The global demand for Pressure Relief Valve Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX KU in2019 and foreseen to touch XX KU by 2026 with a CAGR of XX% during 2020-2026.
The pressure relief valve is a device designed to protect vessel, system or machinery from overpressure event. The valve functions by venting fluid off from an overpressurised vessel. Many electronic, hydraulic, and pneumatic system dealing with various temperature, pressure and flow are equipped with these valves. The pressure relief valves protect the operating system from failure and undergoing non-functional by releasing excess pressure.
The major contributing factor for the rising demand for valves is emerging economies investing in new industrial projects in the oil & gas industry, water infrastructure, and other industries. Oil & Gas pipeline projects currently under implementation would further increase the sales of the valves. As the industries are expanding businesses across the various sectors, it creates an opportunity for instrumentation and equipment to grow as well. Valve manufacturer will benefit from renewed strength. Old valve running out of life are being replaced by new in key industries including process manufacturing, public utilities, resource industries, and construction. Overall factors are projected to bolster the growth of market during the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Pressure Relief Valve.
The entire Pressure Relief Valve market has been sub-categorized into product, set pressure, and end use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Set Pressure
- Pilot Operated Pressure Relief Valves
- Spring-Loaded Pressure Relief Valves
- Dead Weight Pressure Relief Valves
By End-User Industry
- High Pressure
- Low Pressure
- Medium Pressure
- Chemical Processing
- Paper & Pulp
- Food & Beverage
- Oil And Gas
This section covers regional segmentation which accentuates on current and future demand for Pressure Relief Valve market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Pressure Relief Valve Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Pressure Relief Valve market include Weir Group Plc., Curtiss Wright Corp., IMI Plc., Flow Safe, Inc., Velan Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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