Pressure Reducing Valve Market Synopsis

Pressure Reducing Valve Market Size is Valued at USD 3.12 Billion in 2023, and is Projected to Reach USD 4.30 Billion by 2032, Growing at a CAGR of 4.10% From 2024-2032.

The Pressure Reducing Valve (PRV) Market has been rapidly growing in the recent past, Swolen this due to the enhanced need for fluid management equipment in a variety of sectors, such as in the oil and gas industry, water treatment, power generation industries and manufacturing industries. PRVs are essential devices employed to control the pressure of fluids to a level suitable for other connected systems downstream. Because many processes in industries are getting complicated and the exact pressure of the fluids needed is very important, therefore pressure reducing valves are now in high demand. Also, there is increased concern towards energy management and saving has canned enhance the usage of the PRVs as they reduce energy wastage and give optimal performance.

  • Due to increasing investments in the infrastructural sector and industrial development particularly in the developing countries the global PRV market is expected to boom rapidly. There has been substantial population growth and expansion of companies in Asia-Pacific and Latin America that has forced development of efficient water and energy delivery networks. This trend is accompanied by rigid legislations and codes that serve to improve safety and performance in operations. This is one of the ways the manufacturers are coming up with new products that meet these regulations while at the same time enhancing the competency, sturdiness and resilience of the products.
  • Furthermore, the Pressure Reducing Valve Market is also exhibiting growth in technology where transformed Pressure Reducing Valves or smart valves are includes IoT features. These smart PRVs provide values such as monitoring and controlling so as the operators of the systems to perform well at minimal maintenance costs. Since industries are incorporating digitalization and automation mechanisms in the continuous operations, the adoption of smart technologies in pressure reducing valves is expected to rise. In sum, the analysis of the PRV market reveals significant potential for development, which is to be attributed to individual Industrial growth, new Technologies, and increasing demand for the effective fluid management.

Pressure Reducing Valve Market Trend Analysis

Adoption of Smart Pressure Reducing Valves

  • There is a clear shift towards smart pressure reducing valves (PRVs as the demand for automation and IoT (Internet of Things) wherein the core of a plant is pushed higher. It requires that PRVs should be smart and be fitted with one or several sensors as well as communication interfaces that relay relevant information about PRVs’ state and may alter the system functionality depending on pre-programmed or real-time scenarios requiring adjustments. It is not only an improvement in functional functionality but also helpful in predictive maintenance which will cut on operational time and costs of maintenance. With increasing drive towards higher efficiency and lower operational risks, smart PRVs are expected to gain a huge market, making them a part of today’s complex fluid management systems.
  • Furthermore, the use of smart technologies in the Pressure Reducing Valves is in harmony with the increasing digitization processes within different industries. The industries like water treatment, the oil and gas sector and manufacturing industries have taken advantage of data analytics and automation to enhance their operations and safety. With smart PRVs installed these industries will be able to monitor pressure variations, flow rates and system performance hence being in a better position to make right decisions. As corporations insistently focus on the exponential increase in productivity and the use of advanced algorithms, application of the smart pressure reducing valves becomes essential for subsequent progress of fluid control technologies.

Increasing Focus on Energy Efficiency

  • The other major trend evident in the Pressure Reducing Valve Market is the focus on energy management to realize efficiency and sustainability. This paper therefore seeks to establish the extent to which environmental consciousness affects energy use and carbon emissions by the various industries in the world. Pressure reducing valves contribute to the attainment of these objectives by controlling the amount of pressure in fluids to reduce energy losses in systems. This is a strategic shift amongst manufacturers to design PRVs that are energy efficient and which operate at optimum levels and within acceptable safety levels. This shift towards energy-efficient solutions is pushing change within the market thus developing enhanced valve designs that can satisfy the present needs of the environmentally conscious customers as well as the emerging trends in the various markets.
  • Furthermore, pressure reducing valves are being incorporated into numerous energy management systems used in various industries to improve performance in the system. By fine tuning the pressure of the fluids in the system, less energy is expended and energy costs less, equipment also has a longer span. Due to the rising incorporation of sustainable activities by companies for environmental concerns, energy-saving pressure reducing valves market will continue to grow to create a sustainable industrial economy. This trend will not only start the process of making global economies far healthier but will also serve to advance general environmental objective, and thus, set the stage for the more successful and responsible use of natural resources in terms of fluid management.

