The global pressure relief valves market was valued at $4,430.5 million in 2021, and is projected to reach $7,038.1 million by 2031, registering a CAGR of 4.6% from 2022 to 2031.
The usage of a pressure relief valve (PRV) limits or controls internal pressure that could otherwise result in equipment failure, instrument malfunction, or fire. Pressure relief valves shield other equipment, such as pressure vessels, from pressures that are too high for them. By enabling the pressured fluid to exit the system through an auxiliary path, the pressure is reduced.
The oil and gas industry uses pressure relief valves for drilling and workover operations, which in turn raises the need for these devices and is expected to fuel the market's expansion. According to ICF International Inc.'s research on North America Midstream Infrastructure through 2035, overall investments in oil and gas infrastructure are expected to range between $685 billion and $895 billion from 2018 to 2035. Developing nations, notably those in the European Union, the U.S., and China, are also largely saturated in the pharmaceutical and food and beverage industries. Pressure relief valves play a significant part in the production of various medical equipment and assist crucial players by providing opportunities during this pandemic circumstance. Moreover, rise in number of industrial infrastructure projects in developing countries is driving the demand of pressure relief valves market. For instance, the government of China spent $10 billion on a new oil & gas refinery project, Guangdong refinery, which is expected to be completed by March 2022. Such instances are expected to drive the growth of the market.
Domestic manufacturers provide pressure relief valve ranging from $100 to $200. However, key players offer pressure relief valve ranging from $100 to $2500. Hence, customer focuses more on adopting pressure relief valve from domestic manufacturers, which, in turn, hinders the market’s growth.
Rise in demand for oil & other energy and renewable resources is anticipated to drive growth of the pressure relief valve market. The government of Egypt invested around $2.5 billion in construction of a new oil refinery project to process hydrocarbons. Emerging economies such as the India, China, and Egypt, are investing more in hydrocarbon projects, to produce more oil & gas exploration, which is expected to provide lucrative opportunities for growth of the pressure relief valve market.
The global pressure relief valve market is segmented on the basis of valve type, pressure, end user, and region. Based on valve type, the market is divided into spring loaded, pilot loaded, dead weight and p and t actuated. Based on pressure, the market is divided into low, medium and high. Based on end user, the market is divided into oil & gas, chemical, power generation, food & beverage, manufacturing and water & wastewater.
Region wise, the global pressure relief valve market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Major companies in the market have adopted acquisition and product launches as their key developmental Strategies to offer better products and services to customers in the pressure relief valve market.
The usage of a pressure relief valve (PRV) limits or controls internal pressure that could otherwise result in equipment failure, instrument malfunction, or fire. Pressure relief valves shield other equipment, such as pressure vessels, from pressures that are too high for them. By enabling the pressured fluid to exit the system through an auxiliary path, the pressure is reduced.
The oil and gas industry uses pressure relief valves for drilling and workover operations, which in turn raises the need for these devices and is expected to fuel the market's expansion. According to ICF International Inc.'s research on North America Midstream Infrastructure through 2035, overall investments in oil and gas infrastructure are expected to range between $685 billion and $895 billion from 2018 to 2035. Developing nations, notably those in the European Union, the U.S., and China, are also largely saturated in the pharmaceutical and food and beverage industries. Pressure relief valves play a significant part in the production of various medical equipment and assist crucial players by providing opportunities during this pandemic circumstance. Moreover, rise in number of industrial infrastructure projects in developing countries is driving the demand of pressure relief valves market. For instance, the government of China spent $10 billion on a new oil & gas refinery project, Guangdong refinery, which is expected to be completed by March 2022. Such instances are expected to drive the growth of the market.
Domestic manufacturers provide pressure relief valve ranging from $100 to $200. However, key players offer pressure relief valve ranging from $100 to $2500. Hence, customer focuses more on adopting pressure relief valve from domestic manufacturers, which, in turn, hinders the market’s growth.
Rise in demand for oil & other energy and renewable resources is anticipated to drive growth of the pressure relief valve market. The government of Egypt invested around $2.5 billion in construction of a new oil refinery project to process hydrocarbons. Emerging economies such as the India, China, and Egypt, are investing more in hydrocarbon projects, to produce more oil & gas exploration, which is expected to provide lucrative opportunities for growth of the pressure relief valve market.
