Press release
Pressure Relief Valves Market: Market Size Estimation, Industry Trends, Analysis, and Forecast 2022 - 2031
As per the report, the global 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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The report is a helpful resource for firms and individuals wanting to grasp current market trends and prospects in the pressure relief valves industry. It offers a comprehensive analysis of the pressure relief valves market, empowering professionals in the industry, equipment manufacturers, established participants, and new ventures with up-to-date market intelligence. It covers all major factors such as drivers, restraints, opportunities, supply chain analysis, competitiveness, economic growth, competitive landscape, and top segments.
The report provides a detailed examination of the key players in the pressure relief valves market. The top players profiled in the report are Curtis-Wright Corp, The Weir Group PLC, General Electric, AGF Manufacturing, Inc., Alfa Laval, Watts Water Technologies, Inc., Goetze KG Armaturen, Emerson Electric Co., Mercury Manufacturing Company Ltd., IMI plc. To expand their business and adapt to the evolving technological needs of different industries, pressure relief valves manufacturers adopted various tactics such as partnerships, collaborations, new products launch, and business expanding into different regions.
A thorough segmentation analysis is also added to the report. The global pressure relief valve market is segmented on the basis of valve type, pressure, end user, and region. Based on valve type, the market is divided into spring loaded, pilot loaded, dead weight and p and t actuated. Based on pressure, the market is divided into low, medium and high. Based on end user industry, the market is divided into oil & gas, chemical, power generation, food & beverage, manufacturing and water & wastewater. Region wise, the global pressure relief valve market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
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The research report also elaborates the impact of COVID-19 pandemic on the global pressure relief valve market. The pandemic hampered the pressure relief valve market growth in 2020. The implementation of the stringent lockdown and travel restrictions led to temporary shutdown of industrial and manufacturing facilities and severely disrupted the supply chain. Nevertheless, the market has already recovered in the post-pandemic.
By Pressure: Low
High
Medium
By End User
Oil and Gas
ChemicalPower
GenerationFood and BeverageManufacturing
https://www.alliedmarketresearch.com/pressure-relief-valves-market-A16110
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