NEW YORK, Jan. 15, 2018 /PRNewswire/ -- Instrumentation
valves and fittings market to grow at high CAGR between 2017 and
2023
Read the full report: https://www.reportlinker.com/p04141080
The instrumentation valves and fittings market is expected to grow
from USD 2.95 billion in 2017 to
USD 3.54 billion by 2023, at a CAGR
of 3.1% during 2017–2023. The key factors driving the growth of the
instrumentation valves and fittings market are growth in fracking
and utilizing 1–6-inch brass or copper valves in the oil & gas
industry; growth in the electronics and semiconductor industry and
a large number of coal-based power projects in the Asian region;
and development in the industry through organic and inorganic
growth strategies, such as product launches and developments,
mergers and acquisitions, expansions, agreements, collaborations,
joint ventures, and partnerships. However, the major restraints for
the growth of this market are the high significance given to brand
value and certification, and the rising raw material cost and
shrinking profit margins slowing down the instrumentation valve
industry
Oil & gas industry expected to lead instrumentation valves
and fittings market between 2017 and 2023
Among various industries, oil & gas is expected to account for
the largest size of the overall instrumentation valves and fittings
market between 2017 and 2023. Instrumentation valves and fittings
are used in the oil & gas industry in offshore rigs, refinery
plants, and gas handling systems. Increased adoption of 1–6-inch
copper valves for fracking operation will boost the demand for
instrumentation valves in the coming years
APAC expected to lead instrumentation valves and fittings market
between 2017 and 2023
APAC is expected to hold the largest size of the instrumentation
valves and fittings market during the forecast period. The key
drivers for the growth of this market in APAC include increasing
population, emerging economies, and the rising adoption of
instrumentation valves across end-user industries such as
semiconductor, oil & gas, chemicals, and healthcare. Increasing
demand for flow control applications from emerging economies such
as India, Taiwan, Indonesia, and China will further boost the instrumentation
valves and fittings market in the region.
The breakup of the profiles of primary participants for the report
has been given below.
• By Company Type: Tier 1 = 20%, Tier 2 = 55%, and Tier 3 = 25%
• By Designation: C-Level Executives = 40% and Directors/Managers =
50%
• By Region: North America = 35%,
APAC = 45%, Europe = 15%, and RoW
= 5%
Swagelok (US), Parker Hannifin (US),
AS-Schneider (Germany), HAM-LET
(US), HY-LOK Corporation (South
Korea), Fujikin Corporation (US), Bray International (US),
Circor International (US), Hex Valves (US), Oliver Valves (UK),
SafeLOK (UK), SSP Fittings Corporation (US), Braeco (Australia), Dwyer Instruments (US), Fitok
(China), and Tylok International
(US) are the major players operating in the instrumentation valves
and fittings market.
Research Coverage
This report on the instrumentation valves and fittings market
covers the market segmented on the basis of the following segments:
material, product, industry, and geography. The market has been
segmented 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 classified 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 industry,
the market has been segmented into oil & gas, healthcare, pulp
& paper, pharmaceuticals, food & beverages, semiconductor,
energy & power, and others.
Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market on
the basis of material, product, industry, and geography have been
conducted to provide an overall view of the instrumentation valves
and fittings market.
The value chain analysis has been provided for an in-depth insight
into the instrumentation valves and fittings market.
The impact of major drivers, restraints, opportunities, and
challenges on the instrumentation valves and fittings market has
been analyzed.
The report includes a detailed competitive landscape and the
revenue of key players.
Read the full report: https://www.reportlinker.com/p04141080
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