Safety Valves Market by Size (Up to 1 inch, 1–6 inch, 6 – 25 inch, 25 – 50-inch, 50 inch, and Above), Material (Stainless Steel, Cast Iron, Alloy, Cryogenic), Industry (Oil & Gas, Energy & Power, Water & Wastewater), and Region - Global Forecast to 2024

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Date: 16-Apr-2019
No. of pages: 130
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Increasing demand for safety valve from the oil & gas and energy & power industries drives market growth

The safety valve market is expected to grow at a CAGR of 4.30% from 2019 to 2024,to reach USD 5.5 billion by 2024 from USD 4.5 billion in2019. Importance of safety valves in industrial processes, increased need from oil & gas, growth in nuclear energy generation are among the key driving factors for the safety valve market. Constant need for safety valve replacement, use of 3D printers in manufacturing lines are among the other factors fueling the growth of the safety valve market. However, the high cost of fabrication can hinder the growth of the safety valve market.

Market for 1” to 6” safety valve to witness significant growth during the forecast period

The safety valve market, by size, is segmented into Up to 1”, 1” to 6”, 6” to 25”, 25” to 50” and 50” and larger. The 1” to 6” based safety valve market is expected to witness significant growth during the forecast period. This growth is attributed to the This growth is attributed to increasing demand for energy and power-based applications; as a result, there is an increase in the use of 1"–6" valves in oil & gas, energy & power, water & wastewater treatment, chemicals, and other industries.

APAC to hold the largest share of the safety valve market from 2019 to 2024

In terms of market size, APAC is expected to dominate the safety valve market during the forecast period as it is likely to witness significant growth in the said market during the forecast period. The population growth and rapid urbanization in developing economies, such as China and India, have prompted the speedy development in the region, which will boost the demand for safety valve from several industries such as energy & power, water & wastewater treatment, construction, chemicals, pharmaceuticals, and oil & gas.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key officials in the safety valve market.

Following is the breakup of the profiles of primary participants for the report.


  • By Company Type: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 – 20%

  • By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%

  • By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW – 5%


The report profiles key players in the safety valve market and analyzes their market rankings. Players profiled in this report are Emerson Electric Co. (US),LESER (Germany), Cameron–Schlumberger Ltd.(US), IMI Plc.(Finland), Weir Group Plc (UK),Baker Hughes (US),Bosch Rexroth (Germany), Forbes Marshall (India),Curtiss-Wright Corporation (US), Alfa Laval (Sweden), FRESE (Denmark), ARI-Armaturen (Germany), Danfoss (Denmark), Taylor Valve Technology (US), SMC Corporation (Japan), GEA (Germany), Aquatrol Valve Company (US), Parket-Hannifin (US), VYC Industrial (Spain), and Swagelok (US).

Research Coverage

This report segments the safety valve market by material, size, industry, and geography. The report also describes major drivers, restraints, challenges, and opportunities pertaining to this market, as well as includes value chain and market ranking analysis.

Reasons to Buy This Report

The report will help leaders/new entrants in the safety valve market in the following ways:


  • The report segments the safety valve market comprehensively and provides the closest market size estimation for all sub segments across regions.

  • The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the safety valve market.

  • The report will help stakeholders understand their competitors better and gain insights to improve their position in the safety valve market. The competitive landscape section describes the competitor ecosystem.

Safety Valves Market by Size (Up to 1 inch, 1–6 inch, 6 – 25 inch, 25 – 50-inch, 50 inch, and Above), Material (Stainless Steel, Cast Iron, Alloy, Cryogenic), Industry (Oil & Gas, Energy & Power, Water & Wastewater), and Region - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Breakdown of Primaries
2.1.3.2 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Safety Valve Market
4.2 Safety Valve Market, By Material
4.3 Safety Valve Market in APAC, By Country and Industry
4.4 Safety Valve Market, By Country (2019)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Importance of Safety Valves in Industrial Processes
5.2.1.2 Increased Need From Oil & Gas
5.2.1.3 Growth in Nuclear Energy Generation
5.2.2 Restraints
5.2.2.1 Decline in Oil and Gas Extraction
5.2.3 Opportunities
5.2.3.1 Constant Need for Safety Valve Replacement
5.2.3.2 Use of 3D Printers in Manufacturing Lines
5.2.4 Challenges
5.2.4.1 High Cost of Fabrication
5.3 Value Chain Analysis

6 Safety Valve Market, By Material
6.1 Introduction
6.2 Steel
6.2.1 Steel to Dominate Safety Valve Market During Forecast Period
6.3 Cast Iron
6.3.1 Cast Iron for Safety Valves Gained Traction in Water & Wastewater Industry and Hydroelectric Power Plants
6.4 Alloy
6.4.1 Alloy-Based Safety Valves Play Significant Role in Overall Safety Valve Market
6.5 Cryogenic
6.5.1 Cryogenic Valves to Grow at Fastest Rate
6.6 Others
6.6.1 Brass
6.6.2 Bronze
6.6.3 Plastic

7 Safety Valves Market, By Size
7.1 Introduction
7.2 Up to 1"
7.2.1 Up to 1" Safety Valves to Witness Significant Growth
7.3 1" to 6"
7.3.1 1" to 6" Safety Valves to Dominate the Market During Forecast Period
7.4 6" to 25"
7.4.1 6" to 25" Safety Valves to Drive the Market for High Pressure Applications
7.5 25" to 50"
7.5.1 Chemicals, Energy & Power, and Pharmaceutical Plants are Key Industries for 25" to 50" Safety Valves for High Temperature and Pressure Handling Applications
7.6 50" and Larger
7.6.1 50" and Larger Safety Valves to Drive Market for Oil & Gas, Power, and Petrochemicals

8 Safety Valve Market, By Industry
8.1 Introduction
8.2 Oil & Gas
8.2.1 Oil & Gas Industry to Dominate the Safety Valves Market During the Forecast Period
8.3 Energy & Power
8.3.1 Energy & Power Industry to Witness Significant Growth in Safety Valves Market
8.4 Chemicals
8.4.1 APAC Dominates the Safety Valves Market for Chemical Industry
8.5 Water & Wastewater
8.5.1 Water & Wastewater is Expected to Be Fastest Growing Industry for Safety Valves Market Owing to Modernizing the Aging Water Infrastructure and Increased Investments in Smart Cities
8.6 Building & Construction
8.6.1 Building & Construction Industry is Expected to Witness Significant Growth Owing to Urbanization and Smart Infrastructure
8.7 Pharmaceuticals
8.7.1 APAC to Drive Safety Valves Market for Pharmaceuticals
8.8 Agriculture
8.8.1 Irrigation and Precision Farming are Key Application Areas of Safety Valves for Agriculture Industry
8.9 Metal & Mining
8.9.1 APAC to Drive Safety Valves Market for Metal & Mining
8.10 Paper & Pulp
8.10.1 APAC to Dominate the Safety Valves Market for Paper & Pulp Industry During the Forecast Period
8.11 Food & Beverages
8.11.1 Food & Beverage Industry to Witness Significant Growth in Safety Valves Market
8.12 Others

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US is Fastest-Growing Country for Safety Valves in North America
9.2.2 Canada
9.2.2.1 Growth in Oil & Gas Drives Safety Valve Market in Canada
9.2.3 Mexico
9.2.3.1 Increased Spending in Energy Sector Drives Safety Valve Market in Mexico
9.3 Europe
9.3.1 Germany
9.3.1.1 Upcoming Water and Wastewater Treatment Projects Drive Safety Valve Market in Germany
9.3.2 UK
9.3.2.1 UK Held Largest Share of Safety Valve Market in Europe
9.3.3 France
9.3.3.1 Investment in Nuclear Power Generation to Boost Safety Valve Market Growth in France
9.3.4 Italy
9.3.4.1 Upgrades in Water and Wastewater Treatment Infrastructure to Boost Demand for Safety Valve in Italy
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 China Held Largest Share of Safety Valve Market in APAC in 2018
9.4.2 Japan
9.4.2.1 Increasing Investment in Renewable Energy and Power Generation in Japan Will Increase Demand for Safety Valves in Japan
9.4.3 India
9.4.3.1 India is Among Fastest-Growing Countries for Safety Valve Market
9.4.4 South Korea
9.4.4.1 Various Projects for Semiconductors and Chemicals to Boost Safety Valve Market in South Korea
9.4.5 Rest of APAC
9.5 RoW
9.5.1 South America
9.5.1.1 Growth in Oil & Gas Will Drive Safety Valve Market in South American Countries
9.5.2 Middle East
9.5.2.1 Middle East to Hold Largest Share of Safety Valve Market in RoW By 2024
9.5.3 Africa
9.5.3.1 Investment in Water & Wastewater Treatment and Energy & Power is Driving Safety Valve Market

10 Competitive Landscape
10.1 Overview
10.2 Market Rank Analysis
10.3 Competitive Situations and Trends
10.3.1 Expansion
10.3.3 Others
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Dynamic Differentiators
10.4.3 Innovators
10.4.4 Emerging Companies
10.5 Product Offering (For All 27 Players)
10.6 Business Strategy Excellence (For All 27 Players)

11 Company Profile
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 Key Players
11.1.1 Emerson
11.1.2 Weir Group
11.1.3 Forbes Marshall
11.1.4 Curtiss-Wright Corporation
11.1.5 Schlumberger
11.1.6 Bosch Rexroth
11.1.7 Baker Hughes (A GE Company)
11.1.8 IMI PLC
11.1.9 Alfa Laval
11.1.10 Leser
11.2 Other Ecosystem Players
11.2.1 Frese
11.2.2 ARI-Armaturen
11.2.3 Danfoss
11.2.4 Swagelok
11.2.5 Taylor Valve Technology
11.2.6 SMC Corporation
11.2.7 GEA Group
11.2.8 Aquatrol Valve Company
11.2.9 Parker-Hannifin
11.2.10 VYC Industrial

*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables

Table 1 Safety Valve Market, By Material, 2015–2024 (USD Billion)
Table 2 Safety Valve Market, By Size, 2015–2024 (USD Billion)
Table 3 Safety Valve Market, By Industry, 2015–2024 (USD Billion)
Table 4 Safety Valve Market for Oil & Gas, By Region, 2015–2024 (USD Million)
Table 5 Safety Valve Market in North America for Oil & Gas, By Country, 2015–2024 (USD Million)
Table 6 Safety Valve Market in Europe for Oil & Gas, By Country, 2015–2024 (USD Million)
Table 7 Safety Valve Market in APAC for Oil & Gas, By Country, 2015–2024 (USD Million)
Table 8 Safety Valve Market in RoW for Oil & Gas, By Country, 2015–2024 (USD Million)
Table 9 Safety Valve Market in Energy & Power, By Region, 2015–2024 (USD Million)
Table 10 Safety Valve Market in North America for Energy & Power, By Country, 2015–2024 (USD Million)
Table 11 Safety Valve Market in Europe for Energy & Power, By Country, 2015–2024 (USD Million)
Table 12 Safety Valve Market in APAC for Energy & Power, By Country, 2015–2024 (USD Million)
Table 13 Safety Valve Market in RoW for Energy & Power, By Country, 2015–2024 (USD Million)
Table 14 Safety Valve Market in Chemicals, By Region, 2015–2024 (USD Million)
Table 15 Safety Valve Market in North America for Chemicals, By Country, 2015–2024 (USD Million)
Table 16 Safety Valve Market in Europe for Chemicals, By Country, 2015–2024 (USD Million)
Table 17 Safety Valve Market in APAC for Chemicals, By Country, 2015–2024 (USD Million)
Table 18 Safety Valve Market in RoW for Chemicals, By Country, 2015–2024 (USD Million)
Table 19 Safety Valve Market for Water & Wastewater, By Region, 2015–2024 (USD Million)
Table 20 Safety Valve Market in North America for Water & Wastewater, By Country, 2015–2024 (USD Million)
Table 21 Safety Valve Market in Europe for Water & Wastewater, By Country, 2015–2024 (USD Million)
Table 22 Safety Valve Market in APAC for Water & Wastewater, By Country, 2015–2024 (USD Million)
Table 23 Safety Valve Market in RoW for Water & Wastewater, By Country, 2015–2024 (USD Million)
Table 24 Safety Valve Market for Building & Construction, By Region, 2015–2024 (USD Million)
Table 25 Safety Valve Market in North America for Building & Construction, By Country, 2015–2024 (USD Million)
Table 26 Safety Valve Market in Europe for Building & Construction, By Country, 2015–2024 (USD Million)
Table 27 Safety Valve Market in APAC for Building & Construction, By Country, 2015–2024 (USD Million)
Table 28 Safety Valve Market in RoW for Building & Construction, By Country, 2015–2024 (USD Million)
Table 29 Safety Valve Market in Pharmaceuticals, By Region, 2015–2024 (USD Million)
Table 30 Safety Valve Market in North America for Pharmaceuticals, By Country, 2015–2024 (USD Million)
Table 31 Safety Valve Market in Europe for Pharmaceuticals, By Country, 2015–2024 (USD Million)
Table 32 Safety Valve Market in APAC for Pharmaceuticals, By Country, 2015–2024 (USD Million)
Table 33 Safety Valve Market in RoW for Pharmaceuticals, By Country, 2015–2024 (USD Million)
Table 34 Safety Valve Market for Agriculture, By Region 2015–2024 (USD Million)
Table 35 Safety Valve Market in North America for Agriculture, By Country, 2015–2024 (USD Million)
Table 36 Safety Valve Market in Europe for Agriculture, By Country, 2015–2024 (USD Million)
Table 37 Safety Valve Market in APAC for Agriculture, By Country, 2015–2024 (USD Million)
Table 38 Safety Valve Market in RoW for Agriculture, By Country, 2015–2024 (USD Million)
Table 39 Safety Valve Market for Metal & Mining, By Region, 2015–2024 (USD Million)
Table 40 Safety Valve Market in North America for Metal & Mining, By Country, 2015–2024 (USD Million)
Table 41 Safety Valve Market in Europe for Metal & Mining, By Country, 2015–2024 (USD Million)
Table 42 Safety Valve Market in APAC for Metal & Mining, By Country, 2015–2024 (USD Million)
Table 43 Safety Valve Market in RoW for Metal & Mining, By Country, 2015–2024 (USD Million)
Table 44 Safety Valve Market in Paper & Pulp, By Region, 2015–2024 (USD Million)
Table 45 Safety Valve Market in North America for Paper & Pulp, By Country, 2015–2024 (USD Million)
Table 46 Safety Valve Market in Europe for Paper & Pulp, By Country, 2015–2024 (USD Million)
Table 47 Safety Valve Market in APAC for Paper & Pulp, By Country, 2015–2024 (USD Million)
Table 48 Safety Valve Market in RoW for Paper & Pulp, By Country, 2015–2024 (USD Million)
Table 49 Safety Valve Market for Food & Beverages, By Region, 2015–2024 (USD Million)
Table 50 Safety Valve Market in North America for Food & Beverages, By Country, 2015–2024 (USD Million)
Table 51 Safety Valve Market in Europe for Food & Beverages, By Country, 2015–2024 (USD Million)
Table 52 Safety Valve Market in APAC for Food & Beverages, By Country, 2015–2024 (USD Million)
Table 53 Safety Valve Market in RoW for Food & Beverages, By Country, 2015–2024 (USD Million)
Table 54 Safety Valve Market, By Region, 2015–2024 (USD Billion)
Table 55 Safety Valve Market in North America, By Country, 2015–2024 (USD Million)
Table 56 Safety Valve Market in North America, By Industry, 2015–2024 (USD Million)
Table 57 Safety Valve Market in Europe, By Country, 2015–2024 (USD Million)
Table 58 Safety Valve Market in Europe, By Industry, 2015–2024 (USD Million)
Table 59 Safety Valve Market in APAC, By Country, 2015–2024 (USD Million)
Table 60 Safety Valve Market in APAC, By Industry, 2015–2024 (USD Million)
Table 61 Safety Valve Market in RoW, By Country, 2015–2024 (USD Million)
Table 62 Safety Valve Market in RoW, By Industry, 2015–2024 (USD Million)
Table 63 Expansion (2013–2018)
Table 64 Top 5 Partnerships, Agreements, and Contracts (2013–2018)
Table 65 Top 5 Product Launch, Acquisition, and Others (2013–2018)

