The Safety Valves Market size was valued at USD 7.6 Billion in 2024 and will react to USD 14.27 Billion by 2032, with a CAGR of 8.2% by 2024-2032.
The Safety valves market is witnessing a steady growth in the upcoming forecasting period. The expansion of industries particularly in the developing countries making the growth of the market. With the ability of safeguarding against accidents and equipment failures act as a driving force in the market growth.
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The increasing focus towards process safety management (PSM) in industries is another growth driver with an emphasis on the selection, installation, and maintenance of safety valves while ensuring the effectiveness in the prevention of catastrophic incidents. With the technological advancements, the integration of IoT allowing remote monitoring of safety valves enabling predictive maintenance is another driving factor for the growth of market. As, the demand for safety and environment responsibility grows, the safety valve market will also continue to grow prominently. Finally, the need for safety valves in specialized applications like cryogenic environments and nuclear power plants is creating niche markets with high-growth potential.
Drivers
Industrial growth and rising focus towards preventive maintenance.
With rapid industrial growth and complexity, safety valves offering a reliable option to reduce risks by automatically releasing excess pressure thereby preventing any failures and ensuring uninterrupted production. The shift towards preventive maintenance strategies is another key factor driving the demand for safety valves.
Rise in accidental incidents and growth in process industries is helping in the growth of the market.
Restraints
Complexity related to maintenance and strict regulations for safety valves.
Safety valves require regular inspection and maintenance to ensure proper functioning, leading to increased downtime in processes and operating costs which might discourage businesses in investing in safety valves or in some cases might find some alternate pressure relief solutions impacting the market.
High fabrication costs and low profit margins for companies are the major factors acting as restraints.
Opportunities
Customized safety valves specific to a particular industry with unique requirements & operating conditions are making growth opportunities.
Integration of safety valves with Internet of Things is creating an opportunity for remote monitoring of the safety valves.
Challenges
Adoption of alternate pressure relief technologies like pressure safety valves, pressure relief valves & rupture discs is a challenge in the growth of the market.
Lack of global safety thereby manufacturers might face issues in compliance with them due to the absence of a standard regulation for all safety valves.
The war between Russia & Ukraine has a huge impact on the safety valve market. There is a disruption in the global supply chain because of sanctions and logistical problems which is causing in the shortage of metals required for the manufacturing of safety valves which are majorly sourced from these regions thus impacting production inflating the safety valve prices by 15-18% also causing delays thereby limiting availability of valves. Also, with the ongoing war affecting industries like oil & gas which rely on these valves. But, on the other side the war may increase the awareness towards the importance of safety and security leading to an increased focus towards safety valve maintenance and replacements even if demand dips. This will help in the increase in service and maintenance contracts for safety valve providers. The war has some short-term dips but at the same time Long-term effects depend on various factors.
Economic slowdown has a huge impact on the safety valve market. Companies tighten their budgets & funding’s which causes a decrease in capital expense on upgradation of equipment. Creating a decline in demand for new safety valves in industries like or manufacturing leading to postponement of replacements. Also, sectors that are relied on safety valves like oil & gas might experience slowdowns which could further decrease the demand for new valves. But, on the other side any unplanned equipment failures because of faulty safety valves can be dangerous. The cost savings associated with prevention of these failures via maintaining may motivate companies in prioritizing essential safety valve maintenance activities. Moreover, safety regulations regarding equipment operation has to keep intact which will lead to a continous demand for maintenance and servicing to ensure compliance with the standards. The market for maintenance and safety services might be stable.
By Material
Stainless Steel
Alloy
Cast iron
Cryogenic
Others
The Stainless Steel is dominating the market with a share of around 37% of the total market. Stainless steel is widely adopted material type is because it is corrosion resistant alloy making it an excellent choice for crafting safety valves. Stainless steel has the capacity to endure industrial conditions ensuring reliability at the same time requires very little maintenance making it preferred material in use.
By Valve Size
Less than 1”
1” to 10”
11” to 20”
20” & above
By End User
Oil & Gas
Energy & Power
Food & Beverage
Chemicals
Water & Wastewater treatment
Others
The Oil & Gas is dominating the market with a share of around 42% of the total market. The safety of this segment heavily relies on safety valves by the overseeing supply flow integrity, flow control & many more. As a result, any flaw or fault in the system could be disastrous and could cause considerably high monetary loss, dangerous leaks & environmental catastrophes making this segment the dominating users of safety valves.
Regional Outlook
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Regional Analysis
The Asia-Pacific region is dominating the market with a share of around 36% of the total market. Due to rapid industrialization, stringent safety regulations & increased environmental and personnel protection is driving the region in dominating position. Technological advancements and a rising awareness of safety standards are key trends in this region.
