About Fire Safe Valves
The global Fire Safe Valves market is expected to witness high growth in the forecasted period due to rising awareness among consumers related to the protection. Fire Safe Valves are the valves that are used to control the water flow when any fire break out occurs. These are manufactured by using high-grade quality materials. Fire Safe Valves are offered with some important features like reliability, rugged construction, and long service life. The various applications assessed include aerospace & defense, automobile, oil & gas, mining, water treatment, chemical & petrochemical industry, pulp & paper, food & beverage, power generation, commercial, industrial, and others. A broad range application is in the oil & gas sector where applications that are currently being explored include safety precautions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 7.6% |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.The Capital Expenditure of Major Companies for the Development of Valves has also Escalated Significantly Since the Last Decade Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Fire Safe Valves market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Marwin Valve (United States), Akron Brass Company (United States), Sure Flow valves (United States), Angus Fire Ltd. (United Kingdom), J D Controls (India), American AVK Company (United States), Habonim (United States) and Shanghai Best Automation Technology Ltd (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Modentic Valves (Taiwan), China Valves Technology (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Fire Safe Valves market by Type (Single Piece Design , Two-Piece Design and Three Piece Design), Application (Oil & Gas , Power Industry , Steel Industry and Others) and Region.
On the basis of geography, the market of Fire Safe Valves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online Distribution Channel will boost the Fire Safe Valves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Demand due to Various Advancement in Protection System and High Demand due to Applications in Various End-User Industries
Market Growth Drivers:
The Growing Awareness among Consumers Regarding Fire-Safe Valves and The Increasing Demand in Developing Countries
Restraints:
The Fluctuating Prices of Raw Materials
Opportunities:
Growth of Industrial and Infrastructural Activities across the World and Technological Advancement associated with the Fire-Safe Valves
Market Leaders and their expansionary development strategies
In October 2023, AVK Group acquired 100% interest in the Bayard and Belgicast Groups of companies with businesses in Spain, France, Italy, Portugal, and China. The acquisition includes the companies: Bayard S.A.S, Belgicast International S.L., and Talis Flow Control (Shanghai) Co. Ltd. as well as the sales companies in Italy (Belgicast Italia S.r.l.) and Portugal (Industra – Comercio de Equipamentos Industriais S.A.).
In August 2023, Assured Automation, a leading provider of automated valves and flow components, announced the launch of its new product. The TSV Series integrates innovative technology and rigorous safety standards to deliver valves that are reliable, easy to maintain, and supremely functional, all while keeping safety at the forefront.
Key Target Audience
Fire Safe Valves Manufactures, Fire Safe Valves Suppliers, Fire Safe Valves Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.