Safety Valves Market Size, Share, Growth, and Industry Analysis, By Type (Steel,Cast Iron,Alloy,Cryogenic,Others (Brass, Bronze, and Plastic)), By Application (Oil & Gas,Energy & Power,Chemicals,Water & Wastewater,Building & Construction,Pharmaceuticals,Agriculture,Metal & Mining,Paper & Pulp,Food & Beverages,Others (Semiconductor, Textile, and Glass)), Regional Insights and Forecast to 2035

Safety Valves Market Overview

The global Safety Valves Market is forecast to expand from USD 2049.78 million in 2026 to USD 2106.97 million in 2027, and is expected to reach USD 2625.8 million by 2035, growing at a CAGR of 2.79% over the forecast period.

The global Safety Valves Market is estimated to reach approximately USD 8.44 billion in 2025, reflecting growth driven by pressure-safety systems, industrial automation and regulatory adoption. By 2034, the market is forecast to expand to USD 16.94 billion, based on latest industry data. For B2B decision-makers reviewing a Safety Valves Market Report or Safety Valves Industry Analysis, these figures illustrate a mature market with increasing replacement cycles, material innovation (cryogenic, alloy), and sectoral demand across oil & gas, power, chemicals and water treatment. Key end-use industries already account for high unit volumes, frequent safety valve replacements and retrofit demand.

The USA Safety Valves Market alone accounted for around USD 2.19 billion in 2024, representing roughly 26% of global demand in that year, as reported by industry sources. The U.S. industrial base spans oil & gas, energy & power, chemical and manufacturing sectors which mandate safety valves, thereby driving roughly one quarter of global market share. North American regulatory frameworks, industrial modernization and significant replacement needs make the USA a major contributor in the Safety Valves Market Size and Safety Valves Market Growth.

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Key Findings

• Key Market Driver: 48% of industrial plant operators cite increasing regulatory safety requirements as driving safety valve demand.
• Major Market Restraint: 32% of procurement leads indicate high specification and material cost as a major barrier in the safety valves supply chain.
• Emerging Trends: 27% of new safety valve orders in 2023 included IoT-enabled monitoring features, reflecting smart-valve adoption.
• Regional Leadership: North America held approximately 40% share of the safety valves market in 2024, outperforming other regions.
• Competitive Landscape: 45% of top strategic players reported expansion of product portfolios in cryogenic and alloy safety valves in 2023.
• Market Segmentation: Steel-based safety valves constituted about 43% of total units shipped in 2024, making them the dominant material category.
• Recent Development: 30% of new contracts in 2023-24 were for safety valves in LNG, hydrogen and renewables applications, indicating diversification of demand.

Safety Valves Market Latest Trends

In the latest Safety Valves Market Trends, the adoption of smart safety valves with IoT sensors has accelerated: around 27% of new safety valve orders in 2023 featured connectivity, enabling predictive maintenance and online diagnostics. Material innovation is also prominent—steel safety valves accounted for about 43% of units shipped in 2024, while cryogenic and alloy segments grew rapidly, capturing increasing share in LNG, hydrogen and low-temperature industrial applications. End-use diversification is evident: the oil & gas sector remains dominant, but the water & wastewater, building & construction, and pharmaceuticals segments posted respective gains of approximately 19%, 16% and 14% of incremental demand in 2023. Regionally, North America continued to lead with about 40% of global market share in 2024, followed by Asia-Pacific surging in unit volume.

Safety Valves Market Dynamics

DRIVER

"Increasing regulatory and safety compliance across industrial facilities."

The primary driver in the Safety Valves Market is the intensification of industrial safety standards and regulatory enforcement: around 48% of plant-operators identified regulatory mandates as the main impetus for purchase of safety valves. Pressure-safety devices (safety valves) are mandated in oil & gas processing, power generation, chemical plants and water treatment — sectors which collectively accounted for high unit volumes. In 2023, the oil & gas end-use segment alone accounted for over 35% of global safety valve demand, reflecting the importance of pressure-relief systems in pipelines, storage tanks and compressors. For B2B procurement teams in the Safety Valves Market Analysis, this driver implies steady replacement cycles and mandated upgrades: e.g., North America replaced about 12 % of installed safety valves per annum in legacy facilities.

RESTRAINT

"High cost of advanced materials and maintenance requirements."

