HOME Top Market Reports Instrumentation Valves and Fittings Market by Material, Product (Valves, Fittings, Pneumatic Actuators), Industry (Semiconductor, Oil & Gas, Food & Beverages, Chemicals, Healthcare, Pulp & Paper, Energy & Power), and Geography - Global Forecast to 2023

Instrumentation Valves and Fittings Market by Material, Product (Valves, Fittings, Pneumatic Actuators), Industry (Semiconductor, Oil & Gas, Food & Beverages, Chemicals, Healthcare, Pulp & Paper, Energy & Power), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: SE 4540

 

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The instrumentation valves and fittings market is likely to witness steady growth in the coming years due to the upturn in the oil & gas industry and demand for ultraclean valves in semiconductor and pharmaceuticals industries. The instrumentation valves and fittings market is expected to grow from USD 2.87 Billion in 2016 to USD 3.54 Billion by 2023, at a CAGR of 3.1% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the instrumentation valves and fittings market on the basis of material, product, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the instrumentation valves and fitting market.

The research methodology used to estimate and forecast the instrumentation valves and fitting market begins with obtaining data through secondary research, such as corporate filings (annual reports, investor presentations, and financial statements); trade, business, and professional associations (such as the Valve manufacturers association); white papers; journals and certified publications related to flow control; articles from recognized authors; gold and silver standard websites; directories; and databases. The offerings of the instrumentation valve and fitting providers have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the instrumentation valves and fittings market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which has been verified through primary research by conducting extensive interviews with officials such as CEOs, VPs, directors, and executives holding key positions in the industry. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure.

Instrumentation Valves and Fittings Market

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

Players operating in the instrumentation valves and fittings market are Swagelok (US), Parker Hannifin (US), HY-LOK Corporation (South Korea), Fujikin Corporation (US), Circor International (US), Dwyer Instruments (US), Hex Valves (US), Fitok (China), Hex Valves (US), and Bray International (US).

Target Audience:

  • Raw material and manufacturing equipment suppliers
  • Instrumentation valve players
  • End-user industry players

This study answers several questions for stakeholders, primarily regarding the market segments to focus on in the next 2–5 years for prioritizing efforts and investments.

Scope of the Report:

This research report categorizes the overall instrumentation valves and fittings market on the basis of material, product, industry, and geography.

Instrumentation valves and fittings market, by material

  • Stainless steel
  • Cast iron
  • Alloy based
  • Others

Instrumentation valves and fittings market, by product

  • Instrumentation valves
  • Fittings
  • Pneumatic actuators
  • Others

Instrumentation valves market, by valve type

  • Ball valve
  • Needle valve
  • Check valve
  • Manifold valve
  • Ultraclean valve
  • Others

Instrumentation fittings market, by fitting type

  • Single ferrule
  • Double ferrule
  • Pipe fitting
  • Tube fitting
  • Flare fitting
  • others

Instrumentation valves and fittings market, by industry

  • Oil & gas
  • Healthcare
  • Chemicals
  • Pulp & paper
  • Food & beverages
  • Semiconductor
  • Energy & power
  • Others

Instrumentation valves and fittings market, by geography

  • APAC
  • North America
  • Europe
  • RoW

Available Customizations

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

Company Information

  • Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Table of Contents

1 Introduction
    1.1 Study Objectives
    1.2 Report Scope
           1.2.1 Markets Covered
           1.2.2 Geographic Scope
           1.2.3 Years Considered for the Study
    1.3 Currency
    1.4 Stakeholders

2 Research Methodology
    2.1 Research Design 
    2.2 Research Methodology 
           2.2.1 Bottom-Up Approach and Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
           2.3.1 Key Data From Secondary Sources
           2.3.2 Key Data From Primary Sources
    2.4 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Instrumentation Valves and Fittings Market, By Industry 
    4.2 Instrumentation Valves and Fittings Market, By Material Type
    4.3 Geographic Snapshot of Mass Flow Controller Market

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges
    5.3 Value Chain Snapshot
    5.4 Instrumentation Valves Market Trends
    5.5 Fittings Market Trends

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

7 Market By Product
    7.1 Introduction
    7.2 Valves (Ball, Needle, Check, Manifold, Ultraclean, Others)
    7.3 Fittings (Double Ferrule, Sinlge Ferrule, Pipe Fitting, Flare Fitting, Others)
    7.4 Pneumatic Actuator

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

9 Market By Geography
    9.1 North America
           9.1.1 U.S.
           9.1.2 Canada
           9.1.3 Mexico
    9.2 Europe
           9.2.1 Germany
           9.2.2 U.K.
           9.2.3 France
           9.2.4 Rest of Europe
    9.3 Asia-Pacific (APAC)
           9.3.1 China
           9.3.2 Japan
           9.3.3 India
           9.3.4 Rest of APAC
    9.4 Rest of the World (RoW)
           9.4.1 Middle East
           9.4.2 Africa
           9.4.3 South America