The global pressure relief valve market is segmented on the basis of valve type, pressure, end user, and region. Based on valve type, the market is divided into spring loaded, pilot loaded, dead weight and p and t actuated. Based on pressure, the market is divided into low, medium and high. Based on end user, the market is divided into oil & gas, chemical, power generation, food & beverage, manufacturing and water & wastewater.
Region wise, the global pressure relief valve market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the pressure relief valve market include AGF Manufacturing, Inc., Alfa Laval, Curtis-Wright Corp, Emerson Electric Co., General Electric, Goetze KG Armaturen, IMI PLC, Mercury Manufacturing Company Limited, The Weir Group PLC, and Watts Water Technology, Inc.Major companies in the market have adopted acquisition and product launches as their key developmental Strategies to offer better products and services to customers in the pressure relief valve market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pressure relief valves market analysis from 2021 to 2031 to identify the prevailing pressure relief valves market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pressure relief valves market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pressure relief valves market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By ValveType
- Spring Loaded
- Pilot Operated
- Dead Weight
- P and T Actuated
By Pressure
- Low
- High
- Medium
By End User
- Oil and Gas
- Chemical
- Power Generation
- Food and Beverage
- Manufacturing
- Water and Wastewater
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- General Electric
- Watts Water Technologies, Inc.
- The Weir Group PLC
- Curtis-Wright Corp
- AGF Manufacturing, Inc.
- Mercury Manufacturing Company Ltd.
- IMI plc
- Alfa Laval
- Emerson Electric Co.
- Goetze KG Armaturen
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. High threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growth in oil & gas and power industries
3.4.1.2. Demand for pressure relief valve in pharmaceutical and food & beverages industries
3.4.1.3. Rise in number of industrial infrastructure projects in developing countries
3.4.2. Restraints
3.4.2.1. Competition from domestic manufacturers
3.4.3. Opportunities
3.4.3.1. Increase in investments on hydrocarbons by emerging economies
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: PRESSURE RELIEF VALVES MARKET, BY VALVETYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Spring Loaded
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Pilot Operated
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Dead Weight
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. P and T Actuated
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: PRESSURE RELIEF VALVES MARKET, BY PRESSURE
5.1. Overview
5.1.1. Market size and forecast
5.2. Low
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Medium
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. High
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: PRESSURE RELIEF VALVES MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Oil and Gas
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Chemical
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Power Generation
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Food and Beverage
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Manufacturing
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
6.7. Water and Wastewater
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market share analysis by country
CHAPTER 7: PRESSURE RELIEF VALVES MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by ValveType
7.2.3. Market size and forecast, by Pressure
7.2.4. Market size and forecast, by End User
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by ValveType
7.2.5.1.3. Market size and forecast, by Pressure
7.2.5.1.4. Market size and forecast, by End User
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by ValveType
7.2.5.2.3. Market size and forecast, by Pressure
7.2.5.2.4. Market size and forecast, by End User
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by ValveType
7.2.5.3.3. Market size and forecast, by Pressure
7.2.5.3.4. Market size and forecast, by End User
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by ValveType
7.3.3. Market size and forecast, by Pressure
7.3.4. Market size and forecast, by End User
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by ValveType
7.3.5.1.3. Market size and forecast, by Pressure
7.3.5.1.4. Market size and forecast, by End User
7.3.5.2. UK
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by ValveType
7.3.5.2.3. Market size and forecast, by Pressure
7.3.5.2.4. Market size and forecast, by End User
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by ValveType
7.3.5.3.3. Market size and forecast, by Pressure
7.3.5.3.4. Market size and forecast, by End User
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by ValveType
7.3.5.4.3. Market size and forecast, by Pressure
7.3.5.4.4. Market size and forecast, by End User
7.3.5.5. Rest of Europe
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by ValveType
7.3.5.5.3. Market size and forecast, by Pressure
7.3.5.5.4. Market size and forecast, by End User
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by ValveType
