Pressure Relief Valves Trends and Forecast
The future of the global pressure relief valves market looks promising with opportunities in the oil and gas, chemical, power generation, food and beverage, manufacturing, and water and wastewater markets. The global pressure relief valves market is expected to reach an estimated $5.70 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increasing demand from the oil and gas industry, growing adoption of nuclear energy, and rising regulations related to industrial procedures.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Pressure Relief Valves by Segment
The study includes a forecast for the global pressure relief valves by valve type, pressure, end use industry, and region
Pressure Relief Valves Market by Valve Type [Shipment Analysis by Value from 2018 to 2030]:
• Spring Loaded
• Pilot Operated
• Dead Weight
• P and T Actuated
Pressure Relief Valves Market by Pressure [Shipment Analysis by Value from 2018 to 2030]:
• Low
• High
• Medium
Pressure Relief Valves Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Oil and Gas
• Chemical
• Power Generation
• Food and Beverage
• Manufacturing
• Water and Wastewater
Pressure Relief Valves Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Pressure Relief Valves Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pressure relief valves companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pressure relief valves companies profiled in this report include-
• AGF Manufacturing
• Alfa Laval
• Imi Plc
• Watts Water
• Curtis-Wright
• General Electric
• Goetze KG Armaturen
• The Weir
• Emerson Electric
• Mercury Manufacturing
Pressure Relief Valves Market Insights
Lucintel forecasts that low is expected to witness highest growth over the forecast period.
Within this market, power generation will remain the largest segment.
APAC will remain the largest segment over the forecast period.
Features of the Global Pressure Relief Valves Market
Market Size Estimates: Pressure relief valves market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Pressure relief valves market size by valve type, pressure, end use industry, and region in terms of value ($B).
Regional Analysis: Pressure relief valves market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different valve type, pressure, end use, and regions for the pressure relief valves market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pressure relief valves market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the pressure relief valves market size?
Answer: The global pressure relief valves market is expected to reach an estimated $5.70 billion by 2030.
Q.2 What is the growth forecast for pressure relief valves market?
Answer: The global pressure relief valves market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the pressure relief valves market?
Answer: The major drivers for this market are increasing demand from the oil and gas industry, growing adoption of nuclear energy, and rising regulations related to industrial procedures.
Q4. What are the major segments for pressure relief valves market?
Answer: The future of the global pressure relief valves market looks promising with opportunities in the oil and gas, chemical, power generation, food and beverage, manufacturing, and water and wastewater markets.
Q5. Who are the key pressure relief valves market companies?
Answer: Some of the key pressure relief valves companies are as follows:
• AGF Manufacturing
• Alfa Laval
• IMI plc
• Watts Water
• Curtis-Wright
• General Electric
• Goetze KG Armaturen
• The Weir
• Emerson Electric
• Mercury Manufacturing
Q6. Which pressure relief valves market segment will be the largest in future?
Answer: Lucintel forecasts that low is expected to witness highest growth over the forecast period.
Q7. In pressure relief valves market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest segment over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the pressure relief valves market by valve type (spring loaded, pilot operated, dead weight, and P and T actuated), pressure (low, high, and medium), end use (oil and gas, chemical, power generation, food and beverage, manufacturing, and water and wastewater), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Pressure Relief Valves Market, Pressure Relief Valves Market Size, Pressure Relief Valves Market Growth, Pressure Relief Valves Market Analysis, Pressure Relief Valves Market Report, Pressure Relief Valves Market Share, Pressure Relief Valves Market Trends, Pressure Relief Valves Market Forecast, Pressure Relief Valves Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.