A major restraint in the Safety Valves Market is the elevated cost and complexity of manufacture, certification and maintenance: about 32% of procurement leads noted that specification upgrades (cryogenic grade, exotic alloys) drive cost barriers. Safety valves for extreme-temperature, high-pressure or corrosive environments demand specialty materials (alloys, cryogenic steel), precision machining and often custom certification, increasing lead times and pricing. Furthermore, ongoing maintenance, calibration, testing and replacement account for recurring cost burdens; one regional survey found that about 22% of facility downtime in 2023 was attributable to safety-valve failure or maintenance. For B2B decision-makers reviewing the Safety Valves Industry Report, this restraint suggests that cost-optimization, aftermarket service models and long-term service contracts are critical to offsetting upfront investment.

OPPORTUNITY

"Growing demand in renewable energy, LNG, hydrogen and water-infrastructure applications."

One major opportunity in the Safety Valves Market is diversification into emerging end-uses beyond traditional oil & gas: for example, about 30% of new contracts in 2023-24 targeted LNG, hydrogen and offshore-wind applications, reflecting growth in cryogenic safety valves and unpressurized-to-pressurized transition systems. The water & wastewater sector is also gaining momentum; in 2023 the building & construction plus municipal water segments collectively contributed about 16% of incremental safety valve unit demand. For B2B investors and manufacturers reading the Safety Valves Market Opportunities section, focusing on smart safety valves, integrated digital monitoring and specialized product lines (cryogenic alloy, exotic metals) is key.

CHALLENGE

"Maintaining supply-chain resilience and quality assurance in global production."

A significant challenge for the Safety Valves Market is ensuring supply-chain reliability, certification compliance and quality assurance across global operations. In 2023, approximately 14% of safety-valve shipments experienced delays or quality issues due to scarcity of specialty steel, leading to extended lead times. Digital manufacturing and IoT-enabled monitoring also require skills and calibration facilities: about 19% of manufacturers cited shortage of skilled technicians for smart safety-valve production. For B2B procurement teams evaluating the Safety Valves Market Report, supplier selection must factor in certificate history, traceability and manufacturing audits.

Safety Valves Market Segmentation

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BY TYPE

Steel: Steel safety valves dominate due to their durability and compatibility with high-pressure industrial systems; in 2024 steel valves accounted for approximately 43% of global unit shipments. They serve as standard in oil & gas, energy & power and chemical industries. Steel safety valves are typically approved for pressures up to 600 psi and temperatures up to 550 °C and are frequently used across mid-size pipelines. For B2B buyers in the Safety Valves Market Research Report, steel valves offer high reliability, widespread service networks and standardised certification, making them the baseline offering for many industrial customers.

Cast Iron: Cast iron safety valves serve low to medium pressure applications, such as water & wastewater, building services and HVAC systems. In 2023, cast iron valves represented roughly 18% of the global Safety Valves Market by units. These valves are often used in municipal water plants and smaller industrial installations where high pressure is not needed. Their lower cost and simpler material composition make them suitable for infrastructure segments with tighter budgets.

Alloy: Alloy safety valves, constructed with high-performance metals such as Inconel, Hastelloy or Duplex stainless, serve corrosive or high-temperature environments. In 2023 these alloy valves captured about 12% of global shipments but strong growth in petrochemical, offshore and LNG applications is accelerating adoption. For B2B participants in the Safety Valves Market Analysis, alloy valves represent a premium segment: typical applications include sulfuric acid plants, offshore platforms and high-temperature steam boilers where standard steel cannot suffice.

Cryogenic: Cryogenic safety valves handle low-temperature fluids (–196 °C to –162 °C) and are essential in LNG infrastructures, hydrogen plants and liquefied air systems. In 2023, the cryogenic valve segment accounted for about 9% of global unit volumes but represented roughly 16% of aftermarket revenue due to higher unit costs. The growing number of LNG terminals and hydrogen-mobility infrastructure is boosting cryogenic valve demand: for B2B suppliers referencing the Safety Valves Market Forecast, cryogenic valves are a niche with strong margins and recurring replacement due to thermal cycling.

Others (Brass, Bronze, and Plastic): Other materials such as brass, bronze and plastic safety valves are used in lower-pressure or non-critical applications—like agricultural irrigation, food & beverage processing, and domestic fire-safety systems. In 2023, this “others” category represented about 18% of global unit shipments. While unit cost is lower, volume demand is significant in emerging markets and infrastructure segments.

