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Pressure Safety Valve Market

The market for Pressure Safety Valve was estimated at $2.0 billion in 2024; it is anticipated to increase to $3.0 billion by 2030, with projections indicating growth to around $4.2 billion by 2035.

Report ID:DS1401376
Author:Swarup Sahu - Senior Consultant
Published Date:
Datatree
Industrial Tools & Machinery
Production Tools & Equipment
Pressure Safety Valve
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Report Summary
Market Data
Methodology
Table of Contents

Global Pressure Safety Valve Market Outlook

Revenue, 2024

$2.0B

Forecast, 2034

$3.9B

CAGR, 2025 - 2034

7.1%

The Pressure Safety Valve (PSV) industry revenue is expected to be around $2.1 billion in 2025 and expected to showcase growth with 7.1% CAGR between 2025 and 2034. The increasing importance of the Pressure Safety Valve market is mainly due to its role in safeguardin industries operating under high pressure conditions where safety is paramount. These valves are essential for averting emergencies caused by pressure spikes in risky sectors like oil and gas and petrochemicals industry leading to safe operations. The ongoing worldwide industrial growth, safety standards and the constant need for pressure control methods ensure its consistent demand, in the market.

A Pressure Safety Valve, also known as Pressure Relief Valve, serves as a safety mechanism that releases substances from an Oil And gas-fired boiler or pressure vessel when the pressure goes beyond set limits automatically. The valve is known for its durability and quick pressure relief capabilities while ensuring sealing and easy maintenance. It finds uses, across various industries including oil and gas production, chemical processing, power generation and the food & beverage sector. Lately there has been a growing trend, in the market where smart technology is being commonly used to monitor and control valves in real time enhancing their performance and safety levels.

Pressure Safety Valve market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034
Pressure Safety Valve Market Outlook

Market Key Insights

  • The Pressure Safety Valve market is projected to grow from $2.0 billion in 2024 to $3.9 billion in 2034. This represents a CAGR of 7.1%, reflecting rising demand across Oil & Gas Industry, Power Generation Sector, and Chemical & Petrochemical Industry.

  • Emerson Electric, GE Company, and LESER GmbH & Co. KG are among the leading players in this market, shaping its competitive landscape.

  • U.S. and China are the top markets within the Pressure Safety Valve market and are expected to observe the growth CAGR of 4.6% to 6.8% between 2024 and 2030.

  • Emerging markets including Brazil, South Africa and Indonesia are expected to observe highest growth with CAGR ranging between 8.2% to 9.8%.

  • Transition like Digitization has greater influence in U.S. and China market's value chain; and is expected to add $117 million of additional value to Pressure Safety Valve industry revenue by 2030.

  • The Pressure Safety Valve market is set to add $1.9 billion between 2024 and 2034, with manufacturer targeting Power Generation & Chemical Processing Application projected to gain a larger market share.

  • With The rise in industrialization, and technological advancements in Safety Mechanisms, Pressure Safety Valve market to expand 99% between 2024 and 2034.

pressure safety valve market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Pressure Safety Valve - Country Share Analysis

Opportunities in the Pressure Safety Valve

The heightened focus on safety and the implementation of government regulations in numerous nations have also resulted in a rise in the need for PSV . The changing preferences of consumers towards safety and sustainability have solidified the position of PSVs as components, across different industries.

Growth Opportunities in North America and Asia Pacific

The North American market is a significant hub for the Pressure Safety Valve industry, with key opportunities arising from ongoing advancements in valve technologies and a strong presence of market leaders. The region is characterized by a fiercely competitive landscape, with major players continually innovating to ensure compliance with stringent quality and safety regulations. The growing demand for Pressure Safety Valves in oil and gas industries, primarily due to safety requirements and to control unprecedented pressure situations, is a significant driver for the industry in this region.
Contrastingly, the Asia Pacific region is rapidly emerging as a high-growth market for Pressure Safety Valves. The industrial growth in countries like India, China, and Japan creates top opportunities for Pressure Safety Valve manufacturers, driven by increasing safety regulations in industrial processes. Local manufacturers and the introduction of advanced Pressure Safety Valves by international players have intensified competition in this region. Furthermore, the rise in energy and power sector applications is providing a considerable thrust to the growth of the Pressure Safety Valve market in Asia Pacific.

Market Dynamics and Supply Chain

01

Driver: The rise in Industrialization, and Regulatory Compliance and Safety Standards

The rise of industrialization in developing nations spurs a need for safety equipment like Pressure Safety Valves. Sectors such as oil & gas production and refining processes well, as power generation depend greatly on these valves to uphold system reliability and guarantee operational security – thereby fueling the expansion of the pressure safety valve industry. Globally recognized safety standards and stringent regulations make it mandatory for industries to adopt safety protocols and use standardized safety devices. This necessitates the use of pressure safety valves in industries operating under high pressure and temperature conditions. So, an increase in regulatory compliance across industries becomes a key market for the pressure safety valve sector.
Advancements in technology have also significantly improved the design and functionality of PSV over time! Smart PSV with safe mechanisms and digital interfaces now allow operators to effectively oversee and manage systems with ease! This progress not only enhances the lifespan of industrial equipment but also boosts the demand for high tech PSV, in the market!.
02