North America is the fastest growing region next to Asia-Pacific region.
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Key Players
The major players are Emerson Electric Co, Schlumberger Limited, General Electric, Curtiss-wright Corporation, ALFA LAVAL, LESER GmbH & Co.KG, The Weir Group PLC, Danfoss Bosch Rexroth AG, Spirax Sarco Limited and others.
Emerson Electric Co-Company Financial Analysis
Recent Developments
In October 2023, Flowserve Corporation launched a new high-performance safety valve designed specifically for cryogenic applications catering to the growing demand for safety in the LNG industry.
In September 2023, Emerson Electric Co. acquired Aventics strengthening their position in industrial valves and potentially paves the way for integrated safety valve and automation solutions.
| Report Attributes | Details |
|---|---|
| Market Size in 2024 | US$ 7.6 Billion |
| Market Size by 2032 | US$ 14.27 Billion |
| CAGR | CAGR of 8.2% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Material (Stainless Steel, Alloy, Cast Iron, Cryogenic, Others) • By Valve Size (Less Than 1”, 1” To 10”, 11” To 20”, 20” & Above) • By End Users (Oil & Gas, Energy & Power, Food & Beverage, Chemicals, Water & Wastewater Treatment, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Emerson Electric Co, Schlumberger Limited, General Electric, Curtiss-wright Corporation, ALFA LAVAL, LESER GmbH & Co.KG, The Weir Group PLC, Danfoss Bosch Rexroth AG, Spirax Sarco Limited |
| Key Drivers | • Industrial growth and rising focus towards preventive maintenance. • Rise in accidental incidents and growth in process industries is helping in the growth of the market. |
| Restraints | • Complexity related to maintenance and strict regulations for safety valves. • High fabrication costs and low profit margins for companies are the major factors acting as restraints. |
Ans: The Safety Valves Charger Market is expected to grow at a CAGR of 8.2%.
Ans: Safety Valves Charger Market size was USD 7.6 billion in 2024 and is expected to Reach USD 14.27 billion by 2032.
Ans: Industrial growth and rising focus towards preventive maintenance.
Ans: High fabrication costs and low profit margins for companies are the major factors acting as restraints.
Ans: Asia-Pacific region is expected to hold the largest market share in the Safety Valves Market during the forecast period.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Safety Valves Charger Market Segmentation, By Material
9.1 Introduction
9.2 Trend Analysis
9.3 Stainless Steel
9.4 Alloy
9.5 Cast iron
9.6 Cryogenic
9.7 Others
10. Safety Valves Charger Market Segmentation, By Valve Size
10.1 Introduction
10.2 Trend Analysis
10.3 Less than 1”
10.4 1” to 10”
10.5 11” to 20”
10.6 20” & above
11. Safety Valves Charger Market Segmentation, By End User
11.1 Introduction
11.2 Trend Analysis
11.3 Oil & Gas
11.4 Energy & Power
11.5 Food & Beverage
11.6 Chemicals
11.7 Water & Wastewater treatment
11.8 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Safety Valves Charger Market, By Country
12.2.3 North America Safety Valves Charger Market, By Material
12.2.4 North America Safety Valves Charger Market, By Valve Size
12.2.5 North America Safety Valves Charger Market, By End User
12.2.6 USA
12.2.6.1 USA Safety Valves Charger Market, By Material
12.2.6.2 USA Safety Valves Charger Market, By Valve Size
12.2.6.3 USA Safety Valves Charger Market, By End User
12.2.7 Canada
12.2.7.1 Canada Safety Valves Charger Market, By Material
12.2.7.2 Canada Safety Valves Charger Market, By Valve Size
12.2.7.3 Canada Safety Valves Charger Market, By End User
12.2.8 Mexico
12.2.8.1 Mexico Safety Valves Charger Market, By Material
12.2.8.2 Mexico Safety Valves Charger Market, By Valve Size
12.2.8.3 Mexico Safety Valves Charger Market, By End User
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Safety Valves Charger Market, By Country
12.3.2.2 Eastern Europe Safety Valves Charger Market, By Material
12.3.2.3 Eastern Europe Safety Valves Charger Market, By Valve Size
12.3.2.4 Eastern Europe Safety Valves Charger Market, By End User
12.3.2.5 Poland
12.3.2.5.1 Poland Safety Valves Charger Market, By Material
12.3.2.5.2 Poland Safety Valves Charger Market, By Valve Size
12.3.2.5.3 Poland Safety Valves Charger Market, By End User
12.3.2.6 Romania
12.3.2.6.1 Romania Safety Valves Charger Market, By Material
12.3.2.6.2 Romania Safety Valves Charger Market, By Valve Size
