Global Safety Valves Market Size, Share, Trends & Analysis by Material (Steel, Alloy, Cast Iron, Cryogenic, Others), by Size (Less Than 1”, 1” to 10”, 11” to 20”, 20’ & Above), by End-user (Oil & Gas, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, Others) and Region, with Forecasts from 2024 to 2034.

  • Published: November, 2024
  • Pages: 217
  • Format:
  • Report ID: 61984096
  • Industry: Automation

Market Overview

 

The Global Safety Valves Market is expected to grow significantly from 2024 to 2034, driven by rising demand across various industries including oil & gas, energy & power, and chemicals. In 2024, the market is valued at USD XX.XX billion, projected to reach USD XX.XX billion by 2034, registering a compound annual growth rate (CAGR) of XX.XX%. Safety valves play a critical role in preventing excessive pressure build-up within systems, protecting equipment, and ensuring operational safety. Key factors driving growth include heightened safety regulations, the expansion of industrial sectors, and the adoption of safety valves in renewable energy applications.

 

Definition and Scope of Safety Valves

 

Safety valves are devices designed to automatically release pressure from a system once it reaches a certain limit, thus preventing potential failures or accidents. They are used across various industries to protect equipment and ensure compliance with safety regulations. The safety valves market is segmented by material, valve size, and end-user applications, with notable growth in sectors such as water & wastewater treatment, food & beverage, and energy production.

 

Market Drivers

 

• Stringent Safety Regulations: The increasing focus on industrial safety, backed by strict regulatory standards, is a significant driver in the safety valves market. Industries such as oil & gas, chemicals, and energy adhere to rigorous safety protocols, which fuels demand for reliable safety valve systems.

 

• Growth in Oil & Gas and Chemical Industries: Expanding activities in oil & gas extraction and chemical processing require effective pressure control solutions. The demand for safety valves has surged as these industries prioritize risk management and operational efficiency.

 

• Rising Investments in Power Generation: The expansion of the power generation sector, especially in renewable energy sources like wind and solar, has driven the need for advanced safety valves to safeguard equipment and maintain system integrity.

 

Market Restraints

 

• High Maintenance Costs: Safety valves require regular maintenance to ensure consistent performance. The associated costs can pose challenges for some end-users, particularly in smaller industries.

 

• Fluctuations in Raw Material Prices: Variability in raw material costs, particularly for metals like steel and alloy, can impact manufacturing expenses and pricing in the safety valve market.

 

Opportunities

 

• Advancements in Valve Technology: Innovations in smart safety valves with remote monitoring capabilities offer new growth avenues. These advanced valves are gaining traction as they enable real-time data collection and enhanced safety measures.

 

• Demand in Emerging Markets: Rapid industrialization in emerging economies, particularly in Asia-Pacific, is driving demand for safety valves in manufacturing, chemical processing, and energy sectors. This presents growth opportunities in regions experiencing high infrastructure development.

 

Market Segmentation Analysis

 

• By Material

    ○ Steel

    ○ Alloy

    ○ Cast Iron

    ○ Cryogenic

    ○ Others

 

• By Size

    ○ Less Than 1”

    ○ 1” to 10”

    ○ 11” to 20”

    ○ 20” & Above

 

• By End-user

    ○ Oil & Gas

    ○ Energy & Power

    ○ Chemicals

    ○ Food & Beverage

    ○ Water & Wastewater Treatment

    ○ Others

 

Regional Analysis

 

• North America: The region is anticipated to experience steady growth due to strong demand for safety valves in oil & gas and water treatment sectors, as well as advancements in manufacturing standards.

 

• Europe: With increasing environmental and safety regulations, Europe is poised for robust demand for safety valves, especially in industries such as energy, chemicals, and food & beverage.

 

• Asia-Pacific: Expected to be the fastest-growing market, driven by the expansion of manufacturing, water treatment, and energy infrastructure in countries like China and India.

 

• Rest of the World: This includes Latin America, the Middle East, and Africa, where infrastructure development and industrial growth are projected to increase the demand for safety valves.

