Pressure Relief Valve Global Market Report 2025

The pressure relief valve market size has grown strongly in recent years. It will grow from $4.97 billion in 2024 to $6.13 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth during the historic period can be attributed to rising industrial safety standards, increasing demand in the oil and gas sector, growing investments in the chemical industry, expanding power generation requirements, and the growth of pharmaceutical manufacturing activities.

The pressure relief valve market size is expected to see strong growth in the next few years. It will grow to $6.13 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to an increased focus on equipment protection, expanding energy infrastructure projects, growth in water treatment facilities, rising activity in marine and shipbuilding industries, and greater adoption in HVAC systems. Key trends during this period include integration with Industry 4.0 technologies, technology-driven customization, advancements in eco-friendly materials, incorporation into renewable energy systems, and improvements in valve actuation mechanisms.

The rising demand for energy is expected to drive the growth of the pressure relief valve market in the coming years. This surge in energy consumption is primarily fueled by rapid industrialization, as expanding industries require substantial power to operate machinery, support manufacturing processes, and sustain higher production volumes. Pressure relief valves play a crucial role in energy systems by protecting equipment from excessive pressure, preventing damage, and enhancing overall efficiency and reliability. For example, according to a November 2023 report by Statistics Canada, the country’s primary energy production increased by 3.9% in 2022, reaching 22,616 petajoules, following a 4.5% rise in 2021. This escalating energy demand is thus a significant factor propelling the pressure relief valve market forward.

Key players in the pressure relief valve market are innovating with advanced products like pilot-operated relief valves to boost safety, performance, and precise pressure control in industrial settings. A pilot-operated relief valve utilizes a small pilot valve to regulate the main valve’s operation, releasing excess pressure when it surpasses preset limits. This mechanism ensures system safety and prevents damage due to overpressure. For instance, in January 2024, Emerson Electric Co., a US-based engineering firm, launched the Fisher 63EGLP-16 pilot-operated relief valve. This model offers superior safety and reliability for pressurized systems, featuring a dual-pilot design that allows maintenance without system depressurization, thereby reducing downtime. It also meets stringent industry standards, including ASME and NFPA 58, guaranteeing durability and high performance.

In January 2024, Control Devices LLC, a US-based manufacturer specializing in high-quality pressure relief valves, acquired Gilmore Valve Corporation for an undisclosed sum. This acquisition aims to bolster Control Devices’ presence in the control valve and pressure relief valve markets by leveraging Gilmore’s expertise in designing robust flow control solutions tailored for harsh and demanding environments within the energy sector. Gilmore Valve Corporation is recognized for its advanced flow control products, including valves and pressure relief systems, serving the energy industry.

Major players in the pressure relief valve market are Honeywell International Inc., General Electric Company, Parker-Hannifin Corporation, Emerson Electric Co., Danfoss A/S, Bosch Rexroth AG, Alfa Laval AB, GE Measurement & Control Solutions, Pentair plc, The Weir Group PLC, Crane Company, IMI plc, Watts Water Technologies Inc., Rotork plc, Spirax-Sarco Limited, LESER GmbH & Co. KG, Taylor Valve Technology Inc., Goetze KG Armaturen, Mercury Manufacturing Company Inc., AGF Manufacturing Inc.

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

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

A pressure relief valve (PRV) is a safety device designed to automatically release pressure from a system once it surpasses a predetermined limit, thereby preventing equipment damage or explosions. It functions by opening at a specific pressure point to allow excess fluid or gas to escape. PRVs are commonly used in industries such as oil and gas, chemical processing, and power generation to ensure the safe operation of pressurized systems.

The main types of pressure relief valves include spring-loaded pressure relief valves, pilot-operated pressure relief valves, safety relief valves, pressure vacuum relief valves, temperature and pressure relief valves, hydraulic relief valves, and pilot-operated safety relief valves. A spring-loaded pressure relief valve is a safety device that automatically opens to release excess pressure when the system pressure goes beyond a preset limit, helping to prevent equipment damage and safety risks. These valves are made from materials like forged steel, cast steel, stainless steel, bronze, and cast iron. They operate over a wide pressure range, including low pressure (up to 100 psi), medium pressure (101 to 500 psi), high pressure (over 500 psi), and ultra-high pressure (over 1000 psi). These valves are distributed through both direct and indirect sales channels and find applications in various industries such as textile, oil and gas, energy and power, chemical plants, leather, food and beverage, and other industrial sectors.

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

The pressure relief valve market consists of revenues earned by entities by providing services such as inspection and diagnostics, calibration, testing, repair and reconditioning, setting pressure adjustment, and valve re-certification. The market value includes the value of related goods sold by the service provider or included within the service offering. The pressure relief valve market also includes sales of products including spring-loaded pressure relief valves, pilot-operated relief valves, balanced bellows pressure relief valves, thermal relief valves, low-pressure relief valves, and vacuum 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 that 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.

This product will be delivered within 3-5 business days.