Report forecast the global pressure relief valves
market to grow at a CAGR of 1.65% during the period 2016-2020.
Pressure relief valves help to release the pressure
from a pressurized vessel when the force exerted on the disc exceeds the process
inlet force. The oil and gas, power, chemical, food and beverages, pulp and
paper, and pharmaceuticals industries require the installation of pressure
relief valves in their primary production systems to control the excess
pressure generated by the flow of fluids, gas, or steam; the absence of which
can lead to overall system failure.
Different types of pressure relief valves are used
based on the needs and demands of the production process. Pressure relief
valves increase the operational efficiencies of the industrial production
process. They also enhance safety measures when used in process industries.
The report covers the present scenario and the
growth prospects of the global pressure relief valves market for 2016-2020. To
calculate the market size, the report considers revenue generated from the
sales of valves during the forecast period.
The market is divided into the following
segments based on geography:
- Americas
- APAC
- EMEA
According to the report, the Indian petrochemical
and chemical industry has been growing significantly due to increased demand
from the process, manufacturing, and agricultural sectors. Petrochemical and
chemical plants include methanol plants, ethylene plants, and fertilizer
production plants. The requirement for pressure relief valves in these plants
is diverse, such as for high pressure and backpressure, protection from thermal
expansion, and small and large capacities. For all applications, there are high
demands placed on inspection and documentation.
Further, the report states that the threat from
low-cost vendors restricts the entry of international vendors in developing
countries, especially in APAC, limiting the growth of the global market.
Global Pressure Relief Valves Market 2016-2020,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the Global Pressure Relief Valves
Market: Curtiss-Wright, GE, LESER, Pentair and Weir Group.
Other Prominent Vendors in the market are: Alfa
Laval, Bopp & Reuther Sicherheits-und Regelarmaturen, Crane, Emerson
Electric, Flowserve, IMI, Neway Valve (Suzhou), Valvitalia Group, Velan and
Watts Water Technologies.
Market driver
- Increased demand from petrochemical and chemical industry in India
- For a full, detailed list, view our report
Market challenge
- Escalating price wars among vendors and threat from local players
- For a full, detailed list, view our report
Market trend
- Growing gas infrastructure in China
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 59 pages and 25 Exhibit “Global
Pressure Relief Valves Market 2016 - 2020” report covers Executive summary, Scope
of the report, Market research methodology, Introduction, Market Overview,
Market Landscape, Market segmentation by end-user, Geographical segmentation,
Key leading countries, Market drivers, Impact of drivers, Market challenges,
Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor
analysis, Appendix.
For
more information Visit at: http://mrr.cm/J4h
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