Steam Safety Valve Market: Definition and Introduction
Steam Safety Valve is a safety device used to prevent accidents from over-pressure conditions in steam systems. Steam Safety Valve is widely used in boilers to provide for a safety mechanism for removing excess steam, to prevent explosions or other mishaps when the pressure within the boiler exceeds a preset level, decided by its maximum handling capacity (which is also known as the boiler’s certification pressure). The specifications of a steam safety valve depends on the output capacity of the boiler as well as the operating pressure of the steam generated. In high pressure steam systems, the steam generated is compressed and requires less volumetric space, thus requiring lower sized steam safety valve. On the other hand, in low pressure steam systems, the steam that generates is expanded and requires larger volumetric space, thus requiring increased size of steam safety valve.
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A steam safety valve should not only be leak proof, but should also come back to its seat position once overpressure condition subsides and normal operating condition is restored. A spring loaded design is commonly used in a steam safety valve to achieve this purpose. Moreover, steam safety valve is required to operate under critical temperature and pressure conditions, and are prone to physical wear such as corrosion. Given the criticality of the application and the hazardous environment in which they are used, a wide range of standards and regulations govern the design, specification and application of steam safety valve devices. The ASME Section I and Section VIII standards in North America, the EN ISO 4126 standards in Europe are widely used by manufacturers and end users of steam safety valve for certification, apart from the other regional standards.
Considering these aspects of the Steam Safety Valve, the study of the trends and forecasts of the Steam Safety Valve market becomes an important read.
Steam Safety Valve Market:Segmentation
On the basis of end use industry, the Steam Safety Valve market can be segmented as,
- Power Generation
- Oil & Petrochemical
- Chemicals
- Manufacturing
- Others
On the basis of pressure range, the Steam Safety Valve market can be segmented as,
- Low Pressure Steam
- High Pressure Steam
On the basis of temperature range, the Steam Safety Valve market can be segmented as,
- Subcritical
- Supercritical
- Ultra-supercritical
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Steam Safety Valve Market:Dynamics
There is growing demand for Steam Safety Valve as it is a mandatory component for the protection and safety of steam producing systems. The costs in terms of life and property in case of a boiler failure are tragically high. A reported boiler explosion killed 23 people and caused Algeria’s largest refinery to shut down in 2004, also resulting in billions of dollars in losses. The strength and reliable performance of steam safety valve helps the safe operations of steam producing boilers. Efficient operation of the equipment leads to lower maintenance costs, reduced shutdown time and increased profitability. The advancement in materials technology has also made available high quality steam safety valve products, with application in supercritical and ultra-supercritical temperature boilers, thus helping growth of Steam Safety Valve market. Boilers for steam production are widely used for power generation and other process steam applications across various industries. Thus continuing investments in coal based power plants will be key driver of demand for steam safety valve market.
Steam Safety Valve Market:Regional Outlook
The demand for Steam Safety Valve is set to grow at a steady pace in the next five to ten years as the demand for steam generation for power and other applications increases. Asia Pacific region is expected to be significant for Steam Safety Valve market, as it is witnessing rapidly increasing thermal power capacity additions, especially in the fast growing and electricity hungry economies such as India, China and other Southeast Asian countries. Other end use sectors such as petrochemicals and manufacturing is also witnessing strong growth in the region, which will positively impact demand for Steam Safety Valve. Europe and North America are also important markets for Steam Safety Valve with stringent industrial safety regulations and standards. Regions with increasing energy and industrial infrastructure investments such as Middle East & Africa will also be important for new opportunities or manufacturers. China, India, U.S., Germany, Saudi Arabia, and South Africa are some of the key countries to watch in the Steam Safety Valve market.
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Steam Safety Valve Market:Market Participants
Examples of some of the market participants identified in the Steam Safety Valve market include,
- Spirax-Sarco Limited
- Curtiss-Wright Corporation
- Emerson Electric Company
- IMI Bopp + Reuther
- LESER GmbH & Co
- Watts Water Technologies, Inc
- Forbes Marshall
- Weir Group
- Apollo Valves (Conbraco Industries)