Market Overview:
The global high pressure relief valves market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high pressure relief valves from various end-use industries, such as oil and gas, chemical processing industry, paper and pulp industry, food and beverage industry, pharmaceutical industry, and others. In addition, the growing awareness about safety measures is also propelling the growth of this market. Based on type, the global high pressure relief valves market can be segmented into spring loaded pressure relief valves (SLPRVs), pilot operated pressure relief valves (POPRsVs), dead weight pressure relief valves (DWPRVs), and others. SLPRVs are expected to dominate the global high pressure relief valve market during the forecast period owing to their easy installation process and low maintenance requirements. POPRVs are also anticipated to witness significant growth during the forecast period due to their ability to provide accurate control over system pressures.
Product Definition:
A high-pressure relief valve is a type of safety valve that is used to protect systems and equipment from damage caused by excessive pressure. The high-pressure relief valve opens to release excess pressure when it reaches a preset limit, which helps to prevent equipment failure and minimize the risk of injury.
Spring Loaded Pressure Relief Valves:
The spring loaded pressure relief valves are used to relieve the excess pressure in a system. They are installed between the high-pressure and low-pressure parts of an industrial process, which helps to reduce the risk of explosion and fire. The growing demand for HPRVs in oil & gas extraction industry is expected to drive market growth over the forecast period.
Pilot Operated Pressure Relief Valves:
Pilot operated pressure relief valves are used in high pressure relief valves. They are installed between the upstream and downstream parts of a valve, which controls the excess flow of fluid through it. The pilot operated part of this device consists of a ball or globe that is free to move inside the valve body, thereby allowing it to open or close as per requirement.
Application Insights:
The global high pressure relief valves market is segmented on the basis of application into oil and gas, chemical processing industry, paper and pulp industry, food and beverage industry, pharmaceutical industry, power generation sector and others. Oil & gas was estimated as the largest application segment in 2017. The growth can be attributed to rising demand for crude oil from emerging economies such as India & China which require large volumes of natural gas too. This has resulted in an increased number of projects across the globe for discovering new reserves which requires larger pipes with higher pressures leading to a greater need for relief valves globally over the forecast period.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for over 35% of the global revenue share. The region is expected to continue its dominance over the forecast period owing to factors such as growing oil and gas industry, chemical processing sector, food and beverage industry, etc. High-pressure systems are used in various industries for producing different products from chemicals to medicines. In addition, Europe has a well-established oilfield services industry that uses high pressure equipment on a regular basis across all major offshore fields including UK’s Continental Shelf; Norway's North Sea; Denmark Strait; Barents Sea; Mediterranean Sea (Italy); Irish Sea (UK) & Black sea (Russia).
Asia Pacific is estimated to be the fastest-growing regional market at an estimated CAGR of XX% from 2018 to 2030 owing with increasing number of construction projects especially in emerging economies such as China.
Growth Factors:
- Increasing demand for high pressure relief valves in oil and gas industry to prevent accidental explosions
- Growing popularity of hydraulic fracturing or fracking that requires high-pressure relief valves for safety purposes
- Proliferation of smart factories and the Industrial Internet of Things (IIoT) that is expected to drive the growth of the market for high pressure relief valves
- Rising investments in research and development activities by valve manufacturers to develop new products and technologies
- Growing demand from end-use industries such as chemical, power, water & wastewater, oil & gas, and others
Scope Of The Report
Report Attributes
Report Details
Report Title
High Pressure Relief Valves Market Research Report
By Type
Spring Loaded Pressure Relief Valves, Pilot Operated Pressure Relief Valves, Dead Weight Pressure Relief Valves, Others
By Application
Oil and Gas, Chemical Processing Industry, Paper and Pulp Industry, Food and Beverage Industry, Pharmaceutical Industry, Others
By Companies
Pentair, Weir Group, GE, Curtiss Wright, LESER, IMI, Alfa Laval, Flow Safe, Conbarco Industries, Velan, Watts Water Technologies, Goetze KG Armaturen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global High Pressure Relief Valves Market Report Segments:
The global High Pressure Relief Valves market is segmented on the basis of:
Types
Spring Loaded Pressure Relief Valves, Pilot Operated Pressure Relief Valves, Dead Weight Pressure Relief Valves, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Chemical Processing Industry, Paper and Pulp Industry, Food and Beverage Industry, Pharmaceutical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pentair
- Weir Group
- GE
- Curtiss Wright
- LESER
- IMI
- Alfa Laval
- Flow Safe
- Conbarco Industries
- Velan
- Watts Water Technologies
- Goetze KG Armaturen
Highlights of The High Pressure Relief Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spring Loaded Pressure Relief Valves
- Pilot Operated Pressure Relief Valves
- Dead Weight Pressure Relief Valves
- Others
- By Application:
- Oil and Gas
- Chemical Processing Industry
- Paper and Pulp Industry
- Food and Beverage Industry
- Pharmaceutical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Pressure Relief Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High pressure relief valves are used to relieve the pressure in a system that is under high pressure.
