Market Overview
In its research report, Market Research Future (MRFR), emphasizes that the global safety valve market size is slated to reach USD 5.12 Billion by 2027, at 5.02% CAGR over the review period of 2020 to 2027.
Drivers and Restraints
The major factors driving the growth of the global security valve market include increased demand from the oil & gas industry for safety valves and increased generation of nuclear power. In addition, the introduction of safety valves into the Internet of Things (IoT) system is expected to create opportunities for market players in the global security valve industry. Nevertheless, in some parts of the world slow growth in oil & gas exploration is expected to curb the development of the safety valve market.
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Segmental Analysis
The global safety valve market has been analyzed based on material, size, and end-use. Based on thematerial, the global market includes cryogenic, alloy, steel, cast iron, and others. The steel segment is expected to lead the global market as these valves are durable and do not drop in hot or cold temperatures. Based on the size, the global market is segmented into 1” to 10”, less than 1”, and 11” to 20”, and 20” & above. The 1” to 10” segment is slated to grow with the fastest CAGR during the forecast period as the safety valves of this size range are used to control the flow and pressure of gases, liquids, and slurries within different end-use industries. Based on theend-use, the global safety valve market has been segmented into oil & gas, energy & power, chemicals, water & wastewater treatment, food & beverage, and others. The oil & gas segment is poised to hold the largest share in the global protection sector, as the oil & gas commerce is one of the most important revenue-generating industries that require nearly all types of valves including gate, globe, test, ball, and butterfly.
Regional Analysis
The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
The market in asia pacific is set to witness a substantial growth trajectory. Additionally, regulatory and structural changes are needed to make infrastructure more competitive for private investors and to build a pipeline of public-private partnership projects. Safety valves are often used in the building industry to control liquid flow in firefighting systems, piping systems, and water supply systems. Asia-Pacific therefore holds the largest share in the safety valve market due to an increasing construction industry and the numerous opportunities for market players in the safety valve sector.
North America's demand for safety valves is projected to be the second-largest market due to growing investments in the construction sector. The US construction industry is expected to develop faster than China's market in the next 15 years, which is expected to lead to extensive installation of safety valves in the construction industry. According to the US Department of Commerce, gross spending on residential and non-residential construction in January 2019 amounted to around USD 1.307.34 billion. These investments are expected to boost the region's demand for safety valves as security valves provide the desired liquid pressure and flow inside any device. Germany is expected to dominate the safety valve market in Europe because of an rise in power produced from renewable energy resources driving the safety valve market in this country.
Competitive Analysis
The major market players operating in the global market as identified by MRFR are Emerson Electric Co (US), Schlumberger Limited (US), Bosch Rexroth AG (Germany), General Electric (US), ALFA LAVAL (Sweden), IMI plc (UK), The Weir Group PLC (Scotland), LESER GmbH & Co. KG (Germany),Forbes Marshall (India), Curtiss-Wright Corporation (US), Danfoss (Denmark), and Spirax Sarco Limited (UK).
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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The global safety valve market is growing at a rapid pace.
Besides, the integration of safety valves into the Internet of Things (IoT) environment creates substantial market opportunities for the players.
Additionally, the rise in demand for maintenance operations in refineries substantiates the market growth.
Furthermore, rapid industrialization in developing regions influences the market growth.Major Players:Players leading the global safety valve market include Schlumberger Limited (US), Emerson Electric Co (US), General Electric (US), ALFA LAVAL (Sweden), Curtiss-Wright Corporation (US), IMI plc (UK), The Weir Group PLC (Scotland), LESER GmbH & Co. KG (Germany), Forbes Marshall (India), Bosch Rexroth AG (Germany), Danfoss (Denmark), and Spirax Sarco Limited (UK), among others.
By Size : Less than 1”, 1” to 10”, 11” to 20”, and 20’ & above.By End-Use: Oil & Gas, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, and others.By Regions : Americas, Europe, APAC, and Rest-of-the-World.Global Safety Valve Market – Geographical AnalysisThe Asia Pacific region dominates the global safety valve market.
