The analysts forecast global rupture disc market to grow at a CAGR of 1.77% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global rupture disc market for 2016-2020. To calculate the market size, the report considers the demand for rupture discs from various end-user segments.
A rupture disc is a non-reclosing pressure relief device that is used to protect a pressure vessel or process system from over pressurization. It is used in production process systems across the oil and gas, chemical, power, pharmaceutical, food and beverage, pulp and paper, and aviation industries. A rupture disc controls and expels the excess pressure generated by the flow of fluids, gas, or steam in the process system by rupturing. It is used across industries because it is lightweight and leak-proof and fulfills low-cost, high-performance speed, and lower maintenance requirements.
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The market is divided into the following segments based on geography:
This report, Global Rupture Disc Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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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.
According to the 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 discs the preferred choice among many industries.