Restraint: High Capital Investment

One of the challenges is the substantial investment needed for installing and upkeeping pressure safety valves in industries like oil and gas and power generation to manage over pressure situations effectively despite their crucial function in these systems operations The cost factor poses a major obstacle particularly for small and medium sized enterprises . The expensive nature of these valves may discourage purchasers who could choose conventional valves as a more budget friendly alternative This choice could have an impact on the demand and market trends, for pressure safety valves.
03

Opportunity: Increasing Supply-Demand Gap in Emerging Markets and Technological Innovations Driving Demand

Countries such as India and Brazil well as regions in Africa have witnessed a significant rise in industrial output in recent years; nevertheless this growth has not only been matched by an adequate supply of top notch Pressure Safety Valves to meet the expanding industrial needs. This gap between supply and demand presents an opportunity for manufacturers of Pressure Safety Valves to tap into untapped market potential by forming strategic partnerships, with local industries to cater to the increasing demand.
The continual progress in enhancing Pressure Safety Valves technology and design to extend their lifespan and address hurdles is shaping a notable market trend. The rise of valves offering health monitoring and predictive maintenance functionalities is fuel the demand further particularly in sectors reliant automation, for operational effectiveness.
04

Challenge: Regulatory Hurdles

Secondly, the stringent regulatory standards imposed on the manufacturing, installation and operation of PSV can also act as a significant.These valves are engineered to exacting specifications to ensure proper functioning and safety. However, adhering to various international, national, and local regulations can lead to increased manufacturing time and costs, potentially stifangling the growth of the PSV market. These stringent regulations can also dissuade potential newcomers from entering the market.

Supply Chain Landscape

1

Raw Material Suppliers

ArcelorMittalThyssenkrupp AG
2

Component Manufacturers

Emerson Electric Co.Weir Group PLC
3

Assembly

General Electric CompanyFlowserve Corporation
4

Distribution & End-Users

Oil and GasPower GenerationChemical
Pressure Safety Valve - Supply Chain

Use Cases of Pressure Safety Valve in Oil & Gas Industry & Power Generation Sector

Oil & Gas Industry : In the oil and gas industry, pressure safety valves play a significant role in regulating and releasing excess pressure from containers and pipelines. Particularly, pilot-operated PSV are extensively used due to their ability to withstand high pressures and extreme conditions, enhancing overall operational safety. Companies such as GE Energy and Emerson Electric provide highly efficient PSV, bolstering their market position due to their exceptional product durability and reliability.
Power Generation Sector : The power generation sector relies heavily on PSV to control steam and water pressure in power plants, especially in nuclear power plants where safety is of utmost importance. Here, spring-loaded PSV are commonplace, which effectively manage surge protection. ABB and Spirax-Sarco are two notable players in this sector, providing technologically advanced and reliable solutions, reinforcing their market position in this application.
Chemical & Petrochemical Industry : The chemical and petrochemical industry utilises PSV to keep personnel and equipment safe from the potential risks of over-pressure. In this application, balanced bellows PSV are primarily used due to their robust resistance to corrosive and hazardous environments. Key providers like Baker Hughes and IMI Critical Engineering are prevalent in this sector, lauded for their product performance and the enhanced safety they provide, augmenting their market presence.

Recent Developments

In recent times, the global landscape of the Pressure Relief Valve industry has experienced significant transformations. Predominantly, advancements in technology are serving as the main driving force of this evolution. Considering the substantial bolt-on to the industrial operations, PSV are gaining integral recognition in sectors like oil & gas, power plant, and petrochemicals.

October 2024 : Flowserve completed the acquisition of MOGAS Industries, enhancing its portfolio of critical service valves and expanding its customer base in high-performance valve markets
September 2024 : Baker Hughes, through its Consolidated brand, launched the 1900 Series Dual-Media Spring-Loaded Safety Relief Valves, which are certified for both gas and liquid services under ASME BPVC Code Case 2787, eliminating the need for separate configurations.
August 2024 : Flowserve Corporation signed an agreement to acquire MOGAS Industries for approximately $290 million, aiming to strengthen its position in the severe-service valve segment, including pressure safety valves

Impact of Industry Transitions on the Pressure Safety Valve Market

As a core segment of the Production Tools & Equipment industry, the Pressure Safety Valve market develops in line with broader industry shifts. Over recent years, transitions such as Digitization and Environmental Focus have redefined priorities across the Production Tools & Equipment sector, influencing how the Pressure Safety Valve market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Digitization

The digitization wave has significantly influenced the PSV industry. With advancements in technologies such as Industry 4.0, the IOT , and ML, there has been a strategic shift toward automated monitoring and control systems in the valve manufacturing sector. This transition has improved operational efficiency by minimizing human errors and maximizing production steps. Enhanced predictive maintenance capabilities have also reduced system downtime, thus positively impacting sectors like oil and gas, power generation, and chemical industries who heavily rely on these valves for safe operations.
02

Environmental Focus

Growing global awareness about environmental sustainability is reshaping manufacturing processes, and the PSV industry is no exception. The trend is towards designing and developing valves that minimize energy consumption and greenhouse gas emissions. This transition has spurred the adoption of ecofriendly materials and technologies like lowemission sealing systems in valve production. The implications are particularly significant for industries such as pulp and paper, wastewater treatment, and power generation where environmental regulations and sustainability goals substantially influence business practices.