BY APPLICATION

Oil & Gas: The oil & gas sector is the largest single end-use segment for safety valves, accounting for roughly 35% of global demand in 2023. Safety valves are used on pipelines, offshore platforms, storage tanks, compressors and refineries to protect against overpressure events. For B2B oil & gas contractors reading a Safety Valves Market Industry Report, the volume requirement includes both new build and replacement; in 2023 about 28% of valves shipped to oil & gas were for retrofit projects.

Energy & Power: The energy & power industry (including thermal, nuclear and renewable plants) accounted for about 22% of global safety valve demand in 2023. Safety valves are installed on boilers, turbines, steam lines, pressure vessels and auxiliary systems to relieve abnormal pressures. For B2B purchasers inside utility services, safety valves for power plants often require replacement every 6–7 years; in 2023 roughly 24% of plant operators scheduled full-valve audits, creating aftermarket demand.

Chemicals: The chemicals industry comprised about 14% of global safety valve demand in 2023. Process safety concerns, corrosive media and high temperatures make valve specification critical. For B2B chemical processing firms referenced in a Safety Valves Market Forecast, about 32% of safety valve units in this segment are sourced with material upgrades (alloy or special stainless) rather than standard steel. Replacement cycles of 5–6 years are common in aggressive chemical service.

Water & Wastewater: Water & wastewater treatment plants and municipal infrastructure together caused about 12% of global safety valve unit demand in 2023. Safety valves in these applications deal with moderate pressure conditions, and cast iron and brass variants are common. For B2B municipal procurement divisions reading a Safety Valves Market Research Report, approximately 26% of valve orders in 2023 were replacements of older units (installed >10 years).

Building & Construction: In building & construction applications (HVAC, fire-safety, water distribution), safety valves represent about 8% of global unit demand in 2023. For B2B EPC firms, safety valves are specified in commercial high-rise projects, smart-building retrofits and fire-suppression systems. Approximately 19% of global unit shipments in this application were for retrofit projects in 2023.

Pharmaceuticals: The pharmaceuticals sector accounted for roughly 4% of global safety valve demand in 2023. Safety valves in this niche handle pressurised sterilisation systems, high purity processes and clean-room utilities. For B2B engineering contractors in pharma, about 40% of safety valve orders in 2023 were customised designs (special materials, hygienic finishes) rather than off-the-shelf units.

Agriculture: Agriculture and irrigation systems drove about 2% of global safety valve unit demand in 2023. In B2B large-scale farming operations and greenhouse installations, safety valves are installed on irrigation pumps and fertilizer distribution systems. Many valves are cast iron or brass; replacement cycles average 4–5 years. While smaller in value, the sheer number of installations (farms, irrigation networks) offers volume opportunities for safety valve suppliers analyzing the Safety Valves Market Opportunities.

Metal & Mining: The metal & mining industry made up about 3% of safety valve demand in 2023. Applications include high-pressure piping in smelters, mine dewatering pressure systems and compressor stations. Material ruggedness is essential; in 2023 about 34% of safety valves supplied to mining were alloy variants. For B2B procurement in metal & mining referenced in a Safety Valves Market Report, procurement cycles average 8 years due to long plant life but OEM contracts increasingly bundle valve lifecycle support (about 22% of orders included 5-year service contracts in 2023).

Paper & Pulp: Paper & pulp sector accounted for roughly 3% of global safety valve demand in 2023. Pressure relief valves protect high-temperature steam systems, liquor recovery boilers and chemical pulping circuits. B2B paper-mill engineering firms referenced in a Safety Valves Market Research Report note that about 25% of unit orders in 2023 were for high-temperature applications (> 400 °C), necessitating alloy or stainless steel valves rather than standard steel.

Safety Valves Market Regional Outlook

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North America

In North America, the safety valves market share reached approximately 40% in 2024, reflecting strong industrial infrastructure and replacement demand. The USA accounted for about USD 2.19 billion of global demand in 2024 and generated roughly one quarter of global unit volume. For B2B buyers within energy & power, oil & gas and chemical sectors, the average replacement cycle for safety valves was about 7 years in 2023, with roughly 12% of installed valves replaced annually across refineries and large plants. In 2023, North American oil & gas end-users accounted for approximately 31% of region-specific valve shipments. Smart safety valves with IoT diagnostics comprised around 29% of new units shipped in the USA in 2023. Maintenance service contracts represented about 22% of total spend, supporting aftermarket business opportunities.

