Pressure Safety Relief Valves Marke Growth, and Forecast to 2025

Posted by rekha on December 5th, 2019

 The Global Pressure Safety Relief Valves Market expected to reach US$ 487.3 Mn and escalating at a notable CAGR over the forecast years owing to rise in R&D for the development of technologically advanced products.

The global pressure safety relief valves market expected to grow at prominent growth rate over the forecast years to reach US$ 487.3 Mn by 2025. The major factors influencing the growth of global pressure safety relief valves include surge in adoption of pressure safety relief valves in end user industries such as oil and gas, paper and pulp, and chemical processing industries around the globe. Moreover, development of technologically advanced products such as lightweight, high pressure capacity, smart valves, and cost effective products are surge the revenue of the market over the forecast timeframe. However, stringent regulations for the safety valve approvals and high cost of advance products are restrain the growth of market over the future years.

Global pressure safety relief valves market segmented on the basis of product type, set pressure, end user industry, and region

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High Pressure valves Expected to Dominate the Global Pressure Safety Relief Valves Market

Based on the set pressure, global pressure safety relief valves market segmented into low pressure, medium pressure, and high pressure. High pressure safety relief valves dominated the market in 2018 and expected to burgeon at 6.3% CAGR over the forecast years owing to rise in adoption of these devices for large scale industries such as oil and gas, water treatment, and chemical industries. Moreover, rise in R&D for the development of newer devices also surge the market over the forecast timeframe. For instance, In June 2015, Pentair Ltd. lauched pilot-operated pressure relief valves for LNG storage in on- and offshore application.

North America Leads the Global Pressure Safety Relief Valves market

PBI’s global pressure safety relief valves market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing rise in number of end user industries in USA and Canada, increase in the awareness about the advanced pressure safety relief valves, and launch of newer products into market. Europe pressure safety relief valves market projected to exhibit significant opportunities due to rise in high adoption of advanced pressure safety relief valves, increase in R& activities, ad presence of huge number of market players in the region.

 

Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players

Global Pressure Safety Relief Valves market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. Sun Hydraulics launched four new solenoid-operated relief valves. With a 2-stage, field-adjustable design, the RVC valves offer precise and dependable pressure regulation with up to 25 gpm (100 lpm) flow rates.

Key player’s profiles in the report areGeneral Electric Co., Weir Group Plc., Curtiss Wright Corp., IMI Plc., Flow Safe, Inc., Velan Inc., Goetze KG Armaturen, Pentair Ltd., LESER GmbH. & Co. KG, Alfa Laval AB, Conbarco Industries, Sun Hydraulics, Watts Water Technologies, Inc.

Precision Business Insights (PBI) in its report titled “Global Pressure Safety Relief Valves Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Detailed Segmentation

 

By Product Type

o     Spring Loaded

o     Pilot Operated

o     Dead Weight

o     Others

By Set Pressure

o     Low Pressure

o     Medium Pressure

o     High Pressure

By End User Industry

o     Oil and Gas

o     Paper and Pulp

o     Chemical Processing

o     Food and Beverages

o     Pharmaceuticals

o     Water and Waste Water Treatment

o   Others

Geography

o     North America

  • US
  • Canada

o     Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

o     Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

o     Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

o     Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

For More Information: https://www.precisionbusinessinsights.com/market-reports/global-pressure-safety-relief-valves-market/

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rekha

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rekha
Joined: July 26th, 2019
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