Pressure Pilot Market

Pressure Pilot Market Outlook (2022-2032)

The global pressure pilot market is set to enjoy a valuation of US$ 1.23 billion in 2022 and further expand at a CAGR of 6.1% to reach US$ 2.22 billion by the end of 2032.

Sales of pressure pilots accounted for nearly 24% of the global pressure valve market at the end of 2021.

Report Attributes	Details
Pressure Pilot Market Size (2021A)	US$ 1.17 Billion
Estimated Market Value (2022E)	US$ 1.23 Billion
Forecasted Market Value (2032F)	US$ 2.22 Billion
Global Market Growth Rate (2022-2032)	6.1% CAGR
North America Market Share (2021)	~23%
East Asia Market Growth Rate (2022-2032)	~7% CAGR
United States Market Growth Rate (2022-2032)	~5.1% CAGR
Market Share of Top 5 Companies	~23.4%
Key Companies Profiled	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. Watts Water Technologies Inc

Sales Analysis of Pressure Pilots (2017-2021) Vs. Market Forecast Outlook (2022-2032)

Many industries and compressor pipe systems feature pressure pilot valves as an essential component to prevent over-pressurization and limit process fluid loss during relief events. Excessive amounts of vented fluid and/or catastrophic piping system failure can occur if the pressure valve fails to operate properly. Owing to this, there is high utilization of pressure pilots in industries such as oil & gas, water, chemicals, power & energy, etc.

Moreover, every hydraulic and pneumatic system is equipped with a pressure control pilot system, which serves to limit the maximum pressure that the circuit can achieve. This function can be crucial in terms of system safety and economic effect because it can protect the system from catastrophic events.

• Short Term (2022 Q2 to 2025): Augmenting utilization and integration of pressure pilots in the oil & gas industry to positively impact pressure pilot market growth.
• Medium Term (2025-2028): Asia Pacific and North America anticipated to witness high pressure pilot demand on the back of abundant crude and natural gas availability in these regions, coupled with favorable government initiatives.
• Long Term (2028-2032): Increase in the use of pressure pilots for pressure relief and reduction activities will drive pressure pilot valve demand.

Over the 2017-2021 historical period, the global pressure pilot market registered a CAGR of 0.6%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.1% CAGR between 2022 and 2032.

Market share analysis of pressure pilots based on application and region is provided in a nutshell in the above image. Under the application segment, the oil & gas sub-segment dominates with 19.8% market share in 2022.

What’s Driving Demand for Pressure Pilots?

“Growing Integration of Electronic Pressure Pilots in Oil & Gas Sector”

In the 20th century, most equipment was manually operated and limited in features. But industrial technologies are now changing at a much faster rate than anticipated.

With the emergence of computerized electronic devices, the pressure pilot equipment market is also integrating this technology and shifting from traditional to modern smart devices.

The utilization of software technology and semiconductor materials in devices is rapidly increasing. Engineers, original equipment manufacturers (OEMs), and designers are focusing on designing cutting-edge semiconductor devices.

Further, devices having advanced features such as different types of sensors, non-invasive methods, wireless communications, lightweight models, and robotics for automation are gaining attention in the market.

Such modern and smart devices are in demand across industries, including oil & gas, pharmaceuticals, power & energy, chemicals, food & beverages, etc. All in all, these elements contribute to the pressure pilots industry's growth prospects and are creating ample opportunities for additional revenue generation.

“Several Benefits of Pressure Pilots Opening New Doors for Manufacturers”

An upsurge in the number of manufacturing and service companies has completely changed the pressure pilot equipment market in the last few years. An increase in the volume of oil & gas and power & energy industries has also been one of the reasons for new pressure pilot equipment ventures.

Ineffective old and traditional pressure-reducing pilots are giving way to new and advanced pressure control equipment, which is enabling efficient and sustainable manufacturing.

With all the new setups in pharma for vaccine and medicine development, in the chemical industry for measuring fluid consumption, in power generation for boilers, and in the plastic and material sector, comes the need for investments for the development of better pressure pilot machinery. Industry owners nowadays lean towards the latest technology, considering the need for sustainable, precise, and accurate manufacturing processes.

Modern pressure pilot equipment has it all covered, with many advanced features and specifications to maintain the desired output. This ensures the regular and desired flow of fluids. Thus, all these benefits of pressure pilots will open new doors of opportunities for pressure pilot companies over the coming years.

