Players operating in the instrumentation valves and fittings market are Swagelok (US), Parker Hannifin (US), HY-LOK Corporation (South Korea), Fujikin Corporation (US), Circor International (US), Dwyer Instruments (US), Hex Valves (US), Fitok (China), Hex Valves (US), and Bray International (US).
The instrumentation valves and fittings market is expected to grow from USD 2.95 billion in 2017 to USD 3.54 billion by 2023, instrumentation valves and fittings market at a CAGR of 3.1% during 2017–2023.
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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.
Instrumentation valves and fittings Market by Technology (Imaging Solution, Display), Vertical (Healthcare and Medical, Defense and Security, Media and Entertainment, Architecture and Engineering, Industrial), and Geography - Global Forecast to 2023 at www.rnrmarketresearch.com/contacts/681509
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.
Key Target Audience:
- Raw material and manufacturing equipment suppliers
- Instrumentation valve players
- End-user industry players
The overall instrumentation valves and fittings market was dominated by Swagelok (US), Parker Hannifin (US), HY-LOK Corporation (South Korea), Fujikin Corporation (US), Circor International (US), Dwyer Instruments (US), Hex Valves (US), Fitok (China), Hex Valves (US), and Bray International (US).
Bottom-Up Approach and Top-Down Approach
Market Breakdown and Data Triangulation
Key Data From Secondary Sources
Key Data From Primary Sources
Key Point from Table of Content
6 Market By Material
6.2 Stainless Steel
6.3 Cast Iron
6.4 Alloy Based
7 Market By Product
7.2 Valves (Ball, Needle, Check, Manifold, Ultraclean, Others)
7.3 Fittings (Double Ferrule, Sinlge Ferrule, Pipe Fitting, Flare Fitting, Others)
7.4 Pneumatic Actuator
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