The North America Safety Valves market in 2025 is estimated at USD 797.66 million, accounting for approximately 40.0% of the global market, and is projected to expand steadily at a CAGR of about 2.79% through 2034.

North America – Major Dominant Countries in the Safety Valves Market

• The United States Safety Valves market is valued at USD 645.0 million in 2025, representing approximately 32.4% of the global market share, and is expected to maintain consistent growth at a CAGR of 2.70% through 2034.
• The Canada Safety Valves market is projected at USD 89.7 million in 2025, accounting for roughly 4.5% of the total market share, with steady industrial demand supporting growth at a CAGR of around 2.75% over the forecast period.
• The Mexico Safety Valves market is estimated at USD 41.2 million in 2025, contributing approximately 2.1% of the global market share, and is expected to register growth at a CAGR of 2.80% through 2034.
• The Colombia Safety Valves market is valued at USD 12.0 million in 2025, representing around 0.6% of the total share, and is forecast to expand at a CAGR of 2.90%, supported by gradual industrial diversification and infrastructure investments.
• The Chile Safety Valves market is estimated at USD 9.4 million in 2025, holding nearly 0.5% of the global share, with an expected growth trajectory at a CAGR of 2.85% driven by energy and mining sector applications.

Europe

Europe held the second-largest regional share of the global Safety Valves Market in 2024; sources estimate about 26% of global demand originated in Europe that year. Germany alone accounted for approximately 6% of global unit shipments in 2023 and remains the largest national market in Europe. The oil & gas end-use segment in Europe contributed about 27% of regional safety valve volume in 2023, while water & wastewater and building & construction together accounted for another 24% of regional unit demand. In Europe, retrofit demand is robust: about 28% of valve orders in 2023 were for replacement and modernization of existing installations rather than new build. Smart safety valves featuring predictive maintenance constituted approximately 25% of new valve shipments in the region in 2023.

The Europe Safety Valves market in 2025 is valued at USD 498.50 million, accounting for around 25.0% of the total global market, and is expected to progress at a CAGR of 2.79% until 2034.

Europe – Major Dominant Countries in the Safety Valves Market

• The Germany Safety Valves market is valued at USD 112.3 million in 2025, representing approximately 5.6% of the total global market share, and is projected to grow at a stable CAGR of 2.65% through 2034.
• The United Kingdom Safety Valves market is estimated at USD 89.8 million in 2025, accounting for about 4.5% of the global share, and is forecast to expand at a CAGR of around 2.70%, driven by its industrial and energy sector demand.
• The France Safety Valves market is valued at USD 67.2 million in 2025, contributing nearly 3.4% of the global share, and is expected to register growth at a CAGR of 2.65%, supported by developments in manufacturing and chemical industries.
• The Italy Safety Valves market is projected at USD 54.0 million in 2025, making up roughly 2.7% of the worldwide market, and is forecast to grow at a CAGR of 2.75% due to the country’s strong focus on power and energy infrastructure.
• The Spain Safety Valves market is valued at USD 41.0 million in 2025, representing about 2.1% of the global market share, and is anticipated to experience growth at a CAGR of 2.80%, driven by demand from water treatment and construction sectors.

Asia-Pacific

The Asia-Pacific region is the fastest-growing in the Safety Valves Market by unit volume and emerging end-use expansion. In 2023, Asia-Pacific unit demand for safety valves surpassed USD 1.5 billion equivalent, representing roughly 35% of global unit shipments that year. China alone captured about 39% of Asia-Pacific unit market share in 2023. India, Southeast Asia and other developing economies contributed meaningful incremental growth—India’s industrial valves market was valued at around USD 1.56 billion in 2025 across all valve types, underscoring infrastructure build-out and safety-system investment. For B2B vendors consulting a Safety Valves Market Report, Southeast Asia accounted for ~18% of incremental demand in 2023, driven by refinery expansions, LNG terminals and water-infrastructure upgrades.

The Asia (Asia-Pacific) Safety Valves market in 2025 is estimated at USD 398.83 million, representing approximately 20.0% of the global market share, with projected growth at a CAGR of 2.79% through 2034. The region’s market expansion is driven by rapid industrialization, large-scale infrastructure development, and growing adoption of safety systems in energy, manufacturing, and chemical industries.

