Instrumentation Valves and Fittings Market

Instrumentation Valves and Fittings Market by Material, Product (Valves, Fittings, Actuators), Industry (Semiconductor, Oil & Gas, Food & Beverages, Chemicals, Healthcare, Pulp & Paper, Energy & Power), and Region - Global Forecast to 2025

Report Code: SE 4540 Dec, 2019, by marketsandmarkets.com

The global instrumentation valves and fittings market size is expected to grow from USD 3.2 billion in 2019 to USD 3.9 billion by 2025, at a CAGR of 3.0%. The uptrend in the oil & gas industry, mainly in the upstream sector, growth in the electronics & semiconductor industry and a large number of coal-based power projects in the Asian region, and increasing automation are creating scope for the instrumentation valves and fittings market.

Instrumentation Valves and Fittings Market

“Oil & gas to dominate global instrumentation valves and fittings market during forecast period”

Instrumentation valves and fittings are used in the oil & gas industry in offshore rigs, refinery plants, and gas handling systems. Valves and fittings used in the oil & gas industry should be able to withstand harsh environmental conditions. As a result, maintenance, repair, and operations (MRO) activities are crucial for valves used in the oil & gas industry. Oil & gas is a cyclical industry; hence, players of this industry procure instrumentation valves and fittings to minimize dependency on suppliers. Over the past few years, oil & gas products have witnessed strong demand from developing nations. Such continuously increasing demand for oil and gas products is expected to drive the instrumentation valves and fittings market.

“Market for valves to grow at highest CAGR from 2019 to 2024”

Valves play a crucial role in the growth of the instrumentation valves and fittings market. Ball valves are used extensively owing to their low pressure drop and the ability to open and close quickly. These valves are used in various transmission, storage, and gas processing applications across industries. Check valves are mainly used in wastewater, portable water, and irrigation applications; these valves also find use in process, mining, food & beverages, oil & gas, and pharmaceuticals industries. The growing use of instrumentation valves in various end-user industries, including oil & gas, healthcare, and chemicals, is fueling the growth of the valves market. As a result, the valves offerings segment is expected to grow at a higher CAGR during the forecast period.

“Stainless steel material to dominate instrumentation valves and fittings market during forecast period”

The instrumentation valves and fittings industry is expected to witness limited product development and innovation in the coming years. Productivity improvement, cost control, and solid inventory planning will be the major focus areas of the manufacturers to improve profit margins in the coming years. Manufacturers will look to incorporate new products with tough materials for construction of valve body to increase their strength, mechanical properties, and reliability while reducing the material cost during manufacturing. Instrumentation valves manufactured from stainless steel are expected to hold a major share of the instrumentation valves and fittings market during the forecast period. This is attributed owing to their high demand in the end-use industries, including oil & gas, chemicals, healthcare, and semiconductors.

“APAC instrumentation valves and fittings market to grow at highest CAGR during forecast period”

Major semiconductor players, such as Sony, Samsung, LG, and TSMC, have their presence in APAC. Instrumentation valves and fittings are used in fabrication and manufacturing processes of the semiconductor industry. The food & beverages industry in India and China is experiencing rapid growth. Many food & beverages industry players are upgrading their facilities to match international standards. Increased focus on cleanliness and hygiene will boost the demand for ultraclean valves. Hence, the penetration of instrumentation valves and fittings is expected to increase between 2019 and 2025. APAC is witnessing a surge in smart city projects, which is also creating demand for instrumentation valves and fittings products. In recent years, APAC has witnessed tremendous economic growth, political transformation, and social change. Organizations in APAC are expected to invest heavily in deploying instrumentation valves and fittings products, thus, driving the instrumentation valves and fittings market growth.

Instrumentation Valves and Fittings Market

Key Market Players

Key players in the instrumentation valves and fittings market include Swagelok (US), Parker Hannifin (US), HY-LOK Corporation (South Korea), Fujikin (Japan), Bray International (US), Circor International (US), Hex Valves (US), AS-Schneider (Germany), Ham-Let (Israel), Oliver Valves (England), and Safelok (England).

