Global Pressure Reducing Valve Market: Overview
Pressure reducing valve is a device designed to reduce or maintain fluid, gas, and steam pressure on its outlet side provided that pressure on the inlet side is above or at a designed pressure. Pressure reducing valves are designed to decrease a frequently and high unstable pressure to an adjustable constant pressure downstream of the valve with the help of a spring mechanism that retains the unstable pressure.
The valve open and it closes as the outlet pressure increases. The pressure reducing valve has wide application in industries that are constant using chemical, liquids, steam and gas for industrial purpose. The mounting position for steam generation a pressure reducing valve is installed in such a way so that the diaphragm is protected against high temperature using a layer of condensate with its spring cover at the lower bottom. Similarly, for gasses a pressure reducing valve can likewise be fitted in straight pipelines with the spring mechanism cap at the top or the bottom.
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Global Pressure Reducing Valve Market: Dynamics
Pressure Reducing Valve is driven by the fact of its excellent protection against leakage and ability to bring down the pressure of fluid and gasses that are used in industries for various purpose. Moreover, the commercial and household purpose these valves reduces the water pressure which goes through it and obtains a constant and regulated value at its outlet.
These factors are considered as the key driver and potential factor to the growth of pressure reducing valve market. Not only to save water but the prevent overheating of pipes through the pressure reducing valves adds a great advantage to the overall growth of pressure reducing valve market. Moreover, the boost in the petroleum and oil industry is another potential factor driving the pressure reducing valve market.
The industry requires the pressure reducing valves so as maintain the pressure in the pipeline and prevent the pipes from bursting and through controlling the pressure inside them. Similarly growing in the pressure reducing values in fire safety trucks is attributed to its pressure controlling mechanism provided which is needed during emission of water.
Global Pressure Reducing Valve Market: Segmentation
Based on Body Material: Global Pressure Reducing Valve market is segmented into
- Cast Iron
- Cast steel
- Ductile Iron
- Stainless steel
- Carbon steel
Based on application: Global Pressure Reducing Valve market is segmented into
- Steam application
- Gas application
- Liquid application
Based on pressure: Global Pressure Reducing Valve market is segmented into
- 50-200 psig
- 201-500 psig
- 501-800 psig
- Above 800 psig
Based on temperature: Global Pressure Reducing Valve market is segmented into
10 – 100 F
Above 700 F
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Based on End-use industry: Global Pressure Reducing Valve market is segmented into
- Chemical Industry
- Power generation industry
- Hospitality industry
- Pharmaceuticals industry
- Food & Beverage industry
- Pulp & Paper industry
- Oil & Gas industry
Global Pressure Reducing Valve Market: Region Wise Outlook
The global Pressure Reducing Valve market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). North America holds a major share in the global pressure reducing valve market owing to its major application in the oil and gas industries which requires maintaining the pressure inside the pipes, and the region is flourished with the oil and gas industries.
Europe holds second major share in the pressure reducing valve market; this is owed to the growing processing industries which are accredited to the growth of pressure reducing valve market. Thus the developed region such as North America and Europe are estimated to grow at healthy CAGR in the forecast period. APEJ is estimated to show rising demand for pressure reducing value owing to the commercial use as well as the industrial use of the valve and thus is estimated to grow at high CAGR in the forecast period.
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Global Pressure Reducing Valve Market Players
Few of the prominent players in the Pressure Reducing Valve market are as follows
- Spirax-Sarco Limited.
- Forbes Marshall
- Nutech Controls
- Armstrong International Inc.
- CONBRACO INDUSTRIES
- RICHARDS INDUSTRIES BRANDS
- WATTS Industries
- Honeywell International Inc.
- Apollo Valves