Global Pressure Reducing Valve Market
市场规模(十亿美元)
CAGR : %
Forecast Period |
2024 –2031 |
Market Size (Base Year) |
USD 3.12 Billion |
Market Size (Forecast Year) |
USD 4.30 Billion |
CAGR |
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Major Markets Players |
>全球减压阀市场细分,按产品类型(直接作用和先导操作)、阀体材料(铸铁、铸钢、球墨铸铁、不锈钢、青铜和碳钢)、应用(蒸汽、气体和液体)、压力(50-200 psig、201-500 psig、501-800 psig 和 800 psig 以上)、温度(10 – 100 F、101-250 F、251-400 F、401-550 F、551-700 F 和 700 F 以上)、最终用户行业(化学工业、发电行业、酒店业、制药业、食品和饮料行业、纸浆和造纸行业、石油和天然气行业等)– 行业趋势和预测到 2031 年。
减压阀市场分析
由于技术进步和最新方法的出现,减压阀 (PRV) 市场正在经历显著增长。最近的创新包括配备物联网功能的智能 PRV,可实现实时监控和控制。这些智能阀门通过根据系统需求调节压力并提供预测性维护警报来提高运营效率和安全性。此外,材料和设计的进步(例如使用先进的复合材料和3D 打印)正在提高 PRV 的耐用性和精度。
随着对高效压力控制和节能的需求日益增加, PRV 的使用范围正在扩大到各个行业,包括水管理、石油和天然气以及 HVAC 系统。市场还受益于工业自动化和智能基础设施发展的不断提升。根据最近的报告,在这些技术进步以及对系统优化和降低成本日益重视的推动下,PRV 市场预计将以强劲的速度增长。
减压阀市场规模
2023 年全球减压阀市场规模价值 31.2 亿美元,预计到 2031 年将达到 43.0 亿美元,2024 年至 2031 年预测期内的复合年增长率为 4.10%。除了对市场价值、增长率、细分、地理覆盖范围和主要参与者等市场情景的见解外,Data Bridge Market Research 策划的市场报告还包括深入的专家分析、按地理表示的公司生产和产能、分销商和合作伙伴的网络布局、详细和更新的价格趋势分析以及供应链和需求的赤字分析。
减压阀市场趋势
“工业自动化需求不断增长”
The pressure reducing valve market is experiencing significant growth due to the increasing adoption of industrial automation across various sectors. Automated systems require precise control of fluid and gas pressures, making pressure reducing valves essential. Industries such as manufacturing, oil and gas, and chemical processing are driving this trend. For instance, in the manufacturing sector, the rise in automated production lines demands accurate pressure regulation to ensure smooth and efficient operations. This trend is bolstering the demand for advanced pressure reducing valves that offer reliability and precision, thereby fueling market expansion.
Report Scope and Pressure Reducing Valve Market Segmentation
Attributes |
Pressure Reducing Valve Key Market Insights |
Segments Covered |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Key Market Players |
Spirax Sarco Limited (U.K.), Forbes Marshall (India), Nutech Controls (India), Armstrong International Inc. (U.S.), CONTRO VALVE EQUIPMENT INC. (Canada), Richards Industrials (U.S.), Honeywell International Inc. (U.S.), Watts Water Technologies EMEA (U.S.), Eaton (Ireland), KSB SE & Co. KGaA (Germany), PARKER HANNIFIN CORP (U.S.), RWC (Australia), Mueller Water Products, Inc. (U.S.), TALIS Beteiligungs GmbH (Germany), Aalberts N.V. (Netherlands), CIRCOR International, Inc. (U.S.), ITAP (Italy), Caleffi S.p.a. (Italy), and HAWE Hydraulik SE (Germany) |
Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand. |
Pressure Reducing Valve Market Definition
A pressure reducing valve (PRV) is a device designed to control and maintain a consistent output pressure in a fluid system, regardless of changes in the input pressure. It achieves this by reducing the high pressure from the source to a lower, stable level. PRVs are widely used in water supply systems, gas pipelines, and hydraulic circuits to protect equipment from excessive pressure, ensure safe operation, and improve system efficiency. By regulating pressure, PRVs prevent damage, reduce energy consumption, and maintain optimal performance in various industrial and residential applications.
Pressure Reducing Valve Market Dynamics
Drivers
- Rising Demand for Oil and Gas
The expanding oil and gas sector, particularly in emerging markets such as the Middle East and Africa, significantly drives the pressure reducing valve market. For instance, ongoing exploration projects in the UAE require reliable pressure management to ensure safety and efficiency during extraction and refining processes. As these activities grow, the demand for pressure reducing valves to control and stabilize pressures in various stages increases, boosting market growth.
