Global Instrumentation Valves and Fittings Market
The GMI Research forecasts that the Instrumentation Valves and Fittings Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing research and development activities pertaining to automatic components.
Introduction of the Instrumentation Valves and Fittings Market
Instrumentation valves and fittings are used mainly in the oil & gas industry, refinery plants, and gas handling systems, manufacturing facilities of the electronics and mechanical components. They are employed in industries that demand maintenance, repair, and overhaul (MRO) activities for better output.
Key Players of the Global Instrumentation Valves and Fittings Market:
- SealExcel
- Hex Valves
- AS-Schneider
- PMT Valves Pvt Ltd
- SSP Fittings
- Parker Hannifin
- Fujikin
- Bray International Inc.
- Astectubelok
- Oliver Valves
- Sugarsync, Inc.
Instrumentation Valves and Fittings Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The increasing investment in the energy sector to serve the mounting demand for energy is driving the growth of the global instrumentation valves and fittings market. In accordance with the International Energy Agency, the total investment, in 2018, in the energy sector which includes, nuclear, fossil fuel, and renewable investment, touched USD 1.85 Trillion. Also, valves and fittings are extensively used in the oil & gas industry, with an expansion in petroleum expansion for internal combustion vehicles. Rapid industrialization with the 4.0 implementation in the automation process of the manufacturing industry is the primary driver stimulating the market growth. Also, aggravating investment in the electronics & semiconductor industry with robust demand for smart and connected devices is strengthening the instrumentation valves and fittings market size. Samsung Electronics, in 2018, planned to invest over USD 53.33 Million for the next five years to assist 2,500 small and mid-sized companies to enlarge smart factories. The massive requirement of these fittings by smart factories to operate the plant pneumatically is propelling the instrumentation valves and fittings market share.
However, apprehensions concerned with the complex design and insufficient standardization with respect to manufacturing and rigorous norms to be followed by the producers of end-use industries may hamper the market growth. These rules change with specific periods resulting in heterogeneous demand that restricts the market growth. Moreover, industrial players require to achieve low-cost fabrication to remain competitive in the market. The high capital cost required to set up based on stringent standards and policies further curbs the market growth.
Instrumentation Valves and Fittings Market Segmentation:
Segmentation by Product
- Valves
- Needle Valves
- Ball Valves
- Relief valve
- Excess Flow Valves
- Plug Valves
- Metering Valves
- Others
- Actuators
- Fittings and Connectors
- Others
Segmentation by Material
- Alloy
- Stainless steel
- Cast Iron
- Others
Segmentation by End-Users
- Electronics and semiconductors
- Chemicals
- Oil & Gas
- Food & Beverages
- Healthcare
- Pulp & Paper
- Energy & Power
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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