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.

Digitalization Makes Inroads in the Pressure Relief Valves and Devices Market

ARC Advisory Group’s research on the Pressure Relief Valves and Devices Market reveals that the ongoing digitalization trend is expected to generate higher sales for pressure relief valves (PRV) and accompanying smart remote monitoring devices, in both new construction projects and retrofits. With the increasing emphasis on the digitalization of assets in the process industries, valve suppliers, automation companies, and OT providers are working towards digitalizing valve assets for condition monitoring and predictive maintenance. Different types of active PRV operations management solutions are being offered in the current market. PRV digitalization and operations management is expected to continue gaining traction amongst end users over the forecast period of this report.

Pressure Relief Valves & Devices Strategic Issues

In addition to providing a five-year market forecast, the Pressure Relief Valves & Devices market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Carefully Review Specific Operational Requirements

Users should take the time to understand their specific pressure relief operational requirements to select the right PRV technology that will best meet the requirements of their respective project operational challenges, such as process pressure, flow rate, and other related factors. Users may want to consult with suppliers to determine the apt technologies (spring operated, or pilot operated) could be deployed to enhance their operational efficiencies and mitigate losses or malfunction. With their broader application experience in leak detection and periodic overhaul, suppliers are often in a better position to find a solution for a customer’s requirement that the customer was not aware.

Ensure Optimum System Performance

Due to the nature of operation, pressure relief valves are prone to frequent maintenance and overhaul. Also, due to the sheer number of PRVs operating in a plant, failure in monitoring and avoiding unaccounted leakages from several PRVs may lead to large amassed value of emission and energy loss. To be better equipped to avoid such losses, users should work closely with suppliers during the installation and implementation phase to learn about and better understand any potential operational or maintenance nuances. Users that lack the necessary in-house technical expertise may want to consider outsourcing some or all the operational activities to a capable and proven third party, being careful to ensure that mechanisms are in place to secure their production. Learning how the system handles critical malfunction, transient conditions, and other operational issues prior to decision and installation may save time, resources, and also avert major catastrophes, down the road.

Digital Solution Providers vs. Traditional Product Suppliers

The pressure relief valve space is witnessing an evolution in the forecast period, with several key market participants transforming their business from mere equipment manufacturers and suppliers to complete solution providers. To effectively limit PRV malfunction and leakages to reduce the overall carbon footprint in process industries, few of the key suppliers are devising a digital solution with the aid of a complementing smart device for real-time monitoring and alarm management. These devices can be easily retrofitted to a conventional PRV and transmit the operational key parameter data wirelessly.