What Do Pressure Pilot Producers Need to Watch Out For?

“Susceptibility to Dynamic Instability under Certain Conditions”

When used in an industry, a part of machinery has to go through certain wear and tear. For instance, in the oil & gas industry, there are certain impurities that can contaminate pressure pilots, or weather conditions such as excessive heat or cold can lead to failure of the equipment.

For instance, little amounts of dissolved zinc can enter the system and cause accelerated ageing of the fluid if components with galvanic zinc coating or parts containing zinc are utilized. This self-exciting instability can cause damaging the valve seat, severe oscillations of the valve piston, possibly causing damage to attached piping, and preventing resealing.

When compared to the usage of mineral oil HLP, the life of the equipment may be reduced by up to 30% due to a higher cavitation tendency with HFC hydraulic fluids.

These aforementioned factors are potential threats for pressure pilot manufacturers’ growth prospective; however, they are coming up with robust solutions to overcome these restraints and capture the available opportunity.

Country-wise Insights

Will the Huge Oil & Gas Sectors in the U.S. Drive High Demand for Pressure Pilot Valves?

The United States pilot-operated pressure relief valve market is currently estimated at US$ 254.9 million and is expected to reach US$ 420 million by 2032.

The United States possesses one of the world's largest crude oil and natural gas exploration systems. The country has a large reservoir share - roughly 14% worldwide - and produces the most oil per day (18.6 million barrels per day).

The eye-catching development of America's shale gas resources and chemical industry presents significant opportunities. Growing exploration jobs by the government and end-use industries are likely to create lots of opportunities for pressure pilot manufacturers in the near future.

Because of developments in safety standards and technologies, and new regulations in this direction, the United States holds significant potential for pressure pilot sales over the coming years.

Why is the China Pressure Pilot Market Expected to Be Highly Lucrative?

China’s market share increased from only 1% in 1990 to 28.7% at the end of 2020. China has increased its focus on know-how in knowledge-intensive manufacturing and developing the capacity of sectors such as motor vehicles, chemicals, and machinery.

Owing to this, East Asia is expected to exhibit high growth of the pressure pilot market as it has the most oil & gas resources and chemical industries in the world. Sales of high-pressure pilot valves for utility power plants are currently concentrated in China to support the major build-up of new power plants in the country.

Demand is primarily driven by established traditional industries and huge petrochemical and chemical industries in the country. China holds a commanding position at the country-level accounting for roughly 66.2% of East Asia’s pressure pilot production in 2021.

The China market for pressure pilots is expected to reach a valuation of US$ 179.3 million in 2022.

Category-wise Insights

Why are Spring Pressure Pilots Moat Widely Used?

A spring-loaded pressure pilot is a unique valve used to limit or control pressure in a vessel or industrial system, such as pipework. These are used in the media of gas, liquid, and liquid/gas.

A common application of spring-operated pressure pilots is in power plants, where they are used to prevent steam overpressure. The relief valve is spring-actuated and "snap-acting" in gas service (such as steam in a power plant) and pops to a completely open position in case of an overpressure condition.

Spring-loaded type pressure pilots have been identified as being offered by several suppliers and manufacturers across the world. Thus, the integration of spring-loaded pressure pilots has increased steadily in the recent past, surpassing a market valuation of US$ 882.4 million in 2021.

Furthermore, with the global economy on the way up, the spring loaded sub-segment is predicted to expand 1.9X by the end of 2032.

Will Market Growth Be Led by New Pressure Pilot Installations?

Today, sales of pressure pilots for integration into diverse end-use applications are increasing rapidly. New installation is a growing segment in the overall pressure pilot valve market. Growing sales through new installations of pressure pilots are anticipated to drive high demand during the assessment period.

Major suppliers are focusing only on the new installation of pressure pilots and are anticipated to see greater growth prospects in later years.

New installation of pressure pilots is to create an absolute $ opportunity of US$ 1.7 billion by the end of the assessment period.

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.

The world’s leading manufacturers of pressure pilot products are employing sustainable technologies and optimization systems for diverse end users. Key manufacturers are focusing on developing new product designs to address problems in terms of product placement in harsh operating environments. 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.

Fact.MR has provided detailed information about the price points of key manufacturers of pressure pilots positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

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