Swagelok is one of the leading developers and providers of fluid systems, including products, assemblies, and services, for oil & gas, power, chemical and petrochemical, transportation, and semiconductor industries. It reaches out to its customers through its 200+ sales and service centers located across 70 countries. The company has expertise in materials science, product design, and fluid system performance in the instrumentation valves and fittings market. Swagelok’s product development cycle focuses on addressing customer needs for new technologies and innovations for the next 3–5 years. It offers instrumentation valves and fittings solutions with exceptional quality and reliability. With the help of its expertise in material science, product design, and fluid system performance, and wide global sales and service network, the company is focusing on strengthening its market position in the instrumentation valves and fittings market. The company also focuses on providing training for improving performance, productivity, and safety, and reducing cost and environmental issues.

Report Scope

Report Metric

Details

Market Size Available for Years

2016–2025

Base Year Considered

2018

Forecast Period

2019–2025 

Forecast Units

USD Billion, USD Million, USD Thousand

Segments Covered

Product, Material, Industry, Region

Regions Covered

North America, Europe, APAC, and RoW

Companies Covered

Swagelok (US), Parker Hannifin (US), HY-LOK Corporation (South Korea), Fujikin (Japan), Bray International (US), Circor International (US), Hex Valves (US), AS-Schneider (Germany), Ham-Let (Israel), Oliver Valves (England), and Safelok (England)

Instrumentation Valves and Fittings Market Segmentation:

In this report, the instrumentation valves and fittings market has been segmented into the following categories:

By Product:

  • Valves
    • Balls
    • Needles
    • Checks
    • Plugs
    • Others
  • Fittings
  • Actuators
  • Others

By Material:

  • Stainless Steel
  • Alloy
  • Cast Iron
  • Others

By Industry:

  • Oil & Gas
  • Food & Beverages
  • Chemicals
  • Healthcare
  • Pulp & Paper
  • Energy & Power
  • Others

By Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Key Developments

  • In June 2019, CIRCOR signed an agreement to build a new facility in the Weihai Economic & Technological Development Zone (ETDZ). This strategy is to support the company’s customers in China and Asia Pacific.
  • In May 2018, Swagelok planned to construct a new global headquarters and Innovation Center. The company expects to invest between USD 30 million–USD 50 million in the campus, which will include a new, state-of-the-art innovation center, and a customer welcome center to provide the company and its global customer base with dedicated space to collaborate on fluid system technology development.
  • In August 2018, SSP Fittings Corporation launched R Series Proportional Relief Valves capable of working pressures up to 6000 psig (413 bar). These valves are available for field or factory set pressure from 10 to 6000 psig (0.69 to 413 bar) with a variety of seat material and connection options.
  • In May 2017, The Precision Fluidics Division of Parker Hannifin launched a new model in the miniature high pressure high flow proportional valve series VSO MAX HP for OEMs looking for innovation in controlling the flow of inert gasses.
  • In January 2017, Bray International Inc. acquired KSB AMRI (Malaysia), a subsidiary of KSB Pumps Ltd. (Germany). Bray International took over the production site and employees, as well as the ACRIS and AMRESIST brands of KSB AMRI under this acquisition.

Key questions addressed by the report:

  • What are the opportunities for instrumentation valves and fittings providers?
  • How much growth is expected from valves and fittings respectively in the market?
  • Who are the major current and potential competitors in the market, and what are their top priorities, strategies, and developments?
  • What are the major end-use industries of the instrumentation valves and fittings market?
  • What are the major technologies used for instrumentation valves and fittings and their impact in the instrumentation valves and fittings market and growth trends in respective technology?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
    1.1 Study Objectives
    1.2 Market Definition and Scope
    1.3 Study Scope
           1.3.1 Inclusions and Exclusions
           1.3.2 Years Considered
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary and Primary Research
           2.1.2 Secondary Data
                    2.1.2.1 Key Data From Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Key Data From Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
           2.2.3 Market Size Estimation Methodology
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in Instrumentation Valves and Fittings Market
    4.2 Market, By Industry
    4.3 Market, By Product
    4.4 Market in APAC, By Industry & Country
    4.5 Market, By Country

