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PUBLISHER: IMARC | PRODUCT CODE: 1390455
PUBLISHER: IMARC | PRODUCT CODE: 1390455
Pressure Reducing Valve Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 140 Pages
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Abstract
The global pressure reducing valve market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.45% during 2022-2028.
A pressure reducing valve (PRV) is equipment utilized for reducing incoming water or steam pressure. It is also used to safeguard the installation from noises in the pipes, water hammers, splashes, and premature wear of household electrical appliances and taps. Besides this, it assists in plumbing, conserving water, saving money on utility bills, and extending the lifespan of fixtures and appliances. As it is easy to install and reliable, a PRV is widely employed in residential, commercial, institutional, and industrial applications across the globe.
Pressure Reducing Valve Market Trends:
A considerable expansion in the oil and gas industry, in confluence with the extensive investments in research and development (R&D) activities, represents one of the key factors driving the market. PRVs aid in maintaining pressure in the pipeline and preventing pipes from bursting. They also find application in protecting against leakage and preventing overheating of pipes. As a result, there is a rise in the need for these valves in the petroleum and oil industry around the world. Apart from this, the rising adoption of these valves in fire safety trucks is also supporting the market growth. This can be accredited to their pressure controlling mechanism, which is required during the emission of water. Furthermore, leading players are introducing flow modulated PRVs that produce constant pressure at critical points within the distribution system. This, along with the significant investments in new refineries, development of existing facilities and increasing mergers and acquisitions (M&G), are some of the other factors fueling the market growth. The market is projected to propel in the coming years on account of rapid urbanization and industrialization worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pressure reducing valve market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, operating pressure and end user.
Breakup by Type:
Direct Acting
Pilot Operated
Breakup by Operating Pressure:
Below 300 Psig
301-600 Psig
Above 600 Psig
Breakup by End User:
Oil and Gas
Power Generation
Chemical
Water and Wastewater
Metals and Mining
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aalberts N.V., Armstrong International Inc., CIRCOR International Inc., Eaton Corporation plc, Forbes Marshall, Honeywell International Inc., KSB SE & Co. KGaA, Parker-Hannifin Corp., Reliance Worldwide Corporation Limited, Spirax-Sarco Engineering plc, TALIS Management Holding GmbH and Watts Water Technologies Inc.
Key Questions Answered in This Report
- 1. How big is the global pressure reducing valve market?
- 2. What is the expected growth rate of the global pressure reducing valve market during 2023-2028?
- 3. What are the key factors driving the global pressure reducing valve market?
- 4. What has been the impact of COVID-19 on the global pressure reducing valve market?
- 5. What is the breakup of the global pressure reducing valve market based on the type?
- 6. What is the breakup of the global pressure reducing valve market based on the operating pressure?
- 7. What is the breakup of the global pressure reducing valve market based on the end user?
- 8. What are the key regions in the global pressure reducing valve market?
- 9. Who are the key players/companies in the global pressure reducing valve market?
Product Code: SR112023A4180
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Pressure Reducing Valve Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Direct Acting
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Pilot Operated
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Operating Pressure
- 7.1 Below 300 Psig
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 301-600 Psig
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Above 600 Psig
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End User
- 8.1 Oil and Gas
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Power Generation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Chemical
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Water and Wastewater
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Metals and Mining
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Aalberts N.V.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Armstrong International Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 CIRCOR International Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Eaton Corporation plc
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Forbes Marshall
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Honeywell International Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 KSB SE & Co. KGaA
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Parker-Hannifin Corp.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Reliance Worldwide Corporation Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Spirax-Sarco Engineering plc
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 TALIS Management Holding GmbH
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Watts Water Technologies Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.1 Aalberts N.V.
Product Code: SR112023A4180
List of Figures
- Figure 1: Global: Pressure Reducing Valve Market: Major Drivers and Challenges
- Figure 2: Global: Pressure Reducing Valve Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Pressure Reducing Valve Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Pressure Reducing Valve Market: Breakup by Type (in %), 2022
- Figure 5: Global: Pressure Reducing Valve Market: Breakup by Operating Pressure (in %), 2022
- Figure 6: Global: Pressure Reducing Valve Market: Breakup by End User (in %), 2022
- Figure 7: Global: Pressure Reducing Valve Market: Breakup by Region (in %), 2022
- Figure 8: Global: Pressure Reducing Valve (Direct Acting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Pressure Reducing Valve (Direct Acting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Pressure Reducing Valve (Pilot Operated) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Pressure Reducing Valve (Pilot Operated) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Pressure Reducing Valve (Below 300 Psig) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Pressure Reducing Valve (Below 300 Psig) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Pressure Reducing Valve (301-600 Psig) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Pressure Reducing Valve (301-600 Psig) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Pressure Reducing Valve (Above 600 Psig) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Pressure Reducing Valve (Above 600 Psig) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Pressure Reducing Valve (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Pressure Reducing Valve (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Pressure Reducing Valve (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Pressure Reducing Valve (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Pressure Reducing Valve (Chemical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Pressure Reducing Valve (Chemical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Pressure Reducing Valve (Water and Wastewater) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Pressure Reducing Valve (Water and Wastewater) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Pressure Reducing Valve (Metals and Mining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Pressure Reducing Valve (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Pressure Reducing Valve (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Pressure Reducing Valve (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022.
- Figure 67: Others: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Pressure Reducing Valve Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Pressure Reducing Valve Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Pressure Reducing Valve Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Pressure Reducing Valve Industry: SWOT Analysis
- Figure 80: Global: Pressure Reducing Valve Industry: Value Chain Analysis
- Figure 81: Global: Pressure Reducing Valve Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Pressure Reducing Valve Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Pressure Reducing Valve Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Pressure Reducing Valve Market Forecast: Breakup by Operating Pressure (in Million US$), 2023-2028
- Table 4: Global: Pressure Reducing Valve Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Pressure Reducing Valve Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Pressure Reducing Valve Market: Competitive Structure
- Table 7: Global: Pressure Reducing Valve Market: Key Players
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