Global Pressure Reducing Valve Market to Reach USD 4.4 Billion by 2033, Impelled by Expanding Oil and Gas Industry

December 27, 2024 | Chemical & Materials

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The latest report by IMARC Group, titled “Pressure Reducing Valve Market Report by Type (Direct Acting, Pilot Operated), Operating Pressure (Below 300 Psig, 301-600 Psig, Above 600 Psig), End User (Oil and Gas, Power Generation, Chemical, Water and Wastewater, Metals and Mining, and Others), and Region 2025-2033,” finds that the global pressure reducing valve market size reached USD 3.3 Billion in 2024. A pressure reducing valve (PRV) is self-operative equipment that reduces incoming gas, fluid, or steam pressure. It is operated through manual, hydraulic, or pneumatic processes to open, close, or partially obstruct the fluid channel. It converts a higher unregulated inlet pressure to a constant, reduced outlet pressure regardless of the fluctuations. It is also used to safeguard the installation from noises in the water hammers, pipes, splashes, and premature wear of household electrical appliances and taps. Owing to these properties, PRVs are widely employed in residential, commercial, institutional, and industrial spaces across the globe.

Global Pressure Reducing Valve Market Trends:

The market is primarily driven by the expanding oil and gas industry as PRVs maintain the pressure in the pipeline and prevent pipes from bursting. They also eliminate the chances of leakage and overheating of pipes. Besides this, PRVs are also employed in the aerospace industry to control propulsion pressure in reaction and altitude control systems. This, coupled with the significant investments in new refineries, development of existing facilities and increasing mergers and acquisitions (M&As), are creating a favorable market outlook across the globe. Moreover, the introduction of innovative product variants, such as flow modulated PRVs that produce constant pressure at critical points within the distribution system, is also contributing to the market growth. Furthermore, rapid urbanization and industrialization and the growing awareness regarding renewable energy are anticipated to propel market growth in the coming years. Looking forward, IMARC Group expects the market to reach USD 4.4 Billion by 2033, exhibiting a CAGR of 3.07% during the forecast period (2025-2033).

Market Summary:

Based on the type, the market has been bifurcated into direct acting and pilot operated.
On the basis of the operating pressure, the market has been classified into below 300 Psig, 301-600 Psig, and above 600 Psig.
Based on the end user, the market has been segmented into oil and gas, power generation, chemical, water and wastewater, metals and mining, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report, with some of the key players being 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 and Watts Water Technologies Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Operating Pressure, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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 and Watts Water Technologies Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Pressure Reducing Valve Market to Reach USD 4.4 Billion by 2033, Impelled by Expanding Oil and Gas Industry

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