 

The Global Safety Valves Market is set for significant growth over the next decade, with heightened focus on safety, regulatory compliance, and innovation driving demand. The market is poised for advances in smart valve technologies, supported by increased investment across industrial sectors.

 

Competitive Landscape

 

Key players in the Global Safety Valves Market include:

 

Emerson Electric Co.

Curtiss-Wright Corporation

Alfa Laval AB

Watts Water Technologies, Inc.

Weir Group Plc

Velan Inc.

Baker Hughes Company

LESER GmbH & Co. KG

IMI plc

Forbes Marshall

Table of Contents:

 

1. Introduction

    1.1. Definition of Safety Valves

    1.2. Scope of the Report

    1.3. Research Methodology

 

2. Executive Summary

    2.1. Key Findings

    2.2. Market Snapshot

    2.3. Key Trends

 

3. Market Dynamics

    3.1. Market Drivers

        3.1.1. Rising Demand in Oil & Gas Sector

        3.1.2. Increasing Need for Industrial Safety Standards

        3.1.3. Growth in Energy and Power Industry

        3.1.4. Other Market Drivers

    3.2. Market Restraints

        3.2.1. High Maintenance Costs

        3.2.2. Volatility in Raw Material Prices

        3.2.3. Other Market Restraints

    3.3. Market Opportunities

        3.3.1. Technological Innovations in Safety Valve Design

        3.3.2. Expansion in Emerging Economies

        3.3.3. Demand from Water & Wastewater Treatment Applications

        3.3.4. Other Market Opportunities

 

4. Global Safety Valves Market Analysis

    4.1. Market Size and Forecast (2024-2034)

    4.2. Market Share Analysis by:

        4.2.1. Material

            4.2.1.1. Steel

            4.2.1.2. Alloy

            4.2.1.3. Cast Iron

            4.2.1.4. Cryogenic

            4.2.1.5. Others

        4.2.2. Size

            4.2.2.1. Less Than 1”

            4.2.2.2. 1” to 10”

            4.2.2.3. 11” to 20”

            4.2.2.4. 20” & Above

        4.2.3. End-user

            4.2.3.1. Oil & Gas

            4.2.3.2. Energy & Power

            4.2.3.3. Chemicals

            4.2.3.4. Food & Beverage

            4.2.3.5. Water & Wastewater Treatment

            4.2.3.6. Others

    4.3. Value Chain Analysis

    4.4. SWOT Analysis

    4.5. Porter’s Five Forces Analysis

 

5. Regional Market Analysis

    5.1. North America

        5.1.1. Market Overview

        5.1.2. Market Size and Forecast

        5.1.3. Key Trends

        5.1.4. Competitive Landscape

    5.2. Europe

        5.2.1. Market Overview

        5.2.2. Market Size and Forecast

        5.2.3. Key Trends

        5.2.4. Competitive Landscape

    5.3. Asia Pacific

        5.3.1. Market Overview

        5.3.2. Market Size and Forecast

        5.3.3. Key Trends

        5.3.4. Competitive Landscape

    5.4. Latin America

        5.4.1. Market Overview

        5.4.2. Market Size and Forecast

        5.4.3. Key Trends

        5.4.4. Competitive Landscape

    5.5. Middle East & Africa

        5.5.1. Market Overview

        5.5.2. Market Size and Forecast

        5.5.3. Key Trends

        5.5.4. Competitive Landscape

 

6. Competitive Landscape

    6.1. Market Share Analysis of Key Players

    6.2. Company Profiles of Key Players

        6.2.1. Emerson Electric Co.

        6.2.2. Curtiss-Wright Corporation

        6.2.3. Alfa Laval AB

        6.2.4. Watts Water Technologies, Inc.

        6.2.5. Weir Group Plc

        6.2.6. Velan Inc.

        6.2.7. Baker Hughes Company

        6.2.8. LESER GmbH & Co. KG

        6.2.9. IMI plc

        6.2.10. Forbes Marshall

    6.3. Recent Developments and Innovations

    6.4. Strategic Initiatives

 

