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Safety Valves Market Share

Report ID: GMI11388
Published Date: Sep 2024
Report Format: PDF

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Safety Valves Market Share

Global Safety Valves Company Market Share Analysis, 2023

The safety valves industry is fragmented, with prominent players holding a market share of 15%-20% of the total market share. In the safety valve market, 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.

Safety Valves Market Share

Major players operating in the safety 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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of safety valves was worth over USD 4.2 billion in 2023 and will grow at a 5% CAGR between 2024 and 2032, due to rapid industrialization, urbanization, and increasing infrastructure development.

The direct-acting valves segment will reach USD 2 billion by 2032, driven by its reliability, simplicity, and fast response time.

Asia Pacific safety valves industry registered USD 1.5 billion in 2023, attributed to rapid industrialization, urbanization, and infrastructure development in key countries like China, India, and Southeast Asia.

Leading companies in the safety valves industry include Burkert Fluid Control Systems, Emerson Electric Co., Flowserve Corporation, GE Measurement & Control Solutions, Honeywell International Inc., and Rotork Plc, among others. These companies drive innovation and growth in the industry.