
Rising demand for valves from the pharmaceutical industry as a result of the COVID-19 pandemic, a growing focus on the development of smart cities globally, a growing need for connected networks to maintain and monitor industrial equipment, and a surge in the requirement for establishing new nuclear power plants and revamping existing ones are driving the alloy safety valve market.
Data Bridge Market Research analyses that the alloy safety valve market was valued at USD 3.69 billion in 2021 and is expected to reach the value of USD 5.75 billion by 2029, at a CAGR of 5.70% during the forecast period. 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.
Market Definition
Safety valves are also known as precautionary and preventive valves because they activate automatically when the current safety valve pressure and temperature are exceeded. Valves are critical in protecting both employees and the environment around plants. These primarily operate at a predetermined pressure to protect equipment from unsafe pressure. Furthermore, these valves protect the employees and the environment around the plants.
Drivers
· High need for flow control equipment
- Expansion of pipelines across the world
COVID-19 Impact on Alloy Safety Valve Market
A large number of people have been affected by the global COVID-19 epidemic. As a result of this global epidemic, many people have died. It has had an impact on the adaptability and growth of several industries. Various industrial activities of end users were suspended during the ban, resulting in a decrease in market demand for alloy safety valve and a decrease in sales revenue. Supply chain networks have also been disrupted, causing interest rates to fall. However, by strategizing according to market needs, the alloy safety valve market is expected to recover from this global epidemic by the end of the third quarter of next year.
The countries covered in the alloy safety valve market report are
· 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,
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Some of the major players operating in the alloy safety valve market are:
- Emerson Electric Co. (U.S.)
- Schlumberger Limited. (U.S.)
- Flowserve Corporation (U.S)
- IMI (India) .
- Metso Corporation (Finland)
- GE VALVE (India)
- Curtiss-Wright Corporation (U.S.)
- Crane Co. (U.S.)
- Neway valve. (China)
- McWane, Inc. (U.S.)
- ALFA LAVAL (Sweden)
- Rotork (U.K.)
- KITZ Corporation (Japan)
- KSB SE & Co. KGaA (Germany)
- Velan Inc. (Canada)
- Spirax-Sarco Engineering plc (U.K.)
- SAMSON AG (Germany)
- Forbes Marshall (India)
- Swagelok Company (U.S.)
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major toc of the report:
· Market Size
· Market New Sales Volumes
· Market Replacement Sales Volumes
· Market Installed Base
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