Press release
Australian Pressure Safety Valve Market Research Analysis Released in Latest Industry Report by 2025
Australian Pressure Safety Valve Market
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. Oil & gas dominated the Australian pressure safety valve market, accounting for around one-third share of the total revenue.
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Driving Factors:
The Australian pressure safety valve market is majorly driven by an upsurge in the industrial spending in respective end-user industries and an increase in industrial production capabilities. In addition, availability of abundant natural resources and limited demand from the Australian market continue to drive the growth among the Australian end-user industries.
All of these are anticipated to drive the market growth during the forecast period. However, the rising technological capabilities in fast-growing economies in South-East Asian countries are expected to hinder the industrial spending and limit the market growth across certain end-user industries in Australia, such as chemicals, textile, construction, and others.
Safety valves have substantial applications in steam boilers, heating boilers, industrial equipment, machinery, and OEM applications across various industry verticals. As a result, on the basis of the end-user industry, the market is broadly classified into oil & gas, power & energy, healthcare & pharmaceutical, water supply system, and others.
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Top Players:
The major players in the global Australian pressure safety valve market have been focusing on new product development to gain a strong foothold in the market. The key players profiled in the report include Emerson Electric Co., Spirax Sarco Pty. Limited., Cebeco, Score Pacific PLC, Callidus Group, LESER, Powerflo Solutions, Mercer Valve Co., Inc., Western Process Controls, Bourke Valves, and others.
Key Segments Based On:
By Offering -
Safety Valve
Safety Valve Component
By Safety Valve Type -
Spring Operated Valve
Pilot Operated Valve
Dead Weight Valve
By End-user Industry -
Oil & Gas
Power & Energy
Healthcare & Pharmaceutical
Water Supply System
Others
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