Quick Summary:
In the competitive, high-stakes landscape of the Global Safety Valves Market, the right insights can catapult your organization to unprecedented growth. Our latest market research report proves to be an indispensable tool for any executive seeking a competitive edge, presenting comprehensive market trends and forecasts that can guide strategic decision-making. Estimated at US$4 Billion in 2022, this market's potential is significant, with projections suggesting it will grow to US$7.8 Billion by 2030.
The report provides in-depth analyses on various segments within the industry, including Stainless Steel and Cryogenic components. Additionally, it maps the growth prospects in key markets including the U.S., China, Japan, Canada, and Europe, with particular emphasis on the impressive CAGR forecasted for China. Our research also includes a comprehensive outline of the competitive landscape, featuring top industry players. This report is undeniably a valuable guidance for seizing growth opportunities in the Global Safety Valves Market.
Global Safety Valves Market to Reach $7.8 Billion by 2030
The global market for Safety Valves estimated at US$4 Billion in the year 2022, is projected to reach a revised size of US$7.8 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2022-2030. Stainless Steel, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$2.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cryogenic segment is readjusted to a revised 9.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 13.8% CAGR
The Safety Valves market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 13.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.Select Competitors (Total 33 Featured) -
- Alfa Laval
- Baker Hughes
- Bosch Rexroth
- Cameron-Schlumberger Ltd.
- Curtiss-Wright Corporation
- Danfoss
- Emerson Electric Co.
- Forbes Marshall
- General Electric
- IMI Plc
- LESER GmbH & Co. KG
- Spirax Sarco Limited
- Weir Group Plc
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Safety Valves?
What is the growth rate of the Global Market for Safety Valves?
What is the forecasted size of the Global Market for Safety Valves?
Who are the key companies in the Global Market for Safety Valves?
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 4 Billion |
| Forecasted Market Value ( USD | $ 7.8 Billion |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alfa Laval
- Baker Hughes
- Bosch Rexroth
- Cameron–Schlumberger Ltd.
- Curtiss-Wright Corporation
- Danfoss
- Emerson Electric Co.
- Forbes Marshall
- General Electric
- IMI Plc
- LESER GmbH & Co. KG
- Spirax Sarco Limited
- Weir Group Plc
