Pages : 103 Publish Date: Jun 2018
Australian Pressure Safety Valve Market
“ The availability of abundant natural resources, such as petroleum and shale gas, in Australia is expected to provide profitable opportunities for the Australia pressure safety valve market. Moreover, the government‐™s initiative to encourage offshore exploration of minerals deposits could further boost the business opportunities for market players in Australia. The presence of a wide oil & gas distribution network continues to provide a steady stream of revenue to market players; thereby, resulting in the moderate growth of the Australia pressure safety valve market. ”
Yash Doshi Senior Research Analyst, Construction & Manufacturing at AMR
Australian Pressure Safety Valve Market Overview • The Australian Pressure Safety Valve Market size was valued at $52.12 million in 2017 and is expected to reach $65.38 million by 2025, registering a CAGR of 2.88% from 2018 to 2025. Oil & gas dominated the Australian pressure safety valve market, accounting for around one-third share of the total revenue. • The increase in energy demands from emerging Asian economies continues to drive the production capacities in Australian end-user industries, owing to lucrative export opportunities to Asian countries. In addition, activities, such as services, periodic maintenance, and repairs, of pressure-based systems, machineries, and tools continue to drive the safety valve market at a steady growth rate.
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Australian Pressure Safety Valve Market Key Benefits
• In terms of value, the water supply system segment generated the maximum revenue in 2017 and is expected to grow at a CAGR of 3.51% during the forecast period. • The pilot operated safety valve segment is anticipated to grow at a CAGR of 3.14% from 2018 to 2025. • The oil & gas industry is expected to dominate the Australian pressure safety valve market during the forecast period, registering a CAGR of 2.52% in terms of value.
Australian Pressure Safety Valve Market
Australian Pressure Safety Valve Market By Offerings
Australian Pressure Safety Valve Market By End-User Industry
Key Players in Industry
• • • • • • • • • •
Bourke Valves Callidus Group Cebeco Pty. Ltd. Emerson Electric Co. LESER GmbH & Co. KG Mercer Valve Company, Inc. Powerflo Solutions Score Group PLC Spirax Sarco Pty. Limited Western Process Controls
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Australian Pressure Safety Valve Market Segments By Offering • Safety Valve • Safety Valve Component
By End-user Industry
By Safety Valve Type
• Oil & Gas • Power & Energy • Healthcare & Pharmaceutical • Water Supply System • Others
• Spring Operated Valve • Pilot Operated Valve • Dead Weight Valve
Australian Pressure Safety Valve Market By Geography North America, Europe, Asia-Pacific, LAMEA
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