Instrumentation Valves and Fittings Market

Product Launches and Developments, Mergers and Acquisitions, Expansions, Agreements, Collaborations, in the Instrumentation Valves and Fittings Market

The instrumentation valves and fittings market includes valves, fittings, pneumatic actuators, and other related products. The instrumentation valves and fittings market is expected to be valued at USD 3.54 Billion by 2023, growing at a CAGR of 3.1% during the forecast period. The growth of this market will be spurred by the demand for ultraclean valves from pharmaceuticals and semiconductor industries, along with the demand for these valves in fracking units in the oil & gas industry.

Swagelok (US), Parker Hannifin (US), and HY-LOK (South Korea) are the leading players in the industry. Product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships are some of the key strategies adopted by the major players to gain competitive edge in this market.

Swagelok (US) is a developer of fluid systems and solutions, including products, assemblies, and services, for industries such as oil & gas, energy & power, petrochemical, pharmaceuticals, and semiconductor. Swagelok offers a wide range of valves that are applicable in various working conditions and are manufactured from a range of metals and exotic alloys. These include ball valves, check valves, needle valves, and diaphragm valves. Swagelok also offers various critical services, such as field engineering, custom solutions, plant maintenance, purchasing & e-procurement, and training and education regarding products, processes, and best practices. Swagelok is a customer-centric company with high focus on providing holistic support to its customers. For this, Swagelok introduced the “One Swagelok” business model in 2016, which enables seamless inventory management across all its 225+ locations.

Parker Hannifin (US) offers a wide range of instrumentation valves, fittings, and actuators to its clients in over 50 countries across 6 continents. It offers ball and butterfly valves, spool and needle valves, distribution manifolds, check and pilot valves, and other electric, hydraulic, and pneumatic valves. Also, it offers instrumentation fittings, hydraulic and pneumatic fittings, and ultrahigh-purity fittings. Actuators are available in pneumatic linear, hydraulic rotary, and electromechanical design types. The company focuses on both organic and inorganic growth strategies to strengthen its market position. Recently, Parker Hannifin launched various products and acquired key manufactures to strengthen its product portfolio. In February 2017, Parker Hannifin completed the acquisition of Clarcor Inc., a major manufacturer of filtration products.

Other major companies operating in the instrumentation valves and fittings market are 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).

Related 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

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Report Code
SE 4540
Published ON
Jan, 2018
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