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Instrumentation Valves and Fittings Market by Material, Product, Industry And Geography - Global Forecast to 2023

Instrumentation Valves and Fittings Market: Global Forecast until 2023

  • January 2018
  • 116 pages
  • ID: 4141080
In this report:
The instrumentation valves and fittings market for the healthcare industry is expected to grow rapidly at a CAGR of ##.##% between 2017 to 2023, followed by the market for the semiconductor industry (##.##% CAGR).
The market for instrumentation valves is expected to be worth USD ##,##.## million by 2023, growing at a CAGR of ##.##% during the forecast period, and the market for fittings is expected to grow at a CAGR of ##.##% and reach USD ##,##.## million by 2023.

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Instrumentation valves and fittings market to grow at high Compound annual growth rate between 2017 and 2023

The instrumentation valves and fittings market is forecasted to grow from ~$3.0B in 2017 to ~$3.5B by 2023, at a compound annual growth rate (CAGR) of 3.10 percent during 2017-2023. The main key factors driving the increase of the instrumentation valves and fittings market are increase in fracking and utilizing 1-6-inch brass or copper valves in the oil & gas sector; increase in the electronics and semiconductor market and a big number of coal-based power projects in the Asian area; and development in the sector through organic and inorganic increase strategies, including product launches and advancements, mergers and acquisitions, business developments, strategic agreements, collaborations, joint ventures (JV), and alliances. Nevertheless, the main restraints for the rise of this market are the high significance given to brand value and certification, and the growing raw material cost and shrinking profit margins slowing down the instrumentation valve market

Oil & gas market anticipated to lead instrumentation valves and fittings market between 2017 and 2023

Among different industries, oil & gas is forecasted to account for the most important size of the global instrumentation valves and fittings market between 2017 and 2023. Instrumentation valves and fittings are used in the oil & gas sector in offshore rigs, refinery plants, and gas handling systems. Increased adoption of 1-6-inch copper valves for fracking operation will boost the industry demand for instrumentation valves in the next years

Asia-Pacific anticipated to lead instrumentation valves and fittings market between 2017 and 2023

Asia-Pac is forecasted to hold the biggest size of the instrumentation valves and fittings market during the outlook period. The main drivers for the increase of this market in Asia-Pacific contain growing population, emerging economies, and the increasing adoption of instrumentation valves across end-user industries including semiconductor, oil & gas, chemicals, and healthcare. Growing demand for flow control applications from emerging economies including India, Taiwan, Indonesia (ID), and China (CN) will further boost the instrumentation valves and fittings market in the territory.

The breakup of the profiles of primary members taking part for the analysis has been provided below.

• By Company category: Tier 1 = 20.0 percent, Tier 2 = 55.0 percent, and Tier 3 = 25.0 percent

• By Description: C-suite executives = 40.0 percent and Directors/Managers = 50.0 percent

• By Area: North America continent = 35.0 percent, Asia-Pac = 45.0 percent, Europe (EU) = 15.0 percent, and RoW = 5.0 percent

Swagelok, Parker Hannifin, AS-Schneider, HAM-LET, HY-LOK Corporation, Fujikin Corporation, Bray International, Circor International, Hex Valves, Oliver Valves, SafeLOK, SSP Fittings Corporation, Braeco, Dwyer Instruments, Fitok, and Tylok International are the main players operating in the instrumentation valves and fittings market.

Segment Research

This industry report on the instrumentation valves and fittings market includes the market split on the basis of the following segments: material, product, sector, and territory. The market has been split on the basis of material into stainless steel, cast iron, alloy based, and others. On the basis of product, the instrumentation valves and fittings market has been categorized into instrumentation valves (ball valves, needle valves, check valves, manifold valves, ultraclean valves, and others), fittings (single ferrules, double ferrules, pipe fittings, flare fittings, and others), pneumatic actuators, and others. On the basis of market, the industry has been broken down into oil & gas, healthcare, pulp & paper, pharmaceuticals, food & beverages, semiconductor, energy & power, and others.

Main highlights

Figures of segmentation, study, and estimate for the market based on material, product, market, and area have been conducted to provide an global view of the instrumentation valves and fittings market.

The value chain study has been provided for a detailed insight into the instrumentation valves and fittings market.

The impact of main drivers, market restraints, alternatives, and opportunities on the instrumentation valves and fittings market has been analyzed.

The market research includes an exhaustive competitive analysis and the revenue of main actors.

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