New ARC Advisory Group research on the Pressure Relief Valves and Devices market reveals that the ongoing digitalization trend is expected to generate higher sales for pressure relief valves (PRV) and accompanying smart remote monitoring devices, in both new construction projects and retrofits.
“End users are looking for features such as continuous asset monitoring, early fault alert, and storage of diagnostic data in their valves. Digitalization of pressure relief valve operations will aid the end users in significantly reducing PRV malfunctions and effectively limiting the total carbon emission of the plant. This may be achieved by connecting an existing conventional pressure relief valve with a complementing smart device for real-time monitoring and alarm management,” according to Sandeep K. Mukunda, Analyst at ARC Advisory Group and key author of ARC’s Pressure Relief Valves and Devices Global Market Research report.
About the Pressure Relief Valves and Devices Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the pressure relief valves and devices market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, valve type, component, application, revenue category, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) - personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.