Asia Pacific Pressure Relief Valves Market Size, Share & Industry Trends Analysis Report By Pressure (Low, Medium and High), By End User, By Type (Spring Loaded, Pilot Operated, Dead Weight and P & T Actuated), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Pressure Relief Valves Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
Pressure relief valve operation depends on the singer 81-RP pilot upstream pressure through a connection to the valve inlet. The valve and pilot remain closed until the inlet pressure crosses the pilot setting. The valve opens at a fast pace to relieve damaging overpressure and at an adjustable speed, closes smoothly when the pressure returns below the point set by the operator. The pressure relief valve consists of a ball, spool, or poppet, which is opposed by a spring and is placed into a cavity or ported body.
A hydraulic system is generally utilized to control the fluid pressure in the part of the circuit in which they are installed. The poppet is in the form of a cone or disc shape that is mounted within an opposite machine seat. Very low leakage will be provided if the part is forced closed by spring pressure. The spool is a cylindrical, machined steel rod with metering notches or grooves that are also halted by spring pressure. It leaks more than a poppet valve but provides superior metering effects.
In recent times, the increase in the disposable income of Chinese consumers has assisted the food and beverages industry growth in China. There is a fast awareness of the importance of a healthy lifestyle which has caused an increase in the sales of packaged or processed food. The rapid rise in the food and beverages industry due to the increasing disposable income, urbanization, and the increasing number of working people, joined with the demand for healthy and safe packaged food, is expected to increase the usage of pressure relief valves in the food and beverages industry and therefore boost the market expansion in the region.
The China market dominated the Asia Pacific Pressure Relief Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $570.6 million by 2028. The Japan market is estimated to grow a CAGR of 4.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.7% during (2022 - 2028).
Based on Pressure, the market is segmented into Low, Medium and High. Based on End User, the market is segmented into Power Generation, Manufacturing, Oil & Gas, Water & Wastewater, Chemical and Food & Beverages. Based on Type, the market is segmented into Spring Loaded, Pilot Operated, Dead Weight and P & T Actuated. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Pressure Relief Valves Market is Projected to reach USD 5.5 Billion by 2028, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Emerson Electric Co., The Weir Group PLC, Curtis-Wright Corporation, IMI PLC, Watts Water Technologies, Inc., Alfa Laval AB, AGF Manufacturing, Inc., Mercury Manufacturing Company Ltd., and Goetze KG Armaturen.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Power Generation
- Oil & Gas
- Water & Wastewater
- Food & Beverages
- Spring Loaded
- Pilot Operated
- Dead Weight
- P & T Actuated
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company
- Emerson Electric Co.
- The Weir Group PLC
- Curtis-Wright Corporation
- IMI PLC
- Watts Water Technologies, Inc.
- Alfa Laval AB
- AGF Manufacturing, Inc.
- Mercury Manufacturing Company Ltd.
- Goetze KG Armaturen
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