MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Pressure Safety Valves
Overview
Market size
$4.2B
global, USD
CAGR
4.8%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
1 high severity
Market outlook
2031$5.3B
What changed
Demand by region
North America demand32%
Asia Pacific demand30%
Europe demand28%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Raw Materials Steel and Alloys40%
Precision Machining and Labor25%
Testing and Regulatory Certification15%
Manufacturing Overhead and Energy12%
Logistics and Distribution8%
share of delivered cost (analyst estimate)