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 Mergers & Acquisitions
             10.3.3 Partnerships/Agreements/Strategic Alliances/Collaborations

11 Company Profile
     11.1 Introduction 
     11.2 As-Schneider
     11.3 Astectubelok
     11.4 Bray International Inc.
     11.5 Fujikin Incorporated 
     11.6 Ham-Let
     11.7 Hex Valve
     11.8 Circor International 
     11.9 Hy-Lok Corporation
     11.10 Oliver Valves
     11.11 Parker Hannifin 
     11.12 Safelok
     11.13 SSP Fittings 
     11.14 Swagelok
     11.15 Braeco
     11.16 Dwyer Instruments
     11.17 Fitok
     11.18 Tylok International
     11.19 Key Innovators 
             11.19.1 Walter Stauffenberg
             11.19.2 Alco Valves Group
             11.19.3 Breenen Industries
             11.19.4 Waverley Brownall

12 Appendix


List of Tables (4 Tables)

Table 1 Key Data From Secondary Sources
Table 2 Key Data From Primary Sources
Table 3 Research Assumptions
Table 4 Pain Points and Impact


List of Figures (71 Figures)

Figure 1 Report Scope
Figure 2 Years Considered for Study
Figure 3 Research Design
Figure 4 Research Methodology
Figure 5 Bottom-Up and Top-Down Approach
Figure 6 Market Breakdown
Figure 7 Global Instrumentation Valves & Fittings Market, 2013–2023 (USD Million)
Figure 8 Global Instrumentation Valves & Fittings Market, By Industry, 2013–2023 (USD Million)
Figure 9 Healthcare Expected to Be the Fastest Growing Industry in the Instrumentation Valves and Fittings Market During the Forecast Period
Figure 10 Stainless Steel to Lead the Instrumentation Valves and Fittings Market During the Forecast Period
Figure 11 Instrumentation Valves and Fittings Market in APAC Countries Expected to Grow at the Highest Rate Between 2017 and 2023
Figure 12 Global Instrumentation Valves & Fittings Market Dynamics
Figure 13 Impact Analysis of Global Instrumentation Valves & Fittings Market Drivers
Figure 14 Impact Analysis of Global Instrumentation Valves & Fittings Market Restraints
Figure 15 Impact Analysis of Global Instrumentation Valves & Fittings Market Opportunities
Figure 16 Global Instrumentation Valves & Fittings Market Value Chain
Figure 17 Global Instrumentation Valves Market Trends
Figure 18 Global Fittings Market Trends
Figure 19 Global Instrumentation Valves Market, By Materials, 2013–2023 (USD Million)
Figure 20 Global Instrumentation Valves Market for Stainless Steel, By Valve Types, 2013–2023 (USD Million)
Figure 21 Global Instrumentation Valves Market for Cast Iron, By Valve Types, 2013–2023 (USD Million)
Figure 22 Global Instrumentation Valves Market for Alloy–Based Materials, By Valve Types, 2013–2023 (USD Million)
Figure 23 Global Instrumentation Valves & Fittings Market for Others, By Product, 2013–2023 (USD Million)
Figure 24 Global Instrumentation Valves & Fittings Market, By Product, 2013–2023 (USD Million)
Figure 25 Global Market for Ball Valves, 2013–2023 (USD Million)
Figure 26 Global Market for Needle Valves, 2013–2023 (USD Million)
Figure 27 Global Market for Check Valves, 2013–2023 (USD Million)
Figure 28 Global Market for Manifold Valves, 2013–2023 (USD Million)
Figure 29 Global Market for Ultraclean Valves, 2013–2023 (USD Million)
Figure 30 Global Market for Other Instrumentation Valves, 2013–2023 (USD Million)
Figure 31 Global Market for Fittings, By Type, 2013–2023 (USD Million)
Figure 32 Global Market for Fittings, By Industry, 2013–2023 (USD Million)
Figure 33 Global Instrumentation Valves & Fittings Market, By Industry, 2013–2023 (USD Million)
Figure 34 Global Instrumentation Valves & Fittings Market for Semiconductor Industry, 2013–2023 (USD Million)
Figure 35 Global Semiconductor Equipment Market Size,2006–2016 (USD Billion)
Figure 36 Global Instrumentation Valves & Fittings Market for Oil & Gas Industry, 2013–2023 (USD Million)
Figure 37 Global Oil & Gas Consumption, 2006–2016 (Million Tonnes)
Figure 38 Global Instrumentation Valves & Fittings Market for Food & Beverages Industry, 2013–2023 (USD Million)
Figure 39 Global Instrumentation Valves & Fittings Market for Chemicals Industry, 2013–2023 (USD Million)
Figure 40 Global Instrumentation Valves & Fittings Market for Healthcare Industry, 2013–2023 (USD Million)
Figure 41 Global Instrumentation Valves & Fittings Market for Pulp & Paper Industry, 2013–2023 (USD Million)
Figure 42 Global Instrumentation Valves & Fittings Market for Energy & Power Industry, 2013–2023 (USD Million)
Figure 43 Global Instrumentation Valves & Fittings Market for Other Industries, 2013–2023 (USD Million)
Figure 44 Global Instrumentation Valves & Fittings Market, By Region, 2013–2023 (USD Million)
Figure 45 North American Instrumentation Valves & Fittings Market, By Industry, 2013–2023 (USD Million)
Figure 46 North American Instrumentation Valves & Fittings Market, By Country, 2013–2023 (USD Million)
Figure 47 European Instrumentation Valves & Fittings Market, By Industry, 2013–2023 (USD Million)
Figure 48 European Instrumentation Valves & Fittings Market, By Country, 2013–2023 (USD Million)
Figure 49 Instrumentation Valves & Fittings Market in APAC, By Industry, 2013–2023 (USD Million)
Figure 50 Instrumentation Valves & Fittings Market in APAC, By Country, 2013–2023 (USD Million)
Figure 51 Instrumentation Valves & Fittings Market in RoW, By Industry, 2013–2023 (USD Million)
Figure 52 Instrumentation Valves & Fittings Market in RoW, By Region, 2013–2023 (USD Million)
Figure 53 Global Instrumentation Valves & Fittings Market Player Ranking Analysis (2017–2023)
Figure 54 Global Instrumentation Valves & Fittings Market Competitive Situations & Trends
Figure 55 Astectubelok: Company Overview
Figure 56 As–Schneider: Company Overview
Figure 57 Bray International: Company Overview
Figure 58 Fujikin Incorporated: Company Overview
Figure 59 Ham–Let: Company Overview
Figure 60 Hex Valves: Company Overview
Figure 61 Circor International, Inc. (Hoke): Company Overview
Figure 62 Hy-Lok Corporation: Company Overview
Figure 63 Oliver Valves: Company Overview
Figure 64 Parker Hannifin: Company Overview
Figure 65 Safelok: Company Overview
Figure 66 SSP Fittings Corporation: Company Overview
Figure 67 Swagelok: Company Overview
Figure 68 Braeco: Company Overview
Figure 69 Dwyer Instruments: Company Overview
Figure 70 Fitok: Company Overview
Figure 71 Tylok International: Company Overview

