The North America Pressure Relief Valves Market should witness market growth of 4.1% CAGR during the forecast period (2022-2028).
A bypass valve can sometimes operate as a relief valve by returning all or some part of the fluid released by a pump or gas compressor to a storage reservoir or the pump or gas compressor’s input. This is done to prevent over-pressurization of the gas or pump compressor and any associated equipment. The bypass valve and bypass channel might be internal (as part of the compressor or pump) or external (as a separate component) (installed in the fluid path as a component.) many fire engines have such relief valves to prevent fire hoses from over pressurizing.
Various electronic, hydraulic, and pneumatic systems are present today to control fluid system variables like pressure, flow, and temperature. Each system needs a power source of some type, such as compressed air or electricity, to operate. A pressure relief valve should be capable of working at all times, especially in power outages when the system controls are nonfunctional. Then the process fluid becomes the sole power source for the pressure relief valve.
Canada’s food and beverages processing industry, since 2016, has shown consistent growth in shipments and exports. The domestic market for goods and products has increased from $107 billion to $119 billion between the year 2016 to 2020. Canada’s food and beverages processing industry accounted for around 69.1%. The constantly growing food and beverages industry, especially packaged food, is expected to increase the utilization of pressure relief valves and propel market growth in the region.
The US market dominated the North America Pressure Relief Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,086.4 million by 2028. The Canada market is poised to grow at a CAGR of 6.5% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 5.5% 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 U.S., Mexico, Canada, and Rest of North America.
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.
A bypass valve can sometimes operate as a relief valve by returning all or some part of the fluid released by a pump or gas compressor to a storage reservoir or the pump or gas compressor’s input. This is done to prevent over-pressurization of the gas or pump compressor and any associated equipment. The bypass valve and bypass channel might be internal (as part of the compressor or pump) or external (as a separate component) (installed in the fluid path as a component.) many fire engines have such relief valves to prevent fire hoses from over pressurizing.
Various electronic, hydraulic, and pneumatic systems are present today to control fluid system variables like pressure, flow, and temperature. Each system needs a power source of some type, such as compressed air or electricity, to operate. A pressure relief valve should be capable of working at all times, especially in power outages when the system controls are nonfunctional. Then the process fluid becomes the sole power source for the pressure relief valve.
Canada’s food and beverages processing industry, since 2016, has shown consistent growth in shipments and exports. The domestic market for goods and products has increased from $107 billion to $119 billion between the year 2016 to 2020. Canada’s food and beverages processing industry accounted for around 69.1%. The constantly growing food and beverages industry, especially packaged food, is expected to increase the utilization of pressure relief valves and propel market growth in the region.
The US market dominated the North America Pressure Relief Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,086.4 million by 2028. The Canada market is poised to grow at a CAGR of 6.5% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 5.5% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Pressure Relief Valves Market, by Pressure
1.4.2 North America Pressure Relief Valves Market, by End User
1.4.3 North America Pressure Relief Valves Market, by Type
1.4.4 North America 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. North America Pressure Relief Valves Market by Pressure
3.1 North America Low Market by Country
3.2 North America Medium Market by Country
3.3 North America High Market by Country
Chapter 4. North America Pressure Relief Valves Market by End User
4.1 North America Power Generation Market by Country
4.2 North America Manufacturing Market by Country
4.3 North America Oil & Gas Market by Country
4.4 North America Water & Wastewater Market by Country
4.5 North America Chemical Market by Country
4.6 North America Food & Beverages Market by Country
Chapter 5. North America Pressure Relief Valves Market by Type
5.1 North America Spring Loaded Market by Country
5.2 North America Pilot Operated Market by Country
5.3 North America Dead Weight Market by Country
5.4 North America P & T Actuated Market by Country
Chapter 6. North America Pressure Relief Valves Market by Country
6.1 US Pressure Relief Valves Market
6.1.1 US Pressure Relief Valves Market by Pressure
6.1.2 US Pressure Relief Valves Market by End User
6.1.3 US Pressure Relief Valves Market by Type
6.2 Canada Pressure Relief Valves Market
6.2.1 Canada Pressure Relief Valves Market by Pressure
6.2.2 Canada Pressure Relief Valves Market by End User
6.2.3 Canada Pressure Relief Valves Market by Type
6.3 Mexico Pressure Relief Valves Market
6.3.1 Mexico Pressure Relief Valves Market by Pressure
6.3.2 Mexico Pressure Relief Valves Market by End User
6.3.3 Mexico Pressure Relief Valves Market by Type
6.4 Rest of North America Pressure Relief Valves Market
6.4.1 Rest of North America Pressure Relief Valves Market by Pressure
6.4.2 Rest of North America Pressure Relief Valves Market by End User
6.4.3 Rest of North America 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
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