Global Safety Valves Market To Show Striking Development And Surpass USD 5.9 Billion By 2025

07-Sep-2020 | Zion Market Research

As per Zion Market Research, the safety valves market predicted to surpass USD 5.9 billion by 2025 with a CAGR of 4.5%. The market was capitalized at USD 4.7 billion in 2019. Significance of safety valves in industrial procedures, development in nuclear energy creations, and elevated requirement from oil & gas are amongst the major boosting factors for the global market. Employment of 3D printers in making lines and constant requirement for safety valve replacement are amongst the other factors powering the global market growth.

Global Safety Valves Market Size

Major companies active in the safety valve market comprise LESER, Emerson Electric Co., IMI Plc, Cameron–Schlumberger Ltd, Baker Hughes, Weir Group Plc, Forbes Marshall, Bosch Rexroth, Alfa Laval, and Curtiss-Wright Corporation.

Stainless Steel Material To Add Up For The Biggest Share Of The Global Market In The Years To Come

On the basis of material, the global safety valve market is divided into cast iron, stainless steel, cryogenic, alloy, and others. The stainless steel segment is projected to show rapid development in the long run. Increasing demand for high-quality security valve to alleviate the danger of contamination in essential procedures, such as steam and water handling, in chemicals and food & beverages sectors will boost the stainless steel safety valve market in the long run.

Agriculture Sector To Develop At Rapid Speed During The Forecast Period

The agriculture sector is projected to show rapid development during the forecast period since there is a huge difference of pipe elevation owing to natural factors. Safety valves are used in agriculture for precision and irrigation farming applications. Valves created from steel, brass, and a wide series of plastics substances are used widely.

Asia Pacific To Add Up For The Biggest Share Of The Global Market During The Forecast Period

Asia Pacific is projected to add up for the biggest share of the global market for safety valves in the years to come. The market in this area is also predicted to witness noteworthy development from 2019 to 2025. The rapid urbanization and population growth in developing nations, such as India and China, have prompted the swift development in the area, which will drive the requirement for safety valve from different sectors such as water & wastewater treatment, energy & power, chemicals, construction, oil & gas, and pharmaceuticals.

Browse the full “Safety Valves Market by Type (Steel, Cast Iron, Alloy, Cryogenic, and Others) by Size (Up to 1”, 1” to 6”, 6" to 25", 25" to 50", and 50" & More) by Industry Vertical (Oil & Gas, Energy & Power, Chemicals, Construction, Pharmaceuticals, Food & Beverages, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025.” Report at https://www.zionmarketresearch.com/report/safety-valves-industry

The global safety valves market is segmented as follows:

By Material

  • Steel
  • Cast Iron
  • Alloy
  • Cryogenic
  • Others (Brass, Bronze, and Plastic)

By Size

  • Up To 1”
  • 1” to 6”
  • 6” to 25”
  • 25” to 50”
  • 50” and Larger

By Industry

  • Oil & Gas
  • Energy & Power
  • Chemicals
  • Water & Wastewater
  • Building & Construction
  • Pharmaceuticals
  • Agriculture
  • Metal & Mining
  • Paper & Pulp
  • Food & Beverages
  • Others (Semiconductor, Textile, and Glass)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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