7. Future Outlook and Market Forecast

    7.1. Market Growth Prospects

    7.2. Technological Trends and Innovations

    7.3. Investment Opportunities

    7.4. Strategic Recommendations

 

8. Key Insights and Reiteration of Main Findings

9. Future Prospects for the Global Safety Valves Market

 

List of Tables:

 

Table 1: Global Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 2: Global Safety Valves Market, By Steel, 2024-2034 (USD Billion)

Table 3: Global Safety Valves Market, By Alloy, 2024-2034 (USD Billion)

Table 4: Global Safety Valves Market, By Cast Iron, 2024-2034 (USD Billion)

Table 5: Global Safety Valves Market, By Cryogenic, 2024-2034 (USD Billion)

Table 6: Global Safety Valves Market, By Others (Material), 2024-2034 (USD Billion)

Table 7: Global Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 8: Global Safety Valves Market, By Less Than 1”, 2024-2034 (USD Billion)

Table 9: Global Safety Valves Market, By 1” to 10”, 2024-2034 (USD Billion)

Table 10: Global Safety Valves Market, By 11” to 20”, 2024-2034 (USD Billion)

Table 11: Global Safety Valves Market, By 20” & Above, 2024-2034 (USD Billion)

Table 12: Global Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 13: Global Safety Valves Market, By Oil & Gas, 2024-2034 (USD Billion)

Table 14: Global Safety Valves Market, By Energy & Power, 2024-2034 (USD Billion)

Table 15: Global Safety Valves Market, By Chemicals, 2024-2034 (USD Billion)

Table 16: Global Safety Valves Market, By Food & Beverage, 2024-2034 (USD Billion)

Table 17: Global Safety Valves Market, By Water & Wastewater Treatment, 2024-2034 (USD Billion)

Table 18: Global Safety Valves Market, By Others (End-user), 2024-2034 (USD Billion)

Table 19: Global Safety Valves Market, By Region, 2024-2034 (USD Billion)

Table 20: North America Safety Valves Market, By Country, 2024-2034 (USD Billion)

Table 21: North America Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 22: North America Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 23: North America Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 24: United States Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 25: United States Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 26: United States Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 27: Canada Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 28: Canada Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 29: Canada Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 30: Europe Safety Valves Market, By Country, 2024-2034 (USD Billion)

Table 31: Europe Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 32: Europe Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 33: Europe Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 34: Germany Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 35: Germany Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 36: Germany Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 37: U.K. Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 38: U.K. Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 39: U.K. Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 40: France Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 41: France Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 42: France Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 43: Italy Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 44: Italy Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 45: Italy Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 46: Spain Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 47: Spain Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 48: Spain Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 49: Rest of Europe Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 50: Rest of Europe Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 51: Rest of Europe Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 52: Asia-Pacific Safety Valves Market, By Country, 2024-2034 (USD Billion)

Table 53: Asia-Pacific Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 54: Asia-Pacific Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 55: Asia-Pacific Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 56: China Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 57: China Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 58: China Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 59: India Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 60: India Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 61: India Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 62: Japan Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 63: Japan Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 64: Japan Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 65: South Korea Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 66: South Korea Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 67: South Korea Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 68: Australia Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 69: Australia Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 70: Australia Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 71: Rest of Asia-Pacific Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 72: Rest of Asia-Pacific Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 73: Rest of Asia-Pacific Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 74: Middle East and Africa Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 75: Middle East and Africa Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 76: Middle East and Africa Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 77: South America Safety Valves Market, By Material, 2024-2034 (USD Billion)

Table 78: South America Safety Valves Market, By Size, 2024-2034 (USD Billion)

Table 79: South America Safety Valves Market, By End-user, 2024-2034 (USD Billion)

Table 80: Global Safety Valves Market, Strategic Developments, 2024-2034

Table 81: Global Safety Valves Market, Mergers & Acquisitions, 2024-2034

Table 82: Global Safety Valves Market, New Product Launches, 2024-2034

Table 83: Global Safety Valves Market, Collaborations and Partnerships, 2024-2034

