Report Code : CVMI24071952 | Published Date : July 16, 2024
The Tank Relief Valve Market is experiencing steady growth, fueled by increasing demand for pressure management solutions in storage tanks, heightened regulatory compliance, and advancements in valve technology. Valued at USD XX billion in 2023, the market is projected to grow at a CAGR of XX% from 2024 to 2031, potentially reaching USD XX billion by 2031.
Key Market Insights
Tank relief valves are essential components used to prevent overpressure or vacuum conditions in storage tanks across various industries, including oil and gas, chemicals, pharmaceuticals, and food processing. The adoption of automated pressure relief systems and corrosion-resistant materials is fostering innovation in the market. Additionally, stringent safety regulations for tank storage systems are increasing demand for high-performance relief valves valves.
Growth Drivers
- Rising Stringency in Safety Regulations – Compliance with EPA, OSHA, and ISO standards is driving the adoption of high-precision pressure relief systems valves.
- Expanding Oil and Gas and Chemical Storage Sectors – The growing demand for secure storage and pressure management in hazardous material tanks is driving market growth.
- Advancements in Automated and Smart Valve Technologies – The development of IoT-enabled and self-regulating relief valves enhances tank safety and operational efficiency.
- Growing Adoption of Corrosion-Resistant and High-Durability Materials – The use of stainless steel, composite coatings, and polymer-based valves enhances longevity and performance.
Regional Trends
- North America excels due to stringent industrial safety standards and expanding chemical processing industries.
- Europe is expanding with significant investments in petrochemicals and energy storage facilities.
- The Asia-Pacific region is experiencing rapid growth, fueled by the expansion of manufacturing and industrial storage infrastructure.
- Latin America and the Middle East & Africa are emerging markets benefiting from increased oil storage and refining capacities.
ClearView Market Insights Analysis
The Tank Relief Valve Market is set for continuous expansion, driven by increasing safety regulations, advancements in smart valve technology, and rising demand for pressure management solutions. Companies investing in automated relief valve systems, durable materials, and global safety compliance will dominate this evolving sector.
Reasons To Buy
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Scope
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Key Players
- Emerson Electric Co.
- Parker Hannifin Corporation
- The Weir Group PLC
- Flowserve Corporation
- Curtiss-Wright Corporation
Global Tank Relief Valve Market Report
- 1. Global Tank Relief Valve Market Research Report
- 1.1 Study Objectives
- 1.2 Global Tank Relief Valve Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2.1 Global Tank Relief Valve Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Type
- 2.1.2 By Material
- 2.1.3 By Application
- 2.1.4 By End User
- 2.1.5 By Manufacturing Process
- 2.1.6 By Pressure Range
- 2.1.7 By Control Method
- 2.1.8 By Region
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Type, By Material, By Application, By End User, By Manufacturing Process, By Pressure Range, By Control Method, By Country
- 3.3. Opportunities – By Type, By Material, By Application, By End User, By Manufacturing Process, By Pressure Range, By Control Method, By Country
- 3.4. Trends – By Type, By Material, By Application, By End User, By Manufacturing Process, By Pressure Range, By Control Method, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Global Tank Relief Valve Market Research Report – DROTs Impact Analysis
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.1 Spring-Loaded
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Pilot-Operated
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Deadweight
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Stainless Steel
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Aluminum
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Plastic
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 Composite
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Automotive
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Industrial
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Aerospace
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.4 Healthcare
- 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 OEMs
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2 Aftermarket
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.1 Casting
- 9.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.2 Machining
- 9.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.3 Stamping
- 9.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 10.1 Low Pressure
- 10.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 10.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 10.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 10.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 10.2 Medium Pressure
- 10.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 10.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 10.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 10.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 10.3 High Pressure
- 10.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 10.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 10.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 10.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.1 Manual
- 11.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.2 Automated
- 11.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.3 Semi-Automated
- 11.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 12.1 North America
