Global Rupture Disc Market 2016-2020
About Rupture Disc
A rupture disc is a non-reclosing pressure relief device that is used to protect a pressure vessel or process system from over pressurization. It is used in production process systems across the oil and gas, chemical, power, pharmaceutical, food and beverage, pulp and paper, and aviation industries. A rupture disc controls and expels the excess pressure generated by the flow of fluids, gas, or steam in the process system by rupturing. It is used across industries because it is lightweight and leak-proof and fulfills low-cost, high-performance speed, and lower maintenance requirements.
Technavio’s analysts forecast the global rupture disc market to grow at a CAGR of 1.77% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global rupture disc market for 2016-2020. To calculate the market size, the report considers the demand for rupture discs from various end-user segments.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Rupture Disc Market 2016-2020
Technavio recognizes the following companies as the key players in the global rupture disc market: BS&B Safety Systems, Continental Disc, Fike, Halma, and Pentair.
Other Prominent Vendors in the market are: Donadon SDD, GRUPA WOLFF, LESER, Mersen, Parker Hannifin, REMBE, SGL, Shanghai Hua Li Safety Device, STRIKO Verfahrenstechnik, TECHNETICS, V-TEX, and ZOOK.
Commenting on the report, an analyst from Technavio’s team said: “The number of natural gas vehicles (NGVs) is experiencing an exponential growth over the last decade. NGVs grew from 9.8 million in 2008 to approximately 14.6 million in 2012. It is expected that by the end of 2016, the number of NGVs will increase to around 20 million. The global estimates for NGVs are expected to increase further during the forecast period to more than 60 million by 2020. In conjunction with the trend of cleaner fuel vehicles, the sales of fuel cell vehicles (FCVs) are also expected to increase significantly over the forecast period. The sales of FCVs are expected to surpass 232,000 by 2025.”
According to the report, growing demand for fast-acting relief devices will be a key driver for market growth. Globally, there is an increase in the demand for relief devices that are fast acting. Some process systems require relief devices to act instantly when the system pressure increases. The reaction of time of rupture discs is much faster than pressure relief valves. Therefore, industries prefer the use of rupture discs in heat exchangers over pressure relief valves. Pressure relief valves do not respond quickly when subjected to excessive pressure from gas or vapor media or when liquid flashing occurs. Thus, the ability to burst quickly makes rupture discs the preferred choice among many industries.
Further, the report states that fluctuations in the raw material prices impact the productivity of vendors, in terms of the number of units they need to manufacture. When the price of these raw materials increases, vendors have to bear the excess cost of ownership. This is because the highly competitive nature of the market makes it difficult for vendors to pass on the excess cost to the end-users, and results in declining profit margins. Also, the necessity for constant maintenance and support from vendors increases the overall cost of ownership and affects their profit margins. Thus, rupture disc vendors are constantly under pressure to deal with price fluctuations to remain competitive. This constitutes a challenge for them and restricts the growth of the global rupture disc market.
BS&B Safety Systems, Continental Disc, Fike, Halma, Pentair, Donadon SDD, GRUPA WOLFF, LESER, Mersen, Parker Hannifin, REMBE, SGL, Shanghai Hua Li Safety Device, STRIKO Verfahrenstechnik, TECHNETICS, V-TEX, ZOOK.