Global Steam Safety Valve Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Pressure Range;

Low Pressure Steam and High Pressure Steam.

By Temperature Range;

Subcritical, Supercritical and Ultra-Supercritical.

By End User;

Power Generation, Oil & Petrochemical, Chemicals, Manufacturing and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn133085196 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Steam Safety Valve Market (USD Million), 2021 - 2031

In the year 2024, the Global Steam Safety Valve Market was valued at USD 3,404.24 million. The size of this market is expected to increase to USD 5,948.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.3%.

The global steam safety valve market plays a crucial role in ensuring safe operations across various industrial sectors, where steam is used extensively for heating, power generation, and industrial processes. Steam safety valves are designed to prevent overpressure situations within boilers and other steam systems, thereby safeguarding equipment and personnel from potential hazards such as explosions or equipment failure due to excessive pressure.

One of the key drivers for the steam safety valve market is stringent regulatory requirements mandating the use of safety devices in industrial settings. Regulations from organizations like ASME (American Society of Mechanical Engineers) and others set standards for the installation and maintenance of steam safety valves, fostering market growth as industries strive to comply with these safety norms.

Technological advancements in valve design and materials are also propelling market expansion. Modern steam safety valves are equipped with features like remote monitoring capabilities, which enhance operational efficiency and enable proactive maintenance, thereby reducing downtime and operational risks. This combination of regulatory compliance and technological innovation is shaping a robust market for steam safety valves worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Pressure Range
    2. Market Snapshot, By Temperature Range
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Steam Safety Valve Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements in Valve Design
        2. Stringent Safety Regulations and Standards
        3. Increasing Industrial Automation
      2. Restraints
        1. High Maintenance Costs
        2. Complexities in Integration with Existing Systems
        3. Fluctuating Raw Material Prices
      3. Opportunities
        1. Growth in Renewable Energy Sector
        2. Expansion of Industrial Infrastructure in Emerging Markets
        3. Adoption of IoT and AI in Valve Monitoring
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Steam Safety Valve Market, By Pressure Range, 2021 - 2031 (USD Million)
      1. Low Pressure Steam
      2. High Pressure Steam
    2. Global Steam Safety Valve Market, By Temperature Range, 2021 - 2031 (USD Million)
      1. Subcritical
      2. Supercritical
      3. Ultra-supercritical
    3. Global Steam Safety Valve Market, By End User, 2021 - 2031 (USD Million)

      1. Power Generation

      2. Oil & Petrochemical

      3. Chemicals

      4. Manufacturing

      5. Others

    4. Global Steam Safety Valve Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Spirax Sarco
      2. Emerson Electric Co.
      3. Forbes Marshall
      4. IMI plc
      5. Velan Inc.
      6. Leser GmbH & Co. KG
      7. Schlumberger Limited
      8. Curtiss-Wright Corporation
      9. Watts Water Technologies
      10. Tyco International
  7. Analyst Views
  8. Future Outlook of the Market