- Growth in HVAC Systems
The growth in HVAC systems drives the pressure reducing valve market by increasing the need for precise pressure management. For instance, in commercial buildings such as office complexes and shopping malls, HVAC systems require pressure reducing valves to regulate airflow and maintain efficiency. This ensures optimal performance and energy savings, boosting demand for these valves as HVAC systems expand and evolve.
Opportunities
- Increasing Demand in Residential Sector
The surge in residential construction and renovation projects drives significant opportunities in the pressure reducing valve market. For instance, as new housing developments and home renovations increase, the need for reliable water supply systems becomes critical. Pressure reducing valves are essential in managing water pressure to prevent damage and ensure safety. This growing demand in residential areas presents a lucrative opportunity for market expansion and innovation.
- Advancements in Technology
The emergence of digital and smart pressure reducing valves creates significant opportunities in the market. These advanced valves, equipped with sensors and real-time data monitoring, enhance precision and control in various applications. For instance, the use of smart valves in HVAC systems allows for optimized energy usage and reduced operational costs. As industries increasingly adopt these technologies, the market for advanced pressure reducing valves is set to expand.
Restraints/Challenges
- High Initial Cost
Pressure reducing valves often come with a high initial cost due to their complex design and the use of high-quality materials. This significant upfront expense can deter small and medium enterprises from investing in these systems, which limits the potential for market growth. The high costs create a barrier to entry for smaller players, hindering the overall expansion of the market.
- Complexity in Installation and Maintenance
Pressure reducing valves require precise installation and maintenance, which demands specialized knowledge and expertise. This complexity often leads to higher labor costs and increased downtime. The need for skilled personnel and potential operational disruptions can hinder overall efficiency and affect market growth. The intricacies involved in ensuring optimal performance can be a significant barrier for widespread adoption.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Pressure Reducing Valve Market Scope
The market is segmented on the basis of product type, body material, application, pressure, temperature, and end user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Direct Acting
- Residential
- Commercial
- Industrial
- Pilot Operating
Body Material
- Cast Iron
- Cast steel
- Ductile Iron
- Stainless steel
- Bronze
- Carbon steel
Application
- Steam
- Gas
- Liquid
Pressure
- 50-200 psig
- 201-500 psig
- 501-800 psig
- Above 800 psig
Temperature
- 10 – 100 F
- 101-250 F
- 251-400 F
- 401-550 F
- 551-700 F
- Above 700 F
End User Industry
- Chemical Industry
- Power Generation Industry
- Hospitality Industry
- Pharmaceuticals Industry
- Food and Beverage Industry
- Pulp and Paper industry
- Oil and Gas Industry
- Others
Pressure Reducing Valve Market Regional Analysis
The market is analyzed and market size insights and trends are provided by product type, body material, application, pressure, temperature, and end user industry as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the pressure reducing valve market and will continue its trend of dominance during the forecast period. This growth is driven by the increased adoption of pipeline transportation and power projects. Enhanced infrastructure investments and a surge in energy projects are key factors fueling this market expansion.
Asia-Pacific is projected to undergo substantial growth in the pressure reducing valve market during the forecast period. This growth is driven by rapid industrialization and increasing oil and gas exploration activities. The region's expanding infrastructure and demand for efficient pressure control solutions contribute to its anticipated high CAGR.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Pressure Reducing Valve Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Pressure Reducing Valve Market Leaders Operating in the Market Are:
- Spirax Sarco Limited (U.K.)
- Forbes Marshall (India)
- Nutech Controls (India)
- Armstrong International Inc. (U.S.)
- CONTRO VALVE EQUIPMENT INC. (Canada)
- Richards Industrials (U.S.)
- Honeywell International Inc. (U.S.)
- Watts Water Technologies 欧洲、中东和非洲 (美国)
- 伊顿(爱尔兰)
- KSB SE & Co. KGaA(德国)
- 派克汉尼汾公司(美国)
- RWC(澳大利亚)
- Mueller Water Products, Inc.(美国)
- TALIS Beteiligungs GmbH(德国)
- Aalberts NV(荷兰)
- CIRCOR International, Inc.(美国)
- ITAP(意大利)
- Caleffi Spa(意大利)
- HAWE Hydraulik SE(德国)
减压阀市场的最新发展
- 2021 年 6 月,全球水技术领导者赛莱默推出了配备尖端智能技术的先进排水泵 Flygt Bibo Alpha。这款创新型泵专为美国市场量身定制,采用智能技术,可提高各种排水应用的运行效率和可靠性,为行业树立了新标准
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研究方法
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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