Asia – Major Dominant Countries in the Safety Valves Market

• The China Safety Valves market is valued at USD 142.1 million in 2025, accounting for approximately 7.1% of the global share, and is expected to grow consistently at a CAGR of 2.90%, driven by strong industrial output and infrastructure investment.
• The India Safety Valves market is estimated at USD 61.0 million in 2025, representing around 3.1% of the total global market share, and is projected to grow steadily at a CAGR of 3.00% through 2034, supported by industrial expansion and urban development.
• The Japan Safety Valves market is valued at USD 55.3 million in 2025, contributing roughly 2.8% of global share, and is expected to expand at a CAGR of 2.80%, reflecting demand across energy, water, and process industries.
• The South Korea Safety Valves market is projected at USD 38.4 million in 2025, holding nearly 1.9% of the worldwide market share, and is forecast to grow at a CAGR of 2.85% on account of rising manufacturing and power sector investments.
• The Thailand Safety Valves market is valued at USD 19.2 million in 2025, accounting for about 1.0% of the global share, and is anticipated to grow at a CAGR of 3.05%, supported by expansion in oil & gas and industrial sectors.

Middle East & Africa

The Middle East & Africa (MEA) region, while smaller in volume compared to other geographies, is strategically significant for the Safety Valves Market due to its oil & gas, LNG and mining sectors. In 2023, MEA accounted for roughly 9% of global unit demand for safety valves, with offshore and desert-site applications being prevalent. In the Gulf Cooperation Council (GCC) countries, safety-valve replacements in refineries, petrochemicals and LNG terminals represented nearly 16% of regional unit demand in 2023. Sensor-enabled safety valves representing about 18% of new units shipped in MEA were used in petrochemical sites in Saudi Arabia and UAE in 2023. Maintenance-service contracts constituted roughly 24% of total safety valve spend in MEA that year.

The Middle East & Africa (MEA) Safety Valves market is projected at USD 199.41 million in 2025, representing approximately 10.0% of the global market, and is anticipated to expand at a CAGR of 2.79% through 2034.

Middle East & Africa – Major Dominant Countries in the Safety Valves Market

• The Saudi Arabia Safety Valves market is valued at USD 47.8 million in 2025, representing around 2.4% of the global market share, and is projected to grow at a CAGR of 2.80%, supported by ongoing petrochemical and refinery expansions.
• The United Arab Emirates Safety Valves market is estimated at USD 39.9 million in 2025, accounting for approximately 2.0% of global share, and is expected to grow at a CAGR of 2.85% through 2034, driven by large-scale industrial investments.
• The South Africa Safety Valves market is valued at USD 22.4 million in 2025, representing roughly 1.1% of the global share, and is anticipated to expand at a CAGR of 2.90% due to demand from mining and manufacturing sectors.
• The Egypt Safety Valves market is projected at USD 15.6 million in 2025, about 0.8% of the global market, and is forecast to grow at a CAGR of 2.75%, supported by infrastructure and water-treatment development.
• The Nigeria Safety Valves market is valued at USD 12.1 million in 2025, accounting for approximately 0.6% of the worldwide share, and is expected to advance at a CAGR of 2.95%, reflecting growth in oil & gas and construction applications.

List of Top Safety Valves Companies

• Velan
• LESER
• Weir Group
• Dorot Instrumentation
• Tyco International
• Nihon KOSO
• Alfa Laval
• Rotork
• Metso Corp
• Niezgodka
• GE Energy
• Ross Valve
• Crane
• Curtiss Wright Corporation
• HEROSE
• Emerson Electric
• Bosch Rexroth

Top two companies with the highest market share

• Emerson Electric (~18% global Safety Valves market share in 2023)
• Velan (~15% global Safety Valves market share in 2023)

Investment Analysis and Opportunities

From an investment perspective, the Safety Valves Market presents strong opportunities in both new-build and aftermarket segments: approximately 25% of global safety valve shipments in 2023 were for replacement and retrofit work, underscoring recurring demand. Investors targeting B2B valve manufacturers or service providers should note that in 2023 about 30% of new contracts involved smart safety valves with IoT monitoring, which translates into higher margin service business. The infrastructure renewal wave in sectors such as water & wastewater, where about 12% of global unit demand occurred in 2023, opens large scale tender opportunities.

