Safety Valves Market by Size (Up to 1 inch, 16 inch, 6 25 inch, 25 50-inch, 50 inch, and Above), Material (Stainless Steel, Cast Iron, Alloy, Cryogenic), Industry (Oil & Gas, Energy & Power, Water & Wastewater), and Region - Global Forecast to 2024
The safety valves market is expected to grow USD 5.5 billion by 2024, at a CAGR of 4.30% during the forecast period.
Importance of safety valves in industrial processes, increased need from oil & gas, growth in nuclear energy generation are among the key driving factors for the safety valves market. Constant need for safety valve replacement, use of 3D printers in manufacturing lines are among the other factors fueling the growth of the market. However, the high cost of fabrication can hinder the growth of the safety valves market.
MnM helped a valve manufacture leader in building 500 million dollars of revenue (over a time of 5 years) by entering the safety valves market across industries and globe.
Clients Problem Statement
Our client, a valve provider globally, was keen to build a substantive business for safety valves across the globe. In addition, client was interested to know the business structure of the industry; does MRO business generates more revenue or new instalments? The senior management needed to take vital decisions which region and industry, and business type to be focused, which type to be prioritise, which market like MRO or new instalment to focus on.
MnM Approach
MNM assisted the client with analysing market potential of safety valves, market perspectives such as TAM for type, industry, and business structure (MRO or new instalments) in terms of % splits by country. Further, we helped them identify the highest potential revenue generating safety relief valve type such as conventional, pilot operated, automated and others. MNM also helped them better understand the competitive landscape, strategies of different players to gain more market share. This helped client to decide which differentiated product offering to provide, geographic region to target and initially which end-use industry to focus on. MNM also interviewed a host of potential value chain participants to understand overall market and what they looked for in safety relief valves business. This helped our client refine their value proposition to expand its business in safety valve category.
Revenue Impact (RI)
Our work helped the client with a projected revenue of $500 Mn in 3 years from this strategy. The client was successfully able to start and establish his safety relief valve business in Europe. In coming future, the company is planning to expand its business across the globe.
By material type, stainless steel material to account for the largest market share during the forecast period
The safety valves market, by material, is segmented into stainless steel, cast iron, alloy, cryogenic, and others. The stainless steel safety valve market is expected to witness significant growth during the forecast period. Rising demand for high-quality safety valve to mitigate the threat of contamination in critical processes, such as water and steam handling, in food & beverages, and chemicals industries will drive the market for stainless steel safety valve during the forecast period.
By industry, agriculture industry to grow at the highest CAGR during the forecast period
The safety valves market for the agriculture industry is expected to witness significant growth during the overall pipeline distance is quite long, and there is a large variance of pipe elevation due to natural terrain. In agriculture, safety valves are used for irrigation and precision farming applications. Valves made up of brass, steel, and a wide array of plastics materials are widely used.
APAC to account for the largest market share during the forecast period
APAC is expected to account for the largest share of the safety valves market during the forecast period. The market in this region is also expected to witness significant growth during 20192024. The population growth and rapid urbanization in developing economies, such as China and India, have prompted the speedy development in the region, which will boost the demand for safety valve from several industries such as energy & power, water & wastewater treatment, construction, chemicals, pharmaceuticals, and oil & gas.
Key Market Players
Key players in the safety valves market include Emerson Electric Co. (US), LESER (Germany), CameronSchlumberger Ltd.(US), IMI Plc.(Finland), Weir Group Plc (UK), Baker Hughes (US), Bosch Rexroth (Germany), Forbes Marshall (India), Curtiss-Wright Corporation (US), and Alfa Laval (Sweden. Emerson (US) is a leader in process control solutions and overall valve industry. The company has shown consistent growth in the market by helping its customers achieve superior projects and operational efficiencies through its extensive product portfolio and vertical industry expertise.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
| Estimated Value | USD 4.5 Billion |
| Expected Value | USD 5.5 Billion |
| Growth Rate | CAGR of 4.30% |
|
Market size available for years |
20152024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Material, Size, Industry, and Region |
|
Geographies covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
Emerson (US), LESER (Germany), Cameron Schlumberger (US), Alfa Laval (Sweden), and IMI PLC (UK), among others (total 20 players are covered). |
This research report categorizes the safety valve market based on material, size, industry, and region.
