Buckling Pin Relief Valves Market

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

Buckling Pin Relief Valves Market – Key Research Findings

  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.

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Companies

Company Profiles 

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

 

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.

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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.

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Buckling Pin Relief Valves Market: Segmentation

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

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