The global safety valves market is estimated to grow at a CAGR of 7.3% over the forecast period, during which it is anticipated to be valued at US$2,938.0 million in 2030. The key factors driving the growth of the global safety valves market include increasing need for energy efficiency and green technologies such as renewable energy sources that require reduction in emissions coupled with stringent environmental regulations; implementation of new technologies such as smart valves and remote control valve systems; and upgrading or replacement of existing infrastructure due to increased demand for gas distribution networks. In addition, growing population in developing economies and high population density also drive up the demand for safety valves. The surface type segment accounted for almost 40% share of the total revenue generated by the global safety valve market in terms of value during 2017-2030. This share is attributed to higher number of installation sites due to their easy installation process compared with subsurface types, which are more expensive than surface types owing to soil conditions requiring excavation before installation can be completed successfully. Surface type segment will continue to dominate through 2030 owing its high adoption rates across various regions globally including North America, Europe, Asia Pacific and Middle East & Africa (MEA), which are expected to lead this segment throughout 2030 driven by rising trends towards integrating smart technologies into surfaces such as intelligent sensing systems along with remote control capabilities developed by research organizations like National Renewable Energy Laboratory (NREL). Geographically, North America accounted for the highest share of total revenue generated by the global safety valves market in terms of value during 2017-2030. The high share is attributed to growing demand for safety valves across various industrial sectors such as oil and gas, pulp and paper, chemical process industries, among others. Furthermore, MEA is also projected to experience high growth owing its expanding population due to higher birth rates coupled with access to more natural resources which drives up construction activities. The global safety valves market is segmented based on valve types, end-user applications and regions. On the basis of valve type, the market is divided into surface-type safety valves and subsurface-type safety valves. The end user application segment includes energy production & distribution, chemical & petrochemical industry and other end users such as industrial facilities (e.g., offshore oil drilling platforms), defense applications (e.g., aircraft carriers) and commercial facilities (e.g., airports).Industry Growth Insights published a new data on “Safety Valves Market”. The research report is titled “Safety Valves Market research by Types (Surface Safety Valves, Subsurface Safety Valves), By Applications (Home Use, Commercial Use, Industrial Use, Utilities, Other), By Players/Companies Schlumberger, Shanghai BODO, SUNRY, Jereh Oilfield Equipment, MCM OIL TOOLS, Halliburton, Baker Hughes, Tejas, American Completion Tools, SUNRY, Sensus, Viewshine, AVK, Johnson Electric”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Safety Valves Market Research Report
By Type
Surface Safety Valves, Subsurface Safety Valves
By Application
Home Use, Commercial Use, Industrial Use, Utilities, Other
By Companies
Schlumberger, Shanghai BODO, SUNRY, Jereh Oilfield Equipment, MCM OIL TOOLS, Halliburton, Baker Hughes, Tejas, American Completion Tools, SUNRY, Sensus, Viewshine, AVK, Johnson Electric
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Safety Valves Market Report Segments:
The global Safety Valves market is segmented on the basis of:
Types
Surface Safety Valves, Subsurface Safety Valves
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
Home Use, Commercial Use, Industrial Use, Utilities, 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:
- Schlumberger
- Shanghai BODO
- SUNRY
- Jereh Oilfield Equipment
- MCM OIL TOOLS
- Halliburton
- Baker Hughes
- Tejas
- American Completion Tools
- SUNRY
- Sensus
- Viewshine
- AVK
- Johnson Electric
Highlights of The Safety 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:
- Surface Safety Valves
- Subsurface Safety Valves
- By Application:
- Home Use
- Commercial Use
- Industrial Use
- Utilities
- 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 Safety 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.
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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 safety valve is a device that releases pressure in a system in order to prevent an explosion or hazardous situation.
Some of the key players operating in the safety valves market are Schlumberger, Shanghai BODO, SUNRY, Jereh Oilfield Equipment, MCM OIL TOOLS, Halliburton, Baker Hughes, Tejas, American Completion Tools, SUNRY, Sensus, Viewshine, AVK, Johnson Electric.
The safety valves market is expected to register a CAGR of 7.3%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Safety Valves Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Safety Valves Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Safety Valves Market - Supply Chain
4.5. Global Safety Valves Market Forecast
4.5.1. Safety Valves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Safety Valves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Safety Valves Market Absolute $ Opportunity
5. Global Safety Valves Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Safety Valves Market Size and Volume Forecast by Type
5.3.1. Surface Safety Valves
5.3.2. Subsurface Safety Valves
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Safety Valves Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Safety Valves Market Size and Volume Forecast by Application
6.3.1. Home Use
6.3.2. Commercial Use
6.3.3. Industrial Use
6.3.4. Utilities
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Safety Valves Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Safety Valves Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Safety Valves Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Safety Valves Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Safety Valves Demand Share Forecast, 2019-2026
9. North America Safety Valves Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Safety Valves Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Safety Valves Market Size and Volume Forecast by Application
9.4.1. Home Use
9.4.2. Commercial Use
9.4.3. Industrial Use
9.4.4. Utilities
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Safety Valves Market Size and Volume Forecast by Type
9.7.1. Surface Safety Valves
9.7.2. Subsurface Safety Valves
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Safety Valves Demand Share Forecast, 2019-2026
10. Latin America Safety Valves Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Safety Valves Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Safety Valves Market Size and Volume Forecast by Application
10.4.1. Home Use
10.4.2. Commercial Use
10.4.3. Industrial Use
10.4.4. Utilities
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Safety Valves Market Size and Volume Forecast by Type
10.7.1. Surface Safety Valves
10.7.2. Subsurface Safety Valves
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Safety Valves Demand Share Forecast, 2019-2026
11. Europe Safety Valves Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Safety Valves Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Safety Valves Market Size and Volume Forecast by Application
11.4.1. Home Use
11.4.2. Commercial Use
11.4.3. Industrial Use
11.4.4. Utilities
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Safety Valves Market Size and Volume Forecast by Type
11.7.1. Surface Safety Valves
11.7.2. Subsurface Safety Valves
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.0. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Safety Valves Demand Share, 2019-2026
12. Asia Pacific Safety Valves Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Safety Valves Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Safety Valves Market Size and Volume Forecast by Application
12.4.1. Home Use
12.4.2. Commercial Use
12.4.3. Industrial Use
12.4.4. Utilities
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Safety Valves Market Size and Volume Forecast by Type
12.7.1. Surface Safety Valves
12.7.2. Subsurface Safety Valves
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Safety Valves Demand Share, 2019-2026
13. Middle East & Africa Safety Valves Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Safety Valves Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Safety Valves Market Size and Volume Forecast by Application
13.4.1. Home Use
13.4.2. Commercial Use
13.4.3. Industrial Use
13.4.4. Utilities
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Safety Valves Market Size and Volume Forecast by Type
13.7.1. Surface Safety Valves
13.7.2. Subsurface Safety Valves
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Safety Valves Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Safety Valves Market: Market Share Analysis
14.2. Safety Valves Distributors and Customers
14.3. Safety Valves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schlumberger
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shanghai BODO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SUNRY
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jereh Oilfield Equipment
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MCM OIL TOOLS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Halliburton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Baker Hughes
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tejas
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. American Completion Tools
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SUNRY
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sensus
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Viewshine
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. AVK
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Johnson Electric
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook