Safety Valves Market Size, Share, Opportunities, And Trends By Valve Type (Spring Loaded Safety Valves, Pilot Operated Safety Valves, Dead Weight Pressure Relief Valves), By Material Type (Cast Steel, Cast Iron, Bronze), By Application (Petroleum Refining, Chemical Manufacturing, Power Generation), And By Geography - Forecasts From 2025 To 2030

Safety Valves Market Size & Forecast:

The safety valve market is projected to grow at a CAGR of 9.55% over the forecast period, increasing from US$5.580 billion in 2025 to US$8.803 billion by 2030.  

A safety valve is a device, which is used across multiple industries, like oil & gas, petrochemicals, power & energy, and chemicals, among others, to ensure the industry’s safety. of the industry. These valves allow a controlled release of steam or gas, when a higher pressure is built, and maintain an optimum pressure in the pipelines, and containers. The main purpose of the safety valve is to release excess pressure from vessels and to prevent the excessive release of gases into the atmosphere.

Safety Valves Market Trends:

One of the major driving factors propelling the safety valves market is the increasing demand for chemicals and petrochemicals across multiple industries. With the rising demand for chemicals across the globe, the production of chemicals and petrochemicals grew significantly, creating an optimum opportunity for the safety valve growth in the industry. In the chemical industry, safety valves are used to control and release excessive pressure, which can damage the vessel or the system. 

The production of chemicals in India has grown significantly over the past few years. The India Brand Equity Foundation, in its chemical report, stated that in April 2024, a total of 934.3 thousand MT of chemicals were produced in the nation and 1,697 thousand MT of petrochemicals were produced. The total chemical production grew to about 949.5 thousand MT in May 2024, whereas the petrochemical production expanded to 1,820 thousand MT in the same period.

 Safety Valve Market Growth Drivers:

• The rising production of crude oil is anticipated to fuel the safety valve market expansion. 

Safety valves play a critical role in maintaining the safety and efficiency of the oil and gas industry. In this industry, the safety valves are used to prevent uncontrolled flow, which can further lead to major accidents. The growth of global oil and gas production across the globe is forecasted to grow the market share of safety vales worldwide.

Enerdata, in its report, stated that in 2023, global crude oil production expanded by 1%. The organization further stated that in 2022, 756mt of crude oil was produced by the USA, whereas about 598mt in Saudi Arabia and 544mt in Russia were produced in the same year. The total production increased in 2023 when about 820mt of crude oil was produced by the USA, whereas about 542mt and 535mt of crude oil were produced by Saudi Arabia and Russia, respectively.

• The increasing demand from the power generation industry is anticipated to fuel the safety valve market expansion. 

Over time, the need for safety valves for power generation will grow quickly. The energy and power generation facilities' increasing emphasis on safety as they handle various pressured liquids and materials is anticipated to support safety valve market growth in the coming years which has also increased energy production. For instance, the electricity generation target (including renewable energy) for 2023-2024 was established at 1750 billion units (BU), which essentially translates into a rise of roughly about 7.2% above the generated quantity of 1624.158 BU during the previous year (2022-2023). On the other hand, there was a generation figure of 1624.158 in 2022-2023, with an increase of past year circumstances being such that from 1,491.859 in the year before that (2021-2022) there had been an 8.87% rise.

Moreover, safety valves are used in machinery to prevent overpressure from exploding. However, safety valves in nuclear power plants also prevent radioactive materials from dispersing outside. As new nuclear power plants are constructed in future years, there will be a demand for isolation and safety valves used within them. For instance, the USA’s share of nuclear power generation was 779.19 TWh in 2023.

Safety Valve Market Geographical Outlook:

Based on geography, the safety valve market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The USA held the largest market share in the North American region. Safety valves can protect people and property from the dangers of over-pressuring. The market for safety valves in the United States is expected to grow moderately in the projected period, owing to the increasing demand for safety valves in various industries such as power generation, mining, and oil and gas. Additionally, the extensive use of these safety valves in chemical reactors, nuclear power plants, and steam boilers is anticipated to propel the market growth for safety valves in the forecasted period. 

The growing power generation industry in the United States will positively impact on the safety valves market in the coming years. For instance, in 2023, about 4,178 billion kilowatt-hours (kWh) or about 4.18 trillion kWh of electricity was generated at utility-scale electricity generation facilities in the United States. About 60% of this electricity came from fossil fuels, nuclear energy contributed to about 18.6%, and the remaining energy was generated from renewables. Hence, the growing power generation sector is anticipated to boost the market growth for safety valves. 

