The global pressure reducing valve market size was valued at $2,501.7 million in 2018, and is projected to reach $3,617.7 million by 2026, registering a CAGR of 4.5% from 2019 to 2026. The pressure reducing valve as the name indicates reduces the input pressure of gas or fluid to the desired value in various industrial applications. It is also known as pressure regulator. The simple structure of pressure reducing valve includes adjusting screw, pressure plate, diaphragm, spring cage, and others. In addition, these valves are economical, consume less space, and lightweight as compared to other valves.
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Major Key Players of the Pressure Reducing Valve Market are:
Apollo Valves, Eaton, Honeywell International Inc., KSB, Parker, Reliance Worldwide Corp. Ltd., Singer Valve, Spirax-Sarco Engineering plc, TALIS Management Holding GmbH, and WATTS Industries.
Over the years, we have been administering market intelligence studies across an array of industries for organizations of different types such as profit & not-for-profit organizations, big-scale & large-scale organizations, and many more. We look at numerous aspects of internal & external business environment disturbing the growth stratagems of business ventures.
The global Pressure Reducing Valve report offers quantitative and qualitative analysis of the market from 2021 to 2026. The qualitative study emphasizes on the value chain analysis, pain point analysis, and key regulations.
- Value chain analysis: AMR offers a complete analysis of all the stages along with the key stakeholders functioning in every stage with their strategic decisions on board.
- Key regulations: Allied Market Research provides key regulations and standards for the Pressure Reducing Valve Market. The section also presents some of the regulatory documents of the product type.
- Pain point analysis: The report also offers insights on the key challenges faced by the stakeholders in the industry. The strategic decisions adopted by the market players to maintain their foothold in the market are also discussed through the report.
COVID-19 Impact Analysis on the global Pressure Reducing Valve:
The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Pressure Reducing Valve Market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.
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Key Market Segments –
By Type
- Direct acting
- Pilot operated
By End-user
- Oil & Gas
- Power Generation
- Chemical
- Water & Wastewater
- Metals & Mining
- Others
Key Findings of the Pressure Reducing Valve Market:
- The report provides an extensive analysis of the current and emerging pressure reducing valve market trends and dynamics.
- Depending on type, the pilot operated segment dominated the pressure reducing valve market, in terms of revenue in 2018 and direct acting segment is projected to grow at a CAGR 5.0% during the forecast period.
- By end-user, the oil and gas segment led the pressure reducing valve market in 2018.
- Asia-Pacific is projected to register the highest growth rate in the coming years.
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