The Global Pressure Relief Valves Market size is expected to reach $5.5 billion by 2028, rising at a market growth of 4.8% CAGR during the forecast period.
A pressure relief valve, also known as a relief valve, is a safety valve utilized to manage or limit the pressure in a system. Without it, the pressure could build up and cause a process upset, fire, equipment, or instrument failure. By allowing the pressurized fluid to flow out of the system through an auxiliary route, the pressure is eased. The relief valve is programmed or intended to open at a particular set pressure to prevent the pressure vessels and other equipment from exceeding their design limits.
When the preset pressure is crossed, the relief valve is forced to open, and a part of the fluid is redirected along the auxiliary channel. The diverted fluid (gas, liquid, or liquid-gas mixture) is generally directed through a relief header or flare header to a central, elevated gas flare where it is usually burned, and the ensuing combustion gases are discharged to the atmosphere in systems that have combustible fluids.
In non-hazardous systems, the fluid is frequently evacuated to the atmosphere through ample discharge pipework designed to prevent rainwater intrusion, which might change the set lift pressure and is positioned so that employees are not harmed. When the fluid is diverted, the pressure inside the vessel stops rising further.
The valve closes on its own as it reaches the reseating pressure. The blowdown, generally expressed as a percentage of the set pressure, refers to the pressure that must be reduced before the valve reseats. Some valves feature adjustable blowdowns, which can vary between up to 20%. It is advisable to place the relief valve outlet in the open air in high-pressure gas systems. Opening a relief valve in a system where the outlet is joined to the piping will result in a pressure build-up in the piping system downstream of the relief valve.
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 pressure relief valve, also known as a relief valve, is a safety valve utilized to manage or limit the pressure in a system. Without it, the pressure could build up and cause a process upset, fire, equipment, or instrument failure. By allowing the pressurized fluid to flow out of the system through an auxiliary route, the pressure is eased. The relief valve is programmed or intended to open at a particular set pressure to prevent the pressure vessels and other equipment from exceeding their design limits.
When the preset pressure is crossed, the relief valve is forced to open, and a part of the fluid is redirected along the auxiliary channel. The diverted fluid (gas, liquid, or liquid-gas mixture) is generally directed through a relief header or flare header to a central, elevated gas flare where it is usually burned, and the ensuing combustion gases are discharged to the atmosphere in systems that have combustible fluids.
In non-hazardous systems, the fluid is frequently evacuated to the atmosphere through ample discharge pipework designed to prevent rainwater intrusion, which might change the set lift pressure and is positioned so that employees are not harmed. When the fluid is diverted, the pressure inside the vessel stops rising further.
The valve closes on its own as it reaches the reseating pressure. The blowdown, generally expressed as a percentage of the set pressure, refers to the pressure that must be reduced before the valve reseats. Some valves feature adjustable blowdowns, which can vary between up to 20%. It is advisable to place the relief valve outlet in the open air in high-pressure gas systems. Opening a relief valve in a system where the outlet is joined to the piping will result in a pressure build-up in the piping system downstream of the relief valve.
COVID-19 Impact Analysis
The COVID-19 pandemic has halted the production of pressure relief valves for the end-user, primarily due to the prolonged lockdowns in many nations by the government and also forced organizations to stop their operation to control the prevalence of COVID-19. Also, the requirement for power generation witnessed a decline, and the disruption in the supply chain due to the trade and transportation restriction further restricted the growth of the pressure relief valve market. These factors have significantly affected the growth of the pressure relief valve during the pandemic.Market Growth Factors
The raising power and oil & gas industries
The growing regulation for the usage of pressure relief valves in the power generation industry is expected to create opportunities for the market. There is a rising number of nuclear power plants in the world, and many more are in development phases. By safeguarding superheaters, boilers, and turbines to enable the stations to run at a prescribed pressure, pressure relief valves play an important role in the safe and successful operation of nuclear power plant facilities. With the rising oil & gas sector and the constantly growing number of nuclear power plants, the utilization of pressure relief valves is anticipated to increase which will propel the market's growth.The rising requirement in the food and beverages industry
The rapid rise in urbanization has increased the popularity of conveniently packaged food products. On the other hand, growing middle-class consumers has increased the demand for high-quality packaged food. The rising food and beverages industry is expected to increase the usage of pressure relief valves as they have broader use in the industry. These applications range from sanitary liquid processes to dry bulk storage to maintain a clean environment for food processing. Hence, the raising food & beverages industry will surge the growth of the pressure relief valves market in the projected period.Market Restraining Factor
Valve’s leakage problem
Valve leakage is a general problem but can cause a lot of trouble in industrial facilities. While some valves are expected to have a certain level of leakage, especially when they reach the nameplate set pressure, other valve leakage is considered problematic. It can pose a threat to the facility. Pressure relief will have leakage if they aren’t fully closed. This is generally caused by industrial settings where environments are dirty or dusty. If there is any waste stuck in the valve, it can hinder the valve from closing fully and lead to leakage. Thereby these factors are restricting the market growth.Type Outlook
Based on type, the pressure relief valves market is segmented into spring loaded, pilot operated, dead weight and P & T actuated. The spring-loaded segment dominated the pressure relief valves market with maximum revenue share in 2021. This is due to the various advantages, like the greater capacity to withstand high temperatures, high pressure high compatibility with chemicals. These types of valves are being used for a more extended period in numerous industries. Apart from that, these valves aid in venting the fluid to secure the system from overpressure. Installing the spring loaded valves into the system helps decrease the damage to the components.
Pressure Outlook
On the basis of pressure, the pressure relief valves market is divided into low, high and medium. The low segment held the highest revenue share in the pressure relief valves market in 2021. The growth is attributed to its utilization when the ambient atmospheric and vessel pressure difference is small. These low-pressure relief valves are intended to fit in a line that allows a free flow through the side ports, with the exhaust placed at the right angles to the flow direction. They are utilized in the smooth working of oil, water, and gas systems. Hence, their utilization when the pressure between the vessel and ambient atmosphere is small, coupled with other factors, will assist in the segment’s expansion.End-user Outlook
