#U.S. Midstream Oil & Gas Equipment U.S. Midstream Oil & Gas Equipment Market U.S. Midstream Oil & Gas Equipment size U.S. Midstream Oil & Ga

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Pressure Relief Valves In-Depth Profiling With Key Players and Recent Developments, Forecast Period: 2021-2031

Pressure Relief Valves Market Research, 2031

The global pressure relief valves market size was valued at $4.4 billion in 2021, and is projected to reach $7 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.Pressure relief valve (PRV) is also called as a relief valve. Pressure vessels and other equipment are protected by pressure relief valve from being subjected to pressures that exceed their design limits. The valve is used to control or limit the pressure built inside the equipment which may cause equipment or instrument failure, or fire. The pressure is relieved by allowing the pressurized fluid to flow from an auxiliary passage out of the system.

Pressure relief valve are used in the oil & gas industry for drilling and workover operations, which, in turn, increase demand for pressure relief valve, and is anticipated to boost growth of the pressure relief valve market. According to a report on North America Midstream Infrastructure through 2035 published in June 2018 by ICF International Inc., total investments in oil & gas infrastructure are projected to range between $685 billion and $895 billion from 2018 to 2035. In addition, pharmaceuticals and food & beverages industries are largely saturated in developing countries including European Union, such as the U.S. and China. Pressure relief valve have an important role in manufacturing of different types of medical devices and support key players to give opportunity during this pandemic situation. For instance, according to the India Brand Equity Foundation (IBEF), the food & beverage processing industry has emerged as a high-profit and high-growth sector, owing to its immense growth potential. Moreover, rise in number of industrial infrastructure projects in developing countries is driving the demand of pressure relief valves market. For instance, the government of China spent $10 billion on a new oil & gas refinery project, Guangdong refinery, which is expected to be completed by March 2022. Such instances are expected to drive the growth of the market. There are many domestic manufacturers present in places, which is expected to hamper growth of the pressure relief valve market. Domestic manufacturers provide pressure relief valve ranging from $100 to $200. However, key players offer pressure relief valve ranging from $100 to $2500. Hence, customer focuses more on adopting pressure relief valve from domestic manufacturers, which, in turn, hinders the pressure relief valves industry growth.

The global pressure relief valve market is segmented on the basis of valve type, pressure, end user, and region. Based on valve type, the market is divided into spring loaded, pilot loaded, dead weight and p and t actuated. Based on pressure, the market is divided into low, medium and high. Based on end user industry, the market is divided into oil & gas, chemical, power generation, food & beverage, manufacturing and water & wastewater.

COMPETITION ANALYSIS

The major players profiled in the pressure relief valve market include AGF Manufacturing, Inc., Alfa Laval, Curtis-Wright Corp, Emerson Electric Co., General Electric, Goetze KG Armaturen, IMI PLC, Mercury Manufacturing Company Limited, The Weir Group PLC, and Watts Water Technology, Inc.

Major companies in the market have adopted acquisition and product launch as their key developmental strategies to offer better products and services to customers in the pressure relief valve market.

Some examples of acquisition in the market

In February 2020, Curtiss-Wright Corporation, a leading provider of pressure safety and release valves, has acquired Dyna-Flo, a well-known designer and manufacturer of linear and rotary control valves, isolation valves, actuators, and level and pressure control systems for the chemical, petrochemical, and oil and gas markets, for $62 million. The acquired business will operate within commercial/industrial segment of Curtiss-Wright.

Some examples of product launch in the market

In December 2022, Emerson has launched two new-to-the-world technologies for the Crosby J-Series pressure relief valve (PRV) product line.

In April 2022, Lamot Valve & Arrestor has launched its new product: the Model L11E Weight-Loaded Pressure Relief Valve. The valve includes an option to add calibrated weights in 0.5 using increments, giving the operator the flexibility to adjust the set pressure of this valve from the top of the tank and eliminating the need to remove and retest in the shop on a test stand. It can be used as a stand-alone vent to the atmosphere pressure relief valve or can be used in addition to existing pressure relief valves to add additional flow capacity.

In December 2020, Weir Oil & Gas has launched latch back pressure valve system to increase safety, reliability of drill- thru operations.

In December 2020, Consolidated, a Baker Hughes subsidiary, has launched its new 1900 series dual media (DM) spring-loaded safety relief valve (SRV) with patented trim. The new series is designed to perform on both liquid and gas media and has dual certification (liquid and gas) nameplate capacity stamping in accordance with ASME (American Society of Mechanical Engineers) and BPVC (Boiler and Pressure Vessel) Code Case 2787. The 1900 DM series is the first and only spring-loaded safety relief valve in the industry that is ‘dual certified.’ Dual certified means the valve is both vapor/gas and liquid flow certified without making any modifications or adjustments to the relief device when switching fluids during the flow testing.

