Press release
Instrumentation Valves and Fittings Market is Forecasted to Reach US$ 5 billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global instrumentation valves and fittings market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1147/instrumentation-valves-and-fittings-market.html#form
Report Highlights:
Market Size in 2028: US$ 5 billion
Growth (CAGR): 4.4% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Segment Insights on the Instrumentation Valves and Fittings Market:
The global instrumentation valves and fittings market is segmented based on material type, component type, end-use industry type, and region.
Based on material type - The instrumentation valves and fittings market is segmented into stainless steel, brass, carbon steel, exotic alloys, and others.
Among these material types, stainless steel (primarily SS316 grade) is expected to remain the dominant material type during the forecast period. It has been widely used in various industries for decades, and its reliability and performance are well-established. This familiarity and trust factor contribute to its continued dominance in the instrumentation valves and fittings market. Exotic alloys capture a small market share owing to their high price but are likely to witness the fastest market growth in the coming years owing to their attributes, such as corrosion resistance, high-temperature resistance, pressure resistance, and chemical compatibility, which make it suitable in many industrial applications.
Based on the component type - The market is segmented into valves, fittings, pneumatic actuators, and others.
Among these component types, valves are expected to remain the dominant sub-segment of the market during the forecast period. The growth in infrastructure projects, such as new refineries, pipelines, power plants, and water treatment facilities, directly drives the demand for instrumentation valves. These projects require a substantial number of valves to ensure proper flow control and safety. Instrumentation fittings, compared to valves, are relatively simpler components used for connecting, adapting, and securing various components within fluid and gas systems. Their functional role, while crucial, is not as diverse as that of valves. However, the market sub-segment is likely to witness the fastest growth in the years to come.
Based on the end-use industry type - The instrumentation valves and fittings market is segmented into oil & gas, energy & power, chemical, food & beverage, healthcare, pulp & paper, and others.
Among these industries, oil & gas is expected to remain the biggest demand generator in the years to come. Instrumentation valves and fittings play a vital role at every stage of the oil & gas supply chain and are used in offshore rigs, refinery plants, and gas handling systems.
To know the most attractive segments, visit:
https://www.stratviewresearch.com/1147/instrumentation-valves-and-fittings-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market for instrumentation valves and fittings during the forecast period. This growth outlook is majorly attributed to the following-
- Several emerging economies within the Asia-Pacific region, such as China, India, Japan, and South Korea, are driving the regional market through their extensive investments in various industries, such as oil & gas, automotive, power generation, chemical, pharmaceutical, semiconductors, and electronics.
- The region is home to several local companies, such as Hy-Lok CO., LTD., DK-Lok Corp., and BMT CO., LTD., along with an active presence of global market leaders, such as Swagelok and Parker Hannifin.
- In addition, North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Instrumentation Valves and Fittings Market Drivers:
Some of the key drivers listed in the report are given below.
- The market for instrumentation valves and fittings has been witnessing decent growth due to the expansion of various industries, including oil & gas, chemical, pharmaceutical, power generation, and water treatment.
- The increasing adoption of industrial automation and process control systems is driving the demand for precision instrumentation components like valves and fittings.
- These components are crucial for regulating fluid flow, pressure, and temperature in various industries where safety and environmental considerations are paramount. Such regulations drive the demand for high-quality and reliable instrumentation valves and fittings that can withstand harsh operating conditions.
Top Companies in the Instrumentation Valves and Fittings Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Swagelok Company
• PARKER-HANNIFIN CORPORATION
• Hy-Lok Co., Ltd.
• FITOK Group
• BMT Co., Ltd.
• DK-Lok Corp.
• Rotork
• Ultra Clean Holdings, Inc.
• Fujikin Incorporated
• Crane Co.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Instrumentation Valves and Fittings Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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