Safety Valves MarketA Forecast Highlights Revenue Share Analysis Across Prime Geographies During the Forecast Period 2020 to 2027

The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.

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Competitive Rivalry of the Safety Valves Market:

The leading players in the safety valves market include Weir Group plc, Emerson Electric Co., Forbes Marshall, Curtiss-Wright Corporation, Schlumberger, Bosch Rexroth AG, Baker Hughes (A GE Company), IMI plc, LESER GmbH & Co. KG, Alfa Laval AB, among others.

Drivers of the Safety Valves Market:

The significant factors contributing to the growth of the safety valves market include the growing demand in the oil & gas sector, rising importance of safety valve across different industrial process such as water &wastewater treatment, chemical, energy & power, coupled with the rapid rise in nuclear energy generation. The increase in the oil & gas sector, particularly in the developing countries, coupled with rising growth in chemical processing, energy & power generation, paper & pulp, and pharmaceuticals sector is further fuelling the growth of the market. The increasing number of accident incidences across various industries is leading to an upsurge in the demand for safety valves for several industrial operations.

Various regulatory bodies’ initiatives aiming at growing operational safety and the huge need for high-performance pressure relief valves will further bolster the emerging demand of the market. In addition to this, the increasing usage of 3D printer in manufacturing and constant need for safety valve replacement will bring new growth opportunities in the market. On the other edge of the spectrum, the high cost of fabrication will hinder the growth of the safety valve market.

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Market Segmentation:

The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:

Breakup by Material:

Steel
Cast Iron
Cryogenic
Alloy
Others

Brass
Bronze
Plastic

Breakup by Size:

Up to 1”
1–6”
6–25”
25–50”
50” & Larger

Breakup by Industry:

Oil & Gas
Energy & Power
Chemicals
Water & Wastewater
Building & Construction
Pharmaceuticals
Agriculture
Metal & Mining
Paper & Pulp
Food & Beverages
Others

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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