In November 2020, Danfoss has launched its new 65bar safety valve, SFA 10H, that offers reduced capacity, high reliability, and high-pressure for applications with CO2 and synthetic oils. The design and manufacturing of this product focuses on preventing leaks, providing perfect reseating after release, and keeping a stable set pressure over time.

In April 2020, Baker and Hughes has launched the 2900 series gen II pilot pressure relief valve (PRV). This innovative product has a full-nozzle main valve that easily threads in and out to save maintenance expenses while protecting the main valve body from corrosive service under normal operating circumstances. In May 2019, Weir Oil & Gas has launched SPM SafeEdge ARC for Remote Setting and Digital Control of Relief Valves.

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Shale Gas Processing Equipment set for Significant Growth

The global shale gas processing equipment market size was valued at $4.5 billion in 2018, and is projected to reach $13.5 billion by 2026, growing at a CAGR of 14.8% from 2019 to 2026.

The major key players operating in the global shale gas processing equipment industry include Schlumberger Ltd, Sivalls, Inc, Van Air Systems, Croft Production Systems, Inc., Koch Industries, Inc., Pall Corporation, PEMCO, Burckhardt Compression AG, Gas Processing Equipment, and ATB Riva Calzoni S.p.A.

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Shale gas equipment are used to eliminate components such as N2, H2S, heavy hydrocarbons, CO2, and water from the raw shale gas and oil before it is sent for transportation. This method includes various processes such as distillation, filtration, cracking, reheating, pyrolysis, and chemical treatment.

As per the U.S. energy information administration, the global shale gas industry surpassed more than $200 billion revenue in 2018 and as per their estimates it is anticipated to generate more than $390 billion revenue by 2025. Shale gas and oil infrastructure and markets for their related products, more specifically, processing equipment, altogether are heading toward their growth expansion phase as whole.

Due to abundant shale gas reserves, its infrastructure expected to grow significantly over the next decade. Hence, processing equipment is expected to have a promising future over the years to come

The U.S. reported shale gas production of over 37 billion cubic feet following Mexico and China at over 5 and 2.1 billion cubic feet respectively in 2015. As per the estimates of U.S. Energy Information Administration, the U.S. anticipated to produce over 80 billion cubic feet of shale gas by offering a scope to huge technological investment along with processing equipment manufacturing.

Equipment used in the shale gas processing are known as shale gas processing equipment. Popularly known equipment used in the shale gas processing include compressors & pumps, electrical machinery, heat exchangers, internal combustion engines, measuring & controlling devices, and others. Apart from these, the others segment includes separators & filters, hydrator/glycol dehydrator, injection systems, and storage tanks. These equipment are used in the midstream phase of the oil & gas industry, wherein, gas/shale gas is processed, refined, and treated before it is transported for commercial usage.

Abundance shale gas reserves in some of the geographies across the globe and its commercial exploitation is the major factor and it has an immense impact on the global market growth. In response to the increasing natural gas prices, oil & gas industry seeks an alternative

to natural gas resources at economic terms. Shale gas is nothing but a natural gas trapped within a shale formation whose reserves are spread almost all across the globe.

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Heat exchanger is important equipment used in the overall gas processing plants. Technological evolution of heat exchangers is further contributing in the global shale gas processing equipment market growth. On the other hand, environmental hazards associated with hydraulic fracturing is the major restraining factor hampering the growth of the global shale gas processing equipment market. Nevertheless, growing initiatives from government from various geographies is anticipated to offer new growth opportunities over the forecast period.

The global shale gas processing equipment market is segmented on the basis of component and country. On the basis of component, the global market is studied across compressors & pumps, electrical machinery, heat exchangers, internal combustion engines, measuring & controlling devices, and others. Others segment includes separators & filters, hydrator/glycol dehydrator, injection systems, and storage tanks. Compressor and pumps is the largest segment among all and its growing demand is significantly expanding the global shale gas processing equipment market size.

Based on country, the global shale gas processing equipment market is studied across the U.S., Canada, China, Algeria, Mexico, Argentina, and others. The U.S. is the largest country level market among others due to abundant shale gas reserves and technically sound nature of the country, and investment in the shale gas exploration. Increased penetration of small-scale and mid-scale processing equipment manufacturers over large scale equipment manufacturers in the U.S. is one of the recent shale gas processing equipment market trend observed in recent years.

