Emergency Venting System Market By Product Type (Pressure Relief Vents, Emergency Pressure Relief Valves, Flame Arrestors, Breather Valves); By Material (Stainless Steel, Aluminum, Carbon Steel, Others [e.g., plastics, composites]); By Application (Storage Tanks, Process Vessels, Reactors, Pipelines); By End-Use Industry (Oil & Gas, Chemicals & Petrochemicals, Power Generation, Pharmaceuticals, Food & Beverage, Water & Wastewater Treatment, Others [e.g., mining, transportation]); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The emergency venting system market was worth USD 1.97 billion in 2023 and will be worth USD 3.45 billion by 2030, growing at a CAGR of 6.41% during the forecast period.

 

The global emergency venting system market is propelled by the growing concerns for industrial safety standards and the growing uptake of safety measures across risky industries such as the oil & gas, chemical, and power industries. The global incidence of industrial explosions and hazardous material leakage in 2023 forced governments to increase safety measures, thereby increasing the need for emergency venting systems. For instance, in the oil and gas industry, simple concerns such as tank overpressure, which may cause failure of pressure vessels, there would be emergency venting systems to avail pressure relief to help prevent explosion. One recent development has been the enhancements to the smart venting systems with displays and sensor elements in addition to IoT components for real time pressure regulation and monitoring of tanks and other industrial vessels. This is especially true in industrial chemical plants where pressure control is critical for safety.

 

A significant opportunity in the Emergency Venting System market lies in the rising demand from the oil & gas and chemical industries, which are increasingly focusing on safety enhancements to prevent industrial accidents. As the global oil and gas industry is worth more than $4 trillion, the essential safety standards are forcing organizations to spend on enhanced venting systems to address the overpressure conditions. Another new development is the integration of IoT in venting systems, where customers can monitor pressure changes and open vents automatically when pressure increases beyond usual levels. For instance, in the refineries, they assist in avoiding the overall failure of equipment by providing pressure release as soon as possible, hence upgrading safety and legal concerns in dangerous zones.

 

Market Segmentation

By Product Type:

• Pressure Relief Vents

• Emergency Pressure Relief Valves

• Flame Arrestors

• Breather Valves

 

By Material:

• Stainless Steel

• Aluminum

• Carbon Steel

• Others (e.g., plastics, composites)

 

By Application:

• Storage Tanks

• Process Vessels

• Reactors

• Pipelines

 

By End-Use Industry:

• Oil & Gas

• Chemicals & Petrochemicals

• Power Generation

• Pharmaceuticals

• Food & Beverage

• Water & Wastewater Treatment

• Others (e.g., mining, transportation)

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

North America is leading the global Emergency Venting System market because of highly established stringent industrial safety policies and abundant key industries like oil & gas, chemical, and power sectors. Various governmental organizations, such as the Occupational Safety and Health Administration (OSHA) and the Environmental Protection Agency (EPA), establish safety requirements concerning the use of emergency venting in likely hazardous sites. In 2023, the larger market share was observed in North America because of the region’s high oil production, which was over 12 million barrels per day, thus necessitating effective safety systems. A recent development includes integrating smart venting solutions in U.S. chemical plants, where IoT-enabled systems provide real-time pressure monitoring and automated safety measures, ensuring compliance with evolving safety protocols. It also amplifies the security innovation factor that already puts North America at a vantage point in the market.

 

Key Players

• Emerson Electric Co.

• Pentair PLC

• Elmac Technologies

• BS&B Safety Systems

• Cashco, Inc.

• Valve Concepts, Inc.

• Motherwell Tank Protection

• Enardo (A Division of Emerson)

• Sidrabe

 

Emergency Venting System Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 1.97 billion
Revenue Forecast in 2030	USD 3.45 billion
Overall Growth Rate	CAGR of 6.41%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Product Type, By Material, By Application, By End-use Industry, By Region
By Product Type	Pressure Relief Vents, Emergency Pressure Relief Valves, Flame Arrestors
By Material	Stainless Steel, Aluminum, Carbon Steel
By Application	Storage Tanks, Process Vessels, Pipelines
By End-use Industry	Oil & Gas, Chemicals, Power Generation, Food & Beverage
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.