Investment Opportunities in Pressure Relief Valve Industry
The pressure relief valve market is estimated to increase from US$4.71 Bn in 2024 to US$6.46 Bn by 2031. The market is projected to record a CAGR of 4.5% during the forecast period from 2024 to 2031. The market growth is attributed to industrial demand, smart valve adoption, and emerging market expansions. The growth of the market can be attributed to several factors including the increasing demand for safety solutions, expanding industrial sectors, and the adoption of advanced technologies in valve designs.