5 Market Overview
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Growing Requirement for Reducing Excessive Noise, Pressure, Vibration, and Cavitation in Critical Industrial Processes
                    5.1.1.2 Increasing Industrialization and Urbanization, Along With Growing Number of Smart City Initiatives
                    5.1.1.3 Rising Need for Connected Networks to Maintain and Monitor Varieties of Equipment in Plants
           5.1.2 Restraints
                    5.1.2.1 Lack of Standardization of Certification and Policies
           5.1.3 Opportunities
                    5.1.3.1 Integration of Iiot-Enabled Instrumentation Valves to Minimize Unexpected Downtime
                    5.1.3.2 Focus of Valve Manufacturers to Offer Improved Customer Services
           5.1.4 Challenges
                    5.1.4.1 Minimization of Lead Time
    5.2 Value Chain Analysis
    5.3 Industry Trends

6 Instrumentation Valves Market, By Material
    6.1 Introduction
    6.2 Stainless Steel
    6.3 Alloy Based
    6.4 Cast Iron
    6.5 Others

7 Instrumentation Valves and Fittings Market, By Product
    7.1 Introduction
    7.2 Valves
           7.2.1 Ball Valves
           7.2.2 Needle Valves
           7.2.3 Check Valves
           7.2.4 Plug Valves
           7.2.5 Other Valves
    7.3 Fittings
           7.3.1 Single Ferrule
           7.3.2 Double Ferrule
           7.3.3 Pipe Fittings
           7.3.4 Flare Fittings
           7.3.5 Others
    7.4 Pneumatic Actuators
    7.5 Others (Gaskets, Manifolds, Glands, in Line Filters)

8 Market, By Industry
    8.1 Introduction
    8.2 Oil & Gas
    8.3 Food & Beverages 
    8.4 Chemicals
    8.5 Healthcare
    8.6 Paper and Pulp
    8.7 Energy & Power
    8.8 Others

9 Market, By Region
    9.1 North America
           9.1.1 US
           9.1.2 Canada
           9.1.3 Mexico
    9.2 Europe
           9.2.1 Germany
           9.2.2 UK
           9.2.3 France
           9.2.4 Rest of Europe
    9.3 Asia-Pacific
           9.3.1 China
           9.3.2 Japan
           9.3.3 South Korea
           9.3.4 India
           9.3.5 Rest of APAC
    9.4 RoW
           9.4.1 South America
           9.4.2 Middle East
           9.4.3 Africa

10 Competitive Landscape
     10.1 Introduction 
     10.2 Market Player Ranking Analysis
     10.3 Competitive Situation and Trends
             10.3.1 New Product Launch/Development
             10.3.2 Partnerships/Agreements/Strategic Alliances/Collaborations
             10.3.3 Mergers & Acquisitions
             10.3.4 Expansions
     10.4 Competitive Leadership Mapping
             10.4.1 Visionary Leaders
             10.4.2 Dynamic Differentiators
             10.4.3 Innovators
             10.4.4 Emerging Companies

11 Company Profile
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     11.1 Swagelok
     11.2 Parker Hannifin
     11.3 Circor International
     11.4 Ham-Let
     11.5 Hy-Lok Corporation
     11.6 Bray International
     11.7 As-Schneider 
     11.8 Fujikin 
     11.9 Hex Valve
     11.10 Oliver Valves
     11.11 Safelok
     11.12 SSP Corporation
     11.13 Dwyer Instruments
     11.14 Fitok
     11.15 Other Key Players
             11.15.1 Tylok International
             11.15.2 Walter Stauffenberg GmbH & Co (Stauff)
             11.15.3 Alco Valves Group
             11.15.4 Brennan Industries
             11.15.5 Waverley Brownall

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
     12.1 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.2 Marketsandmarkets Knowledge Store: Snapshot
     12.3 Related Reports 
     12.4 Author Details


List of Tables (66 Tables)

