Global Spring-loaded Safety Valves Market Insights, Forecast to 2028

A safety device is designed to protect a pressurized vessel or system during an overpressure event. An overpressure event refers to any condition which would cause pressure in a vessel or system to increase beyond the specified design pressure or maximum allowable working pressure (MAWP). The primary purpose of a pressure relief valve is protection of life and property by venting fluid from an overpressurized vessel. The spring-loaded pressure relief valve is a conventional pressure relief valve that is commonly used in liquid service valves. The valve opens proportionally as the pressure increases to overcome the spring pressure.
Market Analysis and Insights: Global Spring-loaded Safety Valves Market
Due to the COVID-19 pandemic, the global Spring-loaded Safety Valves market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Low Pressure Valve accounting for % of the Spring-loaded Safety Valves global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Oil and Gas segment is altered to an % CAGR throughout this forecast period.
China Spring-loaded Safety Valves market size is valued at US$ million in 2021, while the US and Europe Spring-loaded Safety Valves are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Spring-loaded Safety Valves landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Spring-loaded Safety Valves include General Electric, Emerson Electric, Weir, Curtiss-Wright, Watts, Alfa Laval, CIRCOR, IMI and Aalberts, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Spring-loaded Safety Valves capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Spring-loaded Safety Valves by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Spring-loaded Safety Valves Scope and Segment
Spring-loaded Safety Valves market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Spring-loaded Safety Valves market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Low Pressure Valve
Medium Pressure Valve
High Pressure Valve
Segment by Application
Oil and Gas
Chemical
Power Generation
Paper Industry
Other
By Company
General Electric
Emerson Electric
Weir
Curtiss-Wright
Watts
Alfa Laval
CIRCOR
IMI
Aalberts
Parker
Flow Safe
Mercury Manufacturing
Control Devices
AGF Manufacturing
Goetze KG Armaturen
Aquatrol
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE