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Pressure Relief Valves Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRTNTR46577
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The pressure relief valves market size has the potential to grow by USD 937.20 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.12%. 

This report provides a detailed analysis of the market by end-user (oil and gas, chemicals and petrochemicals, power, water and wastewater, and other), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

Pressure-Relief-Valves-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Alfa Laval AB
  • Crane Co.
  • Curtiss-Wright Corp.
  • Emerson Electric Co.
  • General Electric Co.
  • IMI Plc
  • LESER GmbH. & Co. KG
  • Parker Hannifin Corp.
  • Schlumberger Ltd.
  • The Weir Group Plc

 

The pressure relief valves market is fragmented and the vendors are deploying growth strategies such as providing industry-specific and standard pressure relief valves to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as increasing periodic replacement activities to achieve growth opportunities. However, factors such as design and installation issues while selecting pressure relief valves will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the pressure relief valves market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This pressure relief valves market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. 

Pressure Relief Valves Market: Key Drivers and Trends

  • The increasing periodic replacement activities are one of the key factors driving the pressure relief valves market growth.
  • The adoption of pressure relief valves is high in various harsh industries. The performance of the valves need monitoring on a regular basis due to their exposure to harsh conditions.
  • Vendors carry out the servicing and replacement activity periodically due to the growing need to replace pressure relief valves when they are affected by corrosive liquids and elevated temperatures. 
  • Vendors are introducing products to ensure smooth integration of IoT and pressure relief safety valve, which is identified as one of the key pressure relief valves market trends.
  • They are developing modern sensors such as positioning sensors that are available at low price and provide accuracy.
  • Pressure air release valves along with smart monitors communicate independently without interfering with the main process line.

 

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Pressure Relief Valves Market: Segmentation by Geography

Pressure-Relief-Valves-Market-Market-Share-by-Region-2020-2025

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42% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for pressure relief valves in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growth in the chemical industry is one of the prime factors that will facilitate the pressure relief valves market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Pressure Relief Valves Market: Segmentation by End-user

Pressure-Relief-Valves-Market-Market-Share-by-End-2020-2025

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Operations in the oil and gas industry are carried out in harsh environments, and the weather condition and the heat generated inside the processing plants affect the performance of the installed equipment. To maintain a safe operable environment, pressure relief valves are installed in the drilling to the pumping processes of oil in offshore facilities. Increasing investments in refining in APAC through new capacity additions and upgrading of existing refineries are expected to drive the growth of the oil and gas segment. However, the pressure relief valves market share growth by the oil and gas segment will be slower than the power and water and wastewater segments.    

This report provides an accurate prediction of the contribution of all the segments to the growth of the pressure relief valves market size. Fetch actionable market insights on post COVID-19 impact on each segment.   

 

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Pressure Relief Valves Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive pressure relief valves market growth during the next five years
  • Precise estimation of the pressure relief valves market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pressure relief valves industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pressure relief valves market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Oil and gas - Market size and forecast 2020-2025
  • Chemicals and petrochemicals - Market size and forecast 2020-2025
  • Power - Market size and forecast 2020-2025
  • Water and wastewater - Market size and forecast 2020-2025
  • Mining and minerals - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by End-user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alfa Laval AB
  • Crane Co.
  • Curtiss-Wright Corp.
  • Emerson Electric Co.
  • General Electric Co.
  • IMI Plc
  • LESER GmbH. & Co. KG
  • Parker Hannifin Corp.
  • Schlumberger Ltd.
  • The Weir Group Plc

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Pressure Relief Valves market growth will increase by $937.20 million during 2020-2025.
The pressure relief valves market is expected to grow at a CAGR of 4.12% during 2020-2025.
Technavio has segmented the pressure relief valves market by end user (Oil and gas, Chemicals and petrochemicals, Power, Water and wastewater, and Other) and geographic (APAC, Europe, North America, MEA, and South America).
Alfa Laval AB, Crane Co., Curtiss-Wright Corp., Emerson Electric Co., General Electric Co., IMI Plc, LESER GmbH. & Co. KG, Parker Hannifin Corp., Schlumberger Ltd., The Weir Group Plc are a few of the key vendors in the pressure relief valves market.
APAC will register the highest growth rate of 42.27% among the other regions. Therefore, the pressure relief valves market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the pressure relief valves market growth are:
  • Increasing periodic replacement activities
The pressure relief valves market vendors should focus on grabbing business opportunities from the oil and gas segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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