12.3.2.6.4 Romania Safety Valves Charger Market, By End User
12.3.2.7 Hungary
12.3.2.7.1 Hungary Safety Valves Charger Market, By Material
12.3.2.7.2 Hungary Safety Valves Charger Market, By Valve Size
12.3.2.7.3 Hungary Safety Valves Charger Market, By End User
12.3.2.8 Turkey
12.3.2.8.1 Turkey Safety Valves Charger Market, By Material
12.3.2.8.2 Turkey Safety Valves Charger Market, By Valve Size
12.3.2.8.3 Turkey Safety Valves Charger Market, By End User
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Safety Valves Charger Market, By Material
12.3.2.9.2 Rest of Eastern Europe Safety Valves Charger Market, By Valve Size
12.3.2.9.3 Rest of Eastern Europe Safety Valves Charger Market, By End User
12.3.3 Western Europe
12.3.3.1 Western Europe Safety Valves Charger Market, By Country
12.3.3.2 Western Europe Safety Valves Charger Market, By Material
12.3.3.3 Western Europe Safety Valves Charger Market, By Valve Size
12.3.3.4 Western Europe Safety Valves Charger Market, By End User
12.3.3.5 Germany
12.3.3.5.1 Germany Safety Valves Charger Market, By Material
12.3.3.5.2 Germany Safety Valves Charger Market, By Valve Size
12.3.3.5.3 Germany Safety Valves Charger Market, By End User
12.3.3.6 France
12.3.3.6.1 France Safety Valves Charger Market, By Material
12.3.3.6.2 France Safety Valves Charger Market, By Valve Size
12.3.3.6.3 France Safety Valves Charger Market, By End User
12.3.3.7 UK
12.3.3.7.1 UK Safety Valves Charger Market, By Material
12.3.3.7.2 UK Safety Valves Charger Market, By Valve Size
12.3.3.7.3 UK Safety Valves Charger Market, By End User
12.3.3.8 Italy
12.3.3.8.1 Italy Safety Valves Charger Market, By Material
12.3.3.8.2 Italy Safety Valves Charger Market, By Valve Size
12.3.3.8.3 Italy Safety Valves Charger Market, By End User
12.3.3.9 Spain
12.3.3.9.1 Spain Safety Valves Charger Market, By Material
12.3.3.9.2 Spain Safety Valves Charger Market, By Valve Size
12.3.3.9.3 Spain Safety Valves Charger Market, By End User
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Safety Valves Charger Market, By Material
12.3.3.10.2 Netherlands Safety Valves Charger Market, By Valve Size
12.3.3.10.3 Netherlands Safety Valves Charger Market, By End User
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Safety Valves Charger Market, By Material
12.3.3.11.2 Switzerland Safety Valves Charger Market, By Valve Size
12.3.3.11.3 Switzerland Safety Valves Charger Market, By End User
12.3.3.1.12 Austria
12.3.3.12.1 Austria Safety Valves Charger Market, By Material
12.3.3.12.2 Austria Safety Valves Charger Market, By Valve Size
12.3.3.12.3 Austria Safety Valves Charger Market, By End User
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Safety Valves Charger Market, By Material
12.3.3.13.2 Rest of Western Europe Safety Valves Charger Market, By Valve Size
12.3.3.13.3 Rest of Western Europe Safety Valves Charger Market, By End User
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Safety Valves Charger Market, By Country
12.4.3 Asia-Pacific Safety Valves Charger Market, By Material
12.4.4 Asia-Pacific Safety Valves Charger Market, By Valve Size
12.4.5 Asia-Pacific Safety Valves Charger Market, By End User
12.4.6 China
12.4.6.1 China Safety Valves Charger Market, By Material
12.4.6.2 China Safety Valves Charger Market, By Valve Size
12.4.6.3 China Safety Valves Charger Market, By End User
12.4.7 India
12.4.7.1 India Safety Valves Charger Market, By Material
12.4.7.2 India Safety Valves Charger Market, By Valve Size
12.4.7.3 India Safety Valves Charger Market, By End User
12.4.8 Japan
12.4.8.1 Japan Safety Valves Charger Market, By Material
12.4.8.2 Japan Safety Valves Charger Market, By Valve Size
12.4.8.3 Japan Safety Valves Charger Market, By End User
12.4.9 South Korea
12.4.9.1 South Korea Safety Valves Charger Market, By Material
12.4.9.2 South Korea Safety Valves Charger Market, By Valve Size
12.4.9.3 South Korea Safety Valves Charger Market, By End User
12.4.10 Vietnam
12.4.10.1 Vietnam Safety Valves Charger Market, By Material
12.4.10.2 Vietnam Safety Valves Charger Market, By Valve Size
12.4.10.3 Vietnam Safety Valves Charger Market, By End User
12.4.11 Singapore
12.4.11.1 Singapore Safety Valves Charger Market, By Material
12.4.11.2 Singapore Safety Valves Charger Market, By Valve Size
12.4.11.3 Singapore Safety Valves Charger Market, By End User
12.4.12 Australia
12.4.12.1 Australia Safety Valves Charger Market, By Material
