| Product Code: ETC5212135 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for safety valves in 2024 exhibited significant growth, with a 241.36% increase from the previous year. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 31.65%. This surge in imports can be attributed to a notable demand shift towards enhanced safety measures in various industries, driving market stability and fostering trade momentum.
The Safety Valves market in Armenia is projected to grow at a high growth rate of 12.83% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Safety Valves Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Safety Valves Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Safety Valves Market - Industry Life Cycle |
3.4 Armenia Safety Valves Market - Porter's Five Forces |
3.5 Armenia Safety Valves Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Armenia Safety Valves Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.7 Armenia Safety Valves Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Armenia Safety Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent safety regulations in Armenia requiring the use of safety valves in various industries. |
4.2.2 Increasing focus on workplace safety and prevention of accidents driving the demand for safety valves. |
4.2.4 Technological advancements in safety valve design and functionality improving their efficiency and effectiveness. |
4.3 Market Restraints |
4.3.1 High initial investment required for purchasing and installing safety valves may act as a barrier for small and medium-sized enterprises. |
4.3.2 Lack of awareness about the importance of safety valves and their benefits among certain industries in Armenia. |
4.3.3 Economic fluctuations and uncertainties impacting the investment decisions of companies in safety equipment including safety valves. |
5 Armenia Safety Valves Market Trends |
6 Armenia Safety Valves Market Segmentations |
6.1 Armenia Safety Valves Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Armenia Safety Valves Market Revenues & Volume, By Steel, 2021-2031F |
6.1.3 Armenia Safety Valves Market Revenues & Volume, By Cast Iron, 2021-2031F |
6.1.4 Armenia Safety Valves Market Revenues & Volume, By Alloy, 2021-2031F |
6.1.5 Armenia Safety Valves Market Revenues & Volume, By Cryogenic, 2021-2031F |
6.1.6 Armenia Safety Valves Market Revenues & Volume, By Others (Brass, Bronze, And Plastic), 2021-2031F |
6.2 Armenia Safety Valves Market, By Size |
6.2.1 Overview and Analysis |
6.2.2 Armenia Safety Valves Market Revenues & Volume, By Up To 1? |
6.2.3 Armenia Safety Valves Market Revenues & Volume, By 1? |
6.2.4 Armenia Safety Valves Market Revenues & Volume, By 6? |
6.2.5 Armenia Safety Valves Market Revenues & Volume, By 25? |
6.2.6 Armenia Safety Valves Market Revenues & Volume, By 50? |
6.3 Armenia Safety Valves Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Armenia Safety Valves Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.3 Armenia Safety Valves Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.3.4 Armenia Safety Valves Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.5 Armenia Safety Valves Market Revenues & Volume, By Water & Wastewater, 2021-2031F |
6.3.6 Armenia Safety Valves Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.7 Armenia Safety Valves Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.8 Armenia Safety Valves Market Revenues & Volume, By Metal & Mining, 2021-2031F |
6.3.9 Armenia Safety Valves Market Revenues & Volume, By Metal & Mining, 2021-2031F |
7 Armenia Safety Valves Market Import-Export Trade Statistics |
7.1 Armenia Safety Valves Market Export to Major Countries |
7.2 Armenia Safety Valves Market Imports from Major Countries |
8 Armenia Safety Valves Market Key Performance Indicators |
8.1 Percentage increase in the number of safety valve installations across industries in Armenia. |
8.2 Compliance rate with safety regulations related to safety valves in key sectors. |
8.3 Number of reported workplace accidents related to safety valve failure. |
8.4 Adoption rate of advanced safety valve technologies in Armenia. |
8.5 Percentage of safety valve maintenance and servicing carried out as per recommended schedules. |
9 Armenia Safety Valves Market - Opportunity Assessment |
9.1 Armenia Safety Valves Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Armenia Safety Valves Market Opportunity Assessment, By Size, 2021 & 2031F |
9.3 Armenia Safety Valves Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Armenia Safety Valves Market - Competitive Landscape |
10.1 Armenia Safety Valves Market Revenue Share, By Companies, 2024 |
10.2 Armenia Safety Valves Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |