Pressure Reducing Valve Market Growth, Size, Share, Trends, and Forecast 2032

Pressure Reducing Valve Market

Pressure Reducing Valve Market By body material (cast steel, stainless steel, carbon steel, cast iron, ductile iron, and bronze), By application (gas application, steam application, and liquid application), By pressure (201–500 psig, > 800 psig, 50–200 psig, and 501–800 psig), By temperature ( 10–100 F, 251–400 F, 551–700 F, 101–250 F, 401–550 F, and above 700 F), By end-use industry (power generation industry, pharmaceuticals industry, pulp & paper industry, chemical industry, hospitality industry, food & beverage industry, and oil & gas industry) And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2024-2032

Category: Heavy Industry Report Format : PDF Report Code: ZMR-1968 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 Growth Rate (in %) Base Year
USD 4.43 Billion USD 6.60 Billion CAGR at 4.54% 2023

Description

Pressure Reducing Valve Market Insights

According to the report published by Zion Market Research, the global Pressure Reducing Valve Market size was valued at USD 4.43 Billion in 2023 and is predicted to reach USD 6.60 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.54% during the forecast period. The report analyzes the global Pressure Reducing Valve Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Pressure Reducing Valve Market industry.

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Global Pressure Reducing Valve Market: Overview

The pressure reducing valve is a device that helps in reducing or maintaining the pressure of the gas, fluid, and steam on the outlet side. Pressure reducing valves decreases the highly unstable pressure to a pressure that is adjustable by using the spring mechanism.

Global Pressure Reducing Valve Market: Segmentation

The market for the pressure reducing valve is globally fragmented into body material, application, pressure, temperature, and end-use industry.

On the basis of body material, the global market is segregated into cast steel, stainless steel, carbon steel, cast iron, ductile iron, and bronze.

On the basis of application, the market is categorized into the gas application, steam application, and liquid application.

On the basis of pressure, the market is divided into 201–500 psig, > 800 psig, 50–200 psig, and 501–800 psig.

On the basis of temperature, the market is bifurcated into 10–100 F, 251–400 F, 551–700 F, 101–250 F, 401–550 F, and above 700 F.

On the basis of end use industry, the market is classified into power generation industry, pharmaceuticals industry, pulp & paper industry, chemical industry, hospitality industry, food & beverage industry, and oil & gas industry.

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Global Pressure Reducing Valve Market: Growth Factors

The pressure reducing valve gives protection against leakage and brings down the pressure of the gasses and the fluid that is majorly utilized in various industries. In the household and commercial purpose, the valves are used in order to reduce the water pressure. These are the key factors that are driving the growth of the pressure reducing valve market. The pressure reducing valves also helps in preventing the overheating of the pipes. Moreover, the development of the oil and gas industry is another prime factor that is driving the growth of the market. In the oil and gas industry, the pressure reducing valves are used in order to maintain the pressure in the pipeline so that the pipes do not burst. The growing use of the pressure reducing valves in the fire safety trucks for the pressure controlling mechanism is driving the market.

Pressure Reducing Valve Market: Report Scope

Report Attributes Report Details
Report Name Pressure Reducing Valve Market Research Report
Market Size in 2023 USD 4.43 Billion
Market Forecast in 2032 USD 6.60 Billion
Growth Rate CAGR of 4.54%
Number of Pages 201
Key Companies Covered Forbes Marshall, Armstrong International Inc., Richards Industries Brands, Honeywell International Inc., Spirax-Sarco Limited, Nutech Controls, Conbraco Industries, WATTS Industries, and Apollo Valves.
Segments Covered By body material, By application, By pressure, By temperature, By end-use industry and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Pressure Reducing Valve Market: Regional Analysis

The global pressure reducing valve market is regionally diversified into Eastern Europe, Latin America, the Middle East & Africa, Western Europe, North America, and Asia Pacific. North America is the region that is dominating the global pressure reducing valve market due to its wide application in the oil and gas sectors for maintaining the pressure inside the pipes. The second place in the pressure reducing valve market is held by Europe owing to the wide growth of the processing industries which require the pressure reducing valves for their applications. The market growth in Asia Pacific region is also significant owing to the usage of the pressure reducing valves in both industrial and commercial sectors.

Global Pressure Reducing Valve Market: Competitive Players

The key market players that are involved in the pressure reducing valve market include:

  • Forbes Marshall
  • Armstrong International Inc.
  • Richards Industries Brands
  • Honeywell International Inc.
  • Spirax-Sarco Limited
  • Nutech Controls
  • Conbraco Industries
  • WATTS Industries
  • Apollo Valves.

The Global Pressure Reducing Valve Market is segmented as follows:

By body material 

  • cast steel
  • stainless steel
  • carbon steel
  • cast iron
  • ductile iron
  • and bronze 

By application 

  • gas application 
  • steam application
  • liquid application

By pressure 

  • 201–500 psig
  • > 800 psig
  • 50–200 psig
  • 501–800 psig

By temperature 

  • 10–100 F
  • 251–400 F
  • 551–700 F
  • 101–250 F
  • 401–550 F
  • above 700 F

By end-use industry 

  • power generation industry 
  • pharmaceuticals industry
  • pulp & paper industry
  • chemical industry
  • hospitality industry
  • food & beverage industry
  • oil & gas industry

Global Pressure Reducing Valve Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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