Global Market Study on Buckling Pin Relief Valves: Rising Demand from Power Generation Industry to Bring Significant Opportunities


Buckling Pin Relief Valves  Market
  • Published On : Apr-2019 |
  • Pages : 211 Pages |
  • Format :

Persistence Market Research (PMR), in its recent study on the buckling pin relief valves market, offers a detailed value-volume analysis of the buckling pin relief valves market on the basis of various segments such as size, set pressure, end-use industry, and region. In terms of size, the 5 inches to 25 inches buckling pin relief valves segment is projected to be a lucrative segment in terms of growth opportunities, as these are considered to be the most common type of buckling pin relief valves.

Buckling pin relief valves find major application in the oil & gas and petrochemical industries. There has been significant growth of the oil & gas and water industries, which, in turn, has been a major driving factor for the growth of the buckling pin relief valves market. From a macroeconomic point of view, a positive outlook for end-use industries will create substantial opportunities for buckling pin relief valve manufacturers across the globe.

The buckling pin relief valves market report covers the market analysis through basis point analysis (BPS), absolute dollar opportunity index, market attractiveness analysis, and Y-o-Y growth. The volume analysis for the buckling pin relief valves market has been considered in units (number of buckling pin relief valves for the current base year), covering data for the historical period 2013–2017 and the forecast 2018–2028, with 2017 as the base year.

An Overview of the Buckling Pin Relief Valves Market Report Chapters

This global buckling pin relief valves market report consists of around 19 sections that elaborate on market numbers in terms of volume in units and value in US$ at regional and global levels. The buckling pin relief valves market report begins with an executive summary covering a gist of the report. The executive summary highlights the global buckling pin relief valves market overview in terms of value and volume through various segments.

This section also covers key supply- and demand-side trends in the global buckling pin relief valves market. The next section covers the global buckling pin relief valves market introduction, including the taxonomy by size, set pressure, and end-use industry; definitions of the segments considered; key success factors to the market; and other information relevant to the global buckling pin relief valves market.

In the next section of the global buckling pin relief valves market report, we have included market viewpoints that include macroeconomic factors, forecast factors, and value chain analysis, along with a list of raw material suppliers, and buckling pin relief valve manufacturers, distributors, and end users. This section also covers the market dynamics, which includes several drivers responsible for the growth of the market, restraining factors, and opportunities in the market, as well as several trends with respect to global as well as regional markets.

The successive section of the global buckling pin relief valves market report includes a global industry analysis by volume and value, along with pricing analysis for North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, with a weighted average price for every region and product type segment. The next section of the global buckling pin relief valves market report includes qualitative and quantitative analysis of the buckling pin relief valves market by every segment considered. The report also includes an additional section with detailed analysis of the market for three emerging countries - China, India, and Mexico.

This buckling pin relief valves market report focuses on analysing the market opportunities, and getting a detailed understanding of the buckling pin relief valves market. The report elaborates on the regional analysis, market dynamics, market intensity, market structure, and competition landscape of the buckling pin relief valves market for the next ten years, i.e. 2018-2028.

Each section of the buckling pin relief valves market report includes a qualitative and quantitative assessment of the market on the basis of historical data or developments and facts and key opinions collected from various end-use industry participants through primary interviews, annual reports, newsletters, press releases, etc. The report studies some of the major players in the buckling pin relief valves market such as BS&B Safety Systems, L.L.C., Elfab Limited, Taylor Valve Technology, King’s Energy Services Ltd., and Jiangsu Reliable Mechanical Equipment Co., Ltd.

Buckling Pin Relief Valves Market: Segmentation

By Size

By Set Pressure

End-Use Industry

By Region

  • Less than 5 inches
  • 5 inches to 25 inches
  • 25 inches to 40 inches
  • Above 40 inches
  • Low Pressure
  • High Pressure
  • Oil and Gas
  • Chemicals and Petrochemicals
  • Energy & Power Generation
  • Pulp and Paper
  • Water and Wastewater
  • Others
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa
  • Oceania


Research Methodology

The initial stage of the research study includes the formulation of assumptions, which are necessary for primary and secondary research. Further stages of research involved the triangulation of the data collected from these two approaches. To analyse the global buckling pin relief valves market trends and opportunities for buckling pin relief valve manufacturers, the market has been segmented on the basis of size, set pressure, end-use industry, and region.

For the analysis of consumption, we have considered FY 2017 as the base year. Basic data was collected from manufacturers’ annual reports, newsletters, public reports published by government, valve manufacturing organisations, private agencies, World Bank’s sources, etc. For final analysis of the market data, we considered demand-side as well as supply-side drivers and trends in various regional markets. We have forecasted the market data on the basis of key developments, regional trends, and production-consumption scenario of the buckling pin relief valves market. For forecasting the market data, we have considered historic data for the period of 2013-2017.

