Zion Market Research Global Pressure Relief Valves Market, 2016–2024 | Page 3

Pressure Relief Valves Market
The developing chemical and oil and gas industry and the rapid industrialization in the
developing countries are the major factors that are contributing to the pressure relief valves
market. The demand for pressure relief valves is expected to increase in the coming years
as the companies keep on relocating their manufacturing plants to different geographical
regions depending on the supply and the demand. Different developing countries are
inclining towards the nuclear power generation, this factor is also driving the pressure relief
valves market. The increase in the concerns regarding the health and safety across all the
end-use industries is compelling them to replace their conventional systems with the new
ones is triggering the pressure relief valves market.
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Global Pressure Relief Valves Market: Regional Analysis
Based on the regions, the market for pressure relief valves is diversified into North America,
Western Europe, Eastern Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The factors that attribute the market dominance in the North American region is the
significant growth in the number of chemical industries and the expansion in the production
of oil and gas. The oil and gas companies in this region are exploring more resources of
unconventional energy which include shale gas extraction, thus the demand for pressure
relief valves will remain high in the coming years. Western Europe is the global leader in the
production of chemical productions, thus anticipating to provide vast opportunities for the
manufacturers of pressure relief valves. The Asia Pacific region is focusing on improving
their domestic chemical production so that they rely less on western imports; hence,