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The U.S. is the largest country level market among others. The U.S. is the first country that has undertaken successful commercial scale production of shale gas and is offering scope to gas processing equipment. Therefore, the U.S. has the dominant share in the global shale gas market and is expected to be the largest one during the forecast period.

Based on component, Compressors and pumps segment accounted for the largest market share in 2018 and is expected to be the largest segment by the end of the forecast period. Demand for compressors is mainly seen in the U.S. as it is the largest market for shale gas processing equipment. Gas processing capacity have expanded in most of plants located in the U.S. as a result of increasing shale gas production. Hence, demand for compressors is rising in the U.S.

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U.S. Midstream Oil & Gas Equipment market Size & Analysis

The United States mid-stream oil gas equipment market is estimated to garner a revenue of ~ USD 10 billion by the end of 2031 by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031.

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U.S. Midstream Oil & Gas Equipment Market by Trends, Dynamic Innovation in Technology and 2026 Forecasts

Global U.S. Midstream Oil & Gas Equipment Market: Trending in 2021

New York, NY 28 May 2021: The U.S. midstream oil & gas equipment market is anticipated to reach USD 983.73 billion by 2026 according to a new study published by Polaris Market Research.

Crude oil refinery industry in the U.S. has been gaining momentum rapidly since the low crude oil price era. By the end of 2017, the country hosted a total of 141 operating refineries with an overall crude distillation capacity of approximately 18.62 million barrels per calendar day and 19.80 million barrels per steam day. The refining capacity has increased 300,000 bpcd in 2017. Such increase in capacity and complexity in the country, demand for midstream equipments will increase significantly over the forecast period.

The country is one of the leading five global exporters with an average of USD 22 billion for the past four years. The increasing demand for transportation fuels along with the rising complexity for clean fuels, there are legal and regulatory constraints that have actually threatened to higher global trade in many of the U.S. strategic export is driving the U.S. midstream oil & gas equipment market. The country’s exporters have been facing requirements of local contents, trade restrictions, labor requirements and rising cost along with decreasing competitiveness of U.S. exports due to growing Chinese and some European markets.

The suppliers in the country face significant competition from the Korean, German and the Chinese players. By competition, the U.S. industry participants have been particularly competitive in manufacturing of gas treating and processing equipments, compressors, automatic valves, storage tanks etc. These specific trends in manufacturing of these equipments are likely to continue with the country’s exports weighted more towards specialized high tech equipments especially relating to heavy oil processing influencing the industry growth of U.S. midstream oil & gas equipment market during the forecast period.

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The share of U.S. made equipments and appliances sector is projected to remain competitive in over the next three to four years, the country’s share of equipments being exported to the global markets, as a part of the global midstream equipment exports to the worldwide market, has reduced moderately. This is actually owing to its increasing domestic consumption during the past three years, however it is also a sign of higher competition from foreign manufacturers, as the other nations has significantly increased its share of export to the U.S. midstream oil & gas equipment market.

The Southwest was the largest regional market in 2017. Texas and Oklahoma are the major contributors to the region’s high demand. Both the states host 35 refineries with Texas accounting for 30 of them. Another two refineries are planned in Texas and are to be operational by 2019. These have been planned to process the shale fuels from the Egale Ford and Permain Basin shale reserves. Construction of these refineries has been the major factor driving demand for these equipments in the region apart from the ones used for maintenance and repair operations making southwest the largest region in the U.S. midstream oil & gas equipment market.

Some of the leading industry participants in the U.S. midstream oil & gas equipment market include Abbot Group, Transocean, Zenith Oilfield Technology, National Oilwell Varco Incorporated, Schlumberger, Weatherford International, Halliburton Company, ENI, Baker Hughes, Cameron International, FMC Technologies, Aker Solutions.

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Personal Protective Equipment Market Worth $112.07 Billion By 2028

The global personal protective equipment market size is expected to reach USD 112.07 billion by 2028, registering a CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc. The upgrading of the public healthcare system and infrastructure coupled with investments in new facilities in developing economies is anticipated to drive the product demand over the coming years. 

The stringent regulations imposed by the U.S. Department of Labor and Occupational Safety and Health Administration (OSHA) in the country have a positive impact on product demand from the end-use industries. In addition, the growing employee awareness related to personal safety has a significant influence on the increased penetration of personal protective equipment (PPE) in the country.

Constant innovations, in terms of production, such as the development of lighter, comfortable industrial protective equipment using premium-quality fabric, are projected to propel market growth. High demand for PPE, which combines safety with improved aesthetics and technological innovation, is further estimated to augment market growth.

