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.
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A. Instrumentation Valves and Fittings Market
B. Valves, Actuators and Positioners Market
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
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