7.4.3. Market size and forecast, by Pressure
7.4.4. Market size and forecast, by End User
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by ValveType
7.4.5.1.3. Market size and forecast, by Pressure
7.4.5.1.4. Market size and forecast, by End User
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by ValveType
7.4.5.2.3. Market size and forecast, by Pressure
7.4.5.2.4. Market size and forecast, by End User
7.4.5.3. South Korea
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by ValveType
7.4.5.3.3. Market size and forecast, by Pressure
7.4.5.3.4. Market size and forecast, by End User
7.4.5.4. India
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by ValveType
7.4.5.4.3. Market size and forecast, by Pressure
7.4.5.4.4. Market size and forecast, by End User
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by ValveType
7.4.5.5.3. Market size and forecast, by Pressure
7.4.5.5.4. Market size and forecast, by End User
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by ValveType
7.5.3. Market size and forecast, by Pressure
7.5.4. Market size and forecast, by End User
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by ValveType
7.5.5.1.3. Market size and forecast, by Pressure
7.5.5.1.4. Market size and forecast, by End User
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by ValveType
7.5.5.2.3. Market size and forecast, by Pressure
7.5.5.2.4. Market size and forecast, by End User
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by ValveType
7.5.5.3.3. Market size and forecast, by Pressure
7.5.5.3.4. Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. Alfa Laval
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. General Electric
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.3. Emerson Electric Co.
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. Watts Water Technologies, Inc.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.5. The Weir Group PLC
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. Curtis-Wright Corp
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. AGF Manufacturing, Inc.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Mercury Manufacturing Company Ltd.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.9. IMI plc
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. Goetze KG Armaturen
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
List of Tables
Table 01. Global Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 02. Pressure Relief Valves Market for Spring Loaded, by Region, 2021-2031 (Revenue, $Million)
Table 03. Pressure Relief Valves Market for Pilot Operated, by Region, 2021-2031 (Revenue, $Million)
Table 04. Pressure Relief Valves Market for Dead Weight, by Region, 2021-2031 (Revenue, $Million)
Table 05. Pressure Relief Valves Market for P and T Actuated, by Region, 2021-2031 (Revenue, $Million)
Table 06. Global Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 07. Pressure Relief Valves Market for Low, by Region, 2021-2031 (Revenue, $Million)
Table 08. Pressure Relief Valves Market for Medium, by Region, 2021-2031 (Revenue, $Million)
Table 09. Pressure Relief Valves Market for High, by Region, 2021-2031 (Revenue, $Million)
Table 10. Global Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 11. Pressure Relief Valves Market for Oil and Gas, by Region, 2021-2031 (Revenue, $Million)
Table 12. Pressure Relief Valves Market for Chemical, by Region, 2021-2031 (Revenue, $Million)
Table 13. Pressure Relief Valves Market for Power Generation, by Region, 2021-2031 (Revenue, $Million)
Table 14. Pressure Relief Valves Market for Food and Beverage, by Region, 2021-2031 (Revenue, $Million)
Table 15. Pressure Relief Valves Market for Manufacturing, by Region, 2021-2031 (Revenue, $Million)
Table 16. Pressure Relief Valves Market for Water and Wastewater, by Region, 2021-2031 (Revenue, $Million)
Table 17. Pressure Relief Valves Market, by Region, 2021-2031 (Revenue, $Million)
Table 18. North America Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 19. North America Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 20. North America Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 21. North America Pressure Relief Valves Market, by Country, 2021-2031 (Revenue, $Million)
Table 22. U.S. Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 23. U.S. Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 24. U.S. Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 25. Canada Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 26. Canada Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 27. Canada Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 28. Mexico Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 29. Mexico Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 30. Mexico Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 31. Europe Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 32. Europe Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 33. Europe Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 34. Europe Pressure Relief Valves Market, by Country, 2021-2031 (Revenue, $Million)
