Pressure Relief Valves Market Size-By Product Type, By Set Pressure, By End User-Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Pressure Relief Valves Market Size-By Product Type, By Set Pressure, By End User-Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global Pressure Relief Valves Market Overview

According to SPER Market Research, the Global Pressure Relief Valves Market is estimated to reach USD 7.40 billion by 2032 with a CAGR of 4.84%. Application programming interfaces (APIs) are tested both directly and as part of integration A safety valve called a relief valve, often referred to as a pressure relief valve (PRV), is used to control or limit the pressure in a system. Without it, pressure could build up and lead to a process upset, instrument or equipment failure, or fire.

Impact of COVID-19 on the Global Pressure Relief Valves Market

In light of the global lockdown caused by the COVID-19 pandemic, some goods in the pressure relief valves sector were no longer produced. The market for pressure relief valves was restricted as a result. Pressure relief valve sales were impacted by COVID-19, and market expansion is likely to suffer as a result. Although sales of pressure relief valves were drastically reduced in the early stages of the epidemic, the market is anticipated to rebound strongly in the years to come when activities in the global manufacturing sector reach threshold levels.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032

Segments covered By Product Type, By Set Pressure, By End User.

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered ALFA Laval AB, Baker Hughes, CIRCOR International Inc., Curtiss-Wright Corporation, Emerson Electric Co., IMI plc, Mercer Valve Co. Inc., Parker Hannifin Corp.

Global Pressure Relief Valves Market Segmentation:

By Product Type: Based on the Product Type, Global Pressure Relief Valves Market is segmented as; Spring Loaded Pressure Relief Valves, Pilot operated Pressure Relief Valves, Dead Weight Pressure Relief Valves, P&T Actuated Pressure Relief Valves.

By Set Pressure: Based on the Set Pressure, Global Pressure Relief Valves Market is segmented as; Low Pressure Relief Valves, Medium Pressure Relief Valves, High Pressure Relief Valves.