Pressure Pilot Market Size, Drivers Analysis, Trends, Insights, Forecast till 2032
According to Fact.MR, a market research and competitive intelligence provider, the global pressure pilot market was valued at USD 1.23 billion in 2022 and is expected to grow at an impressive CAGR of 6.1% from 2022 to 2032. This growth is driven by the significant safety and functional advantages provided by pressure pilots. Pressure pilot systems are essential for safeguarding pressurized vessels or systems during overpressure events. Due to stringent government standards and safety requirements in critical end-user operations, there is a high demand for pressure pilots, not only for new installations but also for retrofits. The use of pressure pilot systems has notably increased in the operations of oil & gas and chemical companies for fluid management. In 2020, the global revenue of the chemical industry reached USD 3.9 trillion. Pressure pilots are crucial in the chemical industry, and as the industry grows, the demand for pressure pilots is expected to rise...