Table 1 Control Valves Market, By Material, 2017–2025 (USD Million)
Table 2 Control Valves Market, By Size, 2017–2025 (USD Million)
Table 3 Control Valves Market, By Industry, 2017–2025 (USD Million)
Table 4 Instrumentation Valves and Fittings Market in North America for Oil & Gas Industry, By Country, 2017–2025 (USD Million)
Table 5 Market in Europe for Oil & Gas Industry, By Country, 2017–2025 (USD Million)
Table 6 Market in APAC for Oil & Gas Industry, By Country, 2017–2025 (USD Million)
Table 7 Market in RoW for Oil & Gas Industry, By Country, 2017–2025 (USD Million)
Table 8 Control Valves Market for Oil & Gas Industry, By Region, 2017–2025 (USD Million)
Table 9 Market in North America for Food & Beverages, By Country, 2017–2025 (USD Million)
Table 10 Market in Europe for Food & Beverages Industry, By Country, 2017–2025 (USD Million)
Table 11 Market in APAC for Food & Beverages Industry, By Country, 2017–2025 (USD Million)
Table 12 Market in RoW for Food & Beverages Industry, By Country, 2017–2025 (USD Million)
Table 13 Control Valves Market for Food & Beverages Industry, By Region, 2017–2025 (USD Million)
Table 14 Market in North America for Chemicals Industry, By Country, 2017–2025 (USD Million)
Table 15 Market in Europe for Chemicals Industry, By Country, 2017–2025 (USD Million)
Table 16 Market in APAC for Chemicals Industry, By Country, 2017–2025 (USD Million)
Table 17 Market in RoW for Chemicals Industry, By Country, 2017–2025 (USD Million)
Table 18 Control Valves Market for Chemicals Industry, By Region, 2017–2025 (USD Million)
Table 19 Market in North America for Healthcare Industry, By Country, 2017–2025 (USD Million)
Table 20 Market in Europe for Healthcare Industry, By Country, 2017–2025 (USD Million)
Table 21 Market in APAC for Healthcare Industry, By Country, 2017–2025 (USD Million)
Table 22 Market in RoW for Healthcare Industry, By Country, 2017–2025 (USD Million)
Table 23 Control Valves Market for Pharmaceuticals & Healthcare Industry, By Region, 2017–2025 (USD Million)
Table 24 Market in North America for Pulp & Paper Industry, By Country, 2017–2025 (USD Million)
Table 25 Market in Europe for Pulp & Paper Industry, By Country, 2017–2025 (USD Million)
Table 26 Market in APAC for Pulp & Paper Industry, By Country, 2017–2025 (USD Million)
Table 27 Market in RoW for Pulp & Paper Industry, By Country, 2017–2025 (USD Million)
Table 28 Control Valves Market for Pulp & Paper Industry, By Region, 2017–2025 (USD Million)
Table 29 Market in North America for Energy & Power Industry, By Country, 2017–2025 (USD Million)
Table 30 Market in Europe for Energy & Power Industry, By Country, 2017–2025 (USD Million)
Table 31 Market in APAC for Energy & Power Industry, By Country, 2017–2025 (USD Million)
Table 32 Market in RoW for Energy & Power Industry, By Country, 2017–2025 (USD Million)
Table 33 Control Valves Market for Energy & Power Industry, By Region, 2017–2025 (USD Million)
Table 34 Market in North America for Other Industries, By Country, 2017–2025 (USD Million)
Table 35 Market in Europe for Other Industries, By Country, 2017–2025 (USD Million)
Table 36 Market in APAC for Other Industries, By Country, 2017–2025 (USD Million)
Table 37 Market in RoW for Other Industries, By Country, 2017–2025 (USD Million)
Table 38 Control Valves Market for Water & Waste Water Treatment Industry, By Region, 2017–2025 (USD Million)
Table 39 Control Valves Market for Building & Construction Industry, By Region, 2017–2025 (USD Million)
Table 40 Control Valves Market for Metals & Mining Industry, By Region, 2017–2025 (USD Million)
Table 41 Control Valves Market for Other Industries, By Region, 2017–2025 (USD Million)
Table 42 Control Valves Market, By Region, 2017–2025 (USD Million)
Table 43 Control Valves Market in North America, By Country, 2017–2025 (USD Million)
Table 44 Control Valves Market in North America, By Industry, 2017–2025 (USD Million)
Table 45 Market in US, By Industry, 2017–2025 (USD Million)
Table 46 Market in Canada, By Industry, 2017–2025 (USD Million)
Table 47 Market in Mexico, By Industry, 2017–2025 (USD Million)
Table 48 Control Valves Market in Europe, By Country, 2017–2025 (USD Million)
Table 49 Control Valves Market in Europe, By Industry, 2017–2025 (USD Million)
Table 50 Instrumentation Valves and Fittings Market in Germany, By Industry, 2017–2025 (USD Million)
Table 51 Market in UK, By Industry, 2017–2025 (USD Million)
Table 52 Market in France, By Industry, 2017–2025 (USD Million)
Table 53 Market in Italy, By Industry, 2017–2025 (USD Million)
Table 54 Market in Rest of Europe, By Industry, 2017–2025 (USD Million)
Table 55 Control Valves Market in Asia Pacific, By Country, 2017–2025 (USD Million)
Table 56 Control Valves Market in Asia Pacific, By Industry, 2017–2025 (USD Million)
Table 57 Market in China, By Industry, 2017–2025 (USD Million)
Table 58 Market in Japan, By Industry, 2017–2025 (USD Million)
Table 59 Market in South Korea, By Industry, 2017–2025 (USD Million)
Table 60 Market in India, By Industry, 2017–2025 (USD Million)
Table 61 Market in Rest of APAC, By Industry, 2017–2025 (USD Million)
Table 62 Control Valves Market in RoW, By Region, 2017–2025 (USD Million)
Table 63 Control Valves Market in RoW, By Industry, 2017–2025 (USD Million)
Table 64 Market in South America, By Industry, 2017–2025 (USD Million)
Table 65 Market in Middle East, By Industry, 2017–2025 (USD Million)
Table 66 Market in Africa, By Industry, 2017–2025 (USD Million)


