Pressure Reducing Valve Market Scope
Pressure Reducing Valve (PRV) which is also known as the relief valve is used in maintaining the volatile pressure occurring through gas or liquid pipelines. The pressure is relieved by allowing the pressurized fluid to flow from an auxiliary passage out of the system. The relief valve is designed or set to open at a predetermined set pressure to protect pressure vessels and other equipment from being subjected to pressures that exceed their design limits. In addition to this increasing safety concerns in high-pressure gas pipelines has generated numerous opportunities for pressure reducing valves.
The market study is being classified, by Application (Steam Application, Gas Application and Liquid Application) and major geographies with country level break-up.
The Manufacturers having a strong hold in the market are Pentair, Curtiss-Wright, Classic Controls, Elster Group, and Emerson Electric. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Pressure Reducing Valve market throughout the predicted period.
Pentair plc (United States), Curtiss-Wright Corporation (United States), Classic Controls, Inc. (GE Mooney) (United States), Elster Group GmbH (United States), Emerson Electric Co. (United States), Weir Group plc (United Kingdom), Festo (Germany), Valvitalia S.p.A. (Italy), Kosmek Ltd. (Japan), Parker Hannifin India Pvt.Ltd. (India) and Wuzhong Instrument Co. Ltd. (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Watts Water Technologies (United States), Eaton Corporation Inc (Ireland), SMC Corporation Pvt. Ltd. (India), Federal-Mogul Motorparts LLC (Goetze) (India), Robert Bosch GmbH (Germany), Spirax-Sarco Limited (United Kingdom) and Forbes Marshall (India).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Pressure Reducing Valve market by Type, Application and Region.
On the basis of geography, the market of Pressure Reducing Valve 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). If we see Market by Temperature, the sub-segment i.e. 10 – 100 F will boost the Pressure Reducing Valve market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Chemical Industry will boost the Pressure Reducing Valve market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Cast Iron will boost the Pressure Reducing Valve market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pressure, the sub-segment i.e. 50-200 psig will boost the Pressure Reducing Valve market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 13 February 2019, Pentair plc, a water treatment service provider has completed the acquisition of Aquion for 160 USD million in cash subject to customary post-closing adjustments. Headquartered outside Chicago, with approximately 170 employees, Aquion offers a diverse line of water conditioners, water filters, drinking-water purifiers, ozone, and ultraviolet disinfection systems, reverse osmosis systems and acid neutralizers for the residential and commercial water treatment industry.
Market Trend
- Upsurging Demand for Highly Sensitive Pressure Reducing Valves in High Air Pressure Pipelines
- Use of Pressure Reducing Valves for Preventing Overheating of Pipes
Market Drivers
- Healthier Business Growth of Oil and Gas Pipelines across the Global Network
- Increasing Safety concerns Related to Pipeline Industry
Opportunities
- Rising Number of Accidental Incidences (Overpressure) in Several Industries
- Favorable Government Regulations assisting Pipeline Safety``
Restraints
- Lack of Awareness from Underdeveloped Economies
- Integration and Installation Complexities with Existing Systems
Challenges
- Connection Terminations is required for Installing New Pressure Reducing Valve
Key Target Audience
Pressure Reducing Valve Manufacturers, Pressure Reducing Valve Distributors and Suppliers, Reducing Valve International Traders, Pipeline Industry Associations, Government Industry Associations, Research and Development Institutes, Upstream and Downstream Buyers and Others
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