The Europe Pressure Relief Valves Market should witness market growth of 4.3% CAGR during the forecast period (2022-2028).
The pressure relief valve may be the only device remaining to prevent a catastrophic failure once a situation occurs that causes the pressure in a vessel or system to increase to a hazardous level. Since reliability is directly related to the complexity of the device, it is essential that the design of the pressure relief valve be as simple as possible. The pressure relief valve must open at a set pressure that is predetermined by the operators, flow at a rated capacity at a specified overpressure, and close when the system pressure is back to a safe level.
Pressure relief valves must be made with a material compatible with many process fluids, from water and air to the most corrosive ones. They must be created to operate consistently, stable, and smoothly with numerous fluids and fluid phases. The main objective of a pressure relief valve is to save life, property, and the environment. A pressure relief valve is a safety device and, in many cases, the final safeguarding measure. The valve must be maintained and kept operating at all times and under all circumstances.
The construction sector in UK reaches every corner of the nation. It is a fundamental pillar of the economy as the nation invests in its future. For building homes, hospitals, schools, factories, offices, and energy infrastructure that keeps the industry running. The UK's manufacturing industry will represent more than £600 billion in the next decade, including around £44 billion for housing. The rapid growth of the construction sector with the rising number of government-funded projects in the sector will surge the demand for pressure relief valves in the construction processes, which will drive the market growth in the Europe region.
The Germany market dominated the Europe Pressure Relief Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $330.8 million by 2028. The UK market is anticipated to grow at a CAGR of 3.5% during (2022-2028). Additionally, The France market would exhibit a CAGR of 5.1% during (2022-2028).
Based on Pressure, the market is segmented into Low, Medium and High. Based on End-user, the market is segmented into Power Generation, Manufacturing, Oil & Gas, Water & Wastewater, Chemical and Food & Beverages. Based on Type, the market is segmented into Spring Loaded, Pilot Operated, Dead Weight and P & T Actuated. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Emerson Electric Co., The Weir Group PLC, Curtis-Wright Corporation, IMI PLC, Watts Water Technologies, Inc., Alfa Laval AB, AGF Manufacturing, Inc., Mercury Manufacturing Company Ltd., and Goetze KG Armaturen.
The pressure relief valve may be the only device remaining to prevent a catastrophic failure once a situation occurs that causes the pressure in a vessel or system to increase to a hazardous level. Since reliability is directly related to the complexity of the device, it is essential that the design of the pressure relief valve be as simple as possible. The pressure relief valve must open at a set pressure that is predetermined by the operators, flow at a rated capacity at a specified overpressure, and close when the system pressure is back to a safe level.
Pressure relief valves must be made with a material compatible with many process fluids, from water and air to the most corrosive ones. They must be created to operate consistently, stable, and smoothly with numerous fluids and fluid phases. The main objective of a pressure relief valve is to save life, property, and the environment. A pressure relief valve is a safety device and, in many cases, the final safeguarding measure. The valve must be maintained and kept operating at all times and under all circumstances.
The construction sector in UK reaches every corner of the nation. It is a fundamental pillar of the economy as the nation invests in its future. For building homes, hospitals, schools, factories, offices, and energy infrastructure that keeps the industry running. The UK's manufacturing industry will represent more than £600 billion in the next decade, including around £44 billion for housing. The rapid growth of the construction sector with the rising number of government-funded projects in the sector will surge the demand for pressure relief valves in the construction processes, which will drive the market growth in the Europe region.
The Germany market dominated the Europe Pressure Relief Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $330.8 million by 2028. The UK market is anticipated to grow at a CAGR of 3.5% during (2022-2028). Additionally, The France market would exhibit a CAGR of 5.1% during (2022-2028).
Based on Pressure, the market is segmented into Low, Medium and High. Based on End-user, the market is segmented into Power Generation, Manufacturing, Oil & Gas, Water & Wastewater, Chemical and Food & Beverages. Based on Type, the market is segmented into Spring Loaded, Pilot Operated, Dead Weight and P & T Actuated. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Emerson Electric Co., The Weir Group PLC, Curtis-Wright Corporation, IMI PLC, Watts Water Technologies, Inc., Alfa Laval AB, AGF Manufacturing, Inc., Mercury Manufacturing Company Ltd., and Goetze KG Armaturen.