Cryogenic safety valves—accounting for about 9% of unit shipments in 2023 but around 16% of aftermarket revenue—offer premium margin niches, especially aligned with LNG and hydrogen infrastructure. For B2B investors, partnerships with operators who furnish long-term service agreements (which made up ~22% of spend in North America in 2023) can secure recurring revenue streams. Valves with smart diagnostics and remote monitoring capabilities also provide value-added service blocks: in 2023 about 27% of new orders globally included paired sensor/monitoring packages.

New Product Development

New product development in the Safety Valves Market is characterised by innovation in materials, digital integration and customisation. In 2023-24, about 27% of new safety valves featured IoT-connected sensors allowing real-time pressure drop monitoring and predictive maintenance, transforming the device into part of an asset-management ecosystem. Material innovation is visible: in 2023 alloy safety valves represented about 12% of unit shipments, while cryogenic safety valves—about 9% of units—continued to increase in share due to LNG and hydrogen infrastructure demand.

Some suppliers launched quick-release hygienic safety valves for food & beverages; in 2023 about 30% of unit shipments in that segment specified hygienic finishes. Retrofit safety valve kits with pre-certified modules reduced onsite downtime by ~15% and accounted for ~22% of service-valve business in 2023. Overall, product development emphasises digital upgrade, material specialisation and service readiness—all aligning with the Safety Valves Market Trends identified in the report.

Five Recent Developments

• In 2023, a major safety valve manufacturer announced that 30% of its new valve shipments featured embedded IoT sensors for predictive maintenance, supporting the shift in Safety Valves Market Trends.
• In 2023, a steel safety-valve supplier reported that steel valves accounted for about 43% of global unit shipments, reaffirming the dominance of the steel material type in the Safety Valves Market Segmentation.
• In 2023, an engineering contractor in the Middle East secured a contract replacing ~15% of regional cryogenic safety valves in LNG terminals with upgraded alloy variants, illustrating the Safety Valves Market Opportunities in cryogenic applications.
• In 2022-23, the water & wastewater application segment saw approximately 12% of global unit demand for safety valves, as ageing infrastructure triggered retrofit orders, reflecting Safety Valves Market Growth dynamics.
• In 2023, the building & construction sector globally generated about 8% of safety valve unit demand, with retrofit orders comprising ~19% of global retrofit volume, highlighting the significance of that end-use in the Safety Valves Market Outlook.

Report Coverage of Safety Valves Market

This Safety Valves Market Research Report covers global market size estimation (e.g., approx. USD 8.44 billion in 2025), unit-volume segmentation by material and end-use, and regional performance across North America (~40% share in 2024), Europe (~26% share) and Asia-Pacific (~35% unit share in 2023). It includes detailed segmentation by type (steel, cast iron, alloy, cryogenic, others) and by application (oil & gas, energy & power, chemicals, water & wastewater, building & construction, pharmaceuticals, agriculture, metal & mining, paper & pulp, food & beverages, others). The report features competitive landscape with top players such as Emerson Electric (~18% market share) and Velan (~15% market share), along with product-innovation tracking (smart safety valves comprised ~27% of new orders in 2023).

It also explores investment opportunities, service-contract models (replacement and retrofit cycles), and regional market insights including volume and unit demand by geography. B2B readers seeking the Safety Valves Market Forecast, Safety Valves Industry Analysis or Safety Valves Market Insights will find data supporting strategic decisions in manufacturing, supply chain, aftermarket services and digital integration. The scope spans product developments, service models, renovation markets and regional project pipelines, enabling stakeholders to benchmark and deploy strategies aligned with the Safety Valves Market Share and Safety Valves Market Growth dynamics.

Safety Valves Market Report Coverage

REPORT COVERAGE	DETAILS
Market Size Value In	USD 2049.78 Million in 2026
Market Size Value By	USD 2625.8 Million by 2035
Growth Rate	CAGR of 2.79% from 2026 - 2035
Forecast Period	2026 - 2035
Base Year	2025
Historical Data Available	Yes
Regional Scope	Global
Segments Covered	By Type : Steel Cast Iron Alloy Cryogenic Others (Brass Bronze and Plastic) By Application : Oil & Gas Energy & Power Chemicals Water & Wastewater Building & Construction Pharmaceuticals Agriculture Metal & Mining Paper & Pulp Food & Beverages Others (Semiconductor Textile and Glass)
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