Report Description
Instrumentation Fittings Market Outlook 2031
The global instrumentation fittings market size was valued at USD 2.58 Billion in 2022 and is anticipated to reach USD 3.58 Billion by 2031, expanding at a robust CAGR of 3.7% during the forecast period, 2023-2031. The growth of the market is attributed to rising awareness about its benefits such as easy installation, reliability, and robustness.
Instrumentation fitting provides leak-proof and torque-free seal at all tubing connections. They are used to transfer, measure and control system flow, pressure, temperature, and provide system calibration. Fittings, valves, and tubing are the vital parts of the instrumentation system.
These fittings are easy to install and require no special tools in the process. Moreover, they are re-usable and can withstand heavy impulse and vibration both in vacuum and pressure systems. Instrumentation fittings are available in variety of designs and materials. They are used across various industries such as oil & gas, chemical, paper and pulp, food and beverages, pharmaceuticals, and semiconductor.
Instrumentation Fittings Market Trends, Drivers, Restraints, and Opportunities
- Increasing focus on development of infrastructure is anticipated to propel the market growth during the forecast period.
- Rapid growth of the manufacturing and chemical industries is expected to influence the growth of the market.
- Higher cost in the manufacturing of precision components can restrain the market growth.
- Unavailability of raw material impede the growth of the market in the projected timeline
- Growing cost of high quality is products can hinder the growth of the market.
- The growing trend of utilizing confined chambers, which are used for remedying various disorders affecting the growth of its market in the future additionally designed fittings seamlessly integrate its function to gain higher number of customer in the market.
Scope of Instrumentation Fittings Market Report
The report on the global instrumentation fittings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Instrumentation Fittings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Tubes and Pipes) and Application (Manufacturing, Oil & Gas, Food & Beverage, Chemical, Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Allied International S.R.L, As-Schneider, Astec Valves & Fittings, BMT Superlok Asia Pte Ltd, Fujikin of America, Inc, Ham-Let Group, Hoke, Hy-Lok Usa, Parker Hannifin, Swagelok Company, Vesbo Asia Pte Ltd, and World Wide Fittings Inc
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Instrumentation Fittings Market Segment Insights
Types Segment Analysis
Based on types, the global instrumentation fitting market is divided into tubes and pipes. Pipes play a crucial role in the growth of the market. They are used extensively owing to their durability and abrasion resistance.
Pipes fittings are used in various industries such as transmission, irrigation, and gas processing. Growing use of pipes fittings in various end-user industries, including oil & gas, healthcare, and chemicals, is fueling the growth of the market
Applications Segment Analysis
Based on applications, the global instrumentation fitting market is divided into manufacturing, oil & gas, food & beverage, chemical, and others. The food & beverage segment accounted for a key share of the market.
However, the oil & gas segment is anticipated to expand at a rapid pace during the forecast period. Rising number of wells in North America and the Middle East & Africa is driving the segment growth.
Regional Outlook
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is a large consumer and a producer of natural gas, and the market in this region is dominated by the US. The country was the world’s largest producer and consumer of natural gas in 2019.
Moreover, the shale gas industry boom in North America, contributed to the significant growth of the oil & gas industry in the region until 2019. However, the entire world was strongly hit by the COVID-19 pandemic in 2020, resulting in health and economic crisis.
Segments
The global instrumentation fittings market has been segmented on the basis of
Types
Applications
- Manufacturing
- Oil & Gas
- Food & Beverage
- Chemical
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
The major players of the market are Allied International S.R.L, As-Schneider, Astec Valves & Fittings, BMT Superlok Asia Pte Ltd, Fujikin of America, Inc, Ham-Let Group, Hoke, Hy-Lok Usa, Parker Hannifin, Swagelok Company, Vesbo Asia Pte Ltd, World Wide Fittings Inc. Companies are engaging in mergers, acquisitions, and partnerships to expand their market share.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Instrumentation Fittings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Instrumentation Fittings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Instrumentation Fittings Market - Supply Chain
4.5. Global Instrumentation Fittings Market Forecast
4.5.1. Instrumentation Fittings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Instrumentation Fittings Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Instrumentation Fittings Market Absolute $ Opportunity
5. Global Instrumentation Fittings Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Instrumentation Fittings Market Size and Volume Forecast by Types
5.3.1. Tubes
5.3.2.