Scope of the Study
By Pressure
- Low
- Medium
- High
By End-user
- Power Generation
- Manufacturing
- Oil & Gas
- Water & Wastewater
- Chemical
- Food & Beverages
By Type
- Spring Loaded
- Pilot Operated
- Dead Weight
- P & T Actuated
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company
- Emerson Electric Co.
- The Weir Group PLC
- Curtis-Wright Corporation
- IMI PLC
- Watts Water Technologies, Inc.
- Alfa Laval AB
- AGF Manufacturing, Inc.
- Mercury Manufacturing Company Ltd.
- Goetze KG Armaturen
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Pressure Relief Valves Market, by Pressure
1.4.2 Europe Pressure Relief Valves Market, by End User
1.4.3 Europe Pressure Relief Valves Market, by Type
1.4.4 Europe Pressure Relief Valves Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Pressure Relief Valves Market by Pressure
3.1 Europe Low Market by Country
3.2 Europe Medium Market by Country
3.3 Europe High Market by Country
Chapter 4. Europe Pressure Relief Valves Market by End User
4.1 Europe Power Generation Market by Country
4.2 Europe Manufacturing Market by Country
4.3 Europe Oil & Gas Market by Country
4.4 Europe Water & Wastewater Market by Country
4.5 Europe Chemical Market by Country
4.6 Europe Food & Beverages Market by Country
Chapter 5. Europe Pressure Relief Valves Market by Type
5.1 Europe Spring Loaded Market by Country
5.2 Europe Pilot Operated Market by Country
5.3 Europe Dead Weight Market by Country
5.4 Europe P & T Actuated Market by Country
Chapter 6. Europe Pressure Relief Valves Market by Country
6.1 Germany Pressure Relief Valves Market
6.1.1 Germany Pressure Relief Valves Market by Pressure
6.1.2 Germany Pressure Relief Valves Market by End User
6.1.3 Germany Pressure Relief Valves Market by Type
6.2 UK Pressure Relief Valves Market
6.2.1 UK Pressure Relief Valves Market by Pressure
6.2.2 UK Pressure Relief Valves Market by End User
6.2.3 UK Pressure Relief Valves Market by Type
6.3 France Pressure Relief Valves Market
6.3.1 France Pressure Relief Valves Market by Pressure
6.3.2 France Pressure Relief Valves Market by End User
6.3.3 France Pressure Relief Valves Market by Type
6.4 Russia Pressure Relief Valves Market
6.4.1 Russia Pressure Relief Valves Market by Pressure
6.4.2 Russia Pressure Relief Valves Market by End User
6.4.3 Russia Pressure Relief Valves Market by Type
6.5 Spain Pressure Relief Valves Market
6.5.1 Spain Pressure Relief Valves Market by Pressure
6.5.2 Spain Pressure Relief Valves Market by End User
6.5.3 Spain Pressure Relief Valves Market by Type
6.6 Italy Pressure Relief Valves Market
6.6.1 Italy Pressure Relief Valves Market by Pressure
6.6.2 Italy Pressure Relief Valves Market by End User
6.6.3 Italy Pressure Relief Valves Market by Type
6.7 Rest of Europe Pressure Relief Valves Market
6.7.1 Rest of Europe Pressure Relief Valves Market by Pressure
6.7.2 Rest of Europe Pressure Relief Valves Market by End User
6.7.3 Rest of Europe Pressure Relief Valves Market by Type
Chapter 7. Company Profiles
7.1 General Electric Company
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Emerson Electric Co.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.5.2 Acquisition and Mergers:
7.3 The Weir Group PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Product Launches and Product Expansions:
7.4 Curtis-Wright Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Acquisition and Mergers:
7.5 IMI PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segment & Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Acquisition and Mergers:
7.6 Watts Water Technologies, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expenses
7.7 Alfa Laval AB
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.8 AGF Manufacturing, Inc.
7.8.1 Company Overview
7.9 Mercury Manufacturing Company Ltd.
7.9.1 Company Overview
7.10. Goetze KG Armaturen
7.10.1 Company Overview
Companies Mentioned
- General Electric Company
- Emerson Electric Co.
- The Weir Group PLC
- Curtis-Wright Corporation
- IMI PLC
- Watts Water Technologies, Inc.
- Alfa Laval AB
- AGF Manufacturing, Inc.
- Mercury Manufacturing Company Ltd.
- Goetze KG Armaturen
Methodology
LOADING...
