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.

Questions Answered:

• 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?

Companies Mentioned:

• BS&B Safety Systems
• Continental Disc
• Fike
• Halma
• Pentair
• Donadon SDD
• GRUPA WOLFF
• LESER
• Mersen
• Parker Hannifin
• REMBE
• SGL
• Shanghai Hua Li Safety Device
• STRIKO Verfahrenstechnik
• TECHNETICS
• V-TEX
• ZOOK
  

Report Structure:

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

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SOURCE Research and Markets