An overpressure event refers to any condition which would cause pressure in a vessel or system to increase beyond the specified design pressure or maximum allowable working pressure (MAWP).
The primary purpose of a pressure Relief Valve is protection of life and property by venting fluid from an overpressurized vessel.
The spring-loaded relief valve is a conventional pressure relief valve that is commonly used in liquid service valves. The valve opens proportionally as the pressure increases to overcome the spring pressure.
Source: Secondary Sources and QYResearch, 2020
Many electronic, pneumatic and hydraulic systems exist today to control fluid system variables, such as pressure, temperature and flow. Each of these systems requires a power source of some type, such as electricity or compressed air in order to operate. A pressure Relief Valve must be capable of operating at all times, especially during a period of power failure when system controls are nonfunctional. The sole source of power for the pressure Relief Valve, therefore, is the process fluid.
According to the new market research report “Global Spring-loaded Relief Valve Market Report 2023-2029”, published by QYResearch, the global Spring-loaded Relief Valve market size is projected to reach USD 2.91 billion by 2029, at a CAGR of 3.5% during the forecast period.
Figure. Global Spring-loaded Relief Valve Market Size (US$ Million), 2018-2029
Figure. Global Spring-loaded Relief Valve Top 5 Players Ranking and Market Share（Based on data of 2021, Continually updated）
The global key manufacturers of Spring-loaded Relief Valve include General Electric, Emerson Electric, Weir Group, Curtiss-Wright, Watts, Alfa Laval, CIRCOR, IMI, Aalberts, Parker, etc. In 2021, the global top five players had a share approximately 34.0% in terms of revenue.
For more information, please contact the following e-mail address:
Email: global@qyresearch.com
Website: https://www.qyresearch.com
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.