According to Fact.MR, a market research and competitive intelligence provider, the global pressure pilot market was valued at USD 1.23 billion in 2022 and is expected to grow at an impressive CAGR of 6.1% from 2022 to 2032. This growth is driven by the significant safety and functional advantages provided by pressure pilots.

Pressure pilot systems are essential for safeguarding pressurized vessels or systems during overpressure events. Due to stringent government standards and safety requirements in critical end-user operations, there is a high demand for pressure pilots, not only for new installations but also for retrofits.

The use of pressure pilot systems has notably increased in the operations of oil & gas and chemical companies for fluid management. In 2020, the global revenue of the chemical industry reached USD 3.9 trillion. Pressure pilots are crucial in the chemical industry, and as the industry grows, the demand for pressure pilots is expected to rise correspondingly.

For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=7527

Key Takeaways from Market Study

• The global pressure pilot market is projected to grow at a robust CAGR of 6.1%, reaching a valuation of USD 2.22 billion by 2032.
• The market experienced a CAGR of 0.6% from 2017 to 2021.
• Among the types, spring-loaded pressure pilots lead the market, valued at USD 925.6 million in 2022.
• In 2021, Europe dominated the market with a 27% share.
• The oil & gas and chemical industries together are expected to account for a 40.4% market share in 2022.
• Regionally, demand for pressure pilots is anticipated to grow at CAGRs of 4.7% in Europe and 7.8% in South Asia & Oceania.

Market Development

Despite challenging economic conditions, the pressure pilot valves market is experiencing consolidation within the industry. Prominent manufacturers are employing both organic and inorganic strategies to strengthen their market position. For example, Dresser Natural Gas Solutions' acquisition of Flow Safe exemplifies these efforts.

Additionally, market players are striving to broaden their customer base by targeting diverse end-users and expanding into various regions. They are also investing in research and development to enhance their product offerings with advanced and smart solutions.

Competitive Landscape

Prominent pressure pilot manufacturers are Alfa Laval AB, Apollo Valves, Baker Hughes Company, Crane Co, Curtiss-Wright Corporation, Emerson Electric Co., Flow Safe, Inc., Flowserve Corp, Forbes Marshall, GE Co., Goetze KG Armaturen, IMI plc, LESER GmbH and Co. KG., Pentair plc, The Weir Group PLC, Valvitalia Group SpA, Velan, Inc., and Watts Water Technologies Inc.

Moreover, expertise and professionalism in planning, designing, and providing optimal pressure control solutions are at the backbone of their marketing strategies.

• In Jan. 2021, The ASCO 141 series advanced redundant control system (ARCS) from Emerson was designed to come up with a solution for a range of emergency failures in valve applications in the oil & gas, chemical, power & energy industries.
• In Nov. 2020, Flow Safe, a manufacturer of pilot-operated and spring-operated pressure relief devices, was acquired by Dresser Natural Gas Solutions, a manufacturer of instrumentation, electronics, measurement, and distribution repair equipment for the gas utility market.
• In May 2020, Baker Hughes released off-the-shelf conversion kits to upgrade to higher-performing pilot-operated pressure relief valves from API 526 direct spring safety relief valves.

Segmentation of Pressure Pilot Industry Research

• by Type :
• Spring-loaded Pressure Pilots
• Air-loaded Pressure Pilots
• by Operation :
• Relief Valves
• Pressure Reduction Valves
• by Pressure Range :
• Less than 250 psi
• 250-500 psi
• 500-1000 psi
• 1000-2000 psi
• Above 2000 psi
• by Sales :
• New Installation
• Retrofit
• by Application :
• Oil & Gas
• Chemicals
• Power & Energy
• Pharmaceuticals
• Food & Beverages
• Plastics & Materials
• Industrial Manufacturing
• Others
• by Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

Browse Full Report: https://www.factmr.com/report/pressure-pilot-market 

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global pressure pilot market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (spring-loaded, air-loaded), operation (relief valves, pressure reduction valves), pressure range (less than 250 psi, 250-500 psi, 500-1000 psi, 1000-2000 psi, above 2000 psi), sales (new installation, retrofit), and application (oil & gas, chemicals, power & energy, pharmaceuticals, food & beverages, plastics & materials, industrial manufacturing, others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com