Pressure Relief Valves Market Growth, Size, Trends, Revenue, Demand, Share and Future Outlook
Pressure Relief Valves Market Size- By Product Type, By Set Pressure, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: POAE2308 | Pages: 1 - 236 | Formats*: |
| Category : Power & Energy | |||
Global Pressure Relief Valves Market Overview
According to SPER Market Research, the Global Pressure Relief Valves Market is estimated to reach USD 7.40 billion by 2032 with a CAGR of 4.84%.
Application programming interfaces (APIs) are tested both directly and as part of integration A safety valve called a relief valve, often referred to as a pressure relief valve (PRV), is used to control or limit the pressure in a system. Without it, pressure could build up and lead to a process upset, instrument or equipment failure, or fire. By allowing the pressured fluid to exit the system via an alternate channel, the pressure is reduced. For the purpose of preventing pressure vessels and other equipment from exceeding its design limits, the relief valve is intended to open or is programmed to do so at a specific set pressure. The relief valve is forced open when the predetermined pressure is exceeded, and some of the fluid is then driven along the auxiliary channel, creating the "path of least resistance.
PRVs are essential for the secure and effective operation of nuclear power facilities. They support stations' smooth operation at predetermined pressures while safeguarding turbines, boilers, and superheaters. A few other elements fostering market growth include the ongoing demand for safety valve replacement in industrial processes and an increase in the utilisation of additive manufacturing in production lines. However, the cost of PRV production may limit the market's predicted expansion in the upcoming years. The demanding industrial settings in which the valves are employed make continual performance monitoring necessary. As a result, there is a strong need for PRV replacements. Over the future years, it is projected that the market will develop as the need for valve replacement increases.
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Impact of COVID-19 on the Global Pressure Relief Valves Market
In light of the global lockdown caused by the COVID-19 pandemic, some goods in the pressure relief valves sector were no longer produced. The market for pressure relief valves was restricted as a result. Pressure relief valve sales were impacted by COVID-19, and market expansion is likely to suffer as a result. Although sales of pressure relief valves were drastically reduced in the early stages of the epidemic, the market is anticipated to rebound strongly in the years to come when activities in the global manufacturing sector reach threshold levels.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product Type, By Set Pressure, By End User. |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ALFA Laval AB, Baker Hughes, CIRCOR International Inc., Curtiss-Wright Corporation, Emerson Electric Co., IMI plc, Mercer Valve Co. Inc., Parker Hannifin Corp., Rexnord Corporation, The Weir Group plc, Watts. |
Global Pressure Relief Valves Market Segmentation:
1. By Deployment Type:
- Spring Loaded Pressure Relief Valves
- Pilot operated Pressure Relief Valves
- Dead Weight Pressure Relief Valves
- P&T Actuated Pressure Relief Valves
2. By Component:
- Low Pressure Relief Valves
- Medium Pressure Relief Valves
- High Pressure Relief Valves
3. By Vertical:
- Pressure Relief Valves for Oil & Gas
- Upstream
- Midstream
- Downstream
- Pressure Relief Valves Chemical Processing
- Pressure Relief Valves Power Generation
- Pressure Relief Valves Paper & Pulp
- Pressure Relief Valves Food & Beverages
- Pressure Relief Valves Pharmaceuticals
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Pressure Relief Valves Market (FY’2019-FY’2032)
- Overview of Global Pressure Relief Valves Market
- Segmentation of Global Pressure Relief Valves Market By Product Type (Spring Loaded Pressure Relief Valves, Pilot operated Pressure Relief Valves, Dead Weight Pressure Relief Valves, P&T Actuated Pressure Relief Valves)
- Segmentation of Global Pressure Relief Valves Market By Set Pressure (Low Pressure Relief Valves, Medium Pressure Relief Valves, High Pressure Relief Valves)
- Segmentation of Global Pressure Relief Valves Market By End User {Pressure Relief Valves for Oil & Gas (Upstream, Midstream, Downstream), Pressure Relief Valves Chemical Processing, Pressure Relief Valves Power Generation, Pressure Relief Valves Paper & Pulp, Pressure Relief Valves Food & Beverages, Pressure Relief Valves Pharmaceuticals, Others}
- Statistical Snap of Global Pressure Relief Valves Market
- Growth Analysis of Global Pressure Relief Valves Market
- Problems and Challenges in Global Pressure Relief Valves Market
- Competitive Landscape in the Global Pressure Relief Valves Market
- Impact of COVID-19 and Demonetization on Global Pressure Relief Valves Market
- Details on Recent Investment in Global Pressure Relief Valves Market
- Competitive Analysis of Global Pressure Relief Valves Market
- Major Players in the Global Pressure Relief Valves Market
- SWOT Analysis of Global Pressure Relief Valves Market
- Global Pressure Relief Valves Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Pressure Relief Valves Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Pressure Relief Valves Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Pressure Relief Valves Market
7. Global Pressure Relief Valves Market, By Deployment Type, 2019-2032 (USD Million)
7.1. Spring Loaded Pressure Relief Valves7.2. Pilot operated Pressure Relief Valves7.3. Dead Weight Pressure Relief Valves7.4. P&T Actuated Pressure Relief Valves
8. Global Pressure Relief Valves Market, By Component, 2019-2032 (USD Million)
8.1. Low Pressure Relief Valves8.2. Medium Pressure Relief Valves8.3. High Pressure Relief Valves
9. Global Pressure Relief Valves Market, By Vertical, 2019-2032 (USD Million)
9.1. Pressure Relief Valves for Oil & Gas9.2. Upstream9.3. Midstream9.4. Downstream9.5. Pressure Relief Valves Chemical Processing9.6. Pressure Relief Valves Power Generation9.7. Pressure Relief Valves Paper & Pulp9.8. Pressure Relief Valves Food & Beverages9.9. Pressure Relief Valves Pharmaceuticals9.10. Others
10. Global Pressure Relief Valves Market, By Region, 2019-2032 (USD Million)
10.1. Global Pressure Relief Valves Market Size and Market Share by Region (2019-2025)10.2. Global Pressure Relief Valves Market Size and Market Share by Region (2026-2032)10.3. Asia-Pacific10.3.1. Australia10.3.2. China10.3.3. India10.3.4. Japan10.3.5. South Korea10.3.6. Rest of Asia-Pacific10.4. Europe10.4.1. France10.4.2. Germany10.4.3. Italy10.4.4. Spain10.4.5. United Kingdom10.4.6. Rest of Europe10.5. Middle East and Africa10.5.1. Kingdom of Saudi Arabia10.5.2. United Arab Emirates10.5.3. Rest of Middle East & Africa10.6. North America10.6.1. Canada10.6.2. Mexico10.6.3. United States10.7. Latin America10.7.1. Argentina10.7.2. Brazil10.7.3. Rest of Latin America
11. Company Profiles
11.1. ALFA Laval AB11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Baker Hughes11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. CIRCOR International Inc.11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Curtiss-Wright Corporation11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Emerson Electric Co.11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. IMI plc11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Mercer Valve Co. Inc.11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Parker Hannifin Corp.11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Rexnord Corporation11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. The Weir Group plc11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments11.11. Watts11.11.1. Company details11.11.2. Financial outlook11.11.3. Product summary11.11.4. Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Pressure Relief Valves Market is projected to reach USD 7.40 billion by 2032, growing at a CAGR of 4.84% during the forecast period.
Pressure Relief Valves Market grew in market size from 2021. The Market is expected to reach USD 7.40 billion by 2032, at a CAGR of 4.84% during the forecast period.
Pressure Relief Valves Market CAGR of 4.84% during the forecast period.
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Pressure Relief Valves Market size is USD 7.40 billion from 2022 to 2032.
Pressure Relief Valves Market Segment is Covered By Product Type, By Set Pressure, By End User.
The North America region is anticipated to have the highest market share in Pressure Relief Valves Market.
The key players in the market include Companies Covered ALFA Laval AB, Baker Hughes, CIRCOR International Inc., Curtiss-Wright Corporation, Emerson Electric Co., IMI plc, Mercer Valve Co. Inc., Parker Hannifin Corp., Rexnord Corporation, The Weir Group plc, Watts.
A few other elements fostering market growth include the ongoing demand for safety valve replacement in industrial processes and an increase in the utilisation of additive manufacturing in production lines.
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