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Various countries implemented Covid-19 related acts, such as the Families First Coronavirus Response Act by the U.S., for protecting public health workers, establishing free testing, providing paid leaves, and important benefits to children and families in 2020 to curb the spread of the virus. Increasing domestic production coupled with restraints on imports and exports of PPE surged the product demand in 2020.

Personal Protective Equipment Market Report Highlights

·         Hand protection PPE accounted for the largest revenue share in 2020 and is expected to grow at a CAGR of 6.7% over the forecast period owing to the rising product demand on account of risks associated with corrosive chemicals, handling warm objects, and heavy-duty equipment

·         Protective footwear accounted for a significant market share and is expected to expand further at a steady CAGR over the forecast period on account of the increasing workplace fatalities

·         The oil & gas industry accounted for a significant share, in terms of revenue, in 2020 and is expected to witness a growth rate of 6.9% over the projected period owing to high accident risk in upstream and midstream activities in the industry

·         Growth in the food & beverage sector across the globe is projected to drive PPE demand over the forecast period

·         Companies are focusing on manufacturing branded and fashionable PPE owing to the increased demand for durable and customized products

Key Companies & Market Share Insights

Product prices for the above-the-neck PPE market are expected to marginally increase over the forecast period primarily due to the addition of value-added features. For instance, the application of anti-fog coatings in prescription eyewear is projected to marginally increase the final product prices. In addition, companies are shifting their focus toward manufacturing products that are fashionable as well as comfortable owing to the increased demand for durable and customized equipment. Some prominent players in the global personal protective equipment (PPE) market include: Honeywell International, Lakeland Industries, DuPont, 3M, Ansell Ltd., Avon Rubber plc, COFRA S.r.l., Uvex Safety Group, Lindstrom Group, BartelsRieger Atemschutztechnik GmbH, Rock Fall (U.K.) Ltd., Mine Safety Appliances (MSA) Company, Radians, Polison Corp., Gateway Safety

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Oil and Gas Waste Heat Recovery Market | Size, Share, Industry Segments, Growth, Trends, Demand, Key Player profile and Regional Outlook by 2030

Oil & gas waste heat recovery is the process of extracting and reusing heat from the streams of large energy produced during the refining process in the oil & gas plant. The continuous evolution in industrialization across the globe has resulted in the generation of large waste energy as a by-product. Numerous large-scale methods are employed in the oil & gas sector to reduce overall energy consumption, operational cost, and greenhouse gas & carbon emissions. The large-scale implementation of waste heat recovery system in the oil & gas sector is expected to boost the industrial processes and substantially enhance their economic feasibility.

The impending factors for the growth of oil & gas waste heat recovery market are considered to be immense in the emerging economies of the Asia Pacific region. The dominant position of Asia Pacific is due to the rising need for energy by the highly urbanized and industrialized economies, such as China, India, and Japan. North America and Europe are also expected to witness a substantial growth over the forecast period, owing to increase in exploration and production activities in prominent oil & gas producing nations, such as the U.S., Canada, and Mexico in North America. The U.K, Norway, and Italy in the European region contributed the largest share for oil & gas waste heat recovery market evolution.    

The global oil and gas waste heat recovery market are expected to witness ~ 7.5% CAGR during the forecast period.

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Key Players

The key players of global oil and gas waste heat recovery market are ABB Ltd. (Switzerland), Ormat Technologies (U.S.), General Electric Company (U.S.), China Energy Recovery (China), Bono Energia (Italy), HRS (U.K), Harbin Electric Company Limited (China), Dongfang Electric Corporation (China), Amec Foster Wheeler (U.K), Siemens AG (Germany), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc.(U.S.), Econotherm Ltd (U.K), Thermax Limited (U.K) and Cool Energy, Inc. (U.S.).

Market Research Analysis

Downstream by sector, thermal by application, heat exchanger by equipment, and residential by end-user are expected to hold the largest share and have the highest CAGR throughout the forecast period.

The global oil & gas waste heat recovery market has been segmented based on sector, application, equipment, end-user, and region. Based on sector, the market is segmented into upstream, midstream, and downstream. Among these, the downstream sector is projected to dominate the oil & gas waste heat recovery market until 2023. The downstream sector consists of refineries and petrochemical complexes, which generate a huge amount of waste energy during their operations, thus, having an extra advantage of utilizing waste energy. Based on application, the market is segmented into thermal, electricity power generation, and others. Thermal application dominated the market in 2016 and is projected to be the fastest-growing application segment for oil & gas waste heat recovery. Thermal waste heat recovery is highly efficient and vitally used for pre-heating and steam generation process. Based on equipment, the market is segmented into heat exchangers, boilers, heat recovery steam generators, turbines, and others. The wide application of heat exchangers, along all major end-users, is expected to drive the equipment segment in waste heat recovery market over the forecast period. Based on end-user, the market is segmented into commercial, residential, and others. Residential segment held the largest share in 2016 owing to the huge demand for energy.

