Market Overview:
The global overfill prevention valve market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for overfill prevention valves from various end-use industries, such as petrochemical, transportation, and others. In addition, the growing awareness about safety and security among consumers is also propelling the growth of this market. Based on type, the global overfill prevention valve market can be segmented into aluminum and stainless steel. Aluminum-based overfill prevention valves are more popular than stainless steel-based ones owing to their low cost and easy installation process. However, stainless steel-based valves offer better corrosion resistance as compared to aluminum ones and are hence preferred in applications where there is a high risk of corrosion caused by chemicals or other liquids present in the system. Based on application, the global overfill prevention valve market can be segmented into petrochemical industry, transportation industry (railways & roadways), oil & gas industry (onshore & offshore), water treatment plants/utilities sector), power generation sector)and others (including food processing plants& beverage production units).
Product Definition:
An overfill prevention valve is a device used to prevent liquid from overflowing a container. The valve is typically opened when the level of liquid in the container reaches a certain point, and then closed once it has been emptied. This helps to ensure that liquids are not spilled or wasted, and also prevents the formation of dangerous vapor pockets.
Aluminum:
Aluminum is a metal, Al, an alloy of between 3 and 4.5% by weight of iron. It has the highest specific strength among all metals; it is three times stronger than steel and twice as strong as copper. Aluminum has excellent malleability and ductility due to which it can be easily formed into any shape required by the industry participant’s process.
Stainless Steel:
Stainless steel is a type of alloy that consists of iron, chromium, nickel and other metals. Stainless steel is corrosion-resistant and has high durability. It can be easily fabricated and formed by the processes such as casting, forging or extrusion. The various properties of stainless steel such as good electrical & thermal conductivity; high strength; low carbon content; resistance to stain & rust are driving factors for the growth in demand for stainless steel in overfill prevention valve market globally.
Application Insights:
Petrochemical was the dominant application segment in 2017 and accounted for a revenue share of over 40%. The growth can be attributed to the growing demand for crude oil & petroleum products across the globe. Overfilling of a crude oil tank may lead to an increase in pressure inside the tank, which may cause leakage or fracture at wall thicknesses. Thus, prevention valves are installed at each crude oil/petroleum product filling station as a safety measure so that excess flow does not occur and tanks remain full throughout operations.
The transportation segment is expected to witness significant growth over the forecast period owing to increasing investments by governments & public-private partnerships (PPP) in railways infrastructure development across various regions including Europe, Asia Pacific and North America. PPPs involve private investors who undertake projects valued above USD 10 billion on behalf of Governments with financial guarantees provided by Governments themselves or their agencies along with funding from multilateral institutions such as World Bank Group, Asian Development Bank (ADB).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for OVPs in refineries and chemical industries. The presence of numerous manufacturing facilities engaged in producing petrochemicals, plastics, and paints & coatings in the region has led to an increase in product demand. In addition, rising investments by various governments for developing infrastructure such as hospitals, schools, colleges etc., are anticipated to propel product consumption over the forecast period.
The Middle East & Africa is also likely have significant growth opportunities due its large oil reserves which need continuous maintenance and surveillance on account of corrosion issues associated with metal piping systems used for transfer processes such as crude oil transfer/transfer lines; gas processing lines; water treatment plants; heat exchangers etc.
Growth Factors:
- Increasing demand for overfill prevention valves in the oil and gas industry as a result of stringent safety regulations
- Growing popularity of overfill prevention valves in the chemical processing industry due to their ability to prevent accidental spills
- Rising demand for overfill prevention valves from the automotive sector, owing to increasing production of passenger cars and commercial vehicles
- Proliferation of smart factories, which is expected to drive the adoption of overfill prevention valves across various industrial sectors
- Technological advancements that have led to the development of more reliable and efficient overfill prevention valves
Scope Of The Report
Report Attributes
Report Details
Report Title
Overfill Prevention Valve Market Research Report
By Type
Aluminum, Stainless Steel
By Application
Petrochemical, Transportation, Other
By Companies
Dover, Franklin Fueling Systems, Morrison Bros, Preferred Utilities MFG, LAFON, Atkinson Equipment, Hytek, Tuffa Tanks, Ridart, Qingdao Guihe Measurement & Control Technology, Dover
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Overfill Prevention Valve Market Report Segments:
The global Overfill Prevention Valve market is segmented on the basis of:
Types
Aluminum, Stainless Steel
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
Petrochemical, Transportation, Other
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:
- Dover
- Franklin Fueling Systems
- Morrison Bros
- Preferred Utilities MFG
- LAFON
- Atkinson Equipment
- Hytek
- Tuffa Tanks
- Ridart
- Qingdao Guihe Measurement & Control Technology
- Dover
Highlights of The Overfill Prevention Valve 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:
- Aluminum
- Stainless Steel
- By Application:
- Petrochemical
- Transportation
- Other
- 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 Overfill Prevention Valve 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
An overfill prevention valve is a safety device that helps prevent liquid from spilling over the top of a container. When the valve is activated, it prevents any more liquid from entering the container and potentially causing an overflow.