Buckling Pin Relief Valves Market – Key Research Findings

  1. The global buckling pin relief valves market was valued at around US$ 273.0 Mn in 2017, and is estimated to grow at a 2.8% CAGR over 2018–2028.
  2. The Middle East and Africa and North America will remain the largest regional markets for buckling pin relief valves.
    • The presence of a large, gradually growing oil & gas industry will continue to generate substantial demand for buckling pin relief valves.
  3. In terms of unit sales, East Asia and South Asia are expected to register relatively high value and volume growth in the buckling pin relief valves market throughout the forecast period.
    • Healthy growth of industries such as oil & gas, chemical & petrochemicals, energy & power generation, pulp & paper, and water & wastewater, among others, in China, India, and other Asian countries, is the key driving factor for the growth of the buckling pin relief valves market.
    • Moreover, low production cost and labor cost, and lenient regulations in such regions are encouraging various end-use vertical players, including oil & gas, pulp & paper, power generation, and water & wastewater treatment plant manufacturers to expand their manufacturing facilities in these regions, which, in turn, is expected to drive the demand for buckling pin relief valves in the coming years.
  4. Buckling pin relief valves find noteworthy application in the power generation industry. A positive outlook is expected for the energy and power generation sector, particularly in developing countries, owing to increasing energy consumption and the growing demand for alternative sources.
  5. Growing concerns towards wastewater treatment and increasing water engineering operations are also estimated to drive the demand for buckling pin relief valves for water and wastewater industrial applications, to a significant extent.
  6. India, Mexico, and the ASEAN region are picking up in the buckling pin relief valves market, owing to the robust outlook of various industries in these countries.

Top 3 Factors Shaping the Buckling Pin Relief Valves Market

  • Growing demand for buckling pin relief valves for being a cost-effective product
    • Though buckling pin relief valves may entail high initial investment, owing to being limited to materials such as stainless steel and carbon, the operating cost of these valves is very low, as these valves are expected to last the length of the projects they are involved in. Buckling pin relief valves are considered as maintenance-free valves. They also offer a key advantage of carrying out inspection without breaking the line.
  • An alternative to reclosing pressure relief valves
    • Buckling pin relief valves fall under the category of 'non-reclosing pressure relief devices'. Buckling pins are also sometimes referred to as rupture pin valves, and are considered as an alternative to the more commonly used rupture disks. Buckling pin valves are accepted as an alternative to rupture disks and spring-loaded valves by the following standards:
      • ISO 9001 Quality Systems Certification
      • EU Pressure Equipment Directive
      • API 520 / 521 / 526 / 537
    • Owing to several benefits such as no metal shards on lifting, high capacity, no fugitive emission, low downtime owing to the rapid replacement of the pin, etc., the demand for buckling pin relief valves is estimated to increase at a significant pace. This, in turn, is expected to contribute to the growing market for buckling pin relief valves across the globe.
  • Significant application in refineries and petrochemicals
    • Buckling pin relief valves are special-purpose relief valves, and generally find application in refineries, petrochemicals, and a few other processing industries. Various upcoming projects in the oil & gas sector will bring in rapid momentum in terms of the installation and construction of pipelines. These pipelines are laid down across long distances, and are fitted with a large number of valves in order to regulate the flow of hydrocarbons through them. This, in turn, will also boost the demand for buckling pin relief valves for liquid and gas, as well as steam applications.

buckling pin relief valves market

Buckling Pin Relief Valves Market: Structure Analysis

  • The global buckling pin relief valves market represents a fragmented competition landscape, wherein, tier 1 companies or organized players hold less than 15% revenue share. This can be mainly attributed to the limited number of players involved in the complete manufacturing of buckling pin relief valves across the globe, predominantly catering to their respective regional markets.
  • Top companies operating in the buckling pin relief valves market include BS&B Safety Systems, L.L.C., Elfab Limited, Taylor Valve Technology, King’s Energy Services Ltd., and Jiangsu Reliable Mechanical Equipment Co., Ltd.
  • These players are trying to expand and grow in the buckling pin relief valves market through strategic steps of development. This report on the buckling pin relief valves market is designed to provide relevant information regarding these players, and also about the key strategies that they have adopted.

Company Profiles 

  • Elfab Limited 
  • Taylor Valve Technology
  • King’s Energy Services Ltd. 
  • Jiangsu Reliable Mechanical Equipment Co., Ltd.

 

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