As per this study, the Global Pressure Reducing Valve Market was valued USD XX BN (by revenue) in 2019 and is anticipated to reach USD XX BN by 2026 with a CAGR of XX%.
Pressure reducing valves are the valves used to reduce and maintain the pressure in hydraulics system. It automatically reduces and controls the inlet pressure to a stable outlet or downstream pressure. It prevents the hydraulic system from excessive pressure problems such as water hammering and premature wear of the appliances in residential, commercial and industrial sector.
The market is growing at a faster pace owing to rising adoption of pressure reducing valves in hydraulic system of the oil and gas, energy, chemical and other industries. Use of pressure reducing valves to prevent overheating of pipes, water hammering is fueling the market growth. Also, owing to ability to offer excellent leakage protection, has widened its application in various industries.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of pressure reducing valve.
The broad pressure reducing valve market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Direct Acting Type
- Pilot Operated Type
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for pressure reducing valve in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Pressure Reducing Valve Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the pressure reducing valve market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.