Safety Shut-off Valves Market size was valued at USD 5.2 Billion in 2024 and is forecasted to grow at a CAGR of 5.5% from 2026 to 2033, reaching USD 8.1 Billion by 2033.
The global safety shut off valves market has experienced significant growth, with a valuation of approximately USD 948.58 million in 2024 and a projected increase to USD 986.52 million in 2025. This upward trend is expected to continue, reaching USD 1,350.13 million by 2033, representing a compound annual growth rate (CAGR) of 4.0% from 2025 to 2033. In 2023, North America dominated the market, holding a share of over 42%, driven by robust industrial sectors such as oil and gas, chemicals, and power generation, which are subject to stringent safety regulations. Europe closely followed, accounting for approximately 30% of the market, with countries like Germany, the U.K., and France emphasizing high safety standards and precision engineering. The Asia Pacific region is witnessing rapid growth, contributing around 25% to the global market share. This surge is fueled by industrialization in countries like China and India, where expanding sectors such as oil and gas, chemicals, and manufacturing are increasing the demand for safety shut off valves to ensure operational safety and compliance with evolving regulations. Additionally, the Middle East & Africa region, representing approximately 10% of the market, is experiencing growth due to expanding oil and gas activities, particularly in countries like Saudi Arabia and the UAE. Overall, the global market is driven by the increasing emphasis on industrial safety standards and the need for reliable safety systems across various sectors.
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Metso
Honeywell
ASCO
Guide Valve Limited
GFS
Pacific Gas and Electric Company
Parker
Protectoseal
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Safety Shut-off Valves Market
Mechanical Shut-off Valves
Pneumatic Shut-off Valves
Hydraulic Shut-off Valves
Electric Shut-off Valves
Manual Actuation
Electric Actuation
Pneumatic Actuation
Hydraulic Actuation
Oil and Gas
Chemical Processing
Water and Wastewater Management
Power Generation
Mining and Metal Processing
Food and Beverage
Small (Up to 2 inches)
Medium (2 to 6 inches)
Large (6 inches and above)
Stainless Steel
Brass
Plastic
Cast Iron
Alloy
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Safety Shut-off Valves Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Safety Shut-off Valves Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Safety Shut-off Valves Market, By Type
6. Global Safety Shut-off Valves Market, By Application
7. Global Safety Shut-off Valves Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Safety Shut-off Valves Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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