Value Market Research in its latest publication share comprehensive information on the Global Pressure Reducing Valve Market. Their assessments show that the global pressure reducing valve market is anticipated to reach USD 4.39 BN by 2025 showing a CAGR of 2.0% between 2019 and 2025. The market was valued USD 3.83 BN (by revenue) for the year 2018. The report digs deep into the market statistics for the next six years anticipating the future growth curve. Market segmentations covered in this report are by type, application, and region. Type comprises of direct-acting type and pilot operated type. Out of which, the direct acting type is gaining high demand since it is self-contained and does not require an external sensing line downstream to operate. Also, it is the smallest and most economical type of pressure reducing device. Application area covers commercial, residential and industrial sector. Among which, the industrial sector is dominating the segment owing to the development of various industries worldwide.
The pressure reducing valve is a device that helps to reduce or maintain the pressure of the gas, fluid, and steam on the outlet side. This device decreases the highly unstable pressure to a pressure that is adjustable by using the spring mechanism. In short, it gives protection against leakage and brings down the pressure of the gasses and the fluid which have major industrial application. In residential and commercial sector these valves are used to reduce the water pressure and overheating of the pipes in order to avoid bursting of the pipes.
The report " Global Pressure Reducing Valve Market Report By Type (Direct Acting Type And Pilot Operated Type), By Application (Commercial, Residential And Industrial) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025"covers important changes in market dynamics, segmentation details of the market coupled with the emerging segments and regional markets.
Development of oil and gas industry is the prime factor driving the market growth. The growing usage of the pressure reducing valves in the fire safety trucks for the pressure controlling mechanism is again fueling the product demand. Rising demand for the product across oil and gas industry for maintaining the pressure inside the gas is further expected to propel the market growth. Moreover, rising industrialization and urbanization will definitely create a great platform for the growth of the pressure reducing valve market.
Geographical segmentation has been done over the region of North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific region is ruling the global pressure reducing valve market owing to rising usage of the pressure reducing valves in both industrial and commercial sectors. Also, ongoing rapid urbanization and industrialization are again adding impetus growth to the market.
The Report Segments Global Pressure Reducing Valve Market -
Major Players Engaged In The Market:
Apollo Valves, BERMAD, Cla-Val, Conbraco, ERHARD, Flomatic, GF Piping Systems, Goetze KG, Leser, Raphael Valves Industries, RMC Water Control, Singervalve, SOCLA, TECOFI and Watts.
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