Table 35. Germany Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 36. Germany Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 37. Germany Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 38. UK Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 39. UK Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 40. UK Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 41. France Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 42. France Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 43. France Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 44. Italy Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 45. Italy Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 46. Italy Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 47. Rest of Europe Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 48. Rest of Europe Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 49. Rest of Europe Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 50. Asia-Pacific Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 51. Asia-Pacific Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 52. Asia-Pacific Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 53. Asia-Pacific Pressure Relief Valves Market, by Country, 2021-2031 (Revenue, $Million)
Table 54. China Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 55. China Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 56. China Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 57. Japan Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 58. Japan Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 59. Japan Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 60. South Korea Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 61. South Korea Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 62. South Korea Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 63. India Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 64. India Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 65. India Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 66. Rest of Asia-Pacific Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 67. Rest of Asia-Pacific Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 68. Rest of Asia-Pacific Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 69. LAMEA Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 70. LAMEA Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 71. LAMEA Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 72. LAMEA Pressure Relief Valves Market, by Country, 2021-2031 (Revenue, $Million)
Table 73. Latin America Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 74. Latin America Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 75. Latin America Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 76. Middle East Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 77. Middle East Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 78. Middle East Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 79. Africa Pressure Relief Valves Market, by Valvetype, 2021-2031 (Revenue, $Million)
Table 80. Africa Pressure Relief Valves Market, by Pressure, 2021-2031 (Revenue, $Million)
Table 81. Africa Pressure Relief Valves Market, by End-user, 2021-2031 (Revenue, $Million)
Table 82. Alfa Laval: Key Executives
Table 83. Alfa Laval: Company Snapshot
Table 84. Alfa Laval: Product Segments
Table 85. Alfa Laval: Product Portfolio
Table 86. General Electric: Key Executives
Table 87. General Electric: Company Snapshot
Table 88. General Electric: Service Segments
Table 89. General Electric: Product Portfolio
Table 90. Emerson Electric Co.: Key Executives
Table 91. Emerson Electric Co.: Company Snapshot
Table 92. Emerson Electric Co.: Product Segments
Table 93. Emerson Electric Co.: Product Portfolio
Table 94. Emerson Electric Co.: Key Strategies
Table 95. Watts Water Technologies, Inc.: Key Executives
Table 96. Watts Water Technologies, Inc.: Company Snapshot
Table 97. Watts Water Technologies, Inc.: Product Segments
Table 98. Watts Water Technologies, Inc.: Product Portfolio
Table 99. the Weir Group PLC: Key Executives
Table 100. the Weir Group PLC: Company Snapshot
Table 101. the Weir Group PLC: Product Segments
Table 102. the Weir Group PLC: Product Portfolio
Table 103. the Weir Group PLC: Key Strategies
Table 104. Curtis-Wright Corp: Key Executives
Table 105. Curtis-Wright Corp: Company Snapshot
Table 106. Curtis-Wright Corp: Product Segments
Table 107. Curtis-Wright Corp: Product Portfolio
Table 108. Agf Manufacturing, Inc.: Key Executives
Table 109. Agf Manufacturing, Inc.: Company Snapshot
Table 110. Agf Manufacturing, Inc.: Product Segments
Table 111. Agf Manufacturing, Inc.: Product Portfolio
Table 112. Mercury Manufacturing Company Ltd.: Key Executives
Table 113. Mercury Manufacturing Company Ltd.: Company Snapshot
Table 114. Mercury Manufacturing Company Ltd.: Product Segments
Table 115. Mercury Manufacturing Company Ltd.: Product Portfolio
Table 116. Imi PLC: Key Executives
Table 117. Imi PLC: Company Snapshot
Table 118. Imi PLC: Product Segments
Table 119. Imi PLC: Product Portfolio
Table 120. Goetze KG Armaturen: Key Executives
Table 121. Goetze KG Armaturen: Company Snapshot
Table 122. Goetze KG Armaturen: Service Segments
Table 123. Goetze KG Armaturen: Product Portfolio
List of Figures
Figure 01. Pressure Relief Valves Market, 2021-2031
Figure 02. Segmentation of Pressure Relief Valves Market, 2021-2031
Figure 03. Top Investment Pockets in Pressure Relief Valves Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. High Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalpressure Relief Valves Market
