According to a market report by Lucintel, the future of the global pressure relief valves market looks promising with opportunities in the oil and gas, chemical, power generation, food and beverage, manufacturing, and water and wastewater markets. The global pressure relief valves market is expected to reach an estimated $5.70 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increasing demand from the oil and gas industry, growing adoption of nuclear energy, and rising regulations related to industrial procedures.

In this market, low, high, and medium are the major segments of pressure relief valves market by pressure.

Lucintel forecasts that low presssure is expected to witness highest growth over the forecast period.

Within this market, power generation will remain the largest segment.

APAC will remain the largest segment over the forecast period.

AGF Manufacturing, Alfa Laval, Imi Plc, Watts Water Technologies, Curtis-Wright, General Electric, Goetze KG Armaturen, The Weir, Emerson Electric, and Mercury Manufacturing are the major suppliers in the pressure relief valves market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com