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Pressure Relief Valves Market Share
The pressure relief valves industry is fragmented, with prominent players holding a market share of 15%-20% of the total market share. Major companies generally view the sector as a vital component of industrial safety and efficiency, driven by both regulatory requirements and technological advancements. Companies are increasingly focused on innovation, integrating smart technologies and advanced materials to enhance valve performance and operational efficiency.
Pressure Relief Valves Market Share
Major players operating in the pressure relief valves industry include:
- Burkert Fluid Control Systems
- Cameron
- Crane Co
- Emerson Electric Co
- Flowserve Corporation
- GE Measurement & Control Solutions
- Honeywell International Inc
- Moog Inc
- Parker Hannifin Corporation
- Pentair plc
- Rotork Plc
- Schneider Electric SE
- Spirax Sarco Limited
- ValvTechnologies Inc
- Watts Water Technologies Inc
What is the size of pressure relief valve market?
The market size of pressure relief valves was worth over USD 5.2 billion in 2023 and is anticipated to register a CAGR of 5.3% between 2024 and 2032, due to industrial growth in various sectors, along with the rise in infrastructure projects.
Why is the demand for acting type PRVs increasing?
The acting type PRVs market was valued at USD 2.5 billion in 2023 and is expected to record a CAGR of 5.4% through 2032, due to their ease of maintenance, cost-effectiveness, and adaptability to various pressure settings.
How big is Asia Pacific pressure relief valve market?
Asia Pacific PRV industry was crossed USD 1.8 billion in 2023 and is expected to grow at a CAGR of 5.9% through 2032, driven by robust industrial expansion and increasing infrastructure development across countries like China, India, Japan, and South Korea.
Which companies define the competitive landscape of pressure relief valve market?
Crane Co., Emerson Electric Co., Flowserve Corporation, GE Measurement & Control Solutions, Honeywell International Inc, Moog Inc, Parker Hannifin Corporation, Pentair plc, and Rotork Plc among others.