Pressure Relief Valve (PRV) Market
Pressure Relief Valve (PRV) Market Global Industry Assessment & Forecast
#
Pages:
170
2021
Nov - 2021
VMR-2021-0303
Segments Covered
By
Type High Pressure Relief Valves, Medium Pressure Relief Valves, Low Pressure Relief Valves
-
By
Application Oil and Gas, Chemical Processing Industry, Paper and Pulp Industry, Food and Beverage Industry, Pharmaceutical Industry, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
3.6 Billion |
 Revenue 2028:
|
5.6 Million |
 Revenue CAGR
(2021 - 2028): |
3.4 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type Analysis: Preview
On the basis of Type, the market is segmented into High Pressure Relief Valves, Medium Pressure Relief Valves, Low Pressure Relief Valves. Hot rolled Steel pipes held the highest share in the global Pressure Relief Valve (PRV) market and is projected to witness the same trend during the forecast period.
Application Analysis: Preview
Based on Application, the market is segmented into Oil and Gas, Chemical Processing Industry, Paper and Pulp Industry, Food and Beverage Industry, Pharmaceutical Industry, Others. Oil & Gas accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Analysis: Preview
Based on , the market is segmented into . dominates the global Pressure Relief Valve (PRV) market and is expected to continue the same trend from 2021 to 2028.
Global Pressure Relief Valve (PRV) Market: Type Segment Analysis
-
- High Pressure Relief Valves
- Medium Pressure Relief Valves
- Low Pressure Relief Valves
Global Pressure Relief Valve (PRV) Market: Application Segment Analysis
-
- Oil and Gas
- Chemical Processing Industry
- Paper and Pulp Industry
- Food and Beverage Industry
- Pharmaceutical Industry
- Others
FAQ
Frequently Asked Question
What is the global demand for Pressure Relief Valve (PRV) in terms of revenue?
-
The global Pressure Relief Valve (PRV) valued at 3.6 Billion in 2020 and is expected to reach 5.6 Million in 2028 growing at a CAGR of 3.4%.
Which are the prominent players in the market?
-
The prominent players in the market are Pentair, IMI, Conbarco Industries, Curtiss Wright, Weir Group, Alfa Laval, Velan, Flow Safe, LESER, GE, Goetze KG Armaturen, Watts Water Technologies..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.4% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Pressure Relief Valve (PRV) include
- Rapidly growing health and safety concerns across all industry verticals is drivng factor for Pressure Relief Valve (PRV) Market.
- Growth and reviving oil & gas in chemical industry for manufacturing is drivng the demand for Pressure Relief Valve (PRV) Market.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Pressure Relief Valve (PRV) in 2020.