Additionally, the growing adoption of safety valves in industries such as food and beverages and pharmaceuticals, among others, are expected to fuel the market in the coming years. For instance, in February 2022, GEA, one of the major companies operating in the United States, launched a new generation of valves for improved safety and hygiene production. These valves will provide safety in industries like food and beverages, dairy, and pharmaceutical industries. Hence, multiple applications of safety valves in various industries are fueling the market growth. 

According to the U.S. Energy Information Administration (EIA), in the United States in 2022, 4.07 trillion kWh of electricity was consumed. The electricity generated from nuclear power sources in 2022 was 772 billion kilowatt-hours, which grew to 775 billion kilowatt-hours in 2023. Similarly, the electricity generated from natural gas in 2022 was 1,687 billion kilowatt-hours, which grew to 1,802 billion kilowatt-hours in 2023. Hence, the rising electricity generation and the growing application of safety valves in these end-use sectors are anticipated to propel market growth in the coming years.

 Safety Valve Market Recent Developments:

• October 2024- Danfoss announced new safety valves concerning the EVR and NRV lines in compliance with tight UL 60335-2-40 and 60335-2-89 standards. They are perfect for sealing off flammable refrigerant charges in case of leaks, thus minimizing the total releasable charge for higher-capacity systems. 

Safety Valves Market Scope:

Report Metric	Details
Safety Valves Market Size in 2025	US$5.580 billion
Safety Valves Market Size in 2030	US$8.803 billion
Growth Rate	CAGR of 9.55%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Valve Type Material Type Application Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Safety Valves Market	Spirax Sarco Limited LESER GmbH Co. KG Novel Valves India Pvt. Ltd. SVR Global LLC Emerson Electric Co.
Customization Scope	Free report customization with purchase

 

The safety valve market is analyzed into the following segments:

• By Valve Type
  • Spring Loaded Safety Valves
  • Pilot Operated Safety Valves
  • Dead Weight Pressure Relief Valves
• By Material Type
  • Cast Steel
  • Cast Iron
  • Bronze
• By Application 
  • Petroleum Refining
  • Chemical Manufacturing
  • Power Generation 
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. SAFETY VALVE MARKET BY VALVE TYPE

5.1. Introduction

5.2. Spring Loaded Safety Valves

5.3. Pilot Operated Safety Valves

5.4. Dead Weight Pressure Relief Valves

6. SAFETY VALVE MARKET BY MATERIAL TYPE

6.1. Introduction

6.2. Cast Steel

6.3. Cast Iron

6.4. Bronze

7. SAFETY VALVE MARKET BY APPLICATION

7.1. Introduction

7.2. Petroleum Refining

7.3. Chemical Manufacturing

7.4. Power Generation 

7.5. Others

8. SAFETY VALVE MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Valve Type

8.2.2. By Material Type

8.2.3. By Application

8.2.4. By Country

8.2.4.1. United States

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Valve Type

8.3.2. By Material Type

8.3.3. By Application

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Valve Type

8.4.2. By Material Type

8.4.3. By Application

8.4.4. By Country

8.4.4.1. Germany

8.4.4.2. United Kingdom

8.4.4.3. France

8.4.4.4. Spain

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Valve Type

8.5.2. By Material Type

8.5.3. By Application

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Valve Type

8.6.2. By Material Type

8.6.3. By Application

8.6.4. By Country

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. South Korea

8.6.4.4. India 

8.6.4.5. Australia

8.6.4.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Spirax Sarco Limited 

10.2. LESER GmbH Co. KG 

10.3. Novel Valves India Pvt. Ltd. 

10.4. SVR Global LLC 

10.5. Emerson Electric Co. 

10.6. Kingston Valves 

10.7. UNI Klinger Limited  

10.8. Heroes GmbH 

10.9. VYC Industrial, SAU 

10.10. Total Valve Systems 

10.11. Brightech 

10.12. Flowjet Valves Pvt. Ltd. 

10.13. FUKUI SEISAKUSHO CO., LTD. 

Safety Valves Companies:

• Spirax Sarco Limited 
• LESER GmbH Co. KG 
• Novel Valves India Pvt. Ltd. 
• SVR Global LLC 
• Emerson Electric Co. 
• Kingston Valves 
• UNI Klinger Limited  
• Heroes GmbH 
• VYC Industrial, SAU 
• Total Valve Systems 
• Brightech 
• Flowjet Valves Pvt. Ltd. 
• FUKUI SEISAKUSHO CO., LTD.