Scope of the Report

This study provides an overview of the global oil & gas waste heat recovery market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the oil and gas waste heat recovery market by its sector, by application, by equipment, by end-user, and by region.

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By Sector

Upstream

Midstream

Downstream

By Application

Thermal

Electricity Power Generation

Others

By Equipment

Heat Exchangers

Boilers

Heat Recovery Steam Generators

Others

By End-User

Commercial

Residential

Others

By Regions

North America

Asia Pacific

Europe

Rest of the World  

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Oil Storage Market Anticipated To Show Healthy Growth And Be Worth 2550.8 Million Cubic Meters By 2027

The global oil storage market size is expected to reach 2550.8 Million Cubic Meters (MCM) by 2027, escalating at a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Continuous rise in oil & gas production along with increasing demand for crude oil in several end-use markets is likely to drive the market growth over the forecast period.

The market is primarily driven by the presence of strategic petroleum reserves, which results in the stockpiling of large quantities of oil. Governments enhance strategic petroleum reserves to provide energy security across the country by minimizing vulnerability to oil stock out incidents and fluctuating prices. Distribution and availability of oil storage facilities as a source of power and energy further contribute to the achievement of sustainable targets.

Declining oil demands due to the COVID-19 pandemic has resulted in a surge in oil storage facilities, thereby propelling the industry growth. For instance, according to the U.S. Energy Information Administration, in June 2020, net crude oil inventories in the country were at 64% storage capacity utilization. The oil storage facilities across various countries have witnessed an immense rise in storage capacity in 2020 when compared to the previous year.

Storage equipment vendors are investing in advanced manufacturing technologies used for fabricating steel tanks to prevent any sort of oil leakage during storage. The presence of stringent regulations relating to oil stockpiling in large quantities below and above-ground tank installations are anticipated to hinder the market growth over the forecast period. For example, the Control of Pollution Regulations 2001 (England) is one of the key legislations that require adherence by the industry participants in Europe.

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Oil Storage Market Report Highlights

The crude oil segment occupied the largest market share in 2019 owing to rising production and supply of crude oil along with declining demand from downstream and midstream sectors

Middle distillates accounted for the second-largest market share in 2019 owing to the development of advanced refining facilities along with proliferating demand for low sulfur distillates

Gasoline is anticipated to be the fastest-growing application segment over the forecast period owing to its usage as an automobile fuel due to high combustion energy

Floating roof oil storage is anticipated to attain the highest CAGR over the forecast period owing to efficient design, which helps in minimizing evaporative losses and corrosion

Fixed roof oil storage occupied the largest market share in 2019 owing to the high degree of containment provided by a fixed roof that minimizes risks of a fire incident

North America occupied a significant market share in 2019 owing to the growing requirement for oil stockpiling across the region along with rising exploration and production activities associated with shale gas reserves

Oil Storage Market Segmentation

Grand View Research has segmented the global oil storage market on the basis of application, product, and region:

Oil Storage Application Outlook (Volume, Million Cubic Meters, 2016 – 2027)

Crude Oil

Middle Distillates

Gasoline

Aviation Fuel

Others

Oil Storage Product Outlook (Volume, Million Cubic Meters, 2016 – 2027)

Open Top

Fixed Roof

Floating Roof

Others

Oil Storage Regional Outlook (Volume, Million Cubic Meters, 2016 – 2027)

North America

The U.S.

Canada

Mexico

Europe

Germany

Russia

The Netherlands

Belgium

Asia Pacific

China

Indonesia

Malaysia

Australia

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

UAE

List of Key Players of Oil Storage Market

Vitol Tank Terminals International BV (VTTI)

Koninklijke Vopak NV

Oiltanking GmbH

Shawcor Ltd.

Buckeye Partners, L.P.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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U.S. Midstream Oil & Gas Equipment Market Recent Trends, Developments, Opportunities And Forecast

The U.S. midstream oil & gas equipment market is anticipated to reach USD 983.73 billion by 2026 according to a new study published by Polaris Market Research.

Crude oil refinery industry in the U.S. has been gaining momentum rapidly since the low crude oil price era. By the end of 2017, the country hosted a total of 141 operating refineries with an overall crude distillation capacity of approximately 18.62 million barrels per calendar day and 19.80 million barrels per steam day. The refining capacity has increased 300,000 bpcd in 2017. Such increase in capacity and complexity in the country, demand for midstream equipments will increase significantly over the forecast period.

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The country is one of the leading five global exporters with an average of USD 22 billion for the past four years. The increasing demand for transportation fuels along with the rising complexity for clean fuels, there are legal and regulatory constraints that have actually threatened to higher global trade in many of the U.S. strategic export is driving the U.S. midstream oil & gas equipment market. The country’s exporters have been facing requirements of local contents, trade restrictions, labor requirements and rising cost along with decreasing competitiveness of U.S. exports due to growing Chinese and some European markets.

The share of U.S. made equipments and appliances sector is projected to remain competitive in over the next three to four years, the country’s share of equipments being exported to the global markets, as a part of the global midstream equipment exports to the worldwide market, has reduced moderately. This is actually owing to its increasing domestic consumption during the past three years, however it is also a sign of higher competition from foreign manufacturers, as the other nations has significantly increased its share of export to the U.S. midstream oil & gas equipment market.

Some of the leading industry participants in the U.S. midstream oil & gas equipment market include Abbot Group, Transocean, Zenith Oilfield Technology, National Oilwell Varco Incorporated, Schlumberger, Weatherford International, Halliburton Company, ENI, Baker Hughes, Cameron International, FMC Technologies, Aker Solutions.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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Phone: 1-646-568-9980

Email: sales@polarismarketresearch.com

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Pressure Relief Valves Forecast to 2031 with Key Companies Profile, Supply, Demand and SWOT Analysis

Pressure Relief Valves Market Research, 2031

The global pressure relief valves market size was valued at $4.4 billion in 2021, and is projected to reach $7 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.Pressure relief valve (PRV) is also called as a relief valve. Pressure vessels and other equipment are protected by pressure relief valve from being subjected to pressures that exceed their design limits. The valve is used to control or limit the pressure built inside the equipment which may cause equipment or instrument failure, or fire. The pressure is relieved by allowing the pressurized fluid to flow from an auxiliary passage out of the system.

Pressure relief valve are used in the oil & gas industry for drilling and workover operations, which, in turn, increase demand for pressure relief valve, and is anticipated to boost growth of the pressure relief valve market. According to a report on North America Midstream Infrastructure through 2035 published in June 2018 by ICF International Inc., total investments in oil & gas infrastructure are projected to range between $685 billion and $895 billion from 2018 to 2035. In addition, pharmaceuticals and food & beverages industries are largely saturated in developing countries including European Union, such as the U.S. and China. Pressure relief valve have an important role in manufacturing of different types of medical devices and support key players to give opportunity during this pandemic situation. For instance, according to the India Brand Equity Foundation (IBEF), the food & beverage processing industry has emerged as a high-profit and high-growth sector, owing to its immense growth potential. Moreover, rise in number of industrial infrastructure projects in developing countries is driving the demand of pressure relief valves market. For instance, the government of China spent $10 billion on a new oil & gas refinery project, Guangdong refinery, which is expected to be completed by March 2022. Such instances are expected to drive the growth of the market. There are many domestic manufacturers present in places, which is expected to hamper growth of the pressure relief valve market. Domestic manufacturers provide pressure relief valve ranging from $100 to $200. However, key players offer pressure relief valve ranging from $100 to $2500. Hence, customer focuses more on adopting pressure relief valve from domestic manufacturers, which, in turn, hinders the pressure relief valves industry growth.

COMPETITION ANALYSIS

The major players profiled in the pressure relief valve market include AGF Manufacturing, Inc., Alfa Laval, Curtis-Wright Corp, Emerson Electric Co., General Electric, Goetze KG Armaturen, IMI PLC, Mercury Manufacturing Company Limited, The Weir Group PLC, and Watts Water Technology, Inc.

Major companies in the market have adopted acquisition and product launch as their key developmental strategies to offer better products and services to customers in the pressure relief valve market.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the pressure relief valves market overview, segments, current trends, estimations, and dynamics of the pressure relief valves market analysis from 2021 to 2031 to identify the prevailing pressure relief valves market opportunities.

The market research is offered along with information related to key drivers, restraints, and opportunities.

Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

In-depth analysis of the pressure relief valves market segmentation assists to determine the prevailing market opportunities.

Major countries in each region are mapped according to their revenue contribution to the global market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the pressure relief valves market outlook and analysis of the regional as well as global pressure relief valves market trends, key players, market segments, application areas, and market growth strategies.

Full Report With TOC:-https://www.alliedmarketresearch.com/pressure-relief-valves-market-A16110#:~:text=The%20global%20pressure%20relief%20valves,called%20as%20a%20relief%20valve.