The instrumentation valves and fittings market is expected to grow from USD 2.95 Billion in 2017 to USD 3.54 Billion by 2023, at a CAGR of 3.1% during the forecast period. Factors driving the growth of this market are growth in fracking and utilizing 1–6-inch brass or copper valves in the oil & gas industry; growth in the electronics and semiconductor industry and a large number of coal-based power projects in the Asian region; and demand for ultraclean valves in the biopharmaceuticals industry to maintain hygiene, cleanliness, and maintenance access.

Among various industries, oil & gas is expected to account for the largest size of the overall instrumentation valves and fittings market between 2017 and 2023. Instrumentation valves and fittings are used in the oil & gas industry in offshore rigs, refinery plants, and gas handling systems. These are used in the chemicals industry in applications such as backflow prevention, acid/caustic/water flow control, pressure reduction and control, impulse lines from different pressure cells, air pressure regulators, and heat trace lines. In the pulp & paper industry, instrumentation valves are used for pH measurements, boiler control, pressure and temperature regulation, and flow measurements. In the energy & power industry, instrumentation valves and fittings are used for handling process water for energy production and cold reheat isolation in coal-fired plants. These valves and fittings are also used in solar steam loops and cooling water loops.

Instrumentation Valves and Fittings Market

APAC is expected to hold the largest size of the instrumentation valves and fittings market during the forecast period. The major factor driving the market in APAC is the increased investment in advanced manufacturing facilities by semiconductor manufacturers in countries such as Taiwan, South Korea, and China. Instrumentation valves and fittings are used in wafer manufacturing assembly lines and clean rooms during fabrication and manufacturing processes of the semiconductor industry.

Swagelok (US), Parker Hannifin (US), HY-LOK Corporation (South Korea), Fujikin Corporation (US), Bray International (US), Circor International (US), and Hex Valves (US) are the major players operating in the instrumentation valves and fittings market.

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