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Pressure Relief valves Market Analysis By 2031: Protecting People and Processes: The Critical Role of Pressure Relief Valves in Industrial Safety.
Pressure relief valve (PRV) is also called as a relief valve. Pressure vessels and other equipment are protected by pressure relief valve from being subjected to pressures that exceed their design limits. The valve is used to control or limit the pressure built inside the equipment which may cause equipment or instrument failure, or fire. The pressure is relieved by allowing the pressurized fluid to flow from an auxiliary passage out of the system.pressure relief valves market size was valued at $4.4 billion in 2021, and is projected to reach $7 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031
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Key Market Players : General Electric, Watts Water Technologies, Inc., The Weir Group PLC, Curtis-Wright Corp, AGF Manufacturing, Inc., Mercury Manufacturing Company Ltd., IMI plc, Alfa Laval, Emerson Electric Co., Goetze KG Armaturen
What are pressure relief valves?
A pressure relief valve is a safety device that is used to automatically relieve excess pressure in a pressure vessel, pipeline, or other high-pressure system. The valve is designed to open when the pressure in the system exceeds a predetermined level, allowing the excess pressure to be vented to the atmosphere or to a lower pressure system.
Pressure relief valves are essential in preventing catastrophic accidents in high-pressure systems. They are used in a wide range of industries, including oil and gas, chemical, petrochemical, and manufacturing.
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Types of pressure relief valves:
There are several types of pressure relief valves, each designed for a specific application. The most common types of pressure relief valves include:
Spring-loaded pressure relief valves: Spring-loaded pressure relief valves are the most common type of pressure relief valve. They consist of a spring-loaded disc that is held against the valve seat by a spring. When the pressure in the system exceeds the set pressure, the spring is compressed, and the disc lifts off the seat, allowing the excess pressure to be vented.
Pilot-operated pressure relief valves: Pilot-operated pressure relief valves are used in systems that require a high level of accuracy and reliability. They consist of a pilot valve that is connected to a control line, which is in turn connected to the system being protected. When the pressure in the system exceeds the set pressure, the pilot valve opens, allowing the main valve to lift off the seat and vent the excess pressure.
Balanced bellows pressure relief valves: Balanced bellows pressure relief valves are used in systems that require a high level of sensitivity and accuracy. They consist of a bellows that is connected to the valve stem and the system being protected. When the pressure in the system exceeds the set pressure, the bellows expands, lifting the valve off the seat and allowing the excess pressure to be vented.
Buckling pin pressure relief valves: Buckling pin pressure relief valves are used in systems that require a high level of accuracy and reliability. They consist
How do pressure relief valves work?
The working principle of pressure relief valves varies depending on their type. However, most pressure relief valves work by sensing the system pressure and opening when the pressure exceeds the set pressure. When the valve opens, the excess pressure is released, preventing damage to the equipment and pipelines.
Spring-loaded pressure relief valves work by sensing the system pressure and compressing the spring when the pressure exceeds the set pressure. The spring compresses, and the disc lifts off the seat, allowing the excess pressure to be released.
Pilot-operated pressure relief valves work by sensing the system pressure and sending a signal to the main valve to open or close. When the main valve opens, the excess pressure is released, preventing damage to the equipment and pipelines.
Bellows pressure relief valves work by sensing the system pressure and compressing the bellows when the pressure exceeds the set pressure. The bellows compresses, and the stem lifts the disc off the seat, allowing the excess pressure to be released.
Balanced bellows pressure relief valves work by sensing the system pressure and compressing the balanced bellows when the pressure exceeds the set pressure. The balanced bellows compresses, and the stem lifts the disc off the seat, allowing the excess pressure to be released.
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Applications of pressure relief valves:
Pressure relief valves have several applications in various industries, including chemical, petrochemical, oil and gas, and pharmaceuticals. They are used in equipment and pipelines that handle high-pressure fluids, gases, and steam. Some of the common applications of pressure relief valves include:
Boiler systems: Pressure relief valves are used in boiler systems to prevent overpressure and protect the boiler from damage.
Pressure vessels: Pressure relief
Key Benefits For Stakeholders
This report provides a quantitative analysis of the pressure relief valves market overview, segments, current trends, estimations, and dynamics of the pressure relief valves market analysis from 2021 to 2031 to identify the prevailing pressure relief valves market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the pressure relief valves market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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