By Material
- Steel
- Cast Iron
- Alloy
- Cryogenic
- Others (Brass, Bronze, and Plastic)
By Size
- Up To 1
- 1 to 6
- 6 to 25
- 25 to 50
- 50 and Larger
By Industry
- Oil & Gas
- Energy & Power
- Chemicals
- Water & Wastewater
- Building & Construction
- Pharmaceuticals
- Agriculture
- Metal & Mining
- Paper & Pulp
- Food & Beverages
- Others (Semiconductor, Textile, and Glass)
By Geography
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, Italy, and Rest of Europe)
- APAC (China, Japan, India, South Korea and Rest of APAC)
- RoW (South America, Middle East, and Africa)
Recent Developments
- In November 2018, Baker Hughes expanded a new steam test facility in Naples, Italy created to better serve the European aftermarket with rapid response ASME Section I safety valves for steam applications. The new plant is an expansion on the current aftermarket center that expands the product scope and capacity of the plant to include the full range of Masoneilan control valves and consolidated safety valves, up to 2000 psi (140 Bar) test pressure.
- In October 2018, Alfa Laval launched an aseptic double-seat valve to its range of Alfa Laval Mixproof valves. It reduces the total cost of ownership for dairy, food, beverage, and other manufacturers by up to 45% compared with the leading Aseptic Double Seat Mixproof valves. Further, it also ensures product safety through full protection against the intrusion of harmful microorganisms, even during unwanted pressure spikes.
- In May 2017, Yamgaz, a joint-venture led by TechnipFMC with JGC and Chiyoda, awarded Weir Flow Control France a contract to engineer and supply critical service safety valves for Yamal LNG, a major LNG project in northern Russia
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the leading industries of safety valve?
- How advancements in the industries is influencing the market?
- Which valve material is expected to penetrate significantly in the safety valves market?
- Which countries are expected to witness significant growth in the safety valves market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Breakdown of Primaries
2.1.3.2 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 32)
4.1 Attractive Growth Opportunities in Safety Valves Market
4.2 Market, By Material
4.3 Market in APAC, By Country and Industry
4.4 Market, By Country (2019)
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Importance of Safety Valves in Industrial Processes
5.2.1.2 Increased Need From Oil & Gas
5.2.1.3 Growth in Nuclear Energy Generation
5.2.2 Restraints
5.2.2.1 Decline in Oil and Gas Extraction
5.2.3 Opportunities
5.2.3.1 Constant Need for Safety Valve Replacement
5.2.3.2 Use of 3D Printers in Manufacturing Lines
5.2.4 Challenges
5.2.4.1 High Cost of Fabrication
5.3 Value Chain Analysis
6 Safety Valve Market, By Material (Page No. - 39)
6.1 Introduction
6.2 Steel
6.2.1 Steel to Dominate Safety Valve Market During Forecast Period
6.3 Cast Iron
6.3.1 Cast Iron for Safety Valves Gained Traction in Water & Wastewater Industry and Hydroelectric Power Plants
6.4 Alloy
6.4.1 Alloy-Based Safety Valves Play Significant Role in Overall Market
6.5 Cryogenic
6.5.1 Cryogenic Valves to Grow at Fastest Rate
6.6 Others
6.6.1 Brass
6.6.2 Bronze
6.6.3 Plastic
7 Safety Valves Market, By Size (Page No. - 44)
7.1 Introduction
7.2 Up to 1"
7.2.1 Up to 1" Safety Valves to Witness Significant Growth
7.3 1" to 6"
7.3.1 1" to 6" Safety Valves to Dominate the Market During Forecast Period
7.4 6" to 25"
7.4.1 6" to 25" Safety Valves to Drive the Market for High Pressure Applications
7.5 25" to 50"
7.5.1 Chemicals, Energy & Power, and Pharmaceutical Plants are Key Industries for 25" to 50" Safety Valves for High Temperature and Pressure Handling Applications
7.6 50" and Larger
7.6.1 50" and Larger Safety Valves to Drive Market for Oil & Gas, Power, and Petrochemicals
8 Safety Valve Market, By Industry (Page No. - 48)
8.1 Introduction
8.2 Oil & Gas
8.2.1 Oil & Gas Industry to Dominate the Safety Valves Market During the Forecast Period
8.3 Energy & Power
8.3.1 Energy & Power Industry to Witness Significant Growth in Market
8.4 Chemicals