Pipes
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Instrumentation Fittings Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Instrumentation Fittings Market Size and Volume Forecast by Applications
6.3.1. Manufacturing
6.3.2.
Oil & Gas
6.3.3.
Food & Beverage
6.3.4.
Chemical
6.3.5.
Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Instrumentation Fittings Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Instrumentation Fittings Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Instrumentation Fittings Demand Share Forecast, 2019-2026
8. North America Instrumentation Fittings Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Instrumentation Fittings Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Instrumentation Fittings Market Size and Volume Forecast by Types
8.4.1. Tubes
8.4.2.
Pipes
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Instrumentation Fittings Market Size and Volume Forecast by Applications
8.7.1. Manufacturing
8.7.2.
Oil & Gas
8.7.3.
Food & Beverage
8.7.4.
Chemical
8.7.5.
Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Instrumentation Fittings Demand Share Forecast, 2019-2026
9. Latin America Instrumentation Fittings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Instrumentation Fittings Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Instrumentation Fittings Market Size and Volume Forecast by Types
9.4.1. Tubes
9.4.2.
Pipes
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Instrumentation Fittings Market Size and Volume Forecast by Applications
9.7.1. Manufacturing
9.7.2.
Oil & Gas
9.7.3.
Food & Beverage
9.7.4.
Chemical
9.7.5.
Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Instrumentation Fittings Demand Share Forecast, 2019-2026
10. Europe Instrumentation Fittings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Instrumentation Fittings Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Instrumentation Fittings Market Size and Volume Forecast by Types
10.4.1. Tubes
10.4.2.
Pipes
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Instrumentation Fittings Market Size and Volume Forecast by Applications
10.7.1. Manufacturing
10.7.2.
Oil & Gas
10.7.3.
Food & Beverage
10.7.4.
Chemical
10.7.5.
Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Instrumentation Fittings Demand Share Forecast, 2019-2026
11. Asia Pacific Instrumentation Fittings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Instrumentation Fittings Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Instrumentation Fittings Market Size and Volume Forecast by Types
11.4.1. Tubes
11.4.2.
Pipes
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Instrumentation Fittings Market Size and Volume Forecast by Applications
11.7.1. Manufacturing
11.7.2.
Oil & Gas
11.7.3.
Food & Beverage
11.7.4.
Chemical
11.7.5.
Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Instrumentation Fittings Demand Share Forecast, 2019-2026
12. Middle East & Africa Instrumentation Fittings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Instrumentation Fittings Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Instrumentation Fittings Market Size and Volume Forecast by Types
12.4.1. Tubes
12.4.2.
Pipes
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Instrumentation Fittings Market Size and Volume Forecast by Applications
12.7.1. Manufacturing
12.7.2.
Oil & Gas
12.7.3.
Food & Beverage
12.7.4.
Chemical
12.7.5.
Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Instrumentation Fittings Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Instrumentation Fittings Market: Market Share Analysis
13.2. Instrumentation Fittings Distributors and Customers
13.3. Instrumentation Fittings Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Allied International S.R.L
13.4.2.
Astec Valves & Fittings
13.4.3.
BMT Superlok Asia Pte Ltd
13.4.4.
Fujikin of America
13.4.5.
Ham-Let Group
13.4.6.
Hoke
13.4.7.
Hy-Lok Usa
13.4.8.
Parker Hannifin
13.4.9.
Swagelok Company
13.4.10.
Vesbo Asia Pte Ltd