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This market report serves as an effective planning guide for new and established pressure relief valve (PRV) and devices suppliers. Pressure relief valves and devices such as rupture discs are employed for plant safety in the event of over-pressurization.
2017 was the year of resurrection for the pressure relief valves and devices market after a year of slowdown due to the crash in global oil prices in 2015. The global market witnessed a significant rise in shipments during 2018. The appreciation of oil prices through much of 2018 brought about an increasing demand for pressure relief products from customers in the oil and gas, refining, and petrochemical manufacturing industry across parts of North America, Asia, and Middle East. There was also substantial growth witnessed in the aftermarket and service segment with the increase in replacement sales, maintenance, repair, and other digital lifecycle maintenance services.
New projects in oil and gas midstream pipelines and LNG terminals, announcement of production cuts by OPEC members, US imposed tariffs on products imported from China, and threat of war between US and Iran are a few macro trends impacting the pressure relief valves and devices market in the forecast period. Pressure relief valve digitalization and operations management is expected to continue gaining traction among end users over the forecast period of this report.
Well-planned strategies are invaluable for pressure relief valve suppliers to maintain their current market positions. A few strategies that ARC suggests to compete on a global turf include:
This market study may be purchased as an Excel Workbook and/or as a PDF File. The Workbook has some unique features such as the ability to view data in local currency. Regional studies include country and industry market data. Country studies include market trends and industry data. Studies and formats available are listed below:
MIRA Workbook | PDF File | |
Worldwide (includes regional data) | Yes | Yes |
North America (includes country data) | Yes | No |
Latin America (includes country data) | Yes | No |
Europe, Middle East, Africa (includes country data) | Yes | No |
Asia (includes country data) | Yes | No |
Country Profiles (includes Country Data) | No | Yes |
Countries included in each region.
Table of contents for these studies is shown in the following paragraphs.
The research identifies all relevant suppliers serving this market.
Contact us for the countries available for this study.