Pressure Relief Valves and Devices

The Pressure Relief Valves and Devices market research study delivers current market analysis plus a five year market and technology forecast.  The study is available in multiple editions including worldwide, all regions, and most major countries.

Influence of Digitalization on Pressure Relief Valves and Devices Market Is Growing

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.

Pressure Relief Valves & Devices Strategic Issues

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:

• Opt for a digital solution provider over traditional product suppliers
• Collaborate with your main valve contractor
• Bring intelligence to pressure relief valve  operations
• Go beyond technology in supplier evaluations
• Evaluate supplier remote service offerings

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