by The global safety valve market size was estimated to be around US$ 2.1 billion in 2022. It is projected to reach US$ 3.34 billion by 2032, indicating a CAGR of 4.8% from 2023 to 2032.
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 market research report on the Safety valve market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Safety valve products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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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 |
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The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global Safety valve market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Safety valve market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Safety valve products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the Safety valve market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on Safety valve market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Safety valve market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
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 CONTENT
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
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