Pressure Reducing Valve Market Segment Analysis:

Pressure Reducing Valve Market Segmented on the basis of By Product Type, By Body Material, By Application, By Pressure, By Temperature and End User Industry

By Product Type, Direct Acting segment is expected to dominate the market during the forecast period

  • The Pressure Reducing Valve (PRV) Market can be segmented by product type into two main categories: The two basic types of indirect acting control valves are: the direct acting and pilot operated valves. Direct acting pressure reducing valves are very simple and compact in design intended for basic pressure control through the use of a diaphragm which is directly affected by the downstream pressure. These valves allow some variation of pressure and as such can be incorporated in various residential water supply systems and HVAC systems and many other industrial processes. Increasing requirements of miniaturized and inexpensive products in various applications including plumbing and irrigation systems are fueling the sales of direct acting valves, which are still expanding the market.
  • Whereas the pilot operated pressure reducing valves are capable of controlling higher flow rates and offers more stable pressure control. Some of these valves use a pilot valve which controls the flow of the fluid to the diaphragm to produce more precision in pressure regulation. Different industries including oil and gas, power generation, and chemical processing have a need for better pressure control and the need for pilot operated PRVs is therefore emanating from such sectors. Many applications require valves that can accommodate fluctuating pressure conditions and large flow rates – and these valves are uniquely suited to such demands. All in all, both product types are valuable in serving various operation requirements and contribute to diversifying and enlarging the PRV market.

By End-Use Industry, Chemical Industry segment held the largest share in 2024

  • The Pressure Reducing Valve (PRV) Market is a key enabler of numerous industries, all of which have varying needs and purposes. In the chemical industry, PRVs remain of significant importance in controlling pressures of differing fluids and gases, primarily in manufacturing procedures, with protective objectives of personnel alongside equipment in mind. In the same manner, in power generation, the valves are extremely critical for the control of steam and water pressure in thermal and electric power plants for efficiency in power generation and improved reliability of the system. It is used as pressure control devices in manufacturing industries including the pharmaceuticals besides the food and beverage industries during processing since this is very important in meeting set standards especially regarding pressure.
  • Also it is used in upstream operation for exploration of crude oil and natural gas and downstream processing of these fluids also the oil and gas industry is among the largest consumer of this type of valves. Another usage of PRVs within the industry is in the plumbing systems using the PRVs in regulation of water pressure needed by the guest. In control of flow within the pulp and paper manufacturing processes, the PRVs ensure the management of steam and water pressure for improved performance. Thus, having identified general industry trends, it becomes clear that as these industries grow and develop the need for better and more reliable pressure reducing valves in sectors identified will also expand due to the need for the safer, more efficient and compliant solution. In summary, the uses of PRV in various end user industries prove the importance of PRVs for constant pressure regulation in fluids systems.

Pressure Reducing Valve Market Regional Insights:

North America is expected to dominate the market

  • Currently, North America is expected to hold the largest growth of the Pressure Reducing Valve (PRV) market because of well-developed industrial network and large capital expenditures in various fields like oil & gas, water treatment, manufacturing, etc. The area is populated by a significant number of important stakeholders as well as sophisticated production sites behind the creation and delivery of premium pressure reducing valves. Further, the regulatory and increased safety standards in North America and the desire of organizations to have efficient managing system force the PMR of appealing and dependable PRVs. Such emphasis of safety and performance has contributed to the enhanced demand for the latest valve technologies that have strengthened its position in North America.
  • In addition, North American energy and sustainability needs have been majorly driving the demand for pressure reducing valves throughout several applications. Because industries are seeking methods of managing and minimizing energy and operational costs managing fluid and pressure using PRVs is very beneficial. The adoption of other smart technologies and incorporation of IoT is also slowly picking up in the region especially in valve systems for real-time monitoring and control. Such factors causing growth, North America is expected to dominate the Pressure Reducing Valve Market and mark its future possibilities for introducing new innovations and development in the valve.

