New ARC Advisory Group research on Pressure Relief Valves and Devices reveals that the increasing influence of digitization on valve operation management will help spur market growth, especially for those pressure relief valve (PRV) suppliers that can quantify the potential benefits for end users. Digitization of PRV operations can enable end users to continuously monitor asset performance, identify and respond to fault alerts in real time, and store diagnostic data in their valves. This can help reduce press relief valve malfunctions to a significant degree to enhance plant safety and minimize carbon emissions.
“The press relief valves and devices space is currently witnessing an evolution, with several key market participants transforming their business from equipment manufacturers to complete solution providers. Cloud platforms and analytics engines are increasingly being employed for data management, processing, and predictive maintenance across the plant instrumentation space. ARC anticipates that an increasing number of end users, especially in the electric power and refining industries, will embrace these digital solutions to improve valve management,” according to Sandeep K. Mukunda, Analyst at ARC Advisory Group and key author of ARC’s Pressure Relief Valves and Devices Global Market Research 2017-2022 report.
About the Pressure Relief Valves and Devices Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the pressure relief valves and devices market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, revenue category, component, and application.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
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