8.4.1 APAC Dominates the Safety Valves Market for Chemical Industry
8.5 Water & Wastewater
8.5.1 Water & Wastewater is Expected to Be Fastest Growing Industry for Safety Valves Market Owing to Modernizing the Aging Water Infrastructure and Increased Investments in Smart Cities
8.6 Building & Construction
8.6.1 Building & Construction Industry is Expected to Witness Significant Growth Owing to Urbanization and Smart Infrastructure
8.7 Pharmaceuticals
8.7.1 APAC to Drive Market for Pharmaceuticals
8.8 Agriculture
8.8.1 Irrigation and Precision Farming are Key Application Areas of Safety Valves for Agriculture Industry
8.9 Metal & Mining
8.9.1 APAC to Drive Market for Metal & Mining
8.10 Paper & Pulp
8.10.1 APAC to Dominate the Safety Valves Market for Paper & Pulp Industry During the Forecast Period
8.11 Food & Beverages
8.11.1 Food & Beverage Industry to Witness Significant Growth in Market
8.12 Others
9 Geographic Analysis (Page No. - 78)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US is Fastest-Growing Country for Safety Valves in North America
9.2.2 Canada
9.2.2.1 Growth in Oil & Gas Drives Safety Valve Market in Canada
9.2.3 Mexico
9.2.3.1 Increased Spending in Energy Sector Drives Safety Valve Market in Mexico
9.3 Europe
9.3.1 Germany
9.3.1.1 Upcoming Water and Wastewater Treatment Projects Drive Market in Germany
9.3.2 UK
9.3.2.1 UK Held Largest Share of Market in Europe
9.3.3 France
9.3.3.1 Investment in Nuclear Power Generation to Boost Market Growth in France
9.3.4 Italy
9.3.4.1 Upgrades in Water and Wastewater Treatment Infrastructure to Boost Demand for Safety Valve in Italy
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 China Held Largest Share of Safety Valve Market in APAC in 2018
9.4.2 Japan
9.4.2.1 Increasing Investment in Renewable Energy and Power Generation in Japan Will Increase Demand for Safety Valves in Japan
9.4.3 India
9.4.3.1 India is Among Fastest-Growing Countries for Safety Valve Market
9.4.4 South Korea
9.4.4.1 Various Projects for Semiconductors and Chemicals to Boost Market in South Korea
9.4.5 Rest of APAC
9.5 RoW
9.5.1 South America
9.5.1.1 Growth in Oil & Gas Will Drive Safety Valve Market in South American Countries
9.5.2 Middle East
9.5.2.1 Middle East to Hold Largest Share of Market in RoW By 2024
9.5.3 Africa
9.5.3.1 Investment in Water & Wastewater Treatment and Energy & Power is Driving Safety Valve Market
10 Competitive Landscape (Page No. - 91)
10.1 Overview
10.2 Market Rank Analysis
10.3 Competitive Situations and Trends
10.3.1 Expansion
10.3.3 Others
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Dynamic Differentiators
10.4.3 Innovators
10.4.4 Emerging Companies
10.5 Product Offering (For All 27 Players)
10.6 Business Strategy Excellence (For All 27 Players)
11 Company Profile (Page No. - 100)
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 Key Players
11.1.1 Emerson
11.1.2 Weir Group
11.1.3 Forbes Marshall
11.1.4 Curtiss-Wright Corporation
11.1.5 Schlumberger
11.1.6 Bosch Rexroth
11.1.7 Baker Hughes (A GE Company)
11.1.8 IMI PLC
11.1.9 Alfa Laval
11.1.10 Leser
11.2 Other Ecosystem Players
11.2.1 Frese
11.2.2 ARI-Armaturen
11.2.3 Danfoss
11.2.4 Swagelok
11.2.5 Taylor Valve Technology
11.2.6 SMC Corporation
11.2.7 GEA Group
11.2.8 Aquatrol Valve Company
11.2.9 Parker-Hannifin
11.2.10 VYC Industrial
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 124)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (65 Tables)
Table 1 Safety Valve Market, By Material, 20152024 (USD Billion)
Table 2 Market, By Size, 20152024 (USD Billion)
Table 3 Market, By Industry, 20152024 (USD Billion)
Table 4 Market for Oil & Gas, By Region, 20152024 (USD Million)
Table 5 Market in North America for Oil & Gas, By Country, 20152024 (USD Million)
Table 6 Market in Europe for Oil & Gas, By Country, 20152024 (USD Million)
Table 7 Market in APAC for Oil & Gas, By Country, 20152024 (USD Million)
Table 8 Market in RoW for Oil & Gas, By Country, 20152024 (USD Million)
Table 9 Safety Valve Market in Energy & Power, By Region, 20152024 (USD Million)
Table 10 Market in North America for Energy & Power, By Country, 20152024 (USD Million)
Table 11 Market in Europe for Energy & Power, By Country, 20152024 (USD Million)