Active Key Players in the Pressure Reducing Valve Market

  • Spirax Sarco Limited (U.K.)
  • Forbes Marshall (India)
  • Nutech Controls (India)
  • Armstrong International Inc. (U.S.)
  • CONTRO VALVE EQUIPMENT INC. (Canada)
  • Richards Industrials (U.S.)
  • Honeywell International Inc. (U.S.)
  • Watts Water Technologies EMEA (U.S.)
  • Eaton (Ireland)
  • KSB SE & Co. KGaA (Germany)
  • PARKER HANNIFIN CORP (U.S.)
  • RWC (Australia)
  • Mueller Water Products, Inc. (U.S.)
  • TALIS Beteiligungs GmbH (Germany)
  • Aalberts N.V. (Netherlands)
  • CIRCOR International, Inc. (U.S.)
  • ITAP (Italy)
  • Caleffi S.p.a. (Italy)
  • HAWE Hydraulik SE (Germany)
  • others

Global Pressure Reducing Valve Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 3.12 Bn.

Forecast Period 2024-32 CAGR:

4.10%

Market Size in 2032:

USD 4.30 Bn.

Segments Covered:

By Product Type

  • Direct Acting
  • Pilot Operating

By Body Material

  • Cast Iron
  • Cast steel
  • Ductile Iron
  • Stainless steel
  • Bronze
  • Carbon steel

By Application

  • Steam,
  • Gas,
  • Liquid

By Pressure

  • 50-200 psig,
  • 201-500 psig,
  • 501-800 psig,
  • Above 800 psig

By Temperature

  • 10 – 100 F
  • 101-250 F
  • 251-400 F
  • 401-550 F
  • 551-700 F
  • Above 700 F

By End User Industry

  • Chemical Industry
  • Power Generation Industry
  • Hospitality Industry
  • Pharmaceuticals Industry
  • Food and Beverage Industry
  • Pulp and Paper industry
  • Oil and Gas Industry
  •  Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The rising need for energy efficiency and sustainability in industrial processes is driving the adoption of pressure reducing valves.

Key Market Restraints:

  • High initial installation costs and maintenance challenges can restrain the growth of the pressure reducing valve market.

Key Opportunities:

  • The integration of smart technologies and IoT solutions in pressure reducing valves presents significant opportunities for innovation and enhanced operational efficiency.

Companies Covered in the report:

  • Spirax Sarco Limited (U.K.), Forbes Marshall (India), Nutech Controls (India), Armstrong International Inc. (U.S.), CONTRO VALVE EQUIPMENT INC. (Canada), Richards Industrials (U.S.), Honeywell International Inc. (U.S.), Watts Water Technologies EMEA (U.S.), Eaton (Ireland), KSB SE & Co. KGaA (Germany), PARKER HANNIFIN CORP (U.S.), RWC (Australia), Mueller Water Products, Inc. (U.S.), TALIS Beteiligungs GmbH (Germany), Aalberts N.V. (Netherlands), CIRCOR International, Inc. (U.S.), ITAP (Italy), Caleffi S.p.a. (Italy), HAWE Hydraulik SE (Germany), others.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Pressure Reducing Valve Market by Product Type
 4.1 Pressure Reducing Valve Market Snapshot and Growth Engine
 4.2 Pressure Reducing Valve Market Overview
 4.3 Direct Acting
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Direct Acting: Geographic Segmentation Analysis
 4.4 Pilot Operating
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Pilot Operating: Geographic Segmentation Analysis

Chapter 5: Pressure Reducing Valve Market by Body Material
 5.1 Pressure Reducing Valve Market Snapshot and Growth Engine
 5.2 Pressure Reducing Valve Market Overview
 5.3 Cast Iron
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Cast Iron: Geographic Segmentation Analysis
 5.4 Cast Steel
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Cast Steel: Geographic Segmentation Analysis
 5.5 Ductile Iron
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Ductile Iron: Geographic Segmentation Analysis
 5.6 Stainless Steel
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Stainless Steel: Geographic Segmentation Analysis
 5.7 Bronze
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Bronze: Geographic Segmentation Analysis
 5.8 Carbon Steel
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Carbon Steel: Geographic Segmentation Analysis
 5.9 Application: Steam
  5.9.1 Introduction and Market Overview
  5.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.9.3 Key Market Trends, Growth Factors and Opportunities
  5.9.4 Application: Steam: Geographic Segmentation Analysis
 5.10 Gas
  5.10.1 Introduction and Market Overview
  5.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.10.3 Key Market Trends, Growth Factors and Opportunities
  5.10.4 Gas: Geographic Segmentation Analysis
 5.11 Liquid
  5.11.1 Introduction and Market Overview
  5.11.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.11.3 Key Market Trends, Growth Factors and Opportunities
  5.11.4 Liquid: Geographic Segmentation Analysis

