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Instrumentation Valves and Fittings Market Worth 4.31 Billion USD by 2022


News provided by

MarketsandMarkets

31 Aug, 2016, 15:30 GMT

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PUNE, India, August 31, 2016 /PRNewswire/ --

The report "Instrumentation Valves and Fittings Market by Product Type (Valves, Fittings, Pneumatic Actuators), Application (Semiconductor, Oil & Gas, Food & Beverage, Chemical, Pharmaceutical, Paper & Pulp, Hyperbaric Chambers, and Others) - Global Forecast to 2022", published by MarketsandMarkets, the global market was valued at USD 3.13 Billion in 2015 and is expected to reach USD 4.31 Billion by 2022, at a CAGR of 4.6% between 2016 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 12 market data Tables and 51 Figures spread through 90 Pages and in-depth TOC on "Instrumentation Valves and Fittings Market"

http://www.marketsandmarkets.com/Market-Reports/instrumentation-valve-fitting-market-26405086.html
Early buyers will receive 10% customization on this report.

The major driving factor for the growth of the Instrumentation Valves & Fittings Market are growth in fracking and utilizing 1" to 6" brass or copper valves, expanding process instrumentation and automation, and increase in consumption of instrumentation valves due to high growth rate of hyperbaric oxygen therapy devices.

The oil & gas application would hold the largest market share during the forecast period 

The instrumentation valves & fittings market, based on applications, has been segmented into semiconductors, oil & gas, food and beverages, chemical, pharmaceuticals, paper & pulp, hyperbaric chambers, and other applications which include power generation, solar energy, water & wastewater management, and metals & mining. The oil & gas application dominates the instrumentation valves & fittings market due to strengthening economic conditions, owing to the increasing demand for petrochemicals.

Ball Valve to account for the largest market share during the forecast period 

The instrumentation valves market has been further segmented into five major subtypes which include ball valves, needle valves, check valves, manifold valves, and ultra-clean valves. The ball valves segment held the largest market share in 2015. Ball valves are mainly used in the gas refinery process and the market for the same is expected to grow at a medium rate due to the current scenario of the oil & gas market. These valves are able to handle the most elusive and difficult-to-control gases (helium, hydrogen, and so on) and can easily accommodate pipe and tubes of different range. Also, it has major applications in air, fumes, and fluids due to its feature of quick to convert on and off and a decent ending with low twisting. These factors drive the ball valves market.

The Americas likely to lead the instrumentation valves & fittings market between 2016 and 2022 

The Americas is expected to hold the largest market share and dominate the instrumentation valves & fittings market in the near future because of high concentration of major players in chemical and pharmaceuticals industries. In the current scenario, the U.S. semiconductor industry is a key driver for the America's economic strength, global competitiveness, and technology leadership.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=26405086

The major companies in the global instrumentation valves & fittings market include Swagelok (U.S.), Hoke (U.S.), SSP Fittings (U.S.), and Parker Hannifin (U.S.), among others.

Browse Related Reports 

Solenoid valve Market by Body Material (Stainless Steel, Brass, Aluminum, and Plastic), Valve Design (2-way, 3-way, 4-way, and 5-way), Industry, and Geography - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/solenoid-valve-market-26318408.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
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Magarpatta City, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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