Table 12 Market in APAC for Energy & Power, By Country, 20152024 (USD Million)
Table 13 Market in RoW for Energy & Power, By Country, 20152024 (USD Million)
Table 14 Market in Chemicals, By Region, 20152024 (USD Million)
Table 15 Market in North America for Chemicals, By Country, 20152024 (USD Million)
Table 16 Market in Europe for Chemicals, By Country, 20152024 (USD Million)
Table 17 Market in APAC for Chemicals, By Country, 20152024 (USD Million)
Table 18 Market in RoW for Chemicals, By Country, 20152024 (USD Million)
Table 19 Safety Valve Market for Water & Wastewater, By Region, 20152024 (USD Million)
Table 20 Market in North America for Water & Wastewater, By Country, 20152024 (USD Million)
Table 21 Market in Europe for Water & Wastewater, By Country, 20152024 (USD Million)
Table 22 Market in APAC for Water & Wastewater, By Country, 20152024 (USD Million)
Table 23 Market in RoW for Water & Wastewater, By Country, 20152024 (USD Million)
Table 24 Market for Building & Construction, By Region, 20152024 (USD Million)
Table 25 Market in North America for Building & Construction, By Country, 20152024 (USD Million)
Table 26 Safety Valve Market in Europe for Building & Construction, By Country, 20152024 (USD Million)
Table 27 Market in APAC for Building & Construction, By Country, 20152024 (USD Million)
Table 28 Market in RoW for Building & Construction, By Country, 20152024 (USD Million)
Table 29 Market in Pharmaceuticals, By Region, 20152024 (USD Million)
Table 30 Market in North America for Pharmaceuticals, By Country, 20152024 (USD Million)
Table 31 Market in Europe for Pharmaceuticals, By Country, 20152024 (USD Million)
Table 32 Market in APAC for Pharmaceuticals, By Country, 20152024 (USD Million)
Table 33 Market in RoW for Pharmaceuticals, By Country, 20152024 (USD Million)
Table 34 Market for Agriculture, By Region 20152024 (USD Million)
Table 35 Market in North America for Agriculture, By Country, 20152024 (USD Million)
Table 36 Safety Valve Market in Europe for Agriculture, By Country, 20152024 (USD Million)
Table 37 Market in APAC for Agriculture, By Country, 20152024 (USD Million)
Table 38 Market in RoW for Agriculture, By Country, 20152024 (USD Million)
Table 39 Market for Metal & Mining, By Region, 20152024 (USD Million)
Table 40 Market in North America for Metal & Mining, By Country, 20152024 (USD Million)
Table 41 Market in Europe for Metal & Mining, By Country, 20152024 (USD Million)
Table 42 Market in APAC for Metal & Mining, By Country, 20152024 (USD Million)
Table 43 Market in RoW for Metal & Mining, By Country, 20152024 (USD Million)
Table 44 Market in Paper & Pulp, By Region, 20152024 (USD Million)
Table 45 Market in North America for Paper & Pulp, By Country, 20152024 (USD Million)
Table 46 Market in Europe for Paper & Pulp, By Country, 20152024 (USD Million)
Table 47 Market in APAC for Paper & Pulp, By Country, 20152024 (USD Million)
Table 48 Market in RoW for Paper & Pulp, By Country, 20152024 (USD Million)
Table 49 Market for Food & Beverages, By Region, 20152024 (USD Million)
Table 50 Safety Valve Market in North America for Food & Beverages, By Country, 20152024 (USD Million)
Table 51 Market in Europe for Food & Beverages, By Country, 20152024 (USD Million)
Table 52 Market in APAC for Food & Beverages, By Country, 20152024 (USD Million)
Table 53 Market in RoW for Food & Beverages, By Country, 20152024 (USD Million)
Table 54 Safety Valves Market, By Region, 20152024 (USD Billion)
Table 55 Market in North America, By Country, 20152024 (USD Million)
Table 56 Market in North America, By Industry, 20152024 (USD Million)
Table 57 Market in Europe, By Country, 20152024 (USD Million)
Table 58 Safety Valves Market in Europe, By Industry, 20152024 (USD Million)
Table 59 Market in APAC, By Country, 20152024 (USD Million)
Table 60 Market in APAC, By Industry, 20152024 (USD Million)
Table 61 Market in RoW, By Country, 20152024 (USD Million)
Table 62 Market in RoW, By Industry, 20152024 (USD Million)
Table 63 Expansion (20132018)
Table 64 Top 5 Partnerships, Agreements, and Contracts (20132018)
Table 65 Top 5 Product Launch, Acquisition, and Others (20132018)
