The latest report by IMARC Group, titled “Pressure Reducing Valve Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the pressure reducing valve market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global pressure reducing valve market size reached USD 3.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 4.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.
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Pressure Reducing Valve Market Trends:
The global market is primarily driven by the rise in industrial automation. Growing investments in water and wastewater treatment facilities are also propelling the need for reliable pressure management solutions. The increasing focus on energy efficiency across sectors further enhances the appeal of these valves. Moreover, the expansion of the oil and gas industry is pushing the adoption of pressure-reducing valves to ensure operational safety. Furthermore, continual advancements in valve technology are improving performance and reliability, which is strengthening market growth.
Additionally, the increased use of these valves in the HVAC sector due to their ability to optimize system efficiency is a key contributor. Besides, the rising focus on infrastructure development in emerging economies is creating more demand for pressure control systems. Regulatory requirements for safety and environmental compliance are compelling industries to adopt advanced pressure-reducing valves.
Pressure Reducing Valve Market Scope and Growth Analysis:
The scope of the market is broadening due to technological advancements in valve design and materials, which are enabling manufacturers to cater to a wider range of applications, from industrial to residential sectors. The market’s growth is further supported by increased investments in energy-efficient solutions, especially in industries such as oil and gas, chemical, and manufacturing, where precise pressure control is crucial. The rising demand for advanced valves in emerging markets is driven by infrastructural developments and the modernization of utilities.
In addition, the growing emphasis on automation in industrial processes is creating opportunities for smart, digitally controlled pressure-reducing valves. Moreover, the increasing environmental regulations are pushing industries to adopt solutions that ensure safety while reducing energy consumption. As per market analysis, the expanding focus on sustainable water management practices and the modernization of distribution systems are also key elements shaping the future demand for pressure-reducing valves across the globe.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aalberts N.V.
- Armstrong International Inc.
- CIRCOR International Inc.
- Eaton Corporation plc
- Forbes Marshall
- Honeywell International Inc.
- KSB SE & Co. KGaA
- Parker-Hannifin Corp.
- Reliance Worldwide Corporation Limited
- Spirax-Sarco Engineering plc
- TALIS Management Holding GmbH
- Watts Water Technologies Inc.
Pressure Reducing Valve Market Segmentation:
Our report has categorized the market based on region, type, operating pressure and end user.
Breakup by Type:
- Direct Acting
- Pilot Operated
Breakup by Operating Pressure:
- Below 300 Psig
- 301-600 Psig
- Above 600 Psig
Breakup by End User:
- Oil and Gas
- Power Generation
- Chemical
- Water and Wastewater
- Metals and Mining
- Others
Breakup by Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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