List of Figures (71 Figures)

Figure 1 Instrumentation Valves and Fittings Market Segmentation
Figure 2 Years Considered
Figure 3 Research Design
Figure 4 Research Approach
Figure 5 Key Data From Secondary Sources
Figure 6 Key Data From Primary Sources
Figure 7 Bottom-Up Approach
Figure 8 Top-Down Approach
Figure 9 Market Breakdown
Figure 10 Research Assumption
Figure 11 Market, 2017–2025 (USD Billion)
Figure 12 Market, By Industry, 2017–2025 (USD Million)
Figure 13 Market, By Product, 2017–2025 (USD Million)
Figure 14 Growing Requirement for Reducing Excessive Noise, Pressure, Vibration, and Cavitation in Critical Industrial Processes Driving Growth of Instrumentation Valves and Fittings Market
Figure 15 Oil & Gas Industry to Continue to Hold Largest Size of Market During Forecast Period
Figure 16 Valves to Lead Market, By Product, During Forecast Period
Figure 17 Oil & Gas Industry Held Largest Share of Market in APAC in 2018
Figure 18 India to Witness Highest CAGR in Market During Forecast Period
Figure 19 Market Dynamics
Figure 20 Impact Analysis of Drivers
Figure 21 Impact Analysis of Restraints
Figure 22 Impact Analysis of Opportunities
Figure 23 Impact Analysis of Challenges
Figure 24 Value Chain of Instrumentation Valves and Fittings Ecosystem
Figure 25 Instrumentation Valves Market, By Material, 2017–2025 (USD Million)
Figure 26 Stainless Steel Instrumentation Valves Market, 2017–2025 (USD Million)
Figure 27 Alloy-Based Instrumentation Valves Market, 2017–2025 (USD Million)
Figure 28 Cast Iron Instrumentation Valves Market, 2017–2025 (USD Million)
Figure 29 Instrumentation Valves Market for Other Materials, 2017–2025 (USD Million)
Figure 30 Market, By Product, 2017–2025 (USD Million)
Figure 31 Instrumentation Valves Market, By Valve Type, 2017–2025 (USD Million)
Figure 32 Ball Valves Market, 2017–2025 (USD Million)
Figure 33 Needle Valves Market, 2017–2025 (USD Million)
Figure 34 Check Valves Market, 2017–2025 (USD Million)
Figure 35 Plug Valves Market, 2017–2025 (USD Million)
Figure 36 Other Instrumentation Valves Market, 2017–2025 (USD Million)
Figure 37 Instrumentation Fittings Market, By Type, 2017–2025 (USD Million)
Figure 38 Market, By Industry, 2017–2025 (USD Million)
Figure 39 Market for Oil & Gas Industry, 2017–2025 (USD Million)
Figure 40 Market for Food & Beverages Industry, 2017–2025 (USD Million)
Figure 41 Market for Chemicals Industry, 2017–2025 (USD Million)
Figure 42 Market for Healthcare Industry, 2017–2025 (USD Million)
Figure 43 Market for Pulp & Paper Industry, 2017–2025 (USD Million)
Figure 44 Market for Energy & Power Industry, 2017–2025 (USD Million)
Figure 45 Market for Other Industries, 2017–2025 (USD Million)
Figure 46 Market, By Region, 2017–2025 (USD Million)
Figure 47 Market in North America, By Country, 2017–2025 (USD Million)
Figure 48 Market in North America, BY Industry, 2017–2025 (USD Million)
Figure 49 Market in Europe, By Country, 2017–2025 (USD Million)
Figure 50 Market in Europe, By Industry, 2017–2025 (USD Million)
Figure 51 Market in APAC, By Country, 2017–2025 (USD Million)
Figure 52 Market in APAC, By Industry, 2017–2025 (USD Million)
Figure 53 Market in RoW, By Region,2017–2025 (USD Million)
Figure 54 Market in RoW, By Industry, 2017–2025 (USD Million)
Figure 55 Market Player Ranking Analysis (2018)
Figure 56 Global Market: Competitive Situations and Trends
Figure 57 Market (Global) Competitive Leadership Mapping, 2018
Figure 58 Swagelok: Company Overview
Figure 59 Parker Hannifin: Company Overview
Figure 60 Circor International: Company Overview
Figure 61 Ham-Let: Company Overview
Figure 62 Hy-Lok Corporation: Company Overview
Figure 63 Bray International: Company Overview
Figure 64 As-Schneider: Company Overview
Figure 65 Fujikin: Company Overview
Figure 66 Hex Valve: Company Overview
Figure 67 Oliver Valves: Company Overview
Figure 68 Safelok: Company Overview
Figure 69 SSP Corporation: Company Overview
Figure 70 Dwyer Instruments: Company Overview
Figure 71 Fitok: Company Overview

