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

By Type;

Spring-Loaded Pressure-Relief Valves, Dead-Weight Pressure-Relief Valves, and Pilot-Operated Pressure-Relief Valves.

By System;

Less Than 6 Inch, 7 Inch-25 Inch, 26 Inch-50 Inch, 50 Inch, and Above.

By End Use;

Oil & Gas, Energy & Power, Chemicals, Water & Wastewater, Building & Construction, Pharmaceuticals, Agriculture, Metal & Mining, Paper & Pulp, Food & Beverages, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn942404911 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Steel Safety Valve Market was valued at USD 7,022.51 million. The size of this market is expected to increase to USD 12,138.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.1%.

The Global Steel Safety Valve Market is witnessing steady growth, driven by rising industrialization, infrastructure development, and the increasing need for safety mechanisms across various sectors. Steel safety valves are critical components used to regulate and control pressure in pipelines, machinery, and industrial processes, ensuring safety and operational efficiency. Industries such as oil and gas, chemical, power generation, and water treatment heavily rely on these valves to prevent accidents caused by overpressure. The growing demand for energy, coupled with the expansion of industrial facilities, has created a robust market for steel safety valves. Their durability, corrosion resistance, and ability to withstand extreme conditions make them a preferred choice in demanding environments.

Technological advancements have also played a significant role in shaping the steel safety valve market. Modern steel safety valves incorporate smart technologies, such as remote monitoring and control systems, which enhance efficiency and enable predictive maintenance. These innovations have gained traction in industries that require real-time performance data to prevent equipment failure and reduce downtime. Additionally, the development of advanced materials, including stainless steel alloys, has improved the reliability and longevity of safety valves, even in highly corrosive or high-temperature applications. This has further bolstered their adoption in critical industries like petrochemicals and power plants.

Geographically, the Asia-Pacific region dominates the steel safety valve market, fueled by rapid industrial growth in countries like China, India, and Japan. The expansion of manufacturing, energy, and infrastructure projects in these regions has created a significant demand for safety valves. In contrast, North America and Europe are also important markets, driven by stringent safety regulations and the modernization of existing industrial infrastructure. As industries continue to prioritize safety, efficiency, and compliance with environmental standards, the global steel safety valve market is expected to experience sustained growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By System
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Global Steel Safety Valve Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Industrial Safety and Pressure Control Systems
        2. Expansion of Energy and Power Generation Sectors
        3. Increasing Adoption in Oil and Gas and Chemical Industries
        4. Advancements in Smart and Automated Valve Technologies
      2. Restraints
        1. High Initial Costs and Maintenance Requirements
        2. Competition from Alternative Valve Materials
        3. Challenges in Retrofitting Safety Valves in Older Infrastructure
        4. Fluctuations in Steel Prices Impacting Manufacturing Costs
      3. Opportunities
        1. Growing Industrialization in Emerging Markets
        2. Development of High-Performance Steel Alloys for Extreme Conditions
        3. Integration of IoT and Digital Monitoring in Safety Valves
        4. Rising Investments in Water Treatment and Environmental Projects
    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 Steel Safety Valve Market, By Type, 2021 - 2031 (USD Million)
      1. Spring-Loaded Pressure-Relief Valves
      2. Dead-Weight Pressure-Relief Valves
      3. Pilot-Operated Pressure-Relief Valves
    2. Global Steel Safety Valve Market, By System, 2021 - 2031 (USD Million)
      1. Less Than 6 Inch
      2. 7 Inch-25 Inch
      3. 26 Inch-50 Inch
      4. 50 Inch
      5. Above
    3. Global Steel Safety Valve Market, By End Use, 2021 - 2031 (USD Million)
      1. Oil & Gas

      2. Energy & Power

      3. Chemicals

      4. Water & Wastewater

      5. Building & Construction

      6. Pharmaceuticals

      7. Agriculture

      8. Metal & Mining

      9. Paper & Pulp

      10. Food & Beverages

      11. Others

    4. Global Steel 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. Emerson Electric Co

      2. SLB

      3. General Electric Company

      4. Curtiss-wright Corporation

      5. ALFA LAVAL

      6. IMI plc

      7. LESER GmbH & Co.KG

      8. The Weir Group PLC

      9. Forbes Marshall

      10. Danfoss

      11. Bosch Rexroth AG

      12. Spirax Sarco Limited

  7. Analyst Views
  8. Future Outlook of the Market