According to a recent research report titled “Safety Valve Market (By Type: Spring-loaded Pressure-relief Valves, Dead-Weight Pressure-relief Valves, Pilot-operated Pressure-relief Valves; By Material: Cryogenic, Stainless Steel, Alloy, Cast Iron; By End Use Industry: Oil Gas, Water Wastewater, Energy Power, Pharmaceuticals, Paper Pulp, Agriculture, Metal Mining) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032″ published by Precedence Research, the global safety valve market size is projected to touch around USD 3.34 billion by 2032 and growing at a CAGR of 4.8% over the forecast period 2023 to 2032. This comprehensive study examines various factors and their impact on the growth of the safety valve market.
Key Takeaways
- Asia Pacific contributed more than 35% of revenue share in 2022.
- Europe is estimated to expand the fastest CAGR between 2023 and 2032.
- By Type, the spring-loaded pressure-relief valves segment has the largest market share of 48% in 2022.
- By Type, the pilot-operated pressure-relief valves segment is anticipated to grow at a remarkable CAGR of 7.8% between 2023 and 2032.
- By Material, the cryogenic segment generated over 36% of revenue share in 2022.
- By Material, the stainless-steel segment is expected to expand at the fastest CAGR over the projected period.
- By End-use Industry, the oil & gas segment had the largest market share of 42% in 2022.
- By End-use Industry, the energy power segment is expected to expand at the fastest CAGR over the projected period.
The report primarily focuses on the volume and value of the safety valve market at the global, regional, and company levels. At the global level, the report analyzes historical data and future prospects to present an overview of the overall market size. Regionally, the study emphasizes key regions such as North America, Europe, the Middle East & Africa, Latin America, and others.
Furthermore, the research report provides specific segmentations based on regions (countries), companies, and all market segments. This analysis offers insights into the growth and revenue trends during the historical period of 2017 to 2032, as well as the projected period. By understanding these segments, it becomes possible to identify the significance of different factors that contribute to market growth.
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The research also highlights significant progressions in both organic and inorganic growth strategies within the global safety valve market. Numerous companies are placing emphasis on new product launches, gaining product approvals, and implementing various business expansion tactics. Moreover, the report presents detailed profiles of firms operating in the safety valve market, along with their respective market strategies. Additionally, the study concentrates on prominent industry participants, furnishing details such as company profiles, product offerings, financial updates, and noteworthy advancements.
Safety Valve Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 2.19 Billion |
| Market Size by 2032 | USD 3.34 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.8% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type, By Material, By End Use Industry |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Also read: RF Interconnect Market Size To Grow USD 77.49 Billion by 2032
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.
Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Market Key Players
The report incorporates company profiles of key players in the market. These profiles encompass vital information such as product portfolio, key strategies, and a comprehensive SWOT analysis for each player. Additionally, the report presents a matrix illustrating the presence of each prominent player, enabling readers to gain actionable insights. This facilitates a thoughtful assessment of the market status and aids in predicting the level of competition in the safety valve market.
Safety Valve Market Players
- Emerson Electric Co.
- Honeywell International Inc.
- Baker Hughes Company
- Schlumberger Limited
- Cameron International Corporation
- CIRCOR International, Inc.
- Spirax-Sarco Engineering plc
- IMI plc
- Flowserve Corporation
- LESER GmbH & Co. KG
- Velan Inc.
- Forbes Marshall
- Weir Group plc
- Curtiss-Wright Corporation
- Anderson Greenwood Crosby
Market Segmentations
By Type
- Spring-loaded Pressure-relief Valves
- Dead-Weight Pressure-relief Valves
- Pilot-operated Pressure-relief Valves
By Material
- Cryogenic
- Stainless Steel
- Alloy
- Cast Iron
By End Use Industry
- Oil Gas
- Water Wastewater
- Energy Power
- Pharmaceuticals
- Paper Pulp
- Agriculture
- Metal Mining
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Table of Contents:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Safety Valve Market
5.1. COVID-19 Landscape: Safety Valve Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Safety Valve Market, By Type
8.1. Safety Valve Market Revenue and Volume, by Type, 2023-2032
8.1.1 Spring-loaded Pressure-relief Valves
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Dead-Weight Pressure-relief Valves
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Pilot-operated Pressure-relief Valves
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Safety Valve Market, By Material
9.1. Safety Valve Market Revenue and Volume, by Material, 2023-2032
9.1.1. Cryogenic
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Stainless Steel
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Alloy
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Cast Iron
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Safety Valve Market, By End Use Industry
10.1. Safety Valve Market Revenue and Volume, by End Use Industry, 2023-2032
10.1.1. Oil Gas
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Water Wastewater
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Energy Power
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
10.1.4. Pharmaceuticals
10.1.4.1. Market Revenue and Volume Forecast (2020-2032)
10.1.5. Paper Pulp
10.1.5.1. Market Revenue and Volume Forecast (2020-2032)
10.1.6. Agriculture
10.1.6.1. Market Revenue and Volume Forecast (2020-2032)
10.1.7. Metal Mining
10.1.7.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Safety Valve Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by End Use Industry (2020-2032)
Chapter 12. Company Profiles
12.1. Emerson Electric Co.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Honeywell International Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Baker Hughes Company
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Schlumberger Limited
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Cameron International Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. CIRCOR International, Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Spirax-Sarco Engineering plc
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. IMI plc
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Flowserve Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. LESER GmbH & Co. KG
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Why should you invest in this report?
This report presents a compelling investment opportunity for those interested in the global safety valve market. It serves as an extensive and informative guide, offering clear insights into this niche market. By delving into the report, you will gain a comprehensive understanding of the various major application areas for safety valve. Furthermore, it provides crucial information about the key regions worldwide that are expected to experience substantial growth within the forecast period of 2023-2030. Armed with this knowledge, you can strategically plan your market entry approaches.
Moreover, this report offers a deep analysis of the competitive landscape, equipping you with valuable insights into the level of competition prevalent in this highly competitive market. If you are already an established player, it will enable you to assess the strategies employed by your competitors, allowing you to stay ahead as market leaders. For newcomers entering this market, the extensive data provided in this report is invaluable, providing a solid foundation for informed decision-making.
Some of the key questions answered in this report:
- What is the size of the overall Safety valve market and its segments?
- What are the key segments and sub-segments in the market?
- What are the key drivers, restraints, opportunities and challenges of the Safety valve market and how they are expected to impact the market?
- What are the attractive investment opportunities within the Safety valve market?
- What is the Safety valve market size at the regional and country-level?
- Who are the key market players and their key competitors?
- What are the strategies for growth adopted by the key players in Safety valve market?
- What are the recent trends in Safety valve market? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the Safety valve market growth?
- What are the key market trends impacting the growth of Safety valve market?
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