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BUSINESS CHALLENGE

MnM’s client, who is one of the leading industry players in pressure relief valves and rupture disc market, was interested in knowing the market potential of pressure relief valves, rupture disc, and explosion vents industries. The client needed to understand the ‘technology shift’ and determine the future growth potential in the pressure relief valves, rupture disc, and explosion vents market.

MnM APPROACH

This research study was carried out by combining extensive secondary research and primary discussions with key opinion leaders, and pressure relief valves, rupture disc, and explosion vent industry players & their customers. Exhaustive interviews of the sales, marketing, production, R&D, and technical experts were conducted using a semi-structured questionnaire to understand and provide an in-depth analysis of the market. MnM obtained information on the usage trends and future growth prospects for target end users from varied industry verticals. This was followed by detailed analysis of the gathered data to provide strengths and weaknesses of the product. Competitor rating analysis was also determined through this research study.

VALUE DELIVERED

• MnM’s client was able to understand the existing market scenario of pressure relief valves, rupture disc, and explosion vents market.
• Competitor benchmarking also helped understand the client’s present situation in the value chain of this industry.
• This research study showcases the technological upgradation in the pressure relief valves, rupture disc, and explosion vents market.