Pressure Safety Valve Market 2021-2027
New Study Reports " Pressure Safety Valve Market 2021, Analysis, Growth, Size, Trends Forecasts 2027" has been Added on MarketResearchFuture.
Report Overview
In its research report, Market Research Future (MRFR), emphasizes that the global Pressure Safety Valve Market size is slated to reach USD 8.12 Billion by 2026, at 7.02% CAGR over the review period of 2019 to 2026.
Starting with the overview of the Pressure Safety Valve Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2027.
The global safety valve market is growing at a rapid pace. The market growth attributes to the increasing demand for safety valves from the oil & gas industry and growing nuclear energy generation. Besides, the integration of safety valves into the Internet of Things (IoT) environment creates substantial market opportunities for the players. Moreover, increasing usages of safety valves in energy & power, construction, and chemical sectors escalate the market growth.
Pressure Safety Valves are precautionary and preventive valves that actuate automatically when the preset Pressure Safety Valve pressure and temperature is exceeded. Pressure Safety Valves protect critical equipment from damage by releasing excess pressure without any electrical support. In addition to protecting the equipment, valves are essential in protecting the employees around the plants and the environment around it.
Key Players
The report has profiled some of the Important players prevalent in the global like – Emerson Electric Co (US), Schlumberger Limited (US), Bosch Rexroth AG (Germany), General Electric (US), ALFA LAVAL (Sweden), IMI plc (UK), The Weir Group PLC (Scotland), LESER GmbH & Co. KG (Germany), Forbes Marshall (India), Curtiss-Wright Corporation (US), Danfoss (Denmark), and Spirax Sarco Limited (UK) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the X-ray Inspection Systems Technology.
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Regional Analysis
The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
The market in Asia pacific is set to witness a substantial growth trajectory. Additionally, regulatory, and structural changes are needed to make infrastructure more competitive for private investors and to build a pipeline of public-private partnership projects. Pressure Safety Valves are often used in the building industry to control liquid flow in firefighting systems, piping systems, and water supply systems. Asia-Pacific therefore holds the largest share in the Pressure Safety Valve industry due to a increasing construction industry and the numerous opportunities for market players in the Pressure Safety Valve sector.
North America's demand for Pressure Safety Valves is projected to be the second-largest market due to growing investments in the construction sector. The US construction industry is expected to develop faster than China's market in the next 15 years, which is expected to lead to extensive installation of Pressure Safety Valves in the construction industry. According to the US Department of Commerce, gross spending on residential and non-residential construction in January 2019 amounted to around USD 1.307.34 billion. These investments are expected to boost the region's demand for Pressure Safety Valves as security valves provide the desired liquid pressure and flow inside any device. Germany is expected to dominate the Pressure Safety Valve industry in Europe because of an rise in power produced from renewable energy resources driving the Pressure Safety Valve industry in this country.
Segmental Analysis
The global Pressure Safety Valve industry has been analyzed based on material, size, and end-use.
Based on the material, the global market includes cryogenic, alloy, steel, cast iron, and others. The steel segment is expected to lead the global market as these valves are durable and do not drop in hot or cold temperatures.
Based on the size, the global market is segmented into 1” to 10”, less than 1”, and 11” to 20”, and 20” & above. The 1” to 10” segment is slated to grow with the fastest CAGR during the forecast period as the Pressure Safety Valves of this size range are used to control the flow and pressure of gases, liquids, and slurries within different end-use industries.
Based on the end-use, the global Pressure Safety Valve industry has been segmented into oil & gas, energy & power, chemicals, water & wastewater treatment, food & beverage, and others. The oil & gas segment is poised to hold the largest share in the global protection sector, as the oil & gas commerce is one of the most important revenue-generating industries that require nearly all types of valves including gate, globe, test, ball, and butterfly.
Key Stakeholders
Pressure Safety Valve Market Manufacturers
Pressure Safety Valve Market Distributors/Traders/Wholesalers
Pressure Safety Valve Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Complete Report Details@ https://www.marketresearchfuture.com/reports/safety-valve-market-7790
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
….
11 Company Profile
11.1 Emerson Electric Co (US)
11.1.1 Company Overview
11.1.2 Products/Services Offered
11.1.3 Financial Overview
11.1.4 Key Developments
11.1.5 Key Strategies
11.1.6 SWOT Analysis
11.2 Schlumberger Limited (US)
11.2.1 Company Overview
11.2.2 Products/Services Offered
11.2.3 Financial Overview
11.2.4 Key Developments
11.2.5 Key Strategies
11.2.6 SWOT Analysis
11.3 General Electric (US)
11.3.1 Company Overview
11.3.2 Products/Services Offered
11.3.3 Financial Overview
11.3.4 Key Developments
11.3.5 Key Strategies
11.3.6 SWOT Analysis
11.4 Curtiss-Wright Corporation (US)
11.4.1 Company Overview
11.4.2 Products/Services Offered
11.4.3 Financial Overview
11.4.4 Key Developments
11.4.5 Key Strategies
11.4.6 SWOT Analysis
And more
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