12.4.12.2 Australia Safety Valves Charger Market, By Valve Size
12.4.12.3 Australia Safety Valves Charger Market, By End User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Safety Valves Charger Market, By Material
12.4.13.2 Rest of Asia-Pacific Safety Valves Charger Market, By Valve Size
12.4.13.3 Rest of Asia-Pacific Safety Valves Charger Market, By End User
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Safety Valves Charger Market, By Country
12.5.2.2 Middle East Safety Valves Charger Market, By Material
12.5.2.3 Middle East Safety Valves Charger Market, By Valve Size
12.5.2.4 Middle East Safety Valves Charger Market, By End User
12.5.2.5 UAE
12.5.2.5.1 UAE Safety Valves Charger Market, By Material
12.5.2.5.2 UAE Safety Valves Charger Market, By Valve Size
12.5.2.5.3 UAE Safety Valves Charger Market, By End User
12.5.2.6 Egypt
12.5.2.6.1 Egypt Safety Valves Charger Market, By Material
12.5.2.6.2 Egypt Safety Valves Charger Market, By Valve Size
12.5.2.6.3 Egypt Safety Valves Charger Market, By End User
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Safety Valves Charger Market, By Material
12.5.2.7.2 Saudi Arabia Safety Valves Charger Market, By Valve Size
12.5.2.7.3 Saudi Arabia Safety Valves Charger Market, By End User
12.5.2.8 Qatar
12.5.2.8.1 Qatar Safety Valves Charger Market, By Material
12.5.2.8.2 Qatar Safety Valves Charger Market, By Valve Size
12.5.2.8.3 Qatar Safety Valves Charger Market, By End User
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Safety Valves Charger Market, By Material
12.5.2.9.2 Rest of Middle East Safety Valves Charger Market, By Valve Size
12.5.2.9.3 Rest of Middle East Safety Valves Charger Market, By End User
12.5.3 Africa
12.5.3.1 Africa Safety Valves Charger Market, By Country
12.5.3.2 Africa Safety Valves Charger Market, By Material
12.5.3.3 Africa Safety Valves Charger Market, By Valve Size
12.5.3.4 Africa Safety Valves Charger Market, By End User
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Safety Valves Charger Market, By Material
12.5.3.5.2 Nigeria Safety Valves Charger Market, By Valve Size
12.5.3.5.3 Nigeria Safety Valves Charger Market, By End User
12.5.3.6 South Africa
12.5.3.6.1 South Africa Safety Valves Charger Market, By Material
12.5.3.6.2 South Africa Safety Valves Charger Market, By Valve Size
12.5.3.6.3 South Africa Safety Valves Charger Market, By End User
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Safety Valves Charger Market, By Material
12.5.3.7.2 Rest of Africa Safety Valves Charger Market, By Valve Size
12.5.3.7.3 Rest of Africa Safety Valves Charger Market, By End User
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Safety Valves Charger Market, By country
12.6.3 Latin America Safety Valves Charger Market, By Material
12.6.4 Latin America Safety Valves Charger Market, By Valve Size
12.6.5 Latin America Safety Valves Charger Market, By End User
12.6.6 Brazil
12.6.6.1 Brazil Safety Valves Charger Market, By Material
12.6.6.2 Brazil Safety Valves Charger Market, By Valve Size
12.6.6.3 Brazil Safety Valves Charger Market, By End User
12.6.7 Argentina
12.6.7.1 Argentina Safety Valves Charger Market, By Material
12.6.7.2 Argentina Safety Valves Charger Market, By Valve Size
12.6.7.3 Argentina Safety Valves Charger Market, By End User
12.6.8 Colombia
12.6.8.1 Colombia Safety Valves Charger Market, By Material
12.6.8.2 Colombia Safety Valves Charger Market, By Valve Size
12.6.8.3 Colombia Safety Valves Charger Market, By End User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Safety Valves Charger Market, By Material
12.6.9.2 Rest of Latin America Safety Valves Charger Market, By Valve Size
12.6.9.3 Rest of Latin America Safety Valves Charger Market, By End User
13. Company Profiles
13.1 Emerson Electric Co
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Schlumberger Limited
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 General Electric
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Curtiss-wright Corporation
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 ALFA LAVAL
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 LESER GmbH & Co.KG
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 The Weir Group PLC
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Danfoss Bosch Rexroth AG
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Spirax Sarco Limited
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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