Market Overview:
The global pressure relief valve 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 pressure relief valves from various end-use industries, such as oil and gas, power, chemical, food and beverages, pulp and paper, pharmaceuticals etc. In addition, the growing awareness about safety measures is also propelling the growth of this market. Based on type, the global pressure relief valve market can be segmented into spring type and lever type valves. The spring type segment is expected to dominate the global pressure relief valve market during the forecast period owing to its features such as low maintenance cost and easy installation. Based on application, the global pressure relief valve market can be divided into oil and gas industry; power industry; chemical industry; food and beverage industry; pulp and paper industry; pharmaceuticals etc.
Product Definition:
A pressure relief valve is a valve that opens to release excess pressure in a fluid system. The purpose of the pressure relief valve is to protect the system from damage due to over-pressurization.
Spring Type:
The spring type is a device that stores elastic energy and gets converted into kinetic energy when needed. The most common usage of springs is in the form of coiled or compressed ones, which are used to propel vehicles such as cars, bikes and even some spacecraft. In addition to being used in vehicles, they are also utilized for various other applications including watches & clocks (as a part of quartz mechanism), airbags deployment in automobiles (to provide pressure relief valve function) and many more.
Lever Type:
Lever type is a device used to move the control valve in and out. It is also known as a port or spool valve. The most common types of lever valves are gate, diaphragm, and ball valves. Gate valves are used for controlling fluid flow through an opening in the closed position; they can be opened by pushing or lifting on the handle attached to it.
Application Insights:
The oil and gas application segment led the global market in 2017. This is attributed to the rising production of oil and gas across various regions, including Middle East, Africa, Russia/CIS, China and Saudi Arabia. In addition to this factor, high crude prices have compelled major companies operating in the upstream sector to increase their capital expenditure (CapEx) for developing new sources of reserves or enhancing their existing extraction capabilities.
Pressure relief valves are used in several applications such as power generation plants & coal-fired stations; chemical processing facilities; food & beverage processing plants; pulp & paper mills; petroleum refineries along with other industrial facilities such as metal foundries and cement kilns. The growing population across several countries has resulted in an increased demand for energy resources that can be supplied by conventional power plants along with wind turbines installed onshore and offshore.
Regional Analysis:
North America is expected to be the largest regional market over the forecast period owing to high product demand from various end-use industries, such as power and energy. The U.S., which is one of the major manufacturers of pressure relief valves in this region, observed a significant increase in its manufacturing output after Brexit vote in 2016. This was mainly due to an increase in domestic demand for valve products along with a surge in exports across the Atlantic Ocean.
Asia Pacific is anticipated to register considerable growth over the coming years owing to rapid industrialization and expansion of oil and gas, chemical, food.
Growth Factors:
- Increasing demand for pressure relief valves in the oil and gas industry as a result of the growth in exploration and production activities
- Rising demand for pressure relief valves from the chemical processing industry, owing to the increasing use of process chemicals in various industries
- Growing popularity of hydraulic fracturing or fracking that leads to an increase in demand for pressure relief valves from oil and gas companies
- Proliferation of stringent safety norms across various industries, which is expected to boost demand for pressure relief valves over the forecast period
- Technological advancements with respect to design and functionality of pressure relief valves that would lead to their increased adoption across industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Pressure Relief Valve Market Research Report
By Type
Spring Type, Lever Type
By Application
Oil and Gas, Power, Chemical, Food and Beverages, Pulp and Paper, Pharmaceuticals
By Companies
Curtiss Wright Corp., GE Co., LESER GmbH & Co. KG, Crompton Greaves Ltd, Pentair Ltd., Weir Group PLC, Alfa Laval AB, Bopp & Reuther Sicherheits- und Regelarmaturen GmbH, Crane Co., Emerson Electric Co., Flowserve Corp., IMI plc, Neway Valve (Suzhou) Co. Ltd, Valvitalia Group S.p.A., Velan Inc., Watts Water Technologies, Inc.
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Pressure Relief Valve Market Report Segments:
The global Pressure Relief Valve market is segmented on the basis of:
Types
Spring Type, Lever Type
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, Power, Chemical, Food and Beverages, Pulp and Paper, Pharmaceuticals
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:
- Curtiss Wright Corp.
- GE Co.
- LESER GmbH & Co. KG
- Crompton Greaves Ltd
- Pentair Ltd.
- Weir Group PLC
- Alfa Laval AB
- Bopp & Reuther Sicherheits- und Regelarmaturen GmbH
- Crane Co.
- Emerson Electric Co.
- Flowserve Corp.
- IMI plc
- Neway Valve (Suzhou) Co. Ltd
- Valvitalia Group S.p.A.
