Safety Valves Market Size, Share, Trends, Growth and Forecast 2032

Safety Valves Market

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, 2024-2032

Category: Semiconductor & Electronics Report Format : PDF Pages: 158 Report Code: ZMR-4707 Published Date: Oct-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 5.21 Billion USD 9.05 Billion 6.32% 2023

Global Safety Valves Market Size: Overview

The global safety valves market size was worth around USD 5.21 billion in 2023 and is predicted to grow to around USD 9.05 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.32% between 2024 and 2032.

The Safety Valves Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2023–2032. The growth of the market can be attributed to the increasing demand for Safety Valves owning to the Home Use, Commercial Use, Industrial Use, Utilities, Other Applications across the global level. The report provides insights regarding the lucrative opportunities in the Safety Valves Market at the country level. The report also includes a precise cost, segments, trends, region, and commercial development of the major key players globally for the projected period.

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Safety Valves Market: Overview

The Safety Valves Market report represents gathered information about a market within an industry or various industries. The Safety Valves Market report includes analysis in terms of both quantitative and qualitative data with a forecast period of the report extending from 2023 to 2030. The report is prepared to take into consideration various factors such as Product pricing, Product or services penetration at both country and regional levels, Country GDP, market dynamics of parent market & child markets, End application industries, major players, consumer buying behavior, economic, political, social scenarios of countries, many others. The report is divided into various segments to offer a detailed analysis of the market from every possible aspect of the market.

Safety Valves Market: Growth Drivers

The overall report focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter’s 5 Force’s Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period. The drivers and restraints cover the internal factors of the market whereas opportunities and challenges are the external factors that are affecting the market. The market outlook section also gives an indication of the trends influencing new business development and investment opportunities.

The report covers in-depth analysis of the strategies adopted by major competitors in the safety valves market. To understand the competitive landscape in the safety valves market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein type, size, industry vertical, and regional segments are benchmarked on the basis of their market size and growth rate.

Global Safety Valves Market Size: Segmentation

The research study provides a decisive view on the safety valves market based on type, size, industry vertical, and region.

Based on type, the global safety valves market is further divided into steel, cast iron, alloy, cryogenic, and others.

Based on size, Up to 1”, 1” to 6”, 6" to 25", 25" to 50", and 50" & more form the size segment of global safety valves market.

The industry vertical segment is bifurcated into oil & gas, energy & power, chemicals, construction, pharmaceuticals, food & beverages, and others.

Safety Valves Market: Report Scope

Report Attributes Report Details
Report Name Safety Valves Market
Market Size in 2023 USD 5.21 Billion
Market Forecast in 2032 USD 9.05 Billion
Growth Rate CAGR of 6.32%
Number of Pages 158
Key Companies Covered Weir Group, Baker Hughes, IMI, Emerson Electric, Alfa Laval, Bosch Rexroth, Leser, Forbes Marshall, Curtiss-Wright Corporation, and Schlumberger among others
Segments Covered By Type, By Size, By Industry Vertical and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Safety Valves Market: Regional Analysis

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Taiwan, Brazil, and Argentina among others.

Global Safety Valves Market Size: Competitive Players

Detailed analysis of the major players in the global safety valves market includes 

  • Weir Group
  • Baker Hughes
  • IMI
  • Emerson Electric
  • Alfa Laval
  • Bosch Rexroth
  • Leser
  • Forbes Marshall
  • Curtiss-Wright Corporation
  • Schlumberger among others.

The report segment of the global safety valves market as follows:

Global Safety Valves Market: Type Segment Analysis

Global Safety Valves Market: Size Segment Analysis

  • Up to 1”
  • 1” to 6”
  • 6" to 25"
  • 25" to 50"
  • 50" & More

Global Safety Valves Market: Industry Vertical Segment Analysis

  • Oil & Gas
  • Energy & Power
  • Chemicals
  • Construction
  • Pharmaceuticals
  • Food & Beverages
  • Others

Global Safety Valves Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Mechanical devices known as safety valves are intended to autonomously release pressure from a system when it surpasses a predetermined threshold, thereby safeguarding personnel and equipment from potentially hazardous overpressure situations. In order to prevent accidents, explosions, or damage caused by pressure accumulation, these valves are frequently employed in industries such as oil and gas, chemical processing, manufacturing, and power generation.
The demand for safety valves to safeguard personnel and equipment in high-pressure environments is driven by the increased activity in industries such as oil and gas, chemical manufacturing, power generation, and water treatment.
The global safety valves market size was worth around USD 5.21 billion in 2023 and is predicted to grow to around USD 9.05 billion by 2032.

The global safety valves market a compound annual growth rate (CAGR) of roughly 6.32% between 2024 and 2032.

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Taiwan, Brazil, and Argentina among others.

Weir Group, Baker Hughes, IMI, Emerson Electric, Alfa Laval, Bosch Rexroth, Leser, Forbes Marshall, Curtiss-Wright Corporation, and Schlumberger among others

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