Chapter 6: Pressure Reducing Valve Market by Pressure
 6.1 Pressure Reducing Valve Market Snapshot and Growth Engine
 6.2 Pressure Reducing Valve Market Overview
 6.3 50-200 psig
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 50-200 psig: Geographic Segmentation Analysis
 6.4 201-500 psig
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 201-500 psig: Geographic Segmentation Analysis
 6.5 501-800 psig
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 501-800 psig: Geographic Segmentation Analysis
 6.6 Above 800 psig
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Above 800 psig: Geographic Segmentation Analysis

Chapter 7: Pressure Reducing Valve Market by Temperature
 7.1 Pressure Reducing Valve Market Snapshot and Growth Engine
 7.2 Pressure Reducing Valve Market Overview
 7.3 10 – 100 F
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 10 – 100 F: Geographic Segmentation Analysis
 7.4 101-250 F
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 101-250 F: Geographic Segmentation Analysis
 7.5 251-400 F
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 251-400 F: Geographic Segmentation Analysis
 7.6 401-550 F
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 401-550 F: Geographic Segmentation Analysis
 7.7 551-700 F
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 551-700 F: Geographic Segmentation Analysis
 7.8 Above 700 F
  7.8.1 Introduction and Market Overview
  7.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.8.3 Key Market Trends, Growth Factors and Opportunities
  7.8.4 Above 700 F: Geographic Segmentation Analysis

Chapter 8: Pressure Reducing Valve Market by End User Industry
 8.1 Pressure Reducing Valve Market Snapshot and Growth Engine
 8.2 Pressure Reducing Valve Market Overview
 8.3 Chemical Industry
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Chemical Industry: Geographic Segmentation Analysis
 8.4 Power Generation Industry
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Power Generation Industry: Geographic Segmentation Analysis
 8.5 Hospitality Industry
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Hospitality Industry: Geographic Segmentation Analysis
 8.6 Pharmaceuticals Industry
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Pharmaceuticals Industry: Geographic Segmentation Analysis
 8.7 Food and Beverage Industry
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Food and Beverage Industry: Geographic Segmentation Analysis
 8.8 Pulp and Paper Industry
  8.8.1 Introduction and Market Overview
  8.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.8.3 Key Market Trends, Growth Factors and Opportunities
  8.8.4 Pulp and Paper Industry: Geographic Segmentation Analysis
 8.9 Oil and Gas Industry
  8.9.1 Introduction and Market Overview
  8.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.9.3 Key Market Trends, Growth Factors and Opportunities
  8.9.4 Oil and Gas Industry: Geographic Segmentation Analysis

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Benchmarking
  9.1.2 Pressure Reducing Valve Market Share by Manufacturer (2023)
  9.1.3 Industry BCG Matrix
  9.1.4 Heat Map Analysis
  9.1.5 Mergers and Acquisitions
  
 9.2 SPIRAX SARCO LIMITED (UK)
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Role of the Company in the Market
  9.2.5 Sustainability and Social Responsibility
  9.2.6 Operating Business Segments
  9.2.7 Product Portfolio
  9.2.8 Business Performance
  9.2.9 Key Strategic Moves and Recent Developments
  9.2.10 SWOT Analysis
 9.3 FORBES MARSHALL (INDIA)
 9.4 NUTECH CONTROLS (INDIA)
 9.5 ARMSTRONG INTERNATIONAL INC (US)
 9.6 CONTRO VALVE EQUIPMENT INC (CANADA)
 9.7 RICHARDS INDUSTRIALS (US)
 9.8 HONEYWELL INTERNATIONAL INC (US)
 9.9 WATTS WATER TECHNOLOGIES EMEA (US)
 9.10 EATON (IRELAND)
 9.11 KSB SE & CO KGAA (GERMANY)
 9.12 PARKER HANNIFIN CORP (US)
 9.13 RWC (AUSTRALIA)
 9.14 MUELLER WATER PRODUCTS INC (US)
 9.15 TALIS BETEILIGUNGS GMBH (GERMANY)
 9.16 AALBERTS NV (NETHERLANDS)
 9.17 CIRCOR INTERNATIONAL INC (US)
 9.18 ITAP (ITALY)
 9.19 CALEFFI SPA (ITALY)
 9.20 HAWE HYDRAULIK SE (GERMANY)
 9.21 OTHER ACTIVE PLAYERS

