Published Date : Nov 14, 2016
ALBANY, NY, Nov 14, 2016: The report, titled “Global Rupture Disc Market 2016-2020” presents an all-inclusive reports of this market, taking key trends, driving factors, challenges, opportunities, and growth prospects into consideration.
According to the research report, the global market for rupture discs is likely to expand swiftly at a CAGR of 1.77% between 2016 and 2020 and contribute US$318 mn in revenues by the end of the forecast period. The increasing demand for fresh water and the subsequent prominence of the water and wastewater treatment industry, triggered by the augmenting population and substantial industrialization, is likely to reflect positively on the worldwide rupture disc market in the coming years, notes the study.
The report studies the global market for rupture discs on the basis of the type of product, end user, and the geographical spread of this market. By the type of the product, the market has been categorized into graphite rupture discs and metallic rupture discs. Among the two, the metallic rupture discs segment led the global market in 2015 and is expected to remain dominant throughout the forecast period as well, states the market study.
The process, energy, and the transportation industries have been identified as the key end users of rupture discs in this research study. Thanks to the extensive usage of rupture discs in the power and oil and gas industries, the energy segment has emerged as the leading end user of rupture discs. Researchers expect the trend to continue over the forecast period.
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On the geographical front, the worldwide market for rupture discs has been classified into Europe, the Middle East and Africa (EMEA), the Americas, and Asia Pacific (APAC). Among these, Asia Pacific has surfaced as the key contributor to the revenue generated in the overall market and is projected to remain so in the near future, owing to the growing demand for housing, automobiles, and electrical equipment, which consequently, is likely to drive the demand for energy.
The ongoing expansion in various industries, such as chemical, power, oil and gas, and food and beverage is also anticipated to boost this regional market in the forthcoming years, states the research report.
The global market for rupture discs demonstrates a highly fragmented and competitive landscape due to the presence of a large pool of local as well as multinational market players, states the research report. As per the study, BS&B Safety Systems, Fike, Continental Disc, Pentair, and Halma are the leading participants in this market. Some of the other prominent providers of rupture discs mentioned in this market report are Donadon SDD, LESER, GRUPA WOLFF, Mersen, REMBE, Parker Hannifin, SGL, STRIKO Verfahrenstechnik, Shanghai Hua Li Safety Device, TECHNETICS, ZOOK Enterprises, and V-TEX Corp.
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