The study involved four major activities for estimating the size of the instrumentation valves and fittings market. Exhaustive secondary research was done to collect information on the market, including its peer markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations; white papers, instrumentation valves and fittings-based marketing-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases.

Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s monetary chain, total pool of key players, and market segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both market and technology-oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall instrumentation valves and fittings market size, which has further been validated by primary research.

Primary Research

In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants from various key companies and organizations operating in the market.

After the complete market engineering (including calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to verify and validate the critical market numbers.

Primary research has also been conducted to identify segmentation types and key players, as well as to analyze the competitive landscape, key market dynamics (drivers, restraints, opportunities, and challenges), and major growth strategies adopted by market players. During market engineering, both top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to estimate and forecast the market, including the overall instrumentation valves and fittings market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed during the complete market engineering process to list the key information/insights throughout the report.

Instrumentation Valves and Fittings Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall market and other dependent submarkets listed in this report. Extensive qualitative and quantitative analyses have been performed during market engineering to list key information/insights.

Major players in the instrumentation valves and fittings market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This involved studying the annual and financial reports of top market players, and interviews with industry experts (such as CEOs, vice presidents, directors, and marketing executives) for key insights—both quantitative and qualitative.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Data Triangulation

After arriving at the overall instrumentation valves and fittings market size through the process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives

    • To define and describe the market, in terms of value, by product, material, size, industry, and geography
    • To forecast the instrumentation valves and fittings market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
    • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
    • To identify the opportunities for various stakeholders such as instrumentation valves and fittings system manufacturers, component suppliers, and brand product manufacturers by identifying high-growth segments and emerging use cases of themarket
    • To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
    • To strategically profile key players and comprehensively analyze their market position in
      terms of ranking and core competencies, along with detailing the competitive landscape of the market
    • To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the market

    Available Customization

    With the given market data, MarketsandMarkets offers customizations according to companies’ specific needs. The following customization options are available for the report.

    • Detailed analysis and profiling of additional market players (up to 5)
Report Code
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