Some of the key players operating in the overfill prevention valve market are Dover, Franklin Fueling Systems, Morrison Bros, Preferred Utilities MFG, LAFON, Atkinson Equipment, Hytek, Tuffa Tanks, Ridart, Qingdao Guihe Measurement & Control Technology, Dover.
The overfill prevention valve market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Overfill Prevention Valve 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 Overfill Prevention Valve Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Overfill Prevention Valve 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 Overfill Prevention Valve 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 Overfill Prevention Valve Market Size & Forecast, 2018-2028 4.5.1 Overfill Prevention Valve Market Size and Y-o-Y Growth 4.5.2 Overfill Prevention Valve Market Absolute $ Opportunity
Chapter 5 Global Overfill Prevention Valve 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 Overfill Prevention Valve Market Size Forecast by Type
5.2.1 Aluminum
5.2.2 Stainless Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Overfill Prevention Valve 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 Overfill Prevention Valve Market Size Forecast by Applications
6.2.1 Petrochemical
6.2.2 Transportation
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Overfill Prevention Valve 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 Overfill Prevention Valve 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 Overfill Prevention Valve Analysis and Forecast
9.1 Introduction
9.2 North America Overfill Prevention Valve 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 Overfill Prevention Valve Market Size Forecast by Type
9.6.1 Aluminum
9.6.2 Stainless Steel
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 Overfill Prevention Valve Market Size Forecast by Applications
9.10.1 Petrochemical
9.10.2 Transportation
9.10.3 Other
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 Overfill Prevention Valve Analysis and Forecast
10.1 Introduction
10.2 Europe Overfill Prevention Valve 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 Overfill Prevention Valve Market Size Forecast by Type
10.6.1 Aluminum
10.6.2 Stainless Steel
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 Overfill Prevention Valve Market Size Forecast by Applications
10.10.1 Petrochemical
10.10.2 Transportation
10.10.3 Other
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 Overfill Prevention Valve Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Overfill Prevention Valve 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 Overfill Prevention Valve Market Size Forecast by Type
11.6.1 Aluminum
11.6.2 Stainless Steel
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 Overfill Prevention Valve Market Size Forecast by Applications
11.10.1 Petrochemical
11.10.2 Transportation
11.10.3 Other
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 Overfill Prevention Valve Analysis and Forecast
12.1 Introduction
12.2 Latin America Overfill Prevention Valve 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 Overfill Prevention Valve Market Size Forecast by Type
12.6.1 Aluminum
12.6.2 Stainless Steel
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 Overfill Prevention Valve Market Size Forecast by Applications
12.10.1 Petrochemical
12.10.2 Transportation
12.10.3 Other
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) Overfill Prevention Valve Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Overfill Prevention Valve 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) Overfill Prevention Valve Market Size Forecast by Type
13.6.1 Aluminum
13.6.2 Stainless Steel
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) Overfill Prevention Valve Market Size Forecast by Applications
13.10.1 Petrochemical
13.10.2 Transportation
13.10.3 Other
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 Overfill Prevention Valve Market: Competitive Dashboard
14.2 Global Overfill Prevention Valve Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dover
14.3.2 Franklin Fueling Systems
14.3.3 Morrison Bros
14.3.4 Preferred Utilities MFG
14.3.5 LAFON
14.3.6 Atkinson Equipment
14.3.7 Hytek
14.3.8 Tuffa Tanks
14.3.9 Ridart
14.3.10 Qingdao Guihe Measurement & Control Technology
14.3.11 Dover