Chapter 10: Global Pressure Reducing Valve Market By Region
 10.1 Overview
10.2. North America Pressure Reducing Valve Market
  10.2.1 Key Market Trends, Growth Factors and Opportunities
  10.2.2 Top Key Companies
  10.2.3 Historic and Forecasted Market Size by Segments
  10.2.4 Historic and Forecasted Market Size By Product Type
  10.2.4.1 Direct Acting
  10.2.4.2 Pilot Operating
  10.2.5 Historic and Forecasted Market Size By Body Material
  10.2.5.1 Cast Iron
  10.2.5.2 Cast Steel
  10.2.5.3 Ductile Iron
  10.2.5.4 Stainless Steel
  10.2.5.5 Bronze
  10.2.5.6 Carbon Steel
  10.2.5.7 Application: Steam
  10.2.5.8 Gas
  10.2.5.9 Liquid
  10.2.6 Historic and Forecasted Market Size By Pressure
  10.2.6.1 50-200 psig
  10.2.6.2 201-500 psig
  10.2.6.3 501-800 psig
  10.2.6.4 Above 800 psig
  10.2.7 Historic and Forecasted Market Size By Temperature
  10.2.7.1 10 – 100 F
  10.2.7.2 101-250 F
  10.2.7.3 251-400 F
  10.2.7.4 401-550 F
  10.2.7.5 551-700 F
  10.2.7.6 Above 700 F
  10.2.8 Historic and Forecasted Market Size By End User Industry
  10.2.8.1 Chemical Industry
  10.2.8.2 Power Generation Industry
  10.2.8.3 Hospitality Industry
  10.2.8.4 Pharmaceuticals Industry
  10.2.8.5 Food and Beverage Industry
  10.2.8.6 Pulp and Paper Industry
  10.2.8.7 Oil and Gas Industry
  10.2.9 Historic and Forecast Market Size by Country
  10.2.9.1 US
  10.2.9.2 Canada
  10.2.9.3 Mexico
10.3. Eastern Europe Pressure Reducing Valve Market
  10.3.1 Key Market Trends, Growth Factors and Opportunities
  10.3.2 Top Key Companies
  10.3.3 Historic and Forecasted Market Size by Segments
  10.3.4 Historic and Forecasted Market Size By Product Type
  10.3.4.1 Direct Acting
  10.3.4.2 Pilot Operating
  10.3.5 Historic and Forecasted Market Size By Body Material
  10.3.5.1 Cast Iron
  10.3.5.2 Cast Steel
  10.3.5.3 Ductile Iron
  10.3.5.4 Stainless Steel
  10.3.5.5 Bronze
  10.3.5.6 Carbon Steel
  10.3.5.7 Application: Steam
  10.3.5.8 Gas
  10.3.5.9 Liquid
  10.3.6 Historic and Forecasted Market Size By Pressure
  10.3.6.1 50-200 psig
  10.3.6.2 201-500 psig
  10.3.6.3 501-800 psig
  10.3.6.4 Above 800 psig
  10.3.7 Historic and Forecasted Market Size By Temperature
  10.3.7.1 10 – 100 F
  10.3.7.2 101-250 F
  10.3.7.3 251-400 F
  10.3.7.4 401-550 F
  10.3.7.5 551-700 F
  10.3.7.6 Above 700 F
  10.3.8 Historic and Forecasted Market Size By End User Industry
  10.3.8.1 Chemical Industry
  10.3.8.2 Power Generation Industry
  10.3.8.3 Hospitality Industry
  10.3.8.4 Pharmaceuticals Industry
  10.3.8.5 Food and Beverage Industry
  10.3.8.6 Pulp and Paper Industry
  10.3.8.7 Oil and Gas Industry
  10.3.9 Historic and Forecast Market Size by Country
  10.3.9.1 Bulgaria
  10.3.9.2 The Czech Republic
  10.3.9.3 Hungary
  10.3.9.4 Poland
  10.3.9.5 Romania
  10.3.9.6 Rest of Eastern Europe
10.4. Western Europe Pressure Reducing Valve Market
