Safety Valves Market by Type (Dead Weight Safety Valves, Pilot Operated Safety Valves, Spring Loaded Safety Valves, Other Types), End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Safety Valves Market Size

The safety valves market size was valued at $5.21 billion in 2023 and is projected to reach $7.19 billion by 2029, growing at a CAGR of 5.5% from 2023 to 2029.

Safety Valves Market Overview

Safety valves are crucial devices designed to prevent excessive pressure buildup within enclosed systems, particularly in industrial settings such as manufacturing plants or steam boilers. Functioning as a protective mechanism, safety valves automatically release excess pressure by opening when the pressure inside the system surpasses a predetermined safety threshold. This action helps to prevent potential catastrophic failures, explosions, or damage to equipment. Safety valves are commonly used in various industries where the control of pressure is vital for maintaining the integrity and safety of systems. They come in different types and configurations to suit specific applications, ensuring the reliable and automatic relief of excess pressure to safeguard both equipment and personnel from the risks associated with overpressure situations.

Market Dynamics:

Growth Drivers

• Rising demand for natural gas as a fuel source.
• Technological developments in safety valve materials.

Constraints

• High cost of safety valves.
• Presence of inexpensive substitutes.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Based on type, the market is bifurcated into dead weight safety valves, pilot operated safety valves, spring loaded safety valves, and other types.

By end user, the market is fragmented into chemicals, manufacturing, oil & gas, power generation, and other end users.

List of the Key Players Profiled in the Report Includes:

• Emerson Electric Co.
• Curtiss-Wright Corporation
• Yokogawa Electric Corporation
• Farris Engineering
• IMI Plc
• Larsen & Toubro Limited
• Schlumberger Limited
• Spirax-Sarco Engineering plc
• Swagelok Company
• Weir Group Plc

Market by, Geography:

The safety valves market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

The report “Global Safety Valves Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Safety Valves Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Safety Valves Market by, Type 
 6.1 Overview 
 6.2 Dead Weight Safety Valves 
 6.3 Pilot Operated Safety Valves 
 6.4 Spring Loaded Safety Valves 
 6.5 Other Types 
 
7 Global Safety Valves Market by, End User 
 7.1 Overview 
 7.2 Chemicals 
 7.3 Manufacturing 
 7.4 Oil & Gas 
 7.5 Power Generation 
 7.6 Other End Users 
 
8 Global Safety Valves Market by, Geography 
 8.1 Overview 
 8.2 North America 
 8.2.1 US
 8.2.2 Canada
 8.2.3 Mexico
 8.3 Europe 
 8.3.1 Germany
 8.3.2 France
 8.3.3 UK
 8.3.4 Italy
 8.3.5 Spain
 8.3.6 Rest of Europe
 8.4 Asia Pacific 
 8.4.1 China
 8.4.2 Japan
 8.4.3 India
 8.4.4 South Korea
 8.4.5 Australia
 8.4.6 New Zealand
 8.4.7 Rest of Asia Pacific
 8.5 South America 
 8.5.1 Brazil
 8.5.2 Argentina
 8.5.3 Chile
 8.5.4 Rest of South America
 8.6 Middle East & Africa 
 8.6.1 UAE
 8.6.2 Saudi Arabia
 8.6.3 Qatar
 8.6.4 Iran
 8.6.5 South Africa
 8.6.6 Rest of Middle East & Africa
 
9 Key Developments 
 
10 Company Profiling 
 10.1 Emerson Electric Co. 
 10.1.1 Business Overview
 10.1.2 Product/Service Offering
 10.1.3 Financial Overview
 10.1.4 SWOT Analysis
 10.1.5 Key Activities
 10.2 Curtiss-Wright Corporation 
 10.3 Yokogawa Electric Corporation 
 10.4 Farris Engineering 
 10.5 IMI Plc 
 10.6 Larsen & Toubro Limited 
 10.7 Schlumberger Limited 
 10.8 Spirax-Sarco Engineering plc 
 10.9 Swagelok Company 
 10.10 Weir Group Plc