Global and China Spring-loaded Relief Valve Market Insights, Forecast to 2027

A pressure Relief Valve is a safety device designed to protect a pressurized vessel or system during an overpressure event.
An overpressure event refers to any condition which would cause pressure in a vessel or system to increase beyond the specified design pressure or maximum allowable working pressure (MAWP).
The primary purpose of a pressure Relief Valve is protection of life and property by venting fluid from an overpressurized vessel.
The spring-loaded relief valve is a conventional pressure relief valve that is commonly used in liquid service valves. The valve opens proportionally as the pressure increases to overcome the spring pressure.
Market would still face such risks, including the prolonged US-China trade friction, and the UK's withdrawal from the EU, as well as the economy deteriorated sharply toward the end of the year due to the spread of new coronavirus infections.
Spring-loaded Relief Valve market is fragmented with fierce competition. General Electric is the world leading player in global Spring-loaded Relief Valve market with the market share of 9.09% in 2019, in terms of revenue, followed by Emerson Electric, Weir Group, Curtiss-Wright, Watts, Alfa Laval, CIRCOR, IMI, Aalberts, Parker, Flow Safe, Mercury Manufacturing, Control Devices, AGF Manufacturing, Goetze KG Armaturen, and Aquatrol. The top 16 companies accounted for 52% of the revenue market share in 2019.

Market Analysis and Insights: Global and China Spring-loaded Relief Valve Market
This report focuses on global and China Spring-loaded Relief Valve market.
In 2020, the global Spring-loaded Relief Valve market size was US$ 2086.9 million and it is expected to reach US$ 2747.9 million by the end of 2027, with a CAGR of 4.0% during 2021-2027. In China the Spring-loaded Relief Valve market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Spring-loaded Relief Valve Scope and Market Size
Spring-loaded Relief Valve market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Spring-loaded Relief Valve market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Spring-loaded Relief Valve market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Low Pressure Valve
Medium Pressure Valve
High Pressure Valve

Segment by Application
Oil and Gas
Chemical
Power Generation
Paper Industry
Other

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
General Electric
Emerson Electric
Weir Group
Curtiss-Wright
Watts
Alfa Laval
CIRCOR
IMI
Aalberts
Parker
Flow Safe
Mercury Manufacturing
Control Devices
AGF Manufacturing
Goetze KG Armaturen
Aquatrol