Australian Pressure Safety Valve Market Expected to Reach $65.38 Million, Globally, By Top Key Players: Emerson Electric Co., Spirax Sarco Pty. Limited., Cebeco, Score Pacific PLC, Callidus Group, LESER, Powerflo Solutions, Mercer Valve Co., Inc., Western

The Australia Pressure Safety Valve Market size was valued at $52.12 million in 2017 and is expected to reach $65.38 million by 2025, registering a CAGR of 2.88% from 2018 to 2025. Pressure safety valves, also known as pressure relief valves or simply relief valves, ensure safety of pressure-based systems.

Industrial valves comprise many products that manage the flow of gases and fluids in industrial applications. Among these, pressure safety valves are designed for process control, process safety, original equipment manufacturer (OEM) applications, and others across several end-user industries. These valves prevent the over-pressurization of pressure-based equipment and machineries by sensing and subsequently guiding the additional surge in pressure towards alternate passages or into atmosphere. As a result, they are used in steam boilers, heating boilers, pressure-based vessels and systems, OEM applications, industrial machineries, and other applications.

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Industrial spending towards increasing the manufacturing and production capabilities of Australian end-user industries has a profound influence over the growth of pressure safety valve market over the forecast period. To cater to the increase in demand to improve plant efficiency, equipment and machinery are constantly operated around maximum capabilities. As a result, to ensure the workplace safety and prevent over-pressurization of pressure systems, constant observation and supervision of pressure safety valves are mandatory to reduce the additional pressure developed during operation. This drives the demand for safety valves and their components across many end-user industries. Moreover, the Australian governments initiatives towards extensive offshore exploration of Australian waters to determine the potential availability of natural gas and petroleum reserves are also anticipated to boost the demand for safety valves in the oil & gas sector.

The safety valve market provides safety valves and their components for subsequent maintenance, services, and repairs. As a result, on the basis of offering, the market is bifurcated into safety valve and safety valve component. Further, the safety valve types are spring loaded valves, pilot operated valves, and dead weight valves. Safety valves have numerous applications across different industry verticals. For instance, safety valves find significant application in chemicals dosing, water treatment, mid-stream, up-stream, down-stream, chemicals processing, construction, food processing, industrial waste treatment, and others. Safety valves are used in various end-user industries, such as oil & gas, power & energy, healthcare & pharmaceutical, water supply system, and others.

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As depicted in the figure above, the safety valve market constitutes a significant market share among the offerings. However, the safety valve component market is expected to witness attractive growth rates in the forecast period. Factors, such as new plant installations, sophisticated machinery, and expansion of production capacity, are major driving factors for the safety valve segment. In addition, the continuous maintenance, services, and repairs-related activities continue to provide a steady stream of revenue for safety valve manufacturers. Thus, the Australian pressure safety valve market is anticipated to witness a moderate growth rate in the coming years.

The application of safety valves in mid-stream, up-stream, and down-stream applications in the oil & gas industry has resulted in significant installation of safety valves. Further, the wide distribution network of the oil & gas industry requires constant maintenance and services of its safety valves. As a result, the oil & gas industry accounted for a significant market share in the safety valve market shown below. Further, the increasing demand for water supply systems for non-residential and residential applications is anticipated to provide lucrative business opportunities for the market players resulting in a high growth rate during the forecast period.

LIST OF TABLES

TABLE 01. AUSTRALIAN PRESSURE SAFETY VALVE MARKET REVENUE, BY OFFERINGS, 2017-2025 ($MILLION)
TABLE 02. AUSTRALIAN PRESSURE SAFETY VALVE MARKET REVENUE, BY SAFETY VALVE TYPE, 2017-2025 ($MILLION)
TABLE 03. AUSTRALIAN PRESSURE SAFETY VALVE MARKET REVENUE, BY END-USER INDUSTRY, 2017-2025 ($MILLION)
TABLE 04. BOURKE VALVES: COMPANY SNAPSHOT
TABLE 05. BOURKE VALVES: PRODUCT PORTFOLIO
TABLE 06. CALLIDUS GROUP: COMPANY SNAPSHOT
TABLE 07. CALLIDUS GROUP: OPERATING DIVISION
TABLE 08. CALLIDUS GROUP: PRODUCT PORTFOLIO
TABLE 09. CEBECO PTY LTD: COMPANY SNAPSHOT
TABLE 10. CEBECO PTY LTD: PRODUCT PORTFOLIO
TABLE 11. EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 12. EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 13. EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 14. LESER GMBH & CO. KG: COMPANY SNAPSHOT
TABLE 15. LESER GMBH & CO. KG: PRODUCT PORTFOLIO
TABLE 16. MERCER VALVE COMPANY, INC.: COMPANY SNAPSHOT
TABLE 17. MERCER VALVE COMPANY, INC.: PRODUCT PORTFOLIO
TABLE 18. POWERFLO SOLUTIONS: COMPANY SNAPSHOT
TABLE 19. POWERFLO SOLUTIONS: PRODUCT CATEGORIES
TABLE 20. POWERFLO SOLUTIONS: PRODUCT PORTFOLIO
TABLE 21. SCORE GROUP PLC: COMPANY SNAPSHOT
TABLE 22. SCORE GROUP PLC: OPERATING SEGMENTS
TABLE 23. SCORE GROUP PLC: PRODUCT PORTFOLIO
TABLE 24. SPIRAX SARCO PTY. LIMITED.: COMPANY SNAPSHOT
TABLE 25. SPIRAX SARCO PTY. LIMITED.: PRODUCT CATEGORIES
TABLE 26. SPIRAX SARCO PTY. LIMITED.: PRODUCT PORTFOLIO
TABLE 27. WESTERN PROCESS CONTROLS: COMPANY SNAPSHOT
TABLE 28. WESTERN PROCESS CONTROLS: PRODUCT CATEGORIES
TABLE 29. WESTERN PROCESS CONTROLS: PRODUCT PORTFOLIO

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