Safety Valve Global Market Report 2025

The safety valve market size has grown strongly in recent years. It will grow from $5.17 billion in 2024 to $5.58 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. Growth during the historic period can be attributed to the expansion of oil and gas exploration activities, the development of power generation infrastructure, a rise in chemical plant installations, increasing emphasis on industrial safety, and heightened regulatory enforcement on pressure systems.

The safety valve market size is expected to see strong growth in the next few years. It will grow to $7.45 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. Growth during the forecast period can be attributed to the increasing adoption of automated safety systems, the expansion of renewable energy initiatives, the enforcement of more stringent safety compliance standards, accelerating industrialization in developing regions, and the growing use of cryogenic applications. Key trends anticipated in this period include advancements in valve design technology, integration of smart monitoring solutions, development of corrosion-resistant materials, implementation of predictive maintenance tools, and the rising use of 3D printing in component manufacturing.

The continued expansion of the oil and gas sectors is expected to drive the growth of the safety valve market in the coming years. These sectors encompass the exploration, extraction, refining, transportation, and distribution of oil and natural gas. Their growth is largely fueled by the increasing global demand for energy, as many developed nations continue to rely heavily on fossil fuels for transportation, industrial operations, and power generation, despite progress in renewable energy adoption. Safety valves play a vital role in the oil and gas industry by preventing overpressure conditions, thus protecting equipment, ensuring operational safety, and minimizing the risk of hazardous incidents. For instance, according to the U.S. Energy Information Administration, as of December 2022, U.S. oil production including crude oil and lease condensate averaged 12.2 million barrels per day and was projected to rise to 13.3 million barrels per day in 2023. Consequently, the growth of the oil and gas industry is a key driver for the safety valve market.

Leading companies in the safety valve industry are investing in advanced technologies such as electric tubing-retrievable safety valves (eTRSVs) to improve reliability, enable remote operation, and boost safety in oil and gas well applications. An eTRSV is a downhole safety mechanism that provides remote control of fluid flow and acts as an emergency shut-off to prevent blowouts, thereby protecting personnel, equipment, and the environment. For example, in February 2025, Halliburton Company, a U.S.-based manufacturer, introduced the latest version of its EcoStar electric tubing-retrievable safety valve. This next-generation valve eliminates the need for hydraulic systems in safety valve operations, enhancing safety, reliability, and operational efficiency in subsea environments. It employs a magnetic coupling system to separate the electric actuator and downhole electronics from the wellbore fluids, thereby increasing system durability and ensuring fail-safe closure during emergencies. With redundant electro-mechanical actuation and real-time monitoring, the valve boosts completion performance, enhances worker safety, lowers operational costs, and supports the move toward fully electrified well infrastructure.

In September 2022, Parker Hannifin Corporation, a U.S.-based company specializing in motion and control technologies, acquired Meggitt Ltd. for approximately $7.7 billion. This acquisition marks a strategic expansion of Parker Hannifin’s aerospace and defense offerings by incorporating Meggitt’s advanced technologies and product lines. The integration strengthens Parker’s capabilities and broadens its market reach, enabling it to deliver more innovative and comprehensive solutions to customers. Meggitt Ltd. is a UK-based manufacturer known for its safety valve technologies.

Major players in the safety valve market are Schlumberger Limited, Emerson Electric Co., Danfoss A/S, Bosch Rexroth AG, GEA Group Aktiengesellschaft (GEA Group AG), Alfa Laval AB, Crane Co., Curtiss-Wright Corporation, IMI plc, Mercer Valve Co. Inc., Spirax-Sarco Engineering plc, Watts Water Technologies Inc., Forbes Marshall Private Limited, Velan Inc., LESER GmbH & Co. KG, Armstrong International Inc., Goetze KG Armaturen, Taylor Valve Technology Inc., SUNRY Petroleum Equipment Co. Ltd., Yantai Jereh Oilfield Services Group Co. Ltd.

North America was the largest region in the safety valve market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in safety valve report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the safety valve market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A safety valve is a mechanical device engineered to automatically release pressure from a system once it surpasses a specified threshold, thereby preventing equipment damage or potential explosions. It is widely utilized in boilers, pressure vessels, and pipelines to ensure safe operation by keeping pressure levels within acceptable limits.

The primary types of safety valves include pressure relief valves, safety relief valves, vacuum relief valves, pop-action valves, pilot-operated valves, and other variants. Pressure relief valves are designed to automatically discharge excess pressure, safeguarding systems and equipment from damage caused by overpressure. These valves are constructed from a variety of materials such as steel, alloys, cast iron, cryogenic materials, and others. They are marketed through both direct and indirect distribution channels and are employed across multiple end-use sectors, including oil and gas, energy and power, food and beverage, chemicals, water and wastewater treatment, among others.

The safety valve market research report is one of a series of new reports that provides safety valve market statistics, including the safety valve industry global market size, regional shares, competitors with the safety valve market share, detailed safety valve market segments, market trends, and opportunities, and any further data you may need to thrive in the safety valve industry. This safety valve market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The safety valve market consists of sales of spring-loaded safety valves, dead weight safety valves, and thermal relief valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified.)

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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