Figure 10. Pressure Relief Valves Market, by Valvetype, 2021(%)
Figure 11. Comparative Share Analysis of Pressure Relief Valves Market for Spring Loaded, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Pressure Relief Valves Market for Pilot Operated, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Pressure Relief Valves Market for Dead Weight, by Country 2021-2031(%)
Figure 14. Comparative Share Analysis of Pressure Relief Valves Market for P and T Actuated, by Country 2021-2031(%)
Figure 15. Pressure Relief Valves Market, by Pressure, 2021(%)
Figure 16. Comparative Share Analysis of Pressure Relief Valves Market for Low, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of Pressure Relief Valves Market for Medium, by Country 2021-2031(%)
Figure 18. Comparative Share Analysis of Pressure Relief Valves Market for High, by Country 2021-2031(%)
Figure 19. Pressure Relief Valves Market, by End-user, 2021(%)
Figure 20. Comparative Share Analysis of Pressure Relief Valves Market for Oil and Gas, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of Pressure Relief Valves Market for Chemical, by Country 2021-2031(%)
Figure 22. Comparative Share Analysis of Pressure Relief Valves Market for Power Generation, by Country 2021-2031(%)
Figure 23. Comparative Share Analysis of Pressure Relief Valves Market for Food and Beverage, by Country 2021-2031(%)
Figure 24. Comparative Share Analysis of Pressure Relief Valves Market for Manufacturing, by Country 2021-2031(%)
Figure 25. Comparative Share Analysis of Pressure Relief Valves Market for Water and Wastewater, by Country 2021-2031(%)
Figure 26. Pressure Relief Valves Market by Region, 2021
Figure 27. U.S. Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 28. Canada Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 29. Mexico Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 30. Germany Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 31. UK Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 32. France Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 33. Italy Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 34. Rest of Europe Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 35. China Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 36. Japan Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 37. South Korea Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 38. India Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 39. Rest of Asia-Pacific Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 40. Latin America Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 41. Middle East Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 42. Africa Pressure Relief Valves Market, 2021-2031 ($Million)
Figure 43. Top Winning Strategies, by Year
Figure 44. Top Winning Strategies, by Development
Figure 45. Top Winning Strategies, by Company
Figure 46. Product Mapping of Top 10 Players
Figure 47. Competitive Dashboard
Figure 48. Competitive Heatmap: Pressure Relief Valves Market
Figure 49. Top Player Positioning, 2021
Figure 50. Alfa Laval: Net Sales, 2019-2021 ($Million)
Figure 51. Alfa Laval: Revenue Share by Segment, 2021 (%)
Figure 52. Alfa Laval: Revenue Share by Region, 2021 (%)
Figure 53. General Electric: Net Revenue, 2019-2021 ($Million)
Figure 54. General Electric: Research & Development Expenditure, 2019-2021
Figure 55. General Electric: Revenue Share by Segment, 2021 (%)
Figure 56. General Electric: Revenue Share by Region, 2021 (%)
Figure 57. Emerson Electric Co.: Net Sales, 2020-2022 ($Million)
Figure 58. Emerson Electric Co.: Research & Development Expenditure, 2020-2022
Figure 59. Emerson Electric Co.: Revenue Share by Segment, 2021 (%)
Figure 60. Emerson Electric Co.: Revenue Share by Region, 2021 (%)
Figure 61. Watts Water Technologies, Inc.: Net Sales, 2019-2021 ($Million)
Figure 62. Watts Water Technologies, Inc.: Revenue Share by Segment, 2021 (%)
Figure 63. Watts Water Technologies, Inc.: Revenue Share by Region, 2021 (%)
Figure 64. the Weir Group PLC: Net Revenue, 2019-2021 ($Million)
Figure 65. the Weir Group PLC: Revenue Share by Segment, 2021 (%)
Figure 66. the Weir Group PLC: Revenue Share by Region, 2021 (%)
Figure 67. Curtis-Wright Corp: Net Sales, 2019-2021 ($Million)
Figure 68. Curtis-Wright Corp: Revenue Share by Segment, 2021 (%)
Figure 69. Mercury Manufacturing Company Ltd.: Net Revenue, 2020-2022 ($Million)
Figure 70. Mercury Manufacturing Company Ltd.: Revenue Share by Segment, 2022 (%)
Figure 71. Imi PLC: Net Sales, 2019-2021 ($Million)
Figure 72. Imi PLC: Revenue Share by Segment, 2021 (%)
Figure 73. Imi PLC: Revenue Share by Region, 2021 (%)
Executive Summary
According to the report titled, 'Pressure Relief valves Market,' the pressure relief valves market was valued at $4.4 billion in 2021, and is estimated to reach $7 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.Pressure relief valve (PRV) is also called as a relief valve. Pressure vessels and other equipment are protected by pressure relief valve from being subjected to pressures that exceed their design limits. The valve is used to control or limit the pressure built inside the equipment which may cause equipment or instrument failure, or fire. The pressure is relieved by allowing the pressurized fluid to flow from an auxiliary passage out of the system.
