Low Lift Safety Valve Market Size, Share, Growth, And Industry Analysis, By Type (Pendant Hammer Type, Lever Type, Spring-loaded Type, Pilot Type) By Application (Petrochemicals, Chemical, Natural Gas, Metallurgy, Electricity, Others), Regional Insights and Forecast From 2025 To 2033

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LOW LIFT SAFETY VALVE MARKET REPORT OVERVIEW

The global low lift safety valve market is poised for significant growth, starting at USD 0.16 billion in 2024, climbing to USD 0.17 billion in 2025, and projected to reach USD 0.27 billion by 2033, with a CAGR of 6% during the forecast period from 2025 to 2033

Pressure relief valves, commonly referred to as relief valves, are safety valves used to control or regulate system pressure. Without it, the pressure may increase and disrupt a process or spark off a fire or damage equipment or instruments. The pressure is reduced by enabling the pressurised fluid to exit the system via an additional path. In order to prevent pressure vessels and other equipment from going above its design tolerances, the relief valve is programmed or designed to open at a specific set pressure.

Pressure relief valves shield other equipment, such as pressure vessels, from pressures that are too high for them. The valve is used to regulate or control internal pressure that may otherwise result in equipment failure, instrument failure, or fire. By enabling the pressurised fluid to exit the system through an auxiliary route, the pressure is reduced. When the predetermined safety valve pressure and temperature are exceeded, safety valves are preventative valves that immediately function. These safety valves can be used to prevent harm to the important equipment by managing excess pressure without any electrical assistance. These mostly function at a specified pressure to safeguard equipment from dangerous pressure. These valves also safeguard the surrounding environment and the workers near the plants. Safety valves are utilized in many different applications, including the construction, oil & gas, and pharmaceutical sectors, which promotes market expansion.

LOW LIFT SAFETY VALVE MARKET SHARE FACT AND FIGURES

Regional Breakdown

• North America:North America holds 40% of the market share (USD 0.064 billion) in 2024, with a CAGR of 5.8%. The region's dominant position is driven by major industrial players in the oil, gas, and manufacturing sectors, coupled with strict regulatory standards for industrial safety. The growing focus on maintaining operational safety in critical industries contributes to the demand for low lift safety valves.

• Asia-Pacific:Asia-Pacific holds 30% of the market share (USD 0.048 billion) in 2024, with a CAGR of 6.5%. The region, which includes major manufacturing hubs like China, Japan, and India, is witnessing strong industrial growth. With rising infrastructure projects, energy production, and chemical processing activities, the demand for low lift safety valves is growing rapidly, especially in energy-intensive industries.

• Europe:Europe holds 20% of the market share (USD 0.032 billion) in 2024, with a CAGR of 5.6%. The European market is driven by stringent industrial safety standards and regulations, particularly in countries like Germany, France, and the UK. The strong presence of established chemical, petrochemical, and power generation sectors contributes significantly to the market share.
• Rest of the World:The Rest of the World holds 10% of the global market, equating to USD 0.016 billion in 2024, with a CAGR of 6.2%. This region includes emerging markets in Latin America, the Middle East, and Africa, where increased industrialization and infrastructure projects are boosting the demand for industrial safety solutions.

Product Segments Breakdown

• Pendant Hammer Safety Valves:Pendant hammer safety valves dominate the market with approximately 40% of sales, amounting to about USD 0.064 billion in 2024, growing at a CAGR of 6.2%. These valves are commonly used in high-pressure systems and critical applications such as power generation and oil refining, where precise pressure relief is essential.

• Lever Safety Valves:Lever safety valves hold around 25% of the market share (USD 0.04 billion) in 2024, growing at a CAGR of 5.8%. Lever-operated valves are highly favored in industries like chemical processing, pharmaceuticals, and HVAC systems, where they provide efficient pressure control.

• Pilot Safety Valves:Pilot safety valves represent 20% of the market share (USD 0.032 billion) in 2024, with a CAGR of 6.0%. Pilot-operated safety valves offer precise and reliable pressure relief, making them ideal for use in more sophisticated, high-performance systems across industries such as oil & gas, energy, and chemical manufacturing.

• Others:The Others category, which includes specialized and custom-made valves, holds around 15% of the market share (USD 0.024 billion) in 2024, with a CAGR of 5.9%. These valves are tailored to meet specific requirements in specialized industries or unique operational environments.

COVID-19 IMPACT

"COVID-19 Pandemic Hindered the Manufacturing and Supply Chain Hence Impedes Market Growth"

The COVID-19 pandemic has stopped the manufacture of pressure relief valves for end users, mostly as a result of the extended government-imposed lockdowns in several countries that also required organizations to cease operations in order to combat the spread of COVID-19. Additionally, the demand for power generation decreased, and the interruption to the supply chain brought on by the trade and transit restrictions further limited the expansion of the market for pressure relief valves. These elements have had a big impact on how the pressure relief valve has developed over the epidemic. The demand for pressure relief valves has decreased as a result of supply chain interruptions and the closure of industrial and manufacturing plants. Additionally, the market has been impacted by the drop in oil and gas prices. However, the need for pressure relief valves is anticipated to rise as economies begin to recover and factories begin to reopen.

LATEST TRENDS

"Rising Demand for Oil and Gas May Result Market Expansion "

In 2021, the globe produced 95.57 million barrels of oil per day; it is predicted that this number would rise to 99.89 million barrels per day in 2022. The total daily demand for crude oil rose to 91 million barrels in 2020. The demand was at its lowest point since 2012, but it swiftly rose when the COVID-19 pandemic lockdowns started to be lifted in 2021 and early 2022. The equivalent of 4.7 billion barrels of oil's worth of crude oil and natural gas were found in 2021. 17.178 million barrels of oil are used daily in the US. As a result, China, which uses 14.225 million barrels of oil daily, and India, which consumes 4.669 million barrels daily, follow the United States as the top oil-consuming nations.

LOW LIFT SAFETY VALVE MARKET SEGMENTATION

By Type

According to type, the market can be segmented into pendant hammer type, lever type, spring-loaded type, pilot type. Pendant hammer type is anticipated to be the leading segment.

By Application

Based on application, the market can be divided into petrochemicals, chemical, natural gas, metallurgy, electricity, others. Petrochemicals will be the dominating segment.

DRIVING FACTORS

"Expanding Demand in The Food and Beverage Sector Will Lead to Market Expansion"

The popularity of neatly packaged food products has grown as a result of the fast expansion in urbanization. On the other hand, the demand for premium packaged food has expanded as the middle class has grown. As pressure relief valves are used more often in the food and beverage sector, it is anticipated that their use will rise. To maintain a clean environment for food processing, these applications span from sanitary liquid procedures to dry bulk storage. Therefore, the growing food and beverage sector will spur the pressure relief valves market's expansion throughout the anticipated timeframe.

"Rising Water and Electricity Demand and Process Industries Will Lead to Market Expansion"

The primary drivers driving this market are the rising demand for safety valves in the oil and gas industry, the increase in nuclear energy production, and the expanding significance of safety valves in industrial processes. The constant requirement for safety valve replacement and the integration of 3D printers into production processes are driving the market's expansion. Investments in manufacturing facilities are crucial to the safety valve industry.

Rising water and electricity demand, pollution control laws, and the explosive expansion of process industries are just a few of the many variables that are expected to fuel the safety valve market throughout the assessment period. The market is expanding as nuclear power plant building increases. The expansion of the worldwide market is being driven by the rise in unintentional occurrences and the growing need for safety valves in several industrial sectors.

RESTRAINING FACTORS

"Leaky Valve Issue May Hamper the Market Expansion"

Although valve leakage is a common issue, it may be quite problematic in industrial facilities. While some valve leaking is normal, particularly when they reach the nameplate set pressure, other valve leakage is viewed as a concern. It can be dangerous for the building. If the pressure relief valves aren't completely closed, leakage will occur. Typically, industrial workplaces with unclean or dusty conditions are to blame for this. Any trash that gets lodged in the valve might prevent it from shutting all the way and cause leaks. These elements so limit the market's ability to flourish.

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LOW LIFT SAFETY VALVE MARKET REGIONAL INSIGHTS

"Asia Pacific Will Hold the Largest Market Share During Forecast Period"

The pressure relief valves market is examined in terms of each region, including North America, Europe, Asia Pacific, and LAMEA. In terms of revenue, the pressure relief valves market in Asia Pacific had the fastest growth in 2021. This is a result of the region's growing urbanization in developing economies, which has sped up its rate of growth. Pressure relief valve demand will increase as a result of this advancement in a number of industries, including wastewater treatment, energy & power, chemical, oil & gas, etc. A further factor driving up demand for pressure relief valves is the nuclear energy sector's rapid technological improvement. Thus, it is anticipated that the aforementioned reasons will spur market expansion in the Asia Pacific region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Low Lift Safety Valve Companies

• ValvesOnly (New York)
• Sankyo Seisakusho (Japan)
• Luofu Valve Group (China)
• ALLBIZ ENTERPRISE (Cyprus)
• Yongjia Goole Valve (China)
• Henghua Valve (China)
• SVR VALVES (India)
• Shanghai Guxi energy-saving Technology (Japan)
• ZODA Safety Valve(China)
• Yongyi Valve Group (China)
• Vatac Valve (China)
• ALL PROSPERITY ENTERPRISE (Taiwan)
• YNV Co.,Ltd (Korea)
• Shuangtian Valve (China)
• Shanghai Guangao Valve (Japan)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.