- 12.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 12.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 12.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 12.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 12.2 Europe
- 12.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 12.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 12.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 12.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 12.3 Asia-Pacific
- 12.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 12.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 12.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 12.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 12.4 Latin America
- 12.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 12.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 12.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 12.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 12.5 Middle East & Africa
- 12.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 12.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 12.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 12.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 12.6 Global Tank Relief Valve Market - Opportunity Analysis Index, By Type, By Material, By Application, By End User, By Manufacturing Process, By Pressure Range, By Control Method, and Region, 2024 - 2031
- 13.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Spring-Loaded
- 13.1.2 Pilot-Operated
- 13.1.3 Deadweight
- 13.2.1 Stainless Steel
- 13.2.2 Aluminum
- 13.2.3 Plastic
- 13.2.4 Composite
- 13.3.1 Automotive
- 13.3.2 Industrial
- 13.3.3 Aerospace
- 13.3.4 Healthcare
- 13.4.1 OEMs
- 13.4.2 Aftermarket
- 13.5.1 Casting
- 13.5.2 Machining
- 13.5.3 Stamping
- 13.6.1 Low Pressure
- 13.6.2 Medium Pressure
- 13.6.3 High Pressure
- 13.7.1 Manual
- 13.7.2 Automated
- 13.7.3 Semi-Automated
- 13.8.1 United States
- 13.8.2 Canada
13.10 Regional Trends Analysis
13.11 North America Global Tank Relief Valve Market Research Report - Company Profiles- 13.11.1 Company 1 (United States)
- 13.11.2 Company 2 (Canada)
- 13.11.3 Company 3 (Canada)
- 14.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 14.1.1 Spring-Loaded
- 14.1.2 Pilot-Operated
- 14.1.3 Deadweight
- 14.2.1 Stainless Steel
- 14.2.2 Aluminum
- 14.2.3 Plastic
- 14.2.4 Composite
- 14.3.1 Automotive
- 14.3.2 Industrial
- 14.3.3 Aerospace
- 14.3.4 Healthcare
- 14.4.1 OEMs
- 14.4.2 Aftermarket
- 14.5.1 Casting
- 14.5.2 Machining
- 14.5.3 Stamping
- 14.6.1 Low Pressure
- 14.6.2 Medium Pressure
- 14.6.3 High Pressure
- 14.7.1 Manual
- 14.7.2 Automated
- 14.7.3 Semi-Automated
- 14.8.1 Germany
- 14.8.2 United Kingdom
- 14.8.3 France
- 14.8.4 Spain
- 14.8.5 Italy
- 14.8.6 Russia
- 14.8.7 Netherlands
- 14.8.8 Poland
- 14.8.9 Rest of Europe
14.10 Regional Trends Analysis
14.11 Europe Global Tank Relief Valve Market Research Report - Company Profiles- 14.11.1 Company 1 (Germany)
- 14.11.2 Company 2 (United Kingdom)
- 14.11.3 Company 3 (United Kingdom)
- 15.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 15.1.1 Spring-Loaded
- 15.1.2 Pilot-Operated
- 15.1.3 Deadweight
- 15.2.1 Stainless Steel
- 15.2.2 Aluminum
- 15.2.3 Plastic
- 15.2.4 Composite
- 15.3.1 Automotive
- 15.3.2 Industrial
- 15.3.3 Aerospace
- 15.3.4 Healthcare
- 15.4.1 OEMs
- 15.4.2 Aftermarket
- 15.5.1 Casting
- 15.5.2 Machining
- 15.5.3 Stamping
- 15.6.1 Low Pressure
- 15.6.2 Medium Pressure
- 15.6.3 High Pressure
- 15.7.1 Manual
- 15.7.2 Automated
- 15.7.3 Semi-Automated
- 15.8.1 China
- 15.8.2 Japan
- 15.8.3 India
- 15.8.4 South Korea
- 15.8.5 Australia & NZ
- 15.8.6 ASEAN
- 15.8.7 Rest of Asia-Pacific
15.10 Regional Trends Analysis
15.11 Asia-Pacific Global Tank Relief Valve Market Research Report - Company Profiles- 15.11.1 Company 1 (China)
- 15.11.2 Company 2 (Japan)
- 15.11.3 Company 3 (Japan)
- 16.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 16.1.1 Spring-Loaded
- 16.1.2 Pilot-Operated
- 16.1.3 Deadweight
- 16.2.1 Stainless Steel
- 16.2.2 Aluminum
- 16.2.3 Plastic
- 16.2.4 Composite
- 16.3.1 Automotive
- 16.3.2 Industrial
- 16.3.3 Aerospace
- 16.3.4 Healthcare
- 16.4.1 OEMs
- 16.4.2 Aftermarket
- 16.5.1 Casting
- 16.5.2 Machining
- 16.5.3 Stamping
- 16.6.1 Low Pressure
- 16.6.2 Medium Pressure
- 16.6.3 High Pressure
- 16.7.1 Manual
- 16.7.2 Automated
- 16.7.3 Semi-Automated
- 16.8.1 Brazil
- 16.8.2 Mexico
- 16.8.3 Argentina
- 16.8.4 Peru
- 16.8.5 Colombia
- 16.8.6 Rest of Latin America
16.10 Regional Trends Analysis
16.11 Latin America Global Tank Relief Valve Market Research Report - Company Profiles- 16.11.1 Company 1 (Brazil)
- 16.11.2 Company 2 (Mexico)
- 16.11.3 Company 3 (Mexico)
- 17.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 17.1.1 Spring-Loaded
- 17.1.2 Pilot-Operated
- 17.1.3 Deadweight
- 17.2.1 Stainless Steel
- 17.2.2 Aluminum
- 17.2.3 Plastic
- 17.2.4 Composite
- 17.3.1 Automotive
- 17.3.2 Industrial
- 17.3.3 Aerospace
- 17.3.4 Healthcare
- 17.4.1 OEMs
- 17.4.2 Aftermarket
- 17.5.1 Casting
- 17.5.2 Machining
- 17.5.3 Stamping
- 17.6.1 Low Pressure
- 17.6.2 Medium Pressure
- 17.6.3 High Pressure
- 17.7.1 Manual
- 17.7.2 Automated
- 17.7.3 Semi-Automated
- 17.8.1 Saudi Arabia
- 17.8.2 UAE
- 17.8.3 South Africa
- 17.8.4 Egypt
- 17.8.5 Israel
- 17.8.6 Rest of Middle East and Africa
17.10 Regional Trends Analysis
17.11 Middle East & Africa Global Tank Relief Valve Market Research Report - Company Profiles- 17.11.1 Company 1 (Saudi Arabia)
- 17.11.2 Company 2 (UAE)
- 17.11.3 Company 3 (UAE)
- 18.1 Strategic Dashboard of Top Market Players
18.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)- 18.2.1 Emerson Electric Co.
- 18.2.2 Parker Hannifin Corporation
- 18.2.3 The Weir Group PLC
- 18.2.4 Flowserve Corporation
- 18.2.5 Curtiss-Wright Corporation
20. Principal Presumptions and Acronyms