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 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.
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<strong>Pressure</strong> <strong>Relief</strong> <strong>Valve</strong> (<strong>PRV</strong>) <strong>Market</strong><br />
As, Asia Pacific Exc. Japan (APEJ) countries focus more on their domestic chemical production in turn relying less<br />
on western imports, demand for pressure relief valves in the region is expected to rise significantly. Moreover,<br />
on the backdrop of upcoming power generation projects inclusive of nuclear power plants in APEJ, the pressure<br />
relief valve market of the region is expected to grow throughout the forecast period. The Middle East and<br />
Africa’s pressure relief valves market is also anticipated to contribute significantly to the overall demand.<br />
Further, as oil prices revive demand for pressure relief valves in the region is expected to grow gradually. Japan is<br />
also a prominent region in terms of demand for pressure relief valves, however the growth rate is expected to<br />
remain moderate throughout the forecast period.<br />
<strong>Pressure</strong> <strong>Relief</strong> <strong>Valve</strong>s <strong>Market</strong> Players<br />
Some of the key players identified in Global <strong>Pressure</strong> <strong>Relief</strong> <strong>Valve</strong>s market are:-<br />
• Pentair Ltd.<br />
• Weir Group PLC<br />
• GE Co<br />
• Curtiss Wright Corp.<br />
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• LESER GmbH & Co. KG<br />
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