  10.4.1 Key Market Trends, Growth Factors and Opportunities
  10.4.2 Top Key Companies
  10.4.3 Historic and Forecasted Market Size by Segments
  10.4.4 Historic and Forecasted Market Size By Product Type
  10.4.4.1 Direct Acting
  10.4.4.2 Pilot Operating
  10.4.5 Historic and Forecasted Market Size By Body Material
  10.4.5.1 Cast Iron
  10.4.5.2 Cast Steel
  10.4.5.3 Ductile Iron
  10.4.5.4 Stainless Steel
  10.4.5.5 Bronze
  10.4.5.6 Carbon Steel
  10.4.5.7 Application: Steam
  10.4.5.8 Gas
  10.4.5.9 Liquid
  10.4.6 Historic and Forecasted Market Size By Pressure
  10.4.6.1 50-200 psig
  10.4.6.2 201-500 psig
  10.4.6.3 501-800 psig
  10.4.6.4 Above 800 psig
  10.4.7 Historic and Forecasted Market Size By Temperature
  10.4.7.1 10 – 100 F
  10.4.7.2 101-250 F
  10.4.7.3 251-400 F
  10.4.7.4 401-550 F
  10.4.7.5 551-700 F
  10.4.7.6 Above 700 F
  10.4.8 Historic and Forecasted Market Size By End User Industry
  10.4.8.1 Chemical Industry
  10.4.8.2 Power Generation Industry
  10.4.8.3 Hospitality Industry
  10.4.8.4 Pharmaceuticals Industry
  10.4.8.5 Food and Beverage Industry
  10.4.8.6 Pulp and Paper Industry
  10.4.8.7 Oil and Gas Industry
  10.4.9 Historic and Forecast Market Size by Country
  10.4.9.1 Germany
  10.4.9.2 UK
  10.4.9.3 France
  10.4.9.4 Netherlands
  10.4.9.5 Italy
  10.4.9.6 Russia
  10.4.9.7 Spain
  10.4.9.8 Rest of Western Europe
10.5. Asia Pacific Pressure Reducing Valve Market
  10.5.1 Key Market Trends, Growth Factors and Opportunities
  10.5.2 Top Key Companies
  10.5.3 Historic and Forecasted Market Size by Segments
  10.5.4 Historic and Forecasted Market Size By Product Type
  10.5.4.1 Direct Acting
  10.5.4.2 Pilot Operating
  10.5.5 Historic and Forecasted Market Size By Body Material
  10.5.5.1 Cast Iron
  10.5.5.2 Cast Steel
  10.5.5.3 Ductile Iron
  10.5.5.4 Stainless Steel
  10.5.5.5 Bronze
  10.5.5.6 Carbon Steel
  10.5.5.7 Application: Steam
  10.5.5.8 Gas
  10.5.5.9 Liquid
  10.5.6 Historic and Forecasted Market Size By Pressure
  10.5.6.1 50-200 psig
  10.5.6.2 201-500 psig
  10.5.6.3 501-800 psig
  10.5.6.4 Above 800 psig
  10.5.7 Historic and Forecasted Market Size By Temperature
  10.5.7.1 10 – 100 F
  10.5.7.2 101-250 F
  10.5.7.3 251-400 F
  10.5.7.4 401-550 F
  10.5.7.5 551-700 F
  10.5.7.6 Above 700 F
  10.5.8 Historic and Forecasted Market Size By End User Industry
  10.5.8.1 Chemical Industry
  10.5.8.2 Power Generation Industry
  10.5.8.3 Hospitality Industry
  10.5.8.4 Pharmaceuticals Industry
  10.5.8.5 Food and Beverage Industry
  10.5.8.6 Pulp and Paper Industry
  10.5.8.7 Oil and Gas Industry
  10.5.9 Historic and Forecast Market Size by Country
  10.5.9.1 China
  10.5.9.2 India
  10.5.9.3 Japan
  10.5.9.4 South Korea
  10.5.9.5 Malaysia
  10.5.9.6 Thailand
  10.5.9.7 Vietnam
  10.5.9.8 The Philippines
