Pressure Relief Valves Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Type (Acting Type PRVs, Piston Type PRV, Diaphragm Type PRV), By Distribution Channel (Direct Sales, Indirect Sales), By Region, By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 4.87 Billion
CAGR (2026-2031)	5.33%
Fastest Growing Segment	Piston Type PRV
Largest Market	North America
Market Size (2031)	USD 6.65 Billion

Market Overview

The Global Pressure Relief Valves Market will grow from USD 4.87 Billion in 2025 to USD 6.65 Billion by 2031 at a 5.33% CAGR. Pressure relief valves are critical safety devices engineered to automatically release excess pressure from boilers, vessels, and piping systems, thereby preventing equipment failure and ensuring operational safety. The global market for these components is fundamentally driven by increasingly stringent industrial safety regulations and the sustained expansion of the power generation, chemical processing, and oil and gas sectors. These core drivers are distinct from technological trends, as they represent a permanent, mandatory structural demand for overpressure protection to ensure compliance and asset integrity in hazardous environments.

However, the industry faces a significant challenge regarding the volatility of raw material prices and supply chain inconsistencies, which can impede production stability and inflate costs. Despite these economic headwinds, specific high-priority segments continue to demonstrate strong performance. According to the VDMA Valves Association, in 2024, the safety and monitoring valves segment recorded a nominal turnover increase of 7%, highlighting the enduring investment in essential safety infrastructure across global markets.

Key Market Drivers

Resurgence of nuclear power generation and facility modernization acts as a primary catalyst for the pressure relief valves market, as the industry prioritizes life-extension programs and new reactor construction to ensure energy security. These high-pressure environments require certified, severe-service valves to manage critical safety functions and comply with evolving regulatory standards. According to the World Nuclear Association, September 2025, in the 'World Nuclear Performance Report 2025', global nuclear reactors generated a record 2,667 TWh of electricity in 2024, signaling intense operational utilization that necessitates frequent valve maintenance and replacement. This operational momentum directly correlates with increased procurement of ASME Section III certified relief valves essential for containment integrity and accident prevention in modernized plants.

Simultaneously, increasing investments in global oil, gas, and LNG infrastructure are propelling market growth as producers upgrade aging assets and expand capacity to meet energy demands. This capital injection supports the deployment of advanced pressure management systems required for extraction, transport, and refining processes where overpressure protection is non-negotiable. According to Flowserve Corporation, February 2025, in the 'Fourth Quarter and Full-Year 2024 Results', the company secured bookings totaling $4.7 billion during 2024, reflecting the robust capital expenditure environment for essential flow control equipment. Furthermore, the broader industrial reliance on automated safety monitoring complements this trend. According to Emerson Electric Co., in 2025, the company reported net sales of $18.0 billion, underscoring the sustained scale of investment in final control and safety technologies across hazardous industries.

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Key Market Challenges

The volatility of raw material prices and supply chain inconsistencies presents a formidable obstacle to the market's stability, directly impacting production schedules and profitability. Manufacturers rely heavily on metals such as steel, brass, and specialized alloys, the costs of which fluctuate unpredictably due to geopolitical tensions and trade variances. When input costs spike, manufacturers are often forced to increase product pricing to maintain margins, which frequently leads to delayed procurement decisions by end-users in cost-sensitive sectors like power generation. Furthermore, supply chain disruptions create unpredictable lead times, making it difficult for suppliers to commit to the strict delivery schedules required for critical safety infrastructure projects, potentially resulting in contractual penalties or lost opportunities.

This operational instability directly impacts market volume and order intake, as high costs and uncertainty dampen investment enthusiasm for new facilities. The discrepancy between rising operational costs and actual volume growth is evident in recent industry performance metrics. According to the VDMA Valves Association, in 2024, incoming orders for industrial valves declined by 5% in real terms compared to the previous year. This contraction highlights how price volatility and supply constraints are causing a tangible slowdown in new business acquisition, effectively offsetting gains made in nominal turnover and hampering the sector's broader growth potential.

Key Market Trends

The engineering of low-fugitive emission valve architectures is rapidly emerging as a critical trend, driven by the intensifying global focus on methane abatement and environmental sustainability. Manufacturers are increasingly transitioning from traditional pneumatic designs to advanced electric and severe-service valve solutions that eliminate leak paths and minimize greenhouse gas releases in volatile extraction environments. This technological shift addresses strict net-zero targets by integrating electrified actuation systems that remove the need for constant gas venting while optimizing energy consumption. According to Emerson Electric Co., February 2025, in the article 'Emerson Helps Oil and Gas Company Meet Emissions Standards with New Electric Dump Valves', the company's newly deployed zero-emission electric valves reduced power usage by 98.75% compared to conventional retrofits, demonstrating the dual capability of these architectures to ensure environmental compliance and operational efficiency.

