The growing
demand for industrial flow control solutions for all fluids and gases in
numerous sectors such as oil and gas, water and wastewater, chemical plants,
naval, power generation, paints, iron and steel, and resins is expanding the
growth of the valves and fittings market. IndustryARC's findings reveal that the
global valves & fittings market size was at $3.28 billion in 2018, and its value will increment at a CAGR of 3.56% over the forecast period 2019-2025.
The report is titled: “Valves and Fittings Market: By Type ( Valves, Fittings and Actuators);
By Material ( Stainless Steel, Cast Iron, Alloy Based and Others); By End Users
( Chemical, Oil & Gas, Pharmaceuticals, Semiconductors, Nuclear Energy,
Pulp and Paper, Food and Beverages), & By Geography – Forecast
(2019-2025).” It incorporates an in-depth assessment of the competitive
landscape, product market sizing, product benchmarking, market trends, product
developments, financial analysis, and strategic analysis to gauge the impact forces
and potential opportunities of the global valves & fittings market.
Global
Valves & Fittings Market: Demand Analysis
Valves enable command on starting and stopping the flow of fluid.
A diverse range of valves is available which includes hydraulic valves,
pneumatic valves, solenoid valves, and motor valves. Poppet valves are mostly
used in the modern internal combustion engines of fossil fuel powered vehicles.
Modern control valves are preferred to regulate the pressure associated with
the sophisticated automation systems.
Global
Valves & Fittings Market: Leading Segments
Asia-Pacific region
held the leading demand share of about 28.21% in 2018. And, it is foreseen to retain the
dominant position in the near future too. According to the Federation of Indian Chambers of
Commerce & Industry, India alone accounts for a share of 2.5% in
the global valves market. There was an increase in import value of pipe fittings from $16.69 million
in 2016 to $17.63 million as of 2017. China held the largest share in pipe
fittings import value among other Asian countries with $894,889 in 2018. It was
the leading exporter of industrial valves which excludes pressure-reducing
valves, and thermostatically controlled valves with a value of $11.3 million
in 2018.
The oil and gas and chemical industries make up the key segments of the valves and fittings market, with the collective value increasing at a CAGR of
3.16% during the forecast period. Flow control valve plays a key role in the complex
petrochemical process to adjust the flow rate of the fluid. Emerging demand for
the gas valves and fittings in the oil & gas industry is driving the growth
of global valves & fittings market. Hydraulic fittings are the choice made
by the efficient engineers for specific oil and gas hydraulic applications.
Global
Valves & Fittings Market: Disruptive Trends
o
Extensive use of butterfly valves in the
oil & gas industry and automation industry is booming the growth of global
valves market.
o
Check
valves are set to grow with a CAGR of 7% up
to 2022, as it pulls down the damaging of equipment and avoids disruption in the
process as well
o
Hydraulic fittings are highly adopted in
the oil and gas industry as they resist to the severe environment and also
prevent corrosion
Global
Valves & Fittings Market: Competitive Landscape
Some of the chief
companies recognized in the report which are currently holding majority shares
in the global valves & fittings market are Parker Hannifin, HY-LOK
Corporation, Fujikin Corporation, Circor International , Dwyer Instruments ,
Oliver Valves, Astectubelok, Bray International, Fitok, and Hex Valves.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=18680
Related Reports:
A.
Instrumentation
Valves and Fittings Market
https://www.industryarc.com/Report/16571/instrumentation-valvesfittings-market.html
B.
Valves, Actuators and Positioners Market
https://www.industryarc.com/Report/1298/valves-actuators-positioners-market-analysis-report.html
What can you
expect from the report?
The valves & fittings market is prepared
with the main agenda to cover the following 20 points:
1. Market Size
by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends
& Relevant Market Data 12. Country level Analysis
3. Manufacturer
Landscape 13. Competitor Analysis
4. Distributor
Landscape 14. Market Shares Analysis
5. Pricing
Analysis 15. Value Chain Analysis
6. Top 10 End
user Analysis 16. Supply Chain Analysis
7. Product
Benchmarking 17. Strategic Analysis
8. Product
Developments 18. Current & Future Market
Landscape Analysis
9. Mergers &
Acquisition Analysis 19. Opportunity Analysis
10. Patent
Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide customized
reports and charge additionally for limited customization?
Response: Yes,
we can customize the report by extracting data from our database of reports and
annual subscription databases. We can provide the following free customization:
1. Increase the
level of data in application or end user industry.
2. Increase the
number of countries in geography chapter.
3. Find out
market shares for other smaller companies or companies which are of interest to
you.
4. Company
profiles can be requested based on your interest.
5. Patent
analysis, pricing, product analysis, product benchmarking, value and supply
chain analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
To request for a
proposal, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=18680
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.