Table 84: Global Safety Valves Market, Investment Analysis, 2024-2034

Table 85: Global Safety Valves Market, Technological Innovations, 2024-2034

Table 86: Global Safety Valves Market, Future Trends and Opportunities, 2024-2034

Table 87: Global Safety Valves Market, Key Insights and Recommendations, 2024-2034

Table 88: Global Safety Valves Market, Competitive Landscape, 2024-2034

Table 89: Global Safety Valves Market, Regional Analysis Summary, 2024-2034

 

List of Figures:

 

Figure 1: Global Safety Valves Market: Market Segmentation

Figure 2: Global Safety Valves Market: Research Methodology

Figure 3: Top-Down Approach

Figure 4: Bottom-Up Approach

Figure 5: Data Triangulation and Validation

Figure 6: Global Safety Valves Market: Drivers, Restraints, Opportunities, and Challenges

Figure 7: Global Safety Valves Market: Porter's Five Forces Model Analysis

Figure 8: Global Safety Valves Market: Value Chain Analysis

Figure 9: Global Safety Valves Market Share Analysis, By Material, 2024-2034

Figure 10: Global Safety Valves Market Share Analysis, By Size, 2024-2034

Figure 11: Global Safety Valves Market Share Analysis, By End-User, 2024-2034

Figure 12: Global Safety Valves Market Share Analysis, By Region, 2024-2034

Figure 13: North America Safety Valves Market Share Analysis, By Material, 2024-2034

Figure 14: North America Safety Valves Market Share Analysis, By Size, 2024-2034

Figure 15: North America Safety Valves Market Share Analysis, By End-User, 2024-2034

Figure 16: North America Safety Valves Market Share Analysis, By Country, 2024-2034

Figure 17: Europe Safety Valves Market Share Analysis, By Material, 2024-2034

Figure 18: Europe Safety Valves Market Share Analysis, By Size, 2024-2034

Figure 19: Europe Safety Valves Market Share Analysis, By End-User, 2024-2034

Figure 20: Europe Safety Valves Market Share Analysis, By Country, 2024-2034

Figure 21: Asia-Pacific Safety Valves Market Share Analysis, By Material, 2024-2034

Figure 22: Asia-Pacific Safety Valves Market Share Analysis, By Size, 2024-2034

Figure 23: Asia-Pacific Safety Valves Market Share Analysis, By End-User, 2024-2034

Figure 24: Asia-Pacific Safety Valves Market Share Analysis, By Country, 2024-2034

Figure 25: Middle East and Africa Safety Valves Market Share Analysis, By Material, 2024-2034

Figure 26: Middle East and Africa Safety Valves Market Share Analysis, By Size, 2024-2034

Figure 27: Middle East and Africa Safety Valves Market Share Analysis, By End-User, 2024-2034

Figure 28: Middle East and Africa Safety Valves Market Share Analysis, By Country, 2024-2034

Figure 29: South America Safety Valves Market Share Analysis, By Material, 2024-2034

Figure 30: South America Safety Valves Market Share Analysis, By Size, 2024-2034

Figure 31: South America Safety Valves Market Share Analysis, By End-User, 2024-2034

Figure 32: South America Safety Valves Market Share Analysis, By Country, 2024-2034

Figure 33: Global Safety Valves Market: Competitive Benchmarking

Figure 34: Global Safety Valves Market: Vendor Share Analysis, 2024-2034

Figure 35: Global Safety Valves Market: Key Player Strategies

Figure 36: Global Safety Valves Market: Recent Developments and Innovations

Figure 37: Global Safety Valves Market: Mergers and Acquisitions

Figure 38: Global Safety Valves Market: SWOT Analysis of Key Players

Key Players: (this may not be a complete list and extra companies can be added upon request)

 

Emerson Electric Co.

Curtiss-Wright Corporation

Alfa Laval AB

Watts Water Technologies, Inc.

Weir Group Plc

Velan Inc.

Baker Hughes Company

LESER GmbH & Co. KG

IMI plc

Forbes Marshall

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