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According to the 2016 rupture disc market 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 disc market the preferred choice among many industries.Complete report on rupture disc market spread across 87 pages, analyzing 5 major companies and providing 51 data exhibits are now available at http://www.rnrmarketresearch.com/global-rupture-disc-market-2016-2020-market-report.html
The rupture disc market study estimates that due to the extensive use of rupture discs in the oil and gas and power industries, the energy sector will be the major end-user segment of the rupture disc market throughout the next four years. The expansion of the power generation industry in the developing countries such as India and countries in regions such as Northern Africa and the Middle East, will also fuel the growth of the market.
The analysts forecast global rupture disc market to grow at a CAGR of 1.77% during the period 2016-2020. The exploitation of groundwater resources and the lack of regulations for the disposal of industrial wastewater in several countries in APAC is also leading to the contamination of natural reservoirs. The growing awareness towards the need to reduce river water contamination has induced several governments across the globe to increase their investments in developing industrial and municipal water treatment infrastructure, which will in turn, drive the demand for rupture disks. Order a copy of Global Rupture Disc Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=722272
The following companies are the key players in the global rupture disc market: BS&B Safety Systems, Continental Disc, Fike, Halma, and Pentair. Other prominent vendors in the market are: Donadon SDD, GRUPA WOLFF, LESER, Mersen, Parker Hannifin, REMBE, SGL, Shanghai Hua Li Safety Device, STRIKO Verfahrenstechnik, TECHNETICS, V-TEX, and ZOOK.
APAC will be the major revenue contributor to rupture disc market throughout the forecast period. The rising urbanization that has resulted in increasing the demand for automobiles, housing, and electrical equipment that consequently drives the demand for power and the increase in the growth of several industries including oil and gas, power, chemical, and food and beverage, will propel the growth of the rupture disc market in this region.
Global Rupture Disc Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the demand for rupture discs from various end-user segments.
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