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Pipe and Tank Coatings Market 2021 | status and outlook Growth Challenges & Top key Players, Forecast 2028

On the other hand, the rise in concerns regarding environment and exposure issues is expected to obstruct the pipe and Tank coatings market growth. The presence of volatile organic compounds in pipe is projected to challenge the pipe and Tank coatings market in the forecast period of 2021 to 2028.

The pipe and Tank coatings market is expected to witness market growth at a rate of 4.84% in the forecast period of 2021 to 2028 and is expected to reach USD 16.30 billion by 2028. Data Bridge Market Research report on pipe and Tank coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rising demand for energy across the globe is escalating the growth of pipe and Tank coatings market.

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The pipeline coating acts as one of the suitable solution to protect ERW or seamless pipes from corrosion, moisture or other chemical reactions. The coated pipes are considered to be beneficial and cost effective for the transmission of oil, water, gas and other fluids. The coating assists in providing a protective layer to the pipe for preventing it from damaging effects of corrosion. They are extensively utilized in water sewage treatment industries and chemical industries. 

The increasing demand for the method from oil and gas industry as coated pipes are required for the petroleum offshore and onshore production and refineries and high usage especially in the petroleum industry as pipes are required in upstream, midstream and downstream act as the major factors driving the pipe and Tank coatings market. The high utilization of the epoxy pipe coating as it is known to resist high temperatures, chemicals and corrosion and the rise in concerns regarding equipment failure and lost production time caused by pipeline corrosion which enhances the demand for pipeline corrosion protection and thus accelerating the pipe and Tank coatings market growth. Tubing, pipes, fasteners and equipment are affected by chemicals, water and sea salt spray which increase the demand of the process in various industries further influence the pipe and Tank coatings market. Additionally, expansion of oil and gas industry, high demand for energy globally, increase in investment by manufacturers, and increasing demand from water sewage treatment industries and chemical industries positively affect the pipe and Tank coatings market. Furthermore, technological advancement in the coating process and application and increase in oil and gas offshore exploration and production activities extend profitable opportunities to the pipe and Tank coatings market players in the forecast period of 2021 to 2028.   

This pipe and Tank coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on pipe and Tank coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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The global pipe and Tank coatings market is segmented on the basis of form, type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of form, the pipe and Tank coatings market is segmented into powder and liquid.

On the basis of type, the pipe and Tank coatings market is segmented into thermoplastic coatings, metal coatings, fusion bonded epoxy, and concrete weight coatings.

On the basis of application, the pipe and Tank coatings market is segmented into oil and gas, chemical processing, industrial and municipal water supply.

The global pipe and Tank coatings market is analyzed and market size, volume information is provided by country, form, type and application as referenced above.  

The countries covered in the globally pipe and Tank coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the pipe and Tank coatings market because of the increasing demand for pipeline infrastructure from oil and gas, chemical, mining, water and wastewater, agriculture and construction industries, growth of construction sector especially in developing nations, rising rate of oil and gas exploration and production activities, growth of construction industry, increasing water treatment facilities, growing environment regulations and rising water demand for industrial use in the region.

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The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

The global pipe and Tank coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pipe and Tank coatings market.

The major players covered in the pipe and Tank coatings market report are PPG Industries, Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T andProtective Products Inc., Excel Enterprise, General Coatings, Jotun, Kansai Paint Co., Ltd., Lincoln Industries, Mascoat, Nippon Paint Holdings Co., Ltd., NPP Engineering, Sharpshell Industrial Solutions among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Pipe and Tank Coatings Market, By Form (Powder, Liquid), Type (Thermoplastic Coatings, Metal Coatings, Fusion Bonded Epoxy, Concrete Weight Coatings), Application (Oil and Gas, Chemical Processing, Industrial, Municipal Water Supply), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

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Global Oil and Gas Analytics Market- Industry Analysis and Forecast (2020-2027)

Global Oil and Gas Analytics Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 18 % during a forecast period.

Global Oil and Gas Analytics Market

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Digital transformation in the Oil and Gas industry is expected to unlock approximately US$ XX Bn value for the industry. Big data and analytics are assisting companies in analyzing large quantities of structured and unstructured data from different sources and creating real-time insights.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

An increase in demand from refineries for petroleum products is expected to drive the oil and gas analytics market during the forecast period. Some of the many prominent oil & gas key players are adopting digital technologies to enhance their productivity and reduce costs and also focus to fulfill the increasing need for fossil fuels. The adoption of analytic tools is expected to increase production efficiency by 6% to 8%, which will stimulate the oil and gas analytics industry size US$ XX Mn. Also, the implementation of strict operational safety norms by the government is expected to boost market growth. Oil and Gas Analytics solution offers the sophistication of platforms and mobility, surveillance, connectivity and storage technologies with the capability to process and analyse data rapidly and also helps to enhance agility and support real-time decision making and execution.

The upstream application in the oil and gas analytics industry was valued at US$ XX Bn by 2019 and is projected to register a noticeable growth rate of more than XX % during the forecast period. The growth in the market can be attributed to factors like rising in the prevalence of unconventional and offshore drilling activities. Many of the Oil and Gas key players are focusing on the implementation of the analytics tools to find out real-time data at minimized cost and adoption of the digital technologies with a focus on better understanding a reservoir’s resource and production potential.

Currently, Oil and gas key players are preferring cloud as a powerful enabler, which helps to increase the lifespan, uptime, and reliability of plant and infrastructure and increases returns. These players are implementing professional, cloud-based, and integration analytics services to find real-time information. Among these, the cloud-based services are expected to grow at a XX% rate of CAGR during the forecast period. Being one of the critical sectors, the oil and gas industry, analytics solutions comes with huge potential applications for surveying, planning or facility management, and creating a security framework. High investments in start-ups for AI implementation is expected to drive the growth in the market.

Some of the factors like cheap sensors, widening connectivity and computing power are driving the data collection by Oil and Gas companies. The modern offshore drilling platforms have nearly about the 80,000 sensors, which are expected to generate approximately 15 petabytes of data. The data interpretation is in enormous demand.

By region, the North America region held the dominant position in the oil and gas analytics market and is projected to continue its dominant position in the global oil and gas analytics market. The U.S. contributes the majority of share in the market because of the high process rate of oil and gas exploration and production. The region is a major enabler of analytics implementation. The rapid increase in the exploration and production of unconventional oil and shale gas in the region is driving the growth in the market. The United States is expected to increase liquid hydrocarbon production with the help of shale oil, development of deep-water shelf, and growth in NGL production.

The oil and gas companies are concentrating on the reengineering their production strategies and operational models to transform their businesses. Multiple analytics and software start-ups have upraised funding to increase energy production. With the strategic use of analytics, oil and gas key players are achieving high degrees of confidence, which is required to make ground-breaking, profitable decisions. Huge corporations are striving to introduce technological advancements to improve their production efficiency and performance. For instance, Deloitte has developed novel oil and gas analytics solutions, which work much faster over conventional solutions and supports data flow architecture.

The objective of the report is to present a comprehensive analysis of Global Oil and Gas Analytics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Oil and Gas Analytics Market dynamics, structure by analysing the market segments and project the Global Oil and Gas Analytics Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Oil and Gas Analytics Market make the report investor’s guide.

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Global Oil and Gas Analytics Market, By Deployment Platform

• On-Premise • Hosted Global Oil and Gas Analytics Market, By Application

• Upstream Exploration and Drilling Analytics Production Planning and Forecasting Analytics Field Surveillance and Monitoring Analytics Equipment Maintenance Management Analytics Workforce Management Analytics Asset Performance Analytics • Midstream Fleet Analytics Pipeline SCADA Analytics Storage Optimization Analytics • Downstream Pricing Analytics Commodity Trading Analytics Refining Analytics Demand Forecasting Analytics Global Oil and Gas Analytics Market, By Services

• Professional Services • Integration Services • Cloud Services Global Oil and Gas Analytics Market, By Region

• North America • Europe • Asia Pacific • Middle East & Africa • South America Key players operating in Global Oil and Gas Analytics Market

• Royal Dutch Shell • ExxonMobil • BP • Chevron • Rosneft • Equinor • Ubiterra • Skynet Labs • Dark Vision • OAG Analytics • Quantico Energy Solutions • Aptomar • Repsol • Total • ConocoPhillips • WellAware Holdings • Tachyus • Seven Lakes Technologies • Rebellion Photonics • Runtitle • Tibco Software • Accenture • Cisco Systems, Inc • Hewlett Packard Enterprise Development LP • Microsoft Corporation

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US Midstream Oil & Gas Equipment Market Is Expected to See Huge Growth. Latest Research Report, Forecast

US Midstream Oil & Gas Equipment Market Is Expected to See Huge Growth. Latest Research Report, Forecast

Global US Midstream Oil & Gas Equipment Industry: Opportunities in 2021 The U.S. midstream oil & gas equipment market is anticipated to reach USD 983.73 billion by 2026 according to a new study published by Polaris Market Research. Crude oil refinery industry in the U.S. has been gaining momentum rapidly since the low crude oil price era. By the end of 2017, the country hosted a total of 141…