Global Instrumentation Fittings Market
Global Instrumentation Fittings Market was valued at USD xx million in 2018 and is expected to reach at USD xx million by 2026 at a CAGR of xx% over forecast period 2019-2026.
Factors such as increasing oil & gas exploration activities in MEA and APAC region, increasing focus on development of infrastructure, growth of the chemical and manufacturing industries across the globe and safety norms regarding instrumentation fittings are expected to drive the global instrumentation and fittings market over forecast period. Moreover, Instrumentation fittings helps in reducing leaks, increasing service life of equipment’s, insuring corrosion resistance makes a system safer, more reliable.
Global Instrumentation Fittings Market is by Fitting type, by End Users and by Region. By fitting type, market is segmented into pipe fittings, tube fittings, Flare Fittings, Ferrule Fittings. Among all of these tube fitting segment is expected to lead the market at a CAGR of 5.3% over forecast period due to their high adoption rate. Moreover, tube fitting has uses in various industries such as automation, manufacturing, oil & gas exploration.
By Geography, Global Instrumentation Fittings Market is segmented into APAC, MEA & Africa, Latin America, North America, and Europe. North America is leading the market share at a CAGR of xx% over forecast period thanks to presence of major players and increasing electronics and semiconductor industry in this regions. In 2018 North America instrumentation fittings market was valued US$ 620 Mn and expected to reach at US$ xx Mn by 2026. Whereas Asia Pacific valued US$ 533.9 Mn the same year. Even till 2026, these two regions will keep their dominance over forecast period. Moreover, the MEA is also expected to grow at CAGR of 6% over forecast period thanks to an increasing oil and gas exploration activities in this region.
Value chain of Global Instrumentation Fittings Market, is comprises of various activities such as Inbound logistics, manufacturing & processing, product & technology development, application and End users with multiple value chain offerings.
Companies operating in this market are AS-Schneider, Astec Valves & Fittings, Fujikin of America, Inc., Ham-Let Group, Hy-Lok USA, Inc., Parker Hannifin Corp, Swagelok Company, and World Wide Fittings, Inc. These key players are adopting various Greenfield and brownfield growth strategies such as Joint Ventures, Merger& Acquisition, Expansion, new product launches, diversification, cost cutting, market penetration, advertising and marketing, quality control, and supply chain management etc. to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of Global Instrumentation Fittings Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Instrumentation Fittings Market dynamics, structure by analysing the market segments and project the Global Instrumentation Fittings Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product Portfolio, Growth strategies, and Regional presence in the Global Instrumentation Fittings Market make the report investor’s guide.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global Instrumentation Fittings Market by Fitting Type
• Flare Fittings
• Ferrule Fittings
Global Instrumentation Fittings Market by End Users
• Oil & Gas
• Food & Beverage
Global Instrumentation Fittings Market by Region
• North America
• MEA& Africa
• Latin America
Global Instrumentation Fittings Market Key players
• Astec Valves & Fittings
• Fujikin of America, Inc.
• Ham-Let Group
• Hy-Lok USA, Inc.
• Parker Hannifin Corp
• Swagelok Company
• World Wide Fittings, Inc.
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