The global instrumentation fittings market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. 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.
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 |
Details |
Report Title |
Instrumentation Fittings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Type (Tubes and Pipes) and Application (Manufacturing, Oil & Gas, Food & Beverage, Chemical, Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
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 |
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
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.
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.
The global instrumentation fittings market has been segmented on the basis of
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.
The global instrumentation fittings market has been segmented on the basis of
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.
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