The North America Pressure Relief Valves Market would witness market growth of 4.1% CAGR during the forecast period (2022-2028).
A bypass valve can sometimes operate as a relief valve by returning all or some part of the fluid released by a pump or gas compressor to a storage reservoir or the pump or gas compressor’s input. This is done to prevent over-pressurization of the gas or pump compressor and any associated equipment. The bypass valve and bypass channel might be internal (as part of the compressor or pump) or external (as a separate component) (installed in the fluid path as a component.) many fire engines have such relief valves to prevent fire hoses from over pressurizing.
Various electronic, hydraulic, and pneumatic systems are present today to control fluid system variables like pressure, flow, and temperature. Each system needs a power source of some type, such as compressed air or electricity, to operate. A pressure relief valve should be capable of working at all times, especially in power outages when the system controls are nonfunctional. Then the process fluid becomes the sole power source for the pressure relief valve.
Canada’s food and beverages processing industry, since 2016, has shown consistent growth in shipments and exports. The domestic market for goods and products has increased from $107 billion to $119 billion between the year 2016 to 2020. Canada’s food and beverages processing industry accounted for around 69.1%. The constantly growing food and beverages industry, especially packaged food, is expected to increase the utilization of pressure relief valves and propel market growth in the region.
The US market dominated the North America Pressure Relief Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,086.4 million by 2028. The Canada market is poised to grow at a CAGR of 6.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Pressure Relief Valves Market is Predict to reach $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.
By Pressure
By End User
By Type
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
