DUBLIN, October 24, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Rupture Disc Market 2016-2020" report to their offering.
The global rupture disc market is forecast to grow at a CAGR of 1.77% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: The number of natural gas vehicles (NGVs) is experiencing an exponential growth over the last decade. NGVs grew from 9.8 million in 2008 to approximately 14.6 million in 2012. It is expected that by the end of 2016, the number of NGVs will increase to around 20 million.
The global estimates for NGVs are expected to increase further during the forecast period to more than 60 million by 2020. In conjunction with the trend of cleaner fuel vehicles, the sales of fuel cell vehicles (FCVs) are also expected to increase significantly over the forecast period. The sales of FCVs are expected to surpass 232,000 by 2025.
According to the report, growing demand for fast-acting relief devices will be a key driver for market growth. Globally, there is an increase in the demand for relief devices that are fast acting. Some process systems require relief devices to act instantly when the system pressure increases. The reaction of time of rupture discs is much faster than pressure relief valves. Therefore, industries prefer the use of rupture discs in heat exchangers over pressure relief valves.
Pressure relief valves do not respond quickly when subjected to excessive pressure from gas or vapor media or when liquid flashing occurs. Thus, the ability to burst quickly makes rupture discs the preferred choice among many industries.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- BS&B Safety Systems
- Continental Disc
- Donadon SDD
- GRUPA WOLFF
- Parker Hannifin
- Shanghai Hua Li Safety Device
- STRIKO Verfahrenstechnik
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by application
PART 08: Market segmentation by end-users
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Market drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: About the Autho
For more information about this report visit http://www.researchandmarkets.com/research/9rqc88/global_rupture
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets