Pressure Relief Valves and Devices

The Pressure Relief Valves and Devices market research delivers current market analysis plus a five year market and technology forecast.  The research is available in multiple editions including worldwide, all regions, and most major countries.

Pressure Relief Valve Market: Regulations Promoting Low Fugitive Emissions Fuel Growth

ARC Advisory Group’s research reveals that the ongoing efforts toward limiting fugitive emissions from process industries are expected to generate higher sales for pressure relief valves and devices as well as the accompanying smart remote monitoring devices, in both new construction projects and upgrades. With the increasing emphasis on emission reduction in the process industries, valve suppliers, automation companies, and OT providers are working toward digitalizing valve assets in efforts to meet their ESG commitments and meet increasingly stringent regulatory requirements. Government incentives, including the Inflation Reduction Act in the US, are additional drivers to market growth.

Pressure Relief Valves & Devices Strategic Issues

In addition to providing a five-year market forecast, the Pressure Relief Valves & Devices market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Improve Safety and Productivity

As customers work to improve safety, productivity, and compliance in the wake of increasingly stringent environmental regulations, the number of measurement points and the reliability of the pressure relief valves and devices is expected to increase. End users and engineering firms are working toward this globally and expect the same from their suppliers.

Increasing Emphasis on Digitalization

With the increasing emphasis on the digitalization of assets in the process industries, increasing number of valve suppliers, automation companies, and OT providers are working towards digitalizing valve assets for condition monitoring and predictive maintenance. Different types of active pressure relief valves operations management solutions are being offered in the current market. PRV digitalization and operations management is expected to continue gaining traction amongst end users.

Ensure Optimum System Performance

Due to the nature of operation, pressure relief valves are prone to frequent maintenance and overhaul. Also, due to the sheer number of PRVs operating in a plant, failure in monitoring and avoiding unaccounted leakages from several PRVs may lead to large amassed value of emission and energy loss. To be better equipped to avoid such losses, users should work closely with suppliers during the installation and implementation phase to learn about and better understand any potential operational or maintenance nuances. Users that lack the necessary in-house technical expertise may want to consider outsourcing some or all the operational activities to a capable and proven third party, being careful to ensure that mechanisms are in place to secure their production. Learning how the system handles critical malfunction, transient conditions, and other operational issues prior to decision and installation may save time, resources, and also avert major catastrophes, down the road.