Pressure Relief Valve (PRV) Market

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Pressure Relief Valves are used to control the pressure in a system in case of a process upset, or equipment failure. The extra pressure in the systems is relieved through an auxiliary passage. A typical pressure relief valve is designed to operate at a predetermined set pressure to assist in protecting other vessels and equipment from being subjected to unsafe pressure. If the pressure in the system exceeded the relief valve automatically becomes the passage of least resistance and helps retain the pressure.

Market Intelligence Report Pressure Relief Valve (PRV)

Market, 2017-2027

May 2017

Report Id : REP-GB-3779

Status : Ongoing

Category : Industrial Automation and Equipment

©2015 Future Market Insights, All Rights Reserved


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Pressure Relief Valve (PRV) Market

Pressure Relief Valves are used to control the pressure in a system in case of a process upset, or

equipment failure. The extra pressure in the systems is relieved through an auxiliary passage. A typical

pressure relief valve is designed to operate at a predetermined set pressure to assist in protecting other

vessels and equipment from being subjected to unsafe pressure. If the pressure in the system exceeded

the relief valve automatically becomes the passage of least resistance and helps retain the pressure.

Pressure relief valves finds application in a variegated range of industries ranging from F&B,

Pharmaceuticals, Oil & Gas, Power and Paper & Pulp.

Due to sluggish growth rate among most of these industries, the global pressure relief valves market is

expected to expand with a moderate CAGR over the forecast period.

Pressure Relief Valves Market: Drivers & Restraints

The prime factor boosting the growth in the global pressure relief valves market is the reviving oil & gas

and chemical industry, coupled with the rapidly growing industrialization efforts in the developing world.

As companies relocate their manufacturing plants and set up new units across different geographies as

per supply-demand scenario, demand for pressure relief valves is bound to increase. Increasing

preference towards nuclear power generation particularly from countries such as India and China will

also drive the demand for pressure relief valves. Furthermore, as most of the refineries showing plans for

capacity expansion in near future, demand for pressure relief valves is anticipated to significantly

increase. Rapidly increasing health and safety concerns across all industry verticals is another factor that

is pushing existing industries to replace their legacy systems and upgrade to the new ones, thus fuelling

more demand in the global pressure relief valves market.

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Pressure Relief Valve (PRV) Market

Pressure Relief Valves Market: Market Segmentation

The Pressure Relief Valves market is segmented into three parts based on product type, set pressure and end

use industry:

Based on product type, the Pressure Relief Valves market is segmented into:

• Spring loaded Pressure Relief Valves

• Pilot operated Pressure Relief Valves

• Dead weight Pressure Relief Valves

• Others

Based on set pressure, the Pressure Relief Valves market is segmented into:

• High Pressure

• Medium Pressure

• Low Pressure

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Pressure Relief Valve (PRV) Market

Based on end use industry, the Pressure Relief Valves market is segmented into:

• Oil and Gas

• Upstream

• Midstream

• Downstream

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• Chemical Processing Industry

• Power Industry

• Paper and Pulp Industry

• Textile Industry

• Food and Beverage Industry

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Pressure Relief Valve (PRV) Market

• Plastic Industry

• Leather Industry

• Fertilizers and Pesticides

• Pharmaceutical Industry

• Others

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Pressure Relief Valves Market: Regional Outlook

Geographically, pressure relief valves market has been categorized into seven key regions including North

America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa.

North America is anticipated to dominate the global pressure relief valves market, amid, large number of

chemical processing industries, and the rapidly expanding oil and gas production in the region. As oil and

gas companies in the region explore more and more unconventional energy resources such as shale gas

extraction, demand for pressure relief valves in the region is expected to remain high. Further, Western

Europe being a global leader in chemical production is also anticipated to continue providing vast

opportunity for pressure relief valves manufacturers.

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Pressure Relief Valve (PRV) Market

As, Asia Pacific Exc. Japan (APEJ) countries focus more on their domestic chemical production in turn relying less

on western imports, demand for pressure relief valves in the region is expected to rise significantly. Moreover,

on the backdrop of upcoming power generation projects inclusive of nuclear power plants in APEJ, the pressure

relief valve market of the region is expected to grow throughout the forecast period. The Middle East and

Africa’s pressure relief valves market is also anticipated to contribute significantly to the overall demand.

Further, as oil prices revive demand for pressure relief valves in the region is expected to grow gradually. Japan is

also a prominent region in terms of demand for pressure relief valves, however the growth rate is expected to

remain moderate throughout the forecast period.

Pressure Relief Valves Market Players

Some of the key players identified in Global Pressure Relief Valves market are:-

• Pentair Ltd.

• Weir Group PLC

• GE Co

• Curtiss Wright Corp.

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• LESER GmbH & Co. KG

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