Developing countries, especially those in the European Union, the United States and China, are also saturated with pharmaceutical, food and beverage industries. Pressure relief valves play a vital role in the manufacturing of various medical devices and support key players by providing opportunities during these pandemic situations. The need for pressure relief valves is being driven by the increase in industrial infrastructure developments in developing nations. For instance, the Chinese government invested $10 billion on the Guangdong refinery, a brand-new oil and gas refinery project that is planned to be finished by March 2022. It is anticipated that situations like these would fuel market expansion. Drilling and workover operations in the oil and gas sector use pressure relief valves, which raises their demand and is anticipated to propel market growth. Overall investments in oil and gas infrastructure are anticipated to range between $685 billion and $895 billion from 2018 to 2035, according to ICF International Inc.'s analysis on North America Midstream Infrastructure through 2035. All such instances are expected to drive pressure relief market industry during the forecast period.
The cost of pressure relief valves from domestic manufacturers ranges from $100 to $200. However, prominent competitors offer pressure relief valves ranging in price from $100 to $2500. Customers therefore prioritise adopting pressure relief valves from domestic producers. This in turn restrains the pressure relief valves market expansion.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the pressure relief valves market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
Increasing promotion of oil and gas exploration, emerging economies like Egypt, China, and India are boosting their investments in hydrocarbon projects. The market for safety valves is anticipated to expand in response to rising demand for petroleum, other forms of energy, and renewable resources. To process hydrocarbons, the Egyptian government has invested over US$2.5 billion in new petroleum refinery facilities. Moreover, key market players are focused on product launch to strengthen their product portfolio. For instance, in November 2020, Danfoss has launched its new 65bar safety valve, SFA 10H, that offers reduced capacity, high reliability, and high-pressure for applications with CO2 and synthetic oils. The design and manufacturing of this product focuses on preventing leaks, providing perfect reseating after release, and keeping a stable set pressure over time. This is anticipated to present profitable chances for the expansion of the pressure relief valve industry.
The global pressure relief valve market is segmented on the basis of valve type, pressure, end user, and region. By valve type, the market is divided into spring loaded, pilot loaded, dead weight, and p and t actuated. By pressure, the market is divided into low, medium, and high. Based on end user, the market is divided into oil & gas, chemical, power generation, food & beverage, manufacturing, and water & wastewater. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COMPETITION ANALYSIS
The major players profiled in the pressure relief valve market include AGF Manufacturing, Inc., Alfa Laval, Curtis-Wright Corp, Emerson Electric Co., General Electric, Goetze KG Armaturen, IMI PLC, Mercury Manufacturing Company Limited, The Weir Group PLC, and Watts Water Technology, Inc.KEY FINDINGS OF THE STUDY
The report provides an extensive analysis of the current and emerging global pressure relief valves market trends and dynamics.Based on valve type, the pilot operated segment dominated the market in 2021.
Based on pressure, the medium segment dominated the market in 2021.
By end user, the power generation segment generated the highest revenue in 2021.
Region-wise, Asia-Pacific dominated the market in 2021. And LAMEA is anticipated to dominate the global pressure relief valves market exhibiting highest CAGR during the forecast period.
The report provides an extensive analysis of the global pressure relief valves market trends and emerging opportunities of the market.
The global pressure relief valves market forecast analysis from 2021 to 2031 is included in the report.
Companies Mentioned
- General Electric
- Watts Water Technologies, Inc.
- The Weir Group PLC
- Curtis-Wright Corp
- AGF Manufacturing, Inc.
- Mercury Manufacturing Company Ltd.
- IMI plc
- Alfa Laval
- Emerson Electric Co.
- Goetze KG Armaturen
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 214 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 4430.5 million |
| Forecasted Market Value ( USD | $ 7038.1 million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