Some of the key players operating in the high pressure relief valves market are Pentair, Weir Group, GE, Curtiss Wright, LESER, IMI, Alfa Laval, Flow Safe, Conbarco Industries, Velan, Watts Water Technologies, Goetze KG Armaturen.
The high pressure relief valves market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Pressure Relief Valves Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 High Pressure Relief Valves Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 High Pressure Relief Valves Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the High Pressure Relief Valves Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global High Pressure Relief Valves Market Size & Forecast, 2020-2028 4.5.1 High Pressure Relief Valves Market Size and Y-o-Y Growth 4.5.2 High Pressure Relief Valves Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Spring Loaded Pressure Relief Valves
5.2.2 Pilot Operated Pressure Relief Valves
5.2.3 Dead Weight Pressure Relief Valves
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical Processing Industry
6.2.3 Paper and Pulp Industry
6.2.4 Food and Beverage Industry
6.2.5 Pharmaceutical Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Pressure Relief Valves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Pressure Relief Valves Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Spring Loaded Pressure Relief Valves
9.6.2 Pilot Operated Pressure Relief Valves
9.6.3 Dead Weight Pressure Relief Valves
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical Processing Industry
9.10.3 Paper and Pulp Industry
9.10.4 Food and Beverage Industry
9.10.5 Pharmaceutical Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Spring Loaded Pressure Relief Valves
10.6.2 Pilot Operated Pressure Relief Valves
10.6.3 Dead Weight Pressure Relief Valves
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical Processing Industry
10.10.3 Paper and Pulp Industry
10.10.4 Food and Beverage Industry
10.10.5 Pharmaceutical Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Spring Loaded Pressure Relief Valves
11.6.2 Pilot Operated Pressure Relief Valves
11.6.3 Dead Weight Pressure Relief Valves
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical Processing Industry
11.10.3 Paper and Pulp Industry
11.10.4 Food and Beverage Industry
11.10.5 Pharmaceutical Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Spring Loaded Pressure Relief Valves
12.6.2 Pilot Operated Pressure Relief Valves
12.6.3 Dead Weight Pressure Relief Valves
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical Processing Industry
12.10.3 Paper and Pulp Industry
12.10.4 Food and Beverage Industry
12.10.5 Pharmaceutical Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Spring Loaded Pressure Relief Valves
13.6.2 Pilot Operated Pressure Relief Valves
13.6.3 Dead Weight Pressure Relief Valves
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical Processing Industry
13.10.3 Paper and Pulp Industry
13.10.4 Food and Beverage Industry
13.10.5 Pharmaceutical Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Pressure Relief Valves Market: Competitive Dashboard
14.2 Global High Pressure Relief Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pentair
14.3.2 Weir Group
14.3.3 GE
14.3.4 Curtiss Wright
14.3.5 LESER
14.3.6 IMI
14.3.7 Alfa Laval
14.3.8 Flow Safe
14.3.9 Conbarco Industries
14.3.10 Velan
14.3.11 Watts Water Technologies
14.3.12 Goetze KG Armaturen