By end user, the pressure relief valves market is classified into oil & gas, chemical, power generation, food & beverages, manufacturing and water & wastewater. The oil & gas segment acquired a prominent revenue share in the pressure relief valves market in 2021. The growth is attributed to the rising usage of oil and gas pipes in developed and developing nations. Industries are now concentrating on expanding their production facilities through offshore and onshore oil and gas exploration to meet the increasing supply and demand. The oil and gas sector is one of the most significant users of the pressure relief valves market; hence with the increase in the oil and gas sector, the utilization of pressure relief valves will also surge, aiding in the segment's expansion.Regional Outlook
Region-wise, the pressure relief valves market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region registered the highest revenue share in the pressure relief valves market in 2021. This is due to the rapid urbanization in emerging economies, which has increased the development speed of the region. This development will surge the demand for pressure relief valves in numerous industries like wastewater treatment, energy & power, chemicals, oil & gas, etc. Also, the fast advancement of nuclear energy generation is increasing the demand for pressure relief valves. Hence, the mentioned factors are expected to boost market growth in the Asia Pacific region.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 Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
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- 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 Global Pressure Relief Valves Market, by Pressure
1.4.2 Global Pressure Relief Valves Market, by End User
1.4.3 Global Pressure Relief Valves Market, by Type
1.4.4 Global Pressure Relief Valves Market, by Geography
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. Global Pressure Relief Valves Market by Pressure
3.1 Global Low Market by Region
3.2 Global Medium Market by Region
3.3 Global High Market by Region
Chapter 4. Global Pressure Relief Valves Market by End User
4.1 Global Power Generation Market by Region
4.2 Global Manufacturing Market by Region
4.3 Global Oil & Gas Market by Region
4.4 Global Water & Wastewater Market by Region
4.5 Global Chemical Market by Region
4.6 Global Food & Beverages Market by Region
Chapter 5. Global Pressure Relief Valves Market by Type
5.1 Global Spring Loaded Market by Region
5.2 Global Pilot Operated Market by Region
5.3 Global Dead Weight Market by Region
5.4 Global P & T Actuated Market by Region
Chapter 6. Global Pressure Relief Valves Market by Region
6.1 North America Pressure Relief Valves Market
6.1.1 North America Pressure Relief Valves Market by Pressure
6.1.1.1 North America Low Market by Country
6.1.1.2 North America Medium Market by Country
6.1.1.3 North America High Market by Country
6.1.2 North America Pressure Relief Valves Market by End User
6.1.2.1 North America Power Generation Market by Country
6.1.2.2 North America Manufacturing Market by Country
6.1.2.3 North America Oil & Gas Market by Country
6.1.2.4 North America Water & Wastewater Market by Country
6.1.2.5 North America Chemical Market by Country
6.1.2.6 North America Food & Beverages Market by Country
6.1.3 North America Pressure Relief Valves Market by Type
6.1.3.1 North America Spring Loaded Market by Country
6.1.3.2 North America Pilot Operated Market by Country
6.1.3.3 North America Dead Weight Market by Country
6.1.3.4 North America P & T Actuated Market by Country
6.1.4 North America Pressure Relief Valves Market by Country
6.1.4.1 US Pressure Relief Valves Market
6.1.4.1.1 US Pressure Relief Valves Market by Pressure
6.1.4.1.2 US Pressure Relief Valves Market by End User
6.1.4.1.3 US Pressure Relief Valves Market by Type
6.1.4.2 Canada Pressure Relief Valves Market
6.1.4.2.1 Canada Pressure Relief Valves Market by Pressure
6.1.4.2.2 Canada Pressure Relief Valves Market by End User
6.1.4.2.3 Canada Pressure Relief Valves Market by Type
6.1.4.3 Mexico Pressure Relief Valves Market
6.1.4.3.1 Mexico Pressure Relief Valves Market by Pressure
6.1.4.3.2 Mexico Pressure Relief Valves Market by End User
6.1.4.3.3 Mexico Pressure Relief Valves Market by Type
6.1.4.4 Rest of North America Pressure Relief Valves Market
6.1.4.4.1 Rest of North America Pressure Relief Valves Market by Pressure
6.1.4.4.2 Rest of North America Pressure Relief Valves Market by End User
6.1.4.4.3 Rest of North America Pressure Relief Valves Market by Type
6.2 Europe Pressure Relief Valves Market
6.2.1 Europe Pressure Relief Valves Market by Pressure
6.2.1.1 Europe Low Market by Country
6.2.1.2 Europe Medium Market by Country
6.2.1.3 Europe High Market by Country
6.2.2 Europe Pressure Relief Valves Market by End User
6.2.2.1 Europe Power Generation Market by Country
6.2.2.2 Europe Manufacturing Market by Country
6.2.2.3 Europe Oil & Gas Market by Country
6.2.2.4 Europe Water & Wastewater Market by Country
6.2.2.5 Europe Chemical Market by Country
6.2.2.6 Europe Food & Beverages Market by Country
6.2.3 Europe Pressure Relief Valves Market by Type
6.2.3.1 Europe Spring Loaded Market by Country
6.2.3.2 Europe Pilot Operated Market by Country
6.2.3.3 Europe Dead Weight Market by Country
6.2.3.4 Europe P & T Actuated Market by Country
6.2.4 Europe Pressure Relief Valves Market by Country
6.2.4.1 Germany Pressure Relief Valves Market
6.2.4.1.1 Germany Pressure Relief Valves Market by Pressure
6.2.4.1.2 Germany Pressure Relief Valves Market by End User
6.2.4.1.3 Germany Pressure Relief Valves Market by Type
6.2.4.2 UK Pressure Relief Valves Market
6.2.4.2.1 UK Pressure Relief Valves Market by Pressure
6.2.4.2.2 UK Pressure Relief Valves Market by End User
6.2.4.2.3 UK Pressure Relief Valves Market by Type
6.2.4.3 France Pressure Relief Valves Market
6.2.4.3.1 France Pressure Relief Valves Market by Pressure
6.2.4.3.2 France Pressure Relief Valves Market by End User
6.2.4.3.3 France Pressure Relief Valves Market by Type
6.2.4.4 Russia Pressure Relief Valves Market
6.2.4.4.1 Russia Pressure Relief Valves Market by Pressure
6.2.4.4.2 Russia Pressure Relief Valves Market by End User
6.2.4.4.3 Russia Pressure Relief Valves Market by Type
6.2.4.5 Spain Pressure Relief Valves Market
6.2.4.5.1 Spain Pressure Relief Valves Market by Pressure
6.2.4.5.2 Spain Pressure Relief Valves Market by End User
6.2.4.5.3 Spain Pressure Relief Valves Market by Type
6.2.4.6 Italy Pressure Relief Valves Market
6.2.4.6.1 Italy Pressure Relief Valves Market by Pressure
6.2.4.6.2 Italy Pressure Relief Valves Market by End User
6.2.4.6.3 Italy Pressure Relief Valves Market by Type
6.2.4.7 Rest of Europe Pressure Relief Valves Market
6.2.4.7.1 Rest of Europe Pressure Relief Valves Market by Pressure
6.2.4.7.2 Rest of Europe Pressure Relief Valves Market by End User
6.2.4.7.3 Rest of Europe Pressure Relief Valves Market by Type
6.3 Asia Pacific Pressure Relief Valves Market
6.3.1 Asia Pacific Pressure Relief Valves Market by Pressure
6.3.1.1 Asia Pacific Low Market by Country
6.3.1.2 Asia Pacific Medium Market by Country
6.3.1.3 Asia Pacific High Market by Country
6.3.2 Asia Pacific Pressure Relief Valves Market by End User
6.3.2.1 Asia Pacific Power Generation Market by Country
6.3.2.2 Asia Pacific Manufacturing Market by Country
6.3.2.3 Asia Pacific Oil & Gas Market by Country
6.3.2.4 Asia Pacific Water & Wastewater Market by Country
6.3.2.5 Asia Pacific Chemical Market by Country
6.3.2.6 Asia Pacific Food & Beverages Market by Country
6.3.3 Asia Pacific Pressure Relief Valves Market by Type
6.3.3.1 Asia Pacific Spring Loaded Market by Country
6.3.3.2 Asia Pacific Pilot Operated Market by Country
6.3.3.3 Asia Pacific Dead Weight Market by Country
6.3.3.4 Asia Pacific P & T Actuated Market by Country
6.3.4 Asia Pacific Pressure Relief Valves Market by Country
6.3.4.1 China Pressure Relief Valves Market
6.3.4.1.1 China Pressure Relief Valves Market by Pressure