  10.5.9.9 Australia
  10.5.9.10 New Zealand
  10.5.9.11 Rest of APAC
10.6. Middle East & Africa Pressure Reducing Valve Market
  10.6.1 Key Market Trends, Growth Factors and Opportunities
  10.6.2 Top Key Companies
  10.6.3 Historic and Forecasted Market Size by Segments
  10.6.4 Historic and Forecasted Market Size By Product Type
  10.6.4.1 Direct Acting
  10.6.4.2 Pilot Operating
  10.6.5 Historic and Forecasted Market Size By Body Material
  10.6.5.1 Cast Iron
  10.6.5.2 Cast Steel
  10.6.5.3 Ductile Iron
  10.6.5.4 Stainless Steel
  10.6.5.5 Bronze
  10.6.5.6 Carbon Steel
  10.6.5.7 Application: Steam
  10.6.5.8 Gas
  10.6.5.9 Liquid
  10.6.6 Historic and Forecasted Market Size By Pressure
  10.6.6.1 50-200 psig
  10.6.6.2 201-500 psig
  10.6.6.3 501-800 psig
  10.6.6.4 Above 800 psig
  10.6.7 Historic and Forecasted Market Size By Temperature
  10.6.7.1 10 – 100 F
  10.6.7.2 101-250 F
  10.6.7.3 251-400 F
  10.6.7.4 401-550 F
  10.6.7.5 551-700 F
  10.6.7.6 Above 700 F
  10.6.8 Historic and Forecasted Market Size By End User Industry
  10.6.8.1 Chemical Industry
  10.6.8.2 Power Generation Industry
  10.6.8.3 Hospitality Industry
  10.6.8.4 Pharmaceuticals Industry
  10.6.8.5 Food and Beverage Industry
  10.6.8.6 Pulp and Paper Industry
  10.6.8.7 Oil and Gas Industry
  10.6.9 Historic and Forecast Market Size by Country
  10.6.9.1 Turkey
  10.6.9.2 Bahrain
  10.6.9.3 Kuwait
  10.6.9.4 Saudi Arabia
  10.6.9.5 Qatar
  10.6.9.6 UAE
  10.6.9.7 Israel
  10.6.9.8 South Africa
10.7. South America Pressure Reducing Valve Market
  10.7.1 Key Market Trends, Growth Factors and Opportunities
  10.7.2 Top Key Companies
  10.7.3 Historic and Forecasted Market Size by Segments
  10.7.4 Historic and Forecasted Market Size By Product Type
  10.7.4.1 Direct Acting
  10.7.4.2 Pilot Operating
  10.7.5 Historic and Forecasted Market Size By Body Material
  10.7.5.1 Cast Iron
  10.7.5.2 Cast Steel
  10.7.5.3 Ductile Iron
  10.7.5.4 Stainless Steel
  10.7.5.5 Bronze
  10.7.5.6 Carbon Steel
  10.7.5.7 Application: Steam
  10.7.5.8 Gas
  10.7.5.9 Liquid
  10.7.6 Historic and Forecasted Market Size By Pressure
  10.7.6.1 50-200 psig
  10.7.6.2 201-500 psig
  10.7.6.3 501-800 psig
  10.7.6.4 Above 800 psig
  10.7.7 Historic and Forecasted Market Size By Temperature
  10.7.7.1 10 – 100 F
  10.7.7.2 101-250 F
  10.7.7.3 251-400 F
  10.7.7.4 401-550 F
  10.7.7.5 551-700 F
  10.7.7.6 Above 700 F
  10.7.8 Historic and Forecasted Market Size By End User Industry
  10.7.8.1 Chemical Industry
  10.7.8.2 Power Generation Industry
  10.7.8.3 Hospitality Industry
  10.7.8.4 Pharmaceuticals Industry
  10.7.8.5 Food and Beverage Industry
  10.7.8.6 Pulp and Paper Industry
  10.7.8.7 Oil and Gas Industry
  10.7.9 Historic and Forecast Market Size by Country
  10.7.9.1 Brazil
  10.7.9.2 Argentina
  10.7.9.3 Rest of SA

Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies

Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research
 

Global Pressure Reducing Valve Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 3.12 Bn.

Forecast Period 2024-32 CAGR:

4.10%

Market Size in 2032:

USD 4.30 Bn.

Segments Covered:

By Product Type

  • Direct Acting
  • Pilot Operating

By Body Material

  • Cast Iron
  • Cast steel
  • Ductile Iron
  • Stainless steel
  • Bronze
  • Carbon steel

By Application

  • Steam,
  • Gas,
  • Liquid

By Pressure

  • 50-200 psig,
  • 201-500 psig,
  • 501-800 psig,
  • Above 800 psig

By Temperature

  • 10 – 100 F
  • 101-250 F
  • 251-400 F
  • 401-550 F
  • 551-700 F
  • Above 700 F

By End User Industry

  • Chemical Industry
  • Power Generation Industry
  • Hospitality Industry
  • Pharmaceuticals Industry
  • Food and Beverage Industry
  • Pulp and Paper industry
  • Oil and Gas Industry
  •  Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The rising need for energy efficiency and sustainability in industrial processes is driving the adoption of pressure reducing valves.

Key Market Restraints:

  • High initial installation costs and maintenance challenges can restrain the growth of the pressure reducing valve market.

Key Opportunities:

  • The integration of smart technologies and IoT solutions in pressure reducing valves presents significant opportunities for innovation and enhanced operational efficiency.

Companies Covered in the report:

  • Spirax Sarco Limited (U.K.), Forbes Marshall (India), Nutech Controls (India), Armstrong International Inc. (U.S.), CONTRO VALVE EQUIPMENT INC. (Canada), Richards Industrials (U.S.), Honeywell International Inc. (U.S.), Watts Water Technologies EMEA (U.S.), Eaton (Ireland), KSB SE & Co. KGaA (Germany), PARKER HANNIFIN CORP (U.S.), RWC (Australia), Mueller Water Products, Inc. (U.S.), TALIS Beteiligungs GmbH (Germany), Aalberts N.V. (Netherlands), CIRCOR International, Inc. (U.S.), ITAP (Italy), Caleffi S.p.a. (Italy), HAWE Hydraulik SE (Germany), others.
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Frequently Asked Questions :

What would be the forecast period in the Pressure Reducing Valve Market research report?

The forecast period in the Pressure Reducing Valve Market research report is 2024-2032.

Who are the key players in the Pressure Reducing Valve Market?

Spirax Sarco Limited (U.K.), Forbes Marshall (India), Nutech Controls (India), Armstrong International Inc. (U.S.), CONTRO VALVE EQUIPMENT INC. (Canada), Richards Industrials (U.S.), Honeywell International Inc. (U.S.), Watts Water Technologies EMEA (U.S.), Eaton (Ireland), KSB SE & Co. KGaA (Germany), PARKER HANNIFIN CORP (U.S.), RWC (Australia), Mueller Water Products, Inc. (U.S.), TALIS Beteiligungs GmbH (Germany), Aalberts N.V. (Netherlands), CIRCOR International, Inc. (U.S.), ITAP (Italy), Caleffi S.p.a. (Italy), HAWE Hydraulik SE (Germany), others.

What are the segments of the Pressure Reducing Valve Market?

The Pressure Reducing Valve Market is segmented into  By Product Type (Direct Acting and Pilot Operating), Body Material (Cast Iron, Cast steel, Ductile Iron, Stainless steel, Bronze, and Carbon steel), Application (Steam, Gas, and Liquid), Pressure (50-200 psig, 201-500 psig, 501-800 psig, and Above 800 psig), Temperature (10 – 100 F, 101-250 F, 251-400 F, 401-550 F, 551-700 F, and Above 700 F), End User Industry (Chemical Industry, Power Generation Industry, Hospitality Industry, Pharmaceuticals Industry, Food and Beverage Industry, Pulp and Paper industry, Oil and Gas Industry, and Others).By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Pressure Reducing Valve Market?

A pressure reducing valve (PRV) is a type of valve designed to automatically maintain a predetermined outlet pressure, regardless of changes in upstream pressure or flow conditions. It functions by reducing the high pressure from a supply line to a lower, controlled pressure suitable for downstream applications, ensuring safe and efficient operation of fluid systems. Commonly used in various industries, including water treatment, oil and gas, and manufacturing, PRVs help protect sensitive equipment, maintain system integrity, and improve overall energy efficiency. These valves typically consist of a spring-loaded mechanism that adjusts the valve's opening in response to fluctuations in downstream pressure, allowing for precise pressure control and minimizing the risk of damage to pipes and machinery.

How big is the Pressure Reducing Valve Market?

Pressure Reducing Valve Market Size is Valued at USD 3.12 Billion in 2023, and is Projected to Reach USD 4.30 Billion by 2032, Growing at a CAGR of 4.10% From 2024-2032.