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Global pressure relief valves for water & wastewater treatment sales are set to be valued at close to US$ 1.2 Bn in 2021, with steady long-term projections, according to latest insights by Persistence market Research. The report estimates the market to expand at around 5% CAGR from 2021 to 2031. Constant demand from oil & gas, private water supply & distribution, and municipal water supply & distribution sectors are augmenting market growth in terms of volume. The fact that there is a pressure relief valve design that is suitable for almost any application involving low viscosity fluids makes the market outlook bright for the future. 

Demand for pressure relief valves for water & wastewater treatment declined in 2020 due to the COVID-19 pandemic. However, the water & wastewater segment of the industry was hurt less due to the latest guidelines issued by the World Health Organization (WHO), which bodes well for the sales of these equipment. Despite the risk of a stimulus in many countries, the market’s long-term outlook is looks much optimistic.

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With flexible production being in demand, autonomous handling systems and robots are expected to adapt to changing requirements faster. Besides, those moving around with “domain+” skills would be on the top of the recruiters’ agenda.

Augmented reality solutions are being asked for IoT functionality is capable of tracking and evaluating production quotas, expanding control rooms, and creating various models related to predictive maintenance. Industry 4.0 workforce would, indeed, be complementing robotics. Persistence Market Research is endowed with expertise herein in the form of consultants and analysts.

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