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Fireproof valves are also known as fire safe valves. They have the ability to maintain pressure during and after a certain period of fire exposure. These valves are designed to prevent fire from spreading, if the fuel valve generates a leakage due to damage. These valves are used in fire prone areas due to the possibility of flammable or hazardous fluid leakage from the valve during a fire. Fire safe valves are tested and certified in accordance with ISO 10497 or API 607, which allows their use in various applications such as in processing activities and refining processes.

Fire safe valves create spring loaded valves which are thermally activated. In case of fire, these valves close automatically and stop the fuel flow. The flow of the fuel is hindered from the reserve oil supply and from crankcase of the engine reducing the probabilities of leakage. These spring loaded valves prevent the flow of fuel such as gas, oil, petrol, and other combustibles thereby, effectively preventing damage. These fire safe valves are manufactured with superior quality, rugged and are sued for various purposes and fluids. These valves are ideal for superheated or saturated steam, semi-solids, slurries, and corrosive services in chemical, industrial, power, paper, gas, and original equipment applications.

Increasing focus on the development of manufacturing and refining sectors in various emerging economies is projected to drive the fireproof valve market in the next few years. Benefits associated with the application of these fire safe valves include safeguarding of equipment, protection of personnel or life, safety of environment, reduction of insurance rates, and prevention of oil supply from feeding a fire. These factors are expected to drive the market during the forecast period. Furthermore, ability of these valves to offer protection even in high pressure and temperature conditions is further projected to boost the market in the next few years.

The global fireproof valve market can be segregated based on product type, valve type, application, end-use industry, distribution channel, and region. In terms of product type, the fireproof valve market can be segregated into normally closed exhaust fire damper, automatic smoke fire valves, smoke exhaust valves, and others. Based on valve type, the fireproof valve market can be categorized into ball valves, butterfly valves, others. In terms of application, the fireproof valve market can be divided into chemical processing, gas distribution, petroleum refining, fuel storage tanks, hospitals/oxygen lines, airports/ jet fuel, government/ military, hydraulic fluids, and others.

Based on end-use industry, the fireproof valve market can be categorized into oil/gas/refining, chemicals, food & beverages, and commercial. The oil/gas/refining segment is projected to account for major share of the market, in terms of revenue, during the forecast period. Fire safe valves are used in the industry since, flammable media is found throughout refineries, including LNG and LPG racks, storage tanks, processing equipment, and fueling stations. In the food and beverages industry, phosphates and alcohols are extensively utilized in the production of foods. These are highly flammable and are often stored in the tanks.

In terms of distribution channel, the fireproof valve market can be bifurcated into online channels and offline channels. Based on region, the fireproof valve market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Prominent players operating in the global fireproof valve market include Sperryn, Crown Cool, Conval, Inc., JD Controls, NT fan, Valtorc International USA, Bi-Torq Valve Automation, Flowserve Corporation, Taurus, Factory Direct Pipeline Products, Inc., Sharpe Valves, HOKE, and Assured Automation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Fireproof Valve Market