Global Safety Valves Market is valued approximately USD 4365.5 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.29% over the forecast period 2022-2028. A safety valve is a valve that acts as a fail-safe, it is highly adopted for a predetermined pressure to safeguard equipment from unsafe pressure. Additionally, these valves are designed to release some substance automatically from a pressure vessel, boiler, or other systems, when the temperature or pressure exceeds current limits. The increasing demand and investment from the oil & gas sector, growth in nuclear energy generation, and development of the process industry are the several factors that are excelling the growth of the market across the globe. For instance, according to Statista, in 2020, the total investment in oil and gas was accounted for around USD 270 billion which is continuously growing and expected to reach USD 307 billion by 2022. Consequentially, the rising investment in the oil and gas sector is positively influencing the growth of the global market in the approaching years. However, higher fabrication cost impedes the growth of the market over the forecast period of 2022-2028. Also, the ever-increasing need for safety valves across various industrial sectors and the introduction of favorable initiatives by the key players are anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Safety Valves Market study include: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share of around USD 2072.4 million owing to the rising demand from various end user industries such as, food & beverages, pharmaceutical, oil & gas, energy and others. Moreover, Asia-Pacific is anticipated to exhibit the highest CAGR of 5.01% over the forecast period 2022-2028. Factors such as availability of various government initiatives and imposition of stringent policies and regulations, would create lucrative growth prospects for the Safety Valves Market across the Asia-Pacific region.
Major market players included in this report are:
- Emerson
- Weir Group
- Forbes Marshall
- Curtiss-Wright Corporation
- Schlumberger
- Bosch Rexroth
- Baker Hughes
- IMI PLC
- Alfa Laval
- Leser
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
- Steel
- Cast Iron
- Alloy
- Cryogenic
- Others
By Size:
- up to 1"
- 1" to 6"
- 6" to 25"
- 25" to 50"
- 50" and Larger
By Industry:
- Oil & Gas
- Energy & Power
- Chemicals
- Water & Wasterwater
- Building & Construction
- Pharmaceuticals
- Agriculture
- Metal & Mining
- Paper & Pulp
- Food & Beverages
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Safety Valves Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Safety Valves Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Safety Valves Market, by Material, 2020-2028 (USD Million)
- 1.2.3. Safety Valves Market, by Size, 2020-2028 (USD Million)
- 1.2.4. Safety Valves Market, by Industry, 2020-2028 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Safety Valves Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Safety Valves Market Dynamics
- 3.1. Safety Valves Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand and investment from oil & gas sector
- 3.1.1.2. Growth in nuclear energy generation
- 3.1.2. Market Challenges
- 3.1.2.1. Higher fabrication cost
- 3.1.3. Market Opportunities
- 3.1.3.1. Ever increasing need for safety valve across various industrial sectors
- 3.1.3.2. Introduction of favourable initiatives by the key players
Chapter 4. Global Safety Valves Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Safety Valves Market, by Material
- 6.1. Market Snapshot
- 6.2. Global Safety Valves Market by Material, Performance - Potential Analysis
- 6.3. Global Safety Valves Market Estimates & Forecasts by Material 2018-2028 (USD Million)
- 6.4. Safety Valves Market, Sub Segment Analysis
- 6.4.1. Steel
- 6.4.2. Cast Iron
- 6.4.3. Alloy
- 6.4.4. Cryogenic
- 6.4.5. Others
Chapter 7. Global Safety Valves Market, by Size
- 7.1. Market Snapshot
- 7.2. Global Safety Valves Market by Size, Performance - Potential Analysis
- 7.3. Global Safety Valves Market Estimates & Forecasts by Size 2018-2028 (USD Million)
- 7.4. Safety Valves Market, Sub Segment Analysis
- 7.4.1. Up to 1"
- 7.4.2. 1" to 6"
- 7.4.3. 6" to 25"
- 7.4.4. 25" to 50"
- 7.4.5. 50" and Larger
Chapter 8. Global Safety Valves Market, by Industry
- 8.1. Market Snapshot
- 8.2. Global Safety Valves Market by Industry, Performance - Potential Analysis
- 8.3. Global Safety Valves Market Estimates & Forecasts by Industry 2018-2028 (USD Million)
- 8.4. Safety Valves Market, Sub Segment Analysis
- 8.4.1. Oil & Gas
- 8.4.2. Energy & Power
- 8.4.3. Chemicals
- 8.4.4. Water & Wasterwater
- 8.4.5. Building & Construction
- 8.4.6. Pharmaceuticals
- 8.4.7. Agriculture
- 8.4.8. Metal & Mining
- 8.4.9. Paper & Pulp
- 8.4.10. Food & Beverages
- 8.4.11. Others
Chapter 9. Global Safety Valves Market, Regional Analysis
- 9.1. Safety Valves Market, Regional Market Snapshot
- 9.2. North America Safety Valves Market
- 9.2.1. U.S. Safety Valves Market
- 9.2.1.1. Material estimates & forecasts, 2018-2028
- 9.2.1.2. Size estimates & forecasts, 2018-2028
- 9.2.1.3. Industry estimates & forecasts, 2018-2028
- 9.2.2. Canada Safety Valves Market
- 9.3. Europe Safety Valves Market Snapshot
- 9.3.1. U.K. Safety Valves Market
- 9.3.2. Germany Safety Valves Market
- 9.3.3. France Safety Valves Market
- 9.3.4. Spain Safety Valves Market
- 9.3.5. Italy Safety Valves Market
- 9.3.6. Rest of Europe Safety Valves Market
- 9.4. Asia-Pacific Safety Valves Market Snapshot
- 9.4.1. China Safety Valves Market
- 9.4.2. India Safety Valves Market
- 9.4.3. Japan Safety Valves Market
- 9.4.4. Australia Safety Valves Market
- 9.4.5. South Korea Safety Valves Market
- 9.4.6. Rest of Asia Pacific Safety Valves Market
- 9.5. Latin America Safety Valves Market Snapshot
- 9.5.1. Brazil Safety Valves Market
- 9.5.2. Mexico Safety Valves Market
- 9.6. Rest of The World Safety Valves Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Emerson
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Weir Group
- 10.2.3. Forbes Marshall
- 10.2.4. Curtiss-Wright Corporation
- 10.2.5. Schlumberger
- 10.2.6. Bosch Rexroth
- 10.2.7. Baker Hughes
- 10.2.8. IMI PLC
- 10.2.9. Alfa Laval
- 10.2.10. Leser
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption