Pressure Relief Valves Market Size- By Product Type, By Set Pressure, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

Global Pressure Relief Valves Market Overview

According to SPER Market Research, the Global Pressure Relief Valves Market is estimated to reach USD 7.40 billion by 2032 with a CAGR of 4.84%.

Application programming interfaces (APIs) are tested both directly and as part of integration A safety valve called a relief valve, often referred to as a pressure relief valve (PRV), is used to control or limit the pressure in a system. Without it, pressure could build up and lead to a process upset, instrument or equipment failure, or fire. By allowing the pressured fluid to exit the system via an alternate channel, the pressure is reduced. For the purpose of preventing pressure vessels and other equipment from exceeding its design limits, the relief valve is intended to open or is programmed to do so at a specific set pressure. The relief valve is forced open when the predetermined pressure is exceeded, and some of the fluid is then driven along the auxiliary channel, creating the "path of least resistance.

PRVs are essential for the secure and effective operation of nuclear power facilities. They support stations' smooth operation at predetermined pressures while safeguarding turbines, boilers, and superheaters. A few other elements fostering market growth include the ongoing demand for safety valve replacement in industrial processes and an increase in the utilisation of additive manufacturing in production lines. However, the cost of PRV production may limit the market's predicted expansion in the upcoming years. The demanding industrial settings in which the valves are employed make continual performance monitoring necessary. As a result, there is a strong need for PRV replacements. Over the future years, it is projected that the market will develop as the need for valve replacement increases.

Impact of COVID-19 on the Global Pressure Relief Valves Market

In light of the global lockdown caused by the COVID-19 pandemic, some goods in the pressure relief valves sector were no longer produced. The market for pressure relief valves was restricted as a result. Pressure relief valve sales were impacted by COVID-19, and market expansion is likely to suffer as a result. Although sales of pressure relief valves were drastically reduced in the early stages of the epidemic, the market is anticipated to rebound strongly in the years to come when activities in the global manufacturing sector reach threshold levels.

Scope of the Report:

Report Metric Details

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Product Type, By Set Pressure, By End User.

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered ALFA Laval AB, Baker Hughes, CIRCOR International Inc., Curtiss-Wright Corporation, Emerson Electric Co., IMI plc, Mercer Valve Co. Inc., Parker Hannifin Corp., Rexnord Corporation, The Weir Group plc, Watts.

Global Pressure Relief Valves Market Segmentation:

By Product Type: Based on the Product Type, Global Pressure Relief Valves Market is segmented as; Spring Loaded Pressure Relief Valves, Pilot operated Pressure Relief Valves, Dead Weight Pressure Relief Valves, P&T Actuated Pressure Relief Valves.

By Set Pressure: Based on the Set Pressure, Global Pressure Relief Valves Market is segmented as; Low Pressure Relief Valves, Medium Pressure Relief Valves, High Pressure Relief Valves.

By End User: Based on the End User, Global Pressure Relief Valves Market is segmented as; Pressure Relief Valves for Oil & Gas (Upstream, Midstream, Downstream), Pressure Relief Valves Chemical Processing, Pressure Relief Valves Power Generation, Pressure Relief Valves Paper & Pulp, Pressure Relief Valves Food & Beverages, Pressure Relief Valves Pharmaceuticals, Others.

By Region: Based on geography, The Global Pressure Relief Valves Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Due to rising tariffs in North America, mainly in the United States, the price of valves has increased recently on a global scale. Major American and European companies have locations in both high- and low-income nations.

Product Code: POAE2308

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Pressure Relief Valves Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1 Global Pressure Relief Valves Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Pressure Relief Valves Market

7. Global Pressure Relief Valves Market, By Deployment Type, 2019-2032 (USD Million)

7.1. Spring Loaded Pressure Relief Valves
7.2. Pilot operated Pressure Relief Valves
7.3. Dead Weight Pressure Relief Valves
7.4. P&T Actuated Pressure Relief Valves

8. Global Pressure Relief Valves Market, By Component, 2019-2032 (USD Million)

8.1. Low Pressure Relief Valves
8.2. Medium Pressure Relief Valves
8.3. High Pressure Relief Valves

9. Global Pressure Relief Valves Market, By Vertical, 2019-2032 (USD Million)

9.1. Pressure Relief Valves for Oil & Gas
9.2. Upstream
9.3. Midstream
9.4. Downstream
9.5. Pressure Relief Valves Chemical Processing
9.6. Pressure Relief Valves Power Generation
9.7. Pressure Relief Valves Paper & Pulp
9.8. Pressure Relief Valves Food & Beverages
9.9. Pressure Relief Valves Pharmaceuticals
9.10. Others

10. Global Pressure Relief Valves Market, By Region, 2019-2032 (USD Million)

10.1. Global Pressure Relief Valves Market Size and Market Share by Region (2019-2025)
10.2. Global Pressure Relief Valves Market Size and Market Share by Region (2026-2032)
10.3. Asia-Pacific
- 10.3.1. Australia
- 10.3.2. China
- 10.3.3. India
- 10.3.4. Japan
- 10.3.5. South Korea
- 10.3.6. Rest of Asia-Pacific
10.4. Europe
- 10.4.1. France
- 10.4.2. Germany
- 10.4.3. Italy
- 10.4.4. Spain
- 10.4.5. United Kingdom
- 10.4.6. Rest of Europe
10.5. Middle East and Africa
- 10.5.1. Kingdom of Saudi Arabia
- 10.5.2. United Arab Emirates
- 10.5.3. Rest of Middle East & Africa
10.6. North America
- 10.6.1. Canada
- 10.6.2. Mexico
- 10.6.3. United States
10.7. Latin America
- 10.7.1. Argentina
- 10.7.2. Brazil
- 10.7.3. Rest of Latin America

11. Company Profiles

11.1. ALFA Laval AB
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
11.2. Baker Hughes
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
11.3. CIRCOR International Inc.
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
11.4. Curtiss-Wright Corporation
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
11.5. Emerson Electric Co.
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
11.6. IMI plc
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
11.7. Mercer Valve Co. Inc.
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
11.8. Parker Hannifin Corp.
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
11.9. Rexnord Corporation
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
11.10. The Weir Group plc
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
11.11. Watts
- 11.11.1. Company details
- 11.11.2. Financial outlook
- 11.11.3. Product summary
- 11.11.4. Recent developments