution, petroleum refining, fuel storage tanks, hospitals/oxygen lines, airports/ jet fuel, government/ military, hydraulic fluids, and others.

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Based on end-use industry, the fireproof valve market can be categorized into oil/gas/refining, chemicals, food & beverages, and commercial. The oil/gas/refining segment is projected to account for major share of the market, in terms of revenue, during the forecast period. Fire safe valves are used in the industry since, flammable media is found throughout refineries, including LNG and LPG racks, storage tanks, processing equipment, and fueling stations. In the food and beverages industry, phosphates and alcohols are extensively utilized in the production of foods. These are highly flammable and are often stored in the tanks.

In terms of distribution channel, the fireproof valve market can be bifurcated into online channels and offline channels. Based on region, the fireproof valve market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Prominent players operating in the global fireproof valve market include Sperryn, Crown Cool, Conval, Inc., JD Controls, NT fan, Valtorc International USA, Bi-Torq Valve Automation, Flowserve Corporation, Taurus, Factory Direct Pipeline Products, Inc., Sharpe Valves, HOKE, and Assured Automation.