Relief Valves( RV), Explosion Vents and Rupture Discs Market

Rupture Disc - A rupture disc is non-reclosing device which is used to protect equipment such as pressure vessels, piping, gas cylinder or other enclosures from excessive pressure/ vacuum

Pressure relief valve - A pressure Relief Valve is a safety device designed to protect a pressurized vessel or system during an overpressure event. An overpressure event refers to any condition which would cause pressure in a vessel or system to increase beyond the specified design pressure or maximum allowable working pressure

Both of these markets have prominent industry players which contribute significantly in these markets. Use of cost friendly and efficient raw material to manufacture these products is reducing the overall price of pressure relief valves and rupture discs

Hydrostatic level sensors are widely used in the industry, but guided wave level sensors are expected to grow with the highest rate. Competitive technology of GWR with ultrasonic is helping this contact type of sensor to grow with rapid speed.

Radar technology is constantly dropping the price as people are accepting the technology and bulk purchase are growing in the industry.

Big brands like Honeywell, Siemens, ABB are enjoying the brand value with global distribution channel. Small firms are typically preferred in domestic market with low precision requirements for the applications. Food and beverages sector have shown better opportunity for these players.

APAC market is currently leading the global market for level sensors. It is expected that APAC will show the same trends in the upcoming years. Mining industries in Africa, power generations and oil industry in Middle East are pushing the level sensor market. It is expected that RoW will show second highest growth rate after APAC market, followed by American market.