Safety Valves Market 2020: Top impacting factors that could escalate markets growth by 2027

Expansion in the oil and gas industry, rise in demand for cleaner fuel, technological advancements in manufacturing lines have resulted in boosting Safety valves market.

Market Size - USD 4.70 Billion in 2018, Market Growth - CAGR of 14.6%, Market Trends -Increased consumption of oil and gas

New York, June 6, 2019-The Global Safety valves market is forecast to reach USD 6.30 Billion by 2026, according to a new report by Reports and Data.

Safety values have become an integral part of the operation for different industries in contemporary times. The expansion of these industries is promoting the growth of the market. Another essential driving factor for the market is stringent government policies regulating workplace health and safety. It is because of these government regulations; it has become necessary for different industries to comply with these safety norms and incorporate safety valves in their operation. Such a rise in safety valves application in various sectors encourages the growth of this sector.

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Key participants include Alfa Laval, Bosch Rexroth, Aquatrol Valve Company, ARI-Armaturen, Forbes Marshall, Baker Hughes (A GE Company), Emerson, Danfoss, IMI PLC, Curtiss-Wright Corporation.

For the purpose of this report, Reports and Data have segmented the global Safety valves market according to Product types, Material, Size, Application areas, and Region:

Product types Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)

Spring-loaded Pressure-relief Valves

Dead-Weight Pressure-relief Valves

Pilot-operated Pressure-relief Valves

Material type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)

Cast Iron

Stainless Steel

Cryogenic

Alloy

Size type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)

Less than 6 inch

7 inch-25 inch

26 inch-50 inch

50 inch and above

Application areas Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)

Oil & Gas Industry

Water & Wastewater

Energy & Power

Agriculture

Pharmaceuticals

Chemicals

Metal & Mining

Food & Beverage Industry

Others

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Further key findings from the report suggest

The Safety valves market held a market share of USD 4.70 Billion in the year 2018. It is forecasted to grow at a rate of 3.7% during the forecast period.

In regards to the product types, Spring-loaded Pressure-relief Valves segment generated the highest revenue of USD 2.03 Billion in 2018 with a CAGR of 3.9% during the forecast period. This type of safety valve is one of the most commonly used safety valves due to the presence of traits like no impact of pressure release on back pressure and effectiveness in dealing with higher built-up backpressure. The high rate of application of this type of safety valve, contributes to the revenue yielded by this segment.

In context to material, Stainless Steel segment generated the highest revenue of USD 1.69 Billion in 2018 with a growth rate of 4.0% during the forecast period. The revenue generated by the segment has been the result of the rise in demand for a high-quality and effective safety valve for mitigating the issue of contamination that is prevalent in industries like food and beverage industry.

In regards to size, Less than 6-inch segment generated the highest revenue of USD 1.65 Billion in 2018 with a CAGR of 4.0% during the forecast period. The revenue generated by this segment has been the result of the rise in demand for power-based and energy application, in which, safety valve finds a significant application.

In regards to application, the Agriculture segment is forecasted to generate USD 1.32 Billion by 2026 with the highest CAGR of 5.0% during the forecast period. The growth rate of the segment has been the consequence of the effectiveness of safety valve in precision farming and irrigation, which are integral parts of agriculture.

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The market report gives accurate forecasts and market estimations that will help readers formulate profitable strategies.

Significant characteristics of the Global Safety Valves Market Report:

* An in-depth analysis of the market and have an intricate understanding of the Global Safety Valves Market and its competitive landscape.
* Evaluation of the Safety Valves production processes, major affecting factors, and solutions to mitigate the development risk.
* Assessment of the most impactful driving and restraining forces in the Safety Valves and its impact on the global market.
* Information on the market strategies that are being employed by leading organizations.
* Comprehensive understanding of the future outlook for the Safety Valves Market.

Queries addressed in the Global Safety Valves Market Study:
Who are the major participants, and what are their strategies in the Global Safety Valves market?
What are the outcomes of the SWOT and Porter's five forces analyses of the Safety Valves market?
What are the different opportunities and threats operating in the Global Safety Valves market?
What are the strengths and weaknesses and business strategies of the leading producers or suppliers in the Safety Valves market?

Table of Contents:
Chapter 1. Market Overview
Chapter 3. Market Dynamics
Chapter 4. Research Methodology
Chapter 5. Market Factor Analysis
Chapter 6. Global Safety Valves Market, By Delivery Mode
Chapter 7. Global Safety Valves Market, By Application
Chapter 8. Global Safety Valves Market, By Region
Chapter 9. Global Safety Valves Market, By Type
Chapter 10. Company Landscape
Chapter 11. Company Profiles
Chapter 12. Appendix

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