Additionally, the spurring rise in the wind, bioenergy, and hydropower energy pushes regional market growth.
Market OverviewIn its research report, Market Research Future (MRFR), emphasizes that the global safety valve market size is slated to reach USD 5.12 Billion by 2027, at 5.02% CAGR over the review period of 2020 to 2027.
Drivers and RestraintsThe major factors driving the growth of the global security valve market include increased demand from the oil & gas industry for safety valves and increased generation of nuclear power.
Nevertheless, in some parts of the world slow growth in oil & gas exploration is expected to curb the development of the safety valve market.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7790Segmental AnalysisThe global safety valve market has been analyzed based on material, size, and end-use.
Based on thematerial, the global market includes cryogenic, alloy, steel, cast iron, and others.
The steel segment is expected to lead the global market as these valves are durable and do not drop in hot or cold temperatures.
The 1” to 10” segment is slated to grow with the fastest CAGR during the forecast period as the safety valves of this size range are used to control the flow and pressure of gases, liquids, and slurries within different end-use industries.
The global Pressure Safety Valve Market presents comprehensive information that makes it a valuable source of insightful data for business strategists during 2021-2026.
Given the technological innovations in the market, the industry is likely to emerge as a complementary platform for investors in the emerging market.A thorough competitive analysis covering insightful data on industry leaders is intended to help potential market entrants and competing existing players to reach their decisions in the right direction.
Ltd., Emerson Electric Co., LESER GmbH & Co. KG, Mercer Valve Company Inc., Powerflo Solutions, Score Group PLC, Spirax Sarco Pty.
Limited, Western Process ControlsFor Right Perspective & Competitive Insights, Request a Sample @ https://imrmarketreports.com/request/151Market segmentationThe Pressure Safety Valve market is segmented by type and application.
Growth between segments over the period 2021-2026 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value.
This analysis can help you expand your business by targeting eligible niches.Product Segment Analysis:Spring Operated Valve, Pilot Operated Valve, Dead Weight ValveApplication Segment Analysis:Oil & Gas, Power & Energy, Healthcare & Pharmaceutical, Water Supply System, OthersThe market research report also discusses the numerous development strategies and plans that the Pressure Safety Valve industry follows to expand to a global level.
Safety Valve Market 2021-2027New Study Reports " Safety Valve Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027" has been Added on MarketResearchFuture.Introduction/Report Summary:This report provides in depth study of “Safety Valve Market” using SWOT analysis i.e.
Strength, Weakness, Opportunities and Threat to the organization.
The Safety Valve Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.Drivers and Constraints The fundamental dynamics that are explored in the report hold substantial influence over the Safety Valve Market.
In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.In its research report, Market Research Future (MRFR), emphasizes that the global safety valve market size is slated to reach USD 5.12 Billion by 2025, at 5.02% CAGR over the review period of 2019 to 2025.
The major factors driving the growth of the global security valve market include increased demand from the oil & gas industry for safety valves and increased generation of nuclear power.
Nevertheless, in some parts of the world slow growth in oil & gas exploration is expected to curb the development of the safety valve market.Key PlayersThe report has profiled some of the Important players prevalent in the global like – Emerson Electric Co (US), Schlumberger Limited (US), Bosch Rexroth AG (Germany), General Electric (US), ALFA LAVAL (Sweden), IMI plc (UK), The Weir Group PLC (Scotland), LESER GmbH & Co. KG (Germany),Forbes Marshall (India), Curtiss-Wright Corporation (US), Danfoss (Denmark), and Spirax Sarco Limited (UK) and more.This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the X-ray Inspection Systems Technology.Request for Free Sample Report of “Safety Valve” Market @ https://www.marketresearchfuture.com/sample_request/7790Segmental AnalysisThe global safety valve market has been analyzed based on material, size, and end-use.
