Instrumentation Valves and Fittings Market

Market Leadership - Instrumentation Valves and Fittings Market

The global instrumentation valves and fittings market market size was valued at USD 2.4 billion in 2020 and is projected to reach USD 3.7 billion by 2025. It is expected to grow at a CAGR of 9.4% during the forecast period. Surging demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic,growing requirement for reducing excessive noise, pressure, vibration, and cavitation in critical industrial processes, increasing industrialization and urbanization, along with growing number of smart city initiatives, and rising need for connected networks to maintain and monitor varieties of equipment in plants are the key driving factors for the commercial touch display market.

The instrumentation valves and fittings market comprises major players such as Parker Hannifin (US), CIRCOR International (US), Swagelok (US), Safelok (UK), Hy-Lok Corporation (South Korea), and Ham-Let (US), AS-Schneider (Germany), Hex Valve (US), Bray International (US), Fuijikin Incorporated (Japan), Dwyer Instruments (US), SSP Fittings Corporation (US) are the key players in the instrumentation valves and fittings market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.

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Swagelok is one of the leading developers and providers of fluid systems, system assemblies, panels, enclosures, and related services to oil & gas, power, chemicals and petrochemicals, transportation, and semiconductor industries. Swagelok offers instrumentation valves and fittings solutions with exceptional quality and reliability. With its expertise in materials science, product design, and fluid systems, as well as with a wide global sales and service network, the company focuses on strengthening its position in the instrumentation valves and fittings market. It also emphasizes on to providing training to its employees to improve operational performance, productivity, and workplace safety, as well as reduce operational costs and environmental issues.

Parker Hannifin is a global leader in motion and control technologies. The company operates through the Diversified Industrial and Aerospace Systems business segments and provides engineered solutions to a variety of mobile, industrial, and aerospace markets. The company’s technologies and systems are deployed in several manufacturing, transportation, and processing applications. Parker focuses on expanding its market presence further through appointing new distributors, establishing new manufacturing sites across the world, and sighing joint venture agreements with distributors and sales partners. The company is also focusing on to strengthen after-sales services offerings for its products as an alternative revenue stream. Additionally, Parker could consider focusing on adding new products to its portfolio in the instrumentation valves and fittings market to ensure its market leading position in the market.

Related Reports:

Instrumentation Valves and Fittings Market with COVID-19 Impact Analysis by Product (Valves, Fittings, and Actuators), Industry (Oil & Gas, Food & Beverages, Chemicals, Healthcare, Pulp & Paper, and Energy & Power), and Region - Global Forecast to 2025

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
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Instrumentation Valves and Fittings Market Size,  Share & Growth Report
Report Code
SE 4540
RI Published ON
8/18/2020
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