Safety Valves

Global Safety Valves Market to Reach US$7.8 Billion by 2030

The global market for Safety Valves estimated at US$5.1 Billion in the year 2024, is expected to reach US$7.8 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2024-2030. Stainless Steel, one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$2.6 Billion by the end of the analysis period. Growth in the Cryogenic segment is estimated at 7.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.3 Billion While China is Forecast to Grow at 10.9% CAGR

The Safety Valves market in the U.S. is estimated at US$1.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.1% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Global Safety Valves Market - Key Trends and Drivers Summarized

How Are Safety Valves Essential for Industrial Safety and Equipment Protection?

Safety valves are critical devices used in various industries to prevent excessive pressure build-up in systems, protecting equipment and ensuring the safety of personnel. These valves are designed to automatically release pressure when it exceeds a preset limit, preventing potential hazards like explosions, leaks, or system failures. Safety valves are indispensable in high-pressure applications, including oil and gas, chemical processing, power generation, and manufacturing, where controlling pressure levels is essential for operational safety. With advancements in valve technology, modern safety valves offer high precision, durability, and ease of maintenance, making them essential components in safety management systems.

What Are the Key Segments in the Safety Valves Market?

Types of safety valves include pressure relief valves, vacuum relief valves, and pilot-operated relief valves. Pressure relief valves are widely used in industries where overpressure conditions are common, such as in steam systems and chemical processing. Vacuum relief valves prevent implosions caused by negative pressure, particularly in storage tanks, while pilot-operated valves offer more precise pressure control, commonly used in applications requiring high sensitivity to pressure changes. Applications for safety valves include boilers, pressure vessels, pipelines, and storage tanks, with pressure vessels representing a significant segment due to strict safety regulations. End-user industries for safety valves encompass oil and gas, chemical, power generation, and manufacturing. The oil and gas sector holds the largest market share, as safety valves are essential in ensuring pressure control and preventing leaks in pipelines and processing facilities. Chemical processing also relies on safety valves to prevent hazardous leaks and ensure compliance with environmental regulations, while power plants utilize them in steam and hydraulic systems to maintain safe operating conditions.

How Are Safety Valves Applied Across Different Industries?

In the oil and gas industry, safety valves are used in pipelines, refineries, and offshore platforms to prevent accidents caused by overpressure, ensuring safe transport and processing of oil and gas. In the chemical industry, these valves provide essential protection against hazardous chemical releases, safeguarding equipment and personnel. Power plants rely on safety valves in boilers and steam systems, preventing dangerous pressure build-up and ensuring operational safety. Manufacturing industries also utilize safety valves in machinery and hydraulic systems to maintain optimal pressure and prevent equipment damage, supporting productivity and reducing maintenance costs.

What Factors Are Driving the Growth in the Safety Valves Market?

The growth in the Safety Valves market is driven by several factors, including strict regulatory standards, increasing industrialization, and advancements in valve technology. Innovations in valve design, such as improved sealing materials, high-temperature resistance, and electronic monitoring capabilities, have expanded their applications across sectors. The focus on enhancing safety, minimizing operational risks, and reducing downtime has further fueled demand, as safety valves provide critical protection in high-pressure environments. Additionally, growth in industries such as oil and gas, chemical processing, and power generation has contributed to market expansion, encouraging broader adoption of safety valves.

SCOPE OF STUDY:

The report analyzes the Safety Valves market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Material (Stainless Steel, Cryogenic, Cast Iron, Alloy, Other Materials); End-Use (Oil & Gas, Chemical, Building & Construction, Agriculture, Metal & Mining, Food & Beverages, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 33 Featured) -

• Alfa Laval
• Baker Hughes
• Bosch Rexroth
• Cameron–Schlumberger Ltd.
• Curtiss-Wright Corporation
• Danfoss
• Emerson Electric Co.
• Forbes Marshall
• General Electric
• IMI Plc
• LESER GmbH & Co. KG
• Spirax Sarco Limited
• Weir Group Plc

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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