Simultaneously, the market is witnessing a structural growth of remote predictive maintenance service models, fundamentally altering how end-users manage asset lifecycles. By embedding Industrial Internet of Things (IIoT) sensors and analytics into valve assemblies, manufacturers are moving beyond simple hardware supply to offering comprehensive service packages that predict failures before they occur, thereby reducing unplanned downtime. This pivot toward data-driven service revenue is becoming a substantial financial pillar for major industry players. According to Rotork plc, March 2025, in the '2024 Full Year Results', the company reported that its service division, supported by its Intelligent Asset Management analytics platform, contributed 23% of total group sales, marking a significant increase in the adoption of these digital reliability contracts.

Segmental Insights

The Piston Type PRV segment has emerged as the fastest-growing category within the Global Pressure Relief Valves Market, primarily driven by its superior suitability for high-pressure industrial applications. Unlike diaphragm-based alternatives, piston mechanisms offer exceptional durability and precise operation in harsh environments, making them indispensable for critical sectors such as oil and gas and power generation. This market expansion is further accelerated by the rigorous implementation of safety standards by organizations like the American Petroleum Institute (API), which compels facilities to adopt robust overpressure protection systems to ensure asset integrity and operational safety.

Regional Insights

North America maintains a leading position in the global pressure relief valves market due to a mature industrial landscape and rigorous safety frameworks. The region benefits from substantial investments in the oil and gas, chemical, and power generation sectors, which require reliable overpressure protection. Demand is further solidified by strict compliance requirements established by entities such as the Occupational Safety and Health Administration and the American Society of Mechanical Engineers. These regulatory bodies enforce codes that necessitate the installation of safety valves to prevent equipment failure, thereby sustaining regional market dominance.

Recent Developments

• In June 2025, Baker Hughes announced a definitive agreement to acquire Continental Disc Corporation for $540 million in an all-cash transaction. This strategic acquisition was intended to expand the company’s Industrial & Energy Technology portfolio by adding a leading provider of safety-critical pressure management solutions, including rupture discs and pressure relief valves. The target company, known for its strong recurring revenue model, served diverse sectors such as pharmaceutical, chemical, and aerospace. The transaction aligned with Baker Hughes' strategy to optimize its offerings and drive growth in high-demand industrial markets, with the deal expected to close later in the year.
• In February 2025, Emerson introduced the Anderson Greenwood Type 84 Pressure Relief Valve, a new product specifically engineered to enhance safety in hydrogen and high-pressure gas applications. The company designed this valve to protect storage tanks and vessels by addressing the unique challenges of handling small molecules at extreme pressures, such as the risk of material embrittlement. The valve featured a specialized cartridge assembly that applied uniform spring pressure, ensuring exceptional leak-tight performance and optimal seat tightness. This launch expanded the company’s portfolio of overpressure protection solutions, complying with stringent industry standards including ASME Section VIII and XIII.
• In October 2024, the Farris Engineering business of Curtiss-Wright Corporation launched the inSure Pressure Relief Valve Monitoring Device. This innovative solution was designed to provide real-time monitoring of pressure relief events by detecting valve stem movement without penetrating the pressure boundary. The device utilized a proprietary sensor array to offer immediate feedback through a dedicated online application or a Distributed Control System, enabling operators to accurately measure relief events and detect unstable flow. By facilitating predictive maintenance and reducing the risk of undetected emissions, this technology aimed to improve plant safety and operational efficiency in the processing industries.
• In August 2024, IMI plc secured a significant multi-million Euro contract to supply seven specialized anti-surge valves to a major offshore upstream production facility located in the North Sea. The project involved replacing legacy equipment with advanced valves featuring additive manufactured components and the company’s patented DRAG technology. This upgrade was designed to enhance system reliability and efficiency while significantly reducing environmental impact through improved emission control. The new valves included a multi-stage design to manage high fluid velocities and were equipped with smart digital positioners to provide extensive diagnostic capabilities, supporting the customer’s sustainability and operational goals.

Key Market Players

• General Electric Company
• AGF Manufacturing, Inc.
• Mercury Manufacturing Company Ltd.
• IMI plc
• Alfa Laval
• Emerson Electric Co.
• Curtis-Wright Corp
• Watts Water Technologies, Inc.
• The Weir Group PLC
• Goetze KG Armaturen

By Type	By Distribution Channel	By Region
Acting Type PRVs Piston Type PRV Diaphragm Type PRV	Direct Sales Indirect Sales	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Pressure Relief Valves Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Pressure Relief Valves Market, By Type:

• Acting Type PRVs
• Piston Type PRV
• Diaphragm Type PRV

• Pressure Relief Valves Market, By Distribution Channel:

• Direct Sales
• Indirect Sales

• Pressure Relief Valves Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE