Safety Valves Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4168 | Report Format : | Status : Upcoming |

Abstract

Global Safety Valves Market: Overview

The safety valve is a kind of valve that performs its tasks as a fail-safe. For instance, pressure relief valve, a kind of safety valve, automatically discharges material from a pressure vessel or a boiler in the case when the temperature or pressure crosses the specified limits.

Global Safety Valves Market: Growth Factors

Surplus product applications in various industrial processes, increased the usage of safety valves in the oil & gas sector and prominent expansion in the nuclear power production will boost the safety valves market trends. Additionally, the continuous requirement of replacing safety valves and usage of 3D printers in the manufacturing sector will embellish the expansion of safety valves industry during the foreseeable future. Nonetheless, the escalating cost of fabrication can pose a threat to industry growth.

With water & wastewater treatment, energy & power, pharmaceuticals, and chemicals sectors witnessing inflation in the growth of the global market are likely to register an impressive growth rate in the coming decade.

Market participants are trying to implement business strategies such as new product launches and mergers & acquisitions to expand their regional presence.

Global Safety Valves Market: Segmentation

The safety valves market can be segmented based on size, material, and end-user industry. On the basis of size, the safety valves industry is sectored into near about one inch, between one and six inches, between six and twenty-five inches, between twenty-five and fifty inches, fifty inches, and more than fifty inches. Material wise, the market is divided into stainless steel, cryogenic, cast iron, and alloy. End-use industry wise, the market is divided into oil & gas, water & wastewater treatment, and energy & power sectors.

Global Safety Valves Market: Regional Analysis

Based on the region, the safety valves market can be divided into five main regions: North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Discovery of shale gas in countries such as the U.S. and Canada in North America during recent years has driven the growth of the market in the region. Apart from this, clean fuel necessity and massive demand for oil & gas from densely populated countries such as China and India will steer the growth of the North American market.

Asia Pacific region is expected to contribute a major chunk of overall safety valves market share over the assessment period. The exponential rise in the population and urbanization witnessed at a swift pace in China, Indonesia, and India will culminate in huge demand for the product in myriad sectors including power & energy, chemicals, water & wastewater treatment, pharmaceuticals, construction, and oil & gas sectors.

Europe and Latin America markets are expected to experience lucrative growth over the estimated timeline.

Global Safety Valves Market: Competitive Players

Few of the main participants in safety valves market are Weir Group Plc, Emerson Electric Co., Forbes Marshal, Baker Hughes, Cameron–Schlumberger Ltd., Alfa Laval, LESER, IMI Plc., Bosch Rexroth, and Curtiss-Wright Corporation.

Global Safety Valves Market: Regional Segment Analysis

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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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