List of Figures (40 Figures)
Figure 1 Safety Valve Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Safety Valve Market Size (20152024)
Figure 6 1 to 6 to Hold Largest Size of Safety Valve Market By 2024
Figure 7 Safety Valve Market, By Material (2019 vs 2024): Steel Segment to Hold Largest Market in 2019 and 2024
Figure 8 Oil & Gas to Dominate Safety Valve Market During Forecast Period
Figure 9 APAC Held Largest Share of Safety Valve Market in 2018
Figure 10 Increasing Demand for Safety Valve in APAC Drives Market Growth
Figure 11 Cryogenic Safety Valve Market to Grow at Higher CAGR During Forecast Period
Figure 12 Energy & Power to Hold Largest Share of Saftey Valve Market in APAC in 2024
Figure 13 US to Hold Largest Share of Safety Valve Market in 2019
Figure 14 Market Dynamics of Safety Valve
Figure 15 Value Chain Analysis: Major Value Added During Raw Material and Component Suppliers, and Original Equipment Manufacturers Phases
Figure 16 Safety Valve Market, By Material
Figure 17 Steel to Hold Largest Size of Market By 2024
Figure 18 Safety Valve Market, By Size
Figure 19 1 to 6 Valves to Hold Largest Size of Market By 2024
Figure 20 Safety Valve Market, By Industry
Figure 21 Oil & Gas to Hold Largest Size of Market By 2024
Figure 22 APAC to Hold Largest Size of Market for Chemicals By 2024
Figure 23 APAC to Dominate Safety Valve Market for Building & Construction By 2024
Figure 24 APAC to Dominate Safety Valve Market for Metal & Mining By 2024
Figure 25 China to Hold Largest Size of Safety Valve Market in APAC for Metal & Mining By 2024
Figure 26 Geographic Snapshot (20192024): Safety Valve Market to Witness Significant Growth in APAC Countries During Forecast Period
Figure 27 North America: Safety Valve Market Snapshot
Figure 28 Europe: Safety Valve Market Snapshot
Figure 29 APAC: Safety Valve Market Snapshot
Figure 30 Organic and Inorganic Strategies Adopted By Companies Operating in Safety Valve Market
Figure 31 Major Safety Valve Manufacturers
Figure 32 Safety Valves Market (Global) Competitive Leadership Mapping, 2018
Figure 33 Emerson: Company Snapshot
Figure 34 Weir Group: Company Snapshot
Figure 35 Curtiss-Wright Corporation: Company Snapshot
Figure 36 Schlumberger: Company Snapshot
Figure 37 Robert Bosch GmbH: Company Snapshot
Figure 38 Baker Hughes: Company Snapshot
Figure 39 IMI PLC: Company Snapshot
Figure 40 Alfa Laval: Company Snapshot
The study involved 4 major activities to estimate the current market size for safety valve. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include valve magazines, valve association data, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the safety valves market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information, as well as verify and validate the critical numbers arrived at.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the safety valves market and other dependent submarkets listed in this report.
- Key players in the industry and markets have been identified through extensive secondary research.
- In terms of value, the industrys supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data have been triangulated by studying various factors and trends identified from both demand and supply sides in industrial and nonindustrial verticals.
Report Objectives
The following are the major objectives of the study.
- To describe and forecast the overall safety valve market, in terms of value, by material, size, and industry
- To describe and forecast the market, in terms of value, by regionNorth America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies,2 along with detailing competitive landscape for market leaders
- To benchmark players in the market using proprietary competitive leadership mapping, which analyzes market players on various parameters within broad categories of business and product strategies
- To analyze competitive developments such as joint ventures, mergers & acquisitions, and product launches, along with research and development (R&D) in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a companys specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Safety Valves Market