by The safety valve market size is poised to grow by USD 3.34 billion by 2032 from USD 2.1 billion in 2022, exhibiting a CAGR of 4.8% during the forecast period 2023-2032.
Key Takeaways
- Asia Pacific contributed more than 35% of revenue share in 2022.
- Europe is estimated to expand the fastest CAGR between 2023 and 2032.
- By Type, the spring-loaded pressure-relief valves segment has the largest market share of 48% in 2022.
- By Type, the pilot-operated pressure-relief valves segment is anticipated to grow at a remarkable CAGR of 7.8% between 2023 and 2032.
- By Material, the cryogenic segment generated over 36% of the revenue share in 2022.
- By Material, the stainless-steel segment is expected to expand at the fastest CAGR over the projected period.
- By End-use Industry, the oil & gas segment had the largest market share of 42% in 2022.
- By End-use Industry, the energy power segment is expected to expand at the fastest CAGR over the projected period.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Safety valve market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Safety valve Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Safety Valve Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 2.19 Billion |
| Market Size by 2032 | USD 3.34 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.8% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type, By Material, By End Use Industry |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The empirical study on the global Safety valve market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Safety valve Market. Our market report for the Safety valve market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Safety Valve Market Players
- Emerson Electric Co.
- Honeywell International Inc.
- Baker Hughes Company
- Schlumberger Limited
- Cameron International Corporation
- CIRCOR International, Inc.
- Spirax-Sarco Engineering plc
- IMI plc
- Flowserve Corporation
- LESER GmbH & Co. KG
- Velan Inc.
- Forbes Marshall
- Weir Group plc
- Curtiss-Wright Corporation
- Anderson Greenwood Crosby
Data Sources and Methodology
To gather comprehensive insights on the Global Safety valve Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Safety valve Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the Safety valve market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Type
- Spring-loaded Pressure-relief Valves
- Dead-Weight Pressure-relief Valves
- Pilot-operated Pressure-relief Valves
By Material
- Cryogenic
- Stainless Steel
- Alloy
- Cast Iron
By End Use Industry
- Oil Gas
- Water Wastewater
- Energy Power
- Pharmaceuticals
- Paper Pulp
- Agriculture
- Metal Mining
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Safety valve market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Safety valve market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Safety valve market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Safety valve market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Safety Valve Market
5.1. COVID-19 Landscape: Safety Valve Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Safety Valve Market, By Type
8.1. Safety Valve Market Revenue and Volume, by Type, 2023-2032
8.1.1 Spring-loaded Pressure-relief Valves
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Dead-Weight Pressure-relief Valves
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Pilot-operated Pressure-relief Valves
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Safety Valve Market, By Material
9.1. Safety Valve Market Revenue and Volume, by Material, 2023-2032
9.1.1. Cryogenic
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Stainless Steel
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Alloy
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Cast Iron
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Safety Valve Market, By End Use Industry
10.1. Safety Valve Market Revenue and Volume, by End Use Industry, 2023-2032
10.1.1. Oil Gas
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Water Wastewater
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Energy Power
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
10.1.4. Pharmaceuticals
10.1.4.1. Market Revenue and Volume Forecast (2020-2032)
10.1.5. Paper Pulp
10.1.5.1. Market Revenue and Volume Forecast (2020-2032)
10.1.6. Agriculture
10.1.6.1. Market Revenue and Volume Forecast (2020-2032)
10.1.7. Metal Mining
10.1.7.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Safety Valve Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
Chapter 12. Company Profiles
12.1. Emerson Electric Co.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Honeywell International Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Baker Hughes Company
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Schlumberger Limited
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Cameron International Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. CIRCOR International, Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Spirax-Sarco Engineering plc
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. IMI plc
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Flowserve Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. LESER GmbH & Co. KG
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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