List of Figures

Figure 1 Safety Valve Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Safety Valve Market Size (2015–2024)
Figure 6 1’’ to 6” to Hold Largest Size of Safety Valve Market By 2024
Figure 7 Safety Valve Market, By Material (2019 vs 2024): Steel Segment to Hold Largest Market in 2019 and 2024
Figure 8 Oil & Gas to Dominate Safety Valve Market During Forecast Period
Figure 9 APAC Held Largest Share of Safety Valve Market in 2018
Figure 10 Increasing Demand for Safety Valve in APAC Drives Market Growth
Figure 11 Cryogenic Safety Valve Market to Grow at Higher CAGR During Forecast Period
Figure 12 Energy & Power to Hold Largest Share of Saftey Valve Market in APAC in 2024
Figure 13 US to Hold Largest Share of Safety Valve Market in 2019
Figure 14 Market Dynamics of Safety Valve
Figure 15 Value Chain Analysis: Major Value Added During Raw Material and Component Suppliers, and Original Equipment Manufacturers Phases
Figure 16 Safety Valve Market, By Material
Figure 17 Steel to Hold Largest Size of Safety Valve Market By 2024
Figure 18 Safety Valve Market, By Size
Figure 19 1’’ to 6’’ Valves to Hold Largest Size of Safety Valve Market By 2024
Figure 20 Safety Valve Market, By Industry
Figure 21 Oil & Gas to Hold Largest Size of Safety Valve Market By 2024
Figure 22 APAC to Hold Largest Size of Safety Valve Market for Chemicals By 2024
Figure 23 APAC to Dominate Safety Valve Market for Building & Construction By 2024
Figure 24 APAC to Dominate Safety Valve Market for Metal & Mining By 2024
Figure 25 China to Hold Largest Size of Safety Valve Market in APAC for Metal & Mining By 2024
Figure 26 Geographic Snapshot (2019–2024): Safety Valve Market to Witness Significant Growth in APAC Countries During Forecast Period
Figure 27 North America: Safety Valve Market Snapshot
Figure 28 Europe: Safety Valve Market Snapshot
Figure 29 APAC: Safety Valve Market Snapshot
Figure 30 Organic and Inorganic Strategies Adopted By Companies Operating in Safety Valve Market
Figure 31 Major Safety Valve Manufacturers
Figure 32 Safety Valves Market (Global) Competitive Leadership Mapping, 2018
Figure 33 Emerson: Company Snapshot
Figure 34 Weir Group: Company Snapshot
Figure 35 Curtiss-Wright Corporation: Company Snapshot
Figure 36 Schlumberger: Company Snapshot
Figure 37 Robert Bosch GmbH: Company Snapshot
Figure 38 Baker Hughes: Company Snapshot
Figure 39 IMI PLC: Company Snapshot
Figure 40 Alfa Laval: Company Snapshot

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