- Velan Inc.
- Watts Water Technologies, Inc.
Highlights of The Pressure Relief 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:
- Spring Type
- Lever Type
- By Application:
- Oil and Gas
- Power
- Chemical
- Food and Beverages
- Pulp and Paper
- Pharmaceuticals
- 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 Pressure Relief 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
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- Understanding Competition Scenario
- Product & Brand 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?
A pressure relief valve is a safety device that relieves excess pressure in an enclosed system. When the system reaches a certain pressure, the relief valve opens and allows air to escape. This prevents damage to the system or people inside it.
Some of the major players in the pressure relief valve market are Curtiss Wright Corp., GE Co., LESER GmbH & Co. KG, Crompton Greaves Ltd, Pentair Ltd., Weir Group PLC, Alfa Laval AB, Bopp & Reuther Sicherheits- und Regelarmaturen GmbH, Crane Co., Emerson Electric Co., Flowserve Corp., IMI plc, Neway Valve (Suzhou) Co. Ltd, Valvitalia Group S.p.A., Velan Inc., Watts Water Technologies, Inc..
The pressure relief valve 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 Pressure Relief 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 Pressure Relief Valve Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pressure Relief 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 Pressure Relief 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 Pressure Relief Valve Market Size & Forecast, 2018-2028
4.5.1 Pressure Relief Valve Market Size and Y-o-Y Growth
4.5.2 Pressure Relief Valve Market Absolute $ Opportunity
Chapter 5 Global Pressure Relief 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 Pressure Relief Valve Market Size Forecast by Type
5.2.1 Spring Type
5.2.2 Lever Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pressure Relief 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 Pressure Relief Valve Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Power
6.2.3 Chemical
6.2.4 Food and Beverages
6.2.5 Pulp and Paper
6.2.6 Pharmaceuticals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pressure Relief 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 Pressure Relief 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 Pressure Relief Valve Analysis and Forecast
9.1 Introduction
9.2 North America Pressure Relief 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 Pressure Relief Valve Market Size Forecast by Type
9.6.1 Spring Type
9.6.2 Lever Type
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 Pressure Relief Valve Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Power
9.10.3 Chemical
9.10.4 Food and Beverages
9.10.5 Pulp and Paper
9.10.6 Pharmaceuticals
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 Pressure Relief Valve Analysis and Forecast
10.1 Introduction
10.2 Europe Pressure Relief 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 Pressure Relief Valve Market Size Forecast by Type
10.6.1 Spring Type
10.6.2 Lever Type
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 Pressure Relief Valve Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Power
10.10.3 Chemical
10.10.4 Food and Beverages
10.10.5 Pulp and Paper
10.10.6 Pharmaceuticals
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 Pressure Relief Valve Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pressure Relief 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 Pressure Relief Valve Market Size Forecast by Type
11.6.1 Spring Type
11.6.2 Lever Type
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 Pressure Relief Valve Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Power
11.10.3 Chemical
11.10.4 Food and Beverages
11.10.5 Pulp and Paper
11.10.6 Pharmaceuticals
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 Pressure Relief Valve Analysis and Forecast
12.1 Introduction
12.2 Latin America Pressure Relief 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 Pressure Relief Valve Market Size Forecast by Type
12.6.1 Spring Type
12.6.2 Lever Type
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 Pressure Relief Valve Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Power
12.10.3 Chemical
12.10.4 Food and Beverages
12.10.5 Pulp and Paper
12.10.6 Pharmaceuticals
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) Pressure Relief Valve Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pressure Relief 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) Pressure Relief Valve Market Size Forecast by Type
13.6.1 Spring Type
13.6.2 Lever Type
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) Pressure Relief Valve Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Power
13.10.3 Chemical
13.10.4 Food and Beverages
13.10.5 Pulp and Paper
13.10.6 Pharmaceuticals
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 Pressure Relief Valve Market: Competitive Dashboard
14.2 Global Pressure Relief Valve Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Curtiss Wright Corp.
14.3.2 GE Co.
14.3.3 LESER GmbH & Co. KG
14.3.4 Crompton Greaves Ltd
14.3.5 Pentair Ltd.
14.3.6 Weir Group PLC
14.3.7 Alfa Laval AB
14.3.8 Bopp & Reuther Sicherheits- und Regelarmaturen GmbH
14.3.9 Crane Co.
14.3.10 Emerson Electric Co.
14.3.11 Flowserve Corp.
14.3.12 IMI plc
14.3.13 Neway Valve (Suzhou) Co. Ltd
14.3.14 Valvitalia Group S.p.A.
14.3.15 Velan Inc.
14.3.16 Watts Water Technologies, Inc.