6.3.4.1.2 China Pressure Relief Valves Market by End User
6.3.4.1.3 China Pressure Relief Valves Market by Type
6.3.4.2 Japan Pressure Relief Valves Market
6.3.4.2.1 Japan Pressure Relief Valves Market by Pressure
6.3.4.2.2 Japan Pressure Relief Valves Market by End User
6.3.4.2.3 Japan Pressure Relief Valves Market by Type
6.3.4.3 India Pressure Relief Valves Market
6.3.4.3.1 India Pressure Relief Valves Market by Pressure
6.3.4.3.2 India Pressure Relief Valves Market by End User
6.3.4.3.3 India Pressure Relief Valves Market by Type
6.3.4.4 South Korea Pressure Relief Valves Market
6.3.4.4.1 South Korea Pressure Relief Valves Market by Pressure
6.3.4.4.2 South Korea Pressure Relief Valves Market by End User
6.3.4.4.3 South Korea Pressure Relief Valves Market by Type
6.3.4.5 Singapore Pressure Relief Valves Market
6.3.4.5.1 Singapore Pressure Relief Valves Market by Pressure
6.3.4.5.2 Singapore Pressure Relief Valves Market by End User
6.3.4.5.3 Singapore Pressure Relief Valves Market by Type
6.3.4.6 Malaysia Pressure Relief Valves Market
6.3.4.6.1 Malaysia Pressure Relief Valves Market by Pressure
6.3.4.6.2 Malaysia Pressure Relief Valves Market by End User
6.3.4.6.3 Malaysia Pressure Relief Valves Market by Type
6.3.4.7 Rest of Asia Pacific Pressure Relief Valves Market
6.3.4.7.1 Rest of Asia Pacific Pressure Relief Valves Market by Pressure
6.3.4.7.2 Rest of Asia Pacific Pressure Relief Valves Market by End User
6.3.4.7.3 Rest of Asia Pacific Pressure Relief Valves Market by Type
6.4 LAMEA Pressure Relief Valves Market
6.4.1 LAMEA Pressure Relief Valves Market by Pressure
6.4.1.1 LAMEA Low Market by Country
6.4.1.2 LAMEA Medium Market by Country
6.4.1.3 LAMEA High Market by Country
6.4.2 LAMEA Pressure Relief Valves Market by End User
6.4.2.1 LAMEA Power Generation Market by Country
6.4.2.2 LAMEA Manufacturing Market by Country
6.4.2.3 LAMEA Oil & Gas Market by Country
6.4.2.4 LAMEA Water & Wastewater Market by Country
6.4.2.5 LAMEA Chemical Market by Country
6.4.2.6 LAMEA Food & Beverages Market by Country
6.4.3 LAMEA Pressure Relief Valves Market by Type
6.4.3.1 LAMEA Spring Loaded Market by Country
6.4.3.2 LAMEA Pilot Operated Market by Country
6.4.3.3 LAMEA Dead Weight Market by Country
6.4.3.4 LAMEA P & T Actuated Market by Country
6.4.4 LAMEA Pressure Relief Valves Market by Country
6.4.4.1 Brazil Pressure Relief Valves Market
6.4.4.1.1 Brazil Pressure Relief Valves Market by Pressure
6.4.4.1.2 Brazil Pressure Relief Valves Market by End User
6.4.4.1.3 Brazil Pressure Relief Valves Market by Type
6.4.4.2 Argentina Pressure Relief Valves Market
6.4.4.2.1 Argentina Pressure Relief Valves Market by Pressure
6.4.4.2.2 Argentina Pressure Relief Valves Market by End User
6.4.4.2.3 Argentina Pressure Relief Valves Market by Type
6.4.4.3 UAE Pressure Relief Valves Market
6.4.4.3.1 UAE Pressure Relief Valves Market by Pressure
6.4.4.3.2 UAE Pressure Relief Valves Market by End User
6.4.4.3.3 UAE Pressure Relief Valves Market by Type
6.4.4.4 Saudi Arabia Pressure Relief Valves Market
6.4.4.4.1 Saudi Arabia Pressure Relief Valves Market by Pressure
6.4.4.4.2 Saudi Arabia Pressure Relief Valves Market by End User
6.4.4.4.3 Saudi Arabia Pressure Relief Valves Market by Type
6.4.4.5 South Africa Pressure Relief Valves Market
6.4.4.5.1 South Africa Pressure Relief Valves Market by Pressure
6.4.4.5.2 South Africa Pressure Relief Valves Market by End User
6.4.4.5.3 South Africa Pressure Relief Valves Market by Type
6.4.4.6 Nigeria Pressure Relief Valves Market
6.4.4.6.1 Nigeria Pressure Relief Valves Market by Pressure
6.4.4.6.2 Nigeria Pressure Relief Valves Market by End User
6.4.4.6.3 Nigeria Pressure Relief Valves Market by Type
6.4.4.7 Rest of LAMEA Pressure Relief Valves Market
6.4.4.7.1 Rest of LAMEA Pressure Relief Valves Market by Pressure
6.4.4.7.2 Rest of LAMEA Pressure Relief Valves Market by End User
6.4.4.7.3 Rest of LAMEA 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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