Key Segments
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The safety valves market is expected to be valued at USD 4.5 billion in 2019 and is likely to reach USD 5.5 billion by 2024 , at a CAGR of 4.30 % during the forecast period .
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Importance of safety valves in industrial processes , increased need from oil & gas , growth in nuclear energy generation are among the key driving factors for the safety valves market . Constant need for safety valve replacement , use of 3D printers in manufacturing lines are among the other factors fueling the growth of the market . However , the high cost of fabrication can hinder the growth of the safety valves market .
Browse 65 market data Tables and 40 Figures spread through 130 P ages and in-depth TOC on " Safety Valves Market ”
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Oil & gas industry to hold the largest share of the safety valve market in 2019
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Market for cryogenic material to grow at the highest CAGR during the for ecast period
APAC expected to hold largest share of safety valve market in 2019