Introduction of the Instrumentation Valves and Fittings Market Report

Instrumentation valves and fittings are widely used in the oil & gas industry, refinery plants, and gas handling systems, manufacturing facilities of the electronics and automotive components and many more. These valves and fittings used in industries require maintenance, repair, and overhaul (MRO) activities for better output. The oil & gas industry require several valves and fittings for the process measurement and control which may be permanently or temporarily connected to a piping system. These Instrumentation Valves and Fittings provides controlled isolation and connection of between the equipments for proper functioning.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global instrumentation valves and fittings market include increasing industrialization with industry 4.0 implementation in the automation process of the manufacturing industry. Also, growing investment in the electronics & semiconductor industry with growing demand for the smart and connected devices around the globe drives the instrumentation valves & fittings market growth. For instance, in 2018, Samsung Electronics planned to invest over USD 53.33 Million for next five years to help 2,500 small and mid-sized companies to expand smart factories. These smart factories will have huge requirement of the instrumentation valves and fittings to operate the plant pneumatically.

Also, valves and fittings are widely used in the oil & gas industry with surge in the investment for petroleum expansion for internal combustion vehicles across the globe. Also, growing investment in the energy sector to meet the global huge population demand for energy has impelled the Instrumentation Valves and Fittings market growth. For instance, according to the International Energy Agency, in the energy sector including nuclear, fossil fuel, renewable investment reached USD 1.85 Trillion in 2018 while demand for the fossil fuel such as natural gas and oil. These increases in the investment have impelled the demand for the Instrumentation Valves and Fittings market.

Restraint in the Instrumentation Valves and Fittings Market

However, concerns related to complex design and lack of standardization related to the valves and fittings with respect to manufacturing, and manufacturers have to follow strict norms and regulations depending upon the its end-use industries. However these norms changing with certain period which created heterogeneous demand that restrict the market growth. Also, industries players require achieve low-cost fabrication in order to remain competitive in the market and also high capital cost requires setting up a manufacturing unit based on stringent regional standards, norms and policies. These factors may hinder the global instrumentation valves and fittings market.

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Product – Segment Analysis

Based on the product, valves segment has the largest share for the instrumentation valves and fittings market share in 2020, this is primarily attributed due to low-cost availability with higher efficiency. Also, increasing production capacity by the leading players is expected to strengthen the market growth. For instance, in July 2020, Azbil planned to construct new factory in Dalian for the expansion of valves and valve positioners’ production in China. The company planned to construct 21,000 m2 building which cost USD 6.55 Million and construction will be completed by 2022.

Material – Segmentation Analysis

Based on the material, alloy segment has the largest share for the global instrumentation valves & fittings market due to high strength, reliability and cost compared to other materials like stainless steel.

End-user – Segment Analysis

Based on the end-user, food & beverages segment is expected to grow at the fastest rate in the global instrumentation valves and fittings market during the forecast period owing to rising demand for the processed food and beverages with surge in government and private company’s investment. For instance, in June 2019, PepsiCo planned to invest USD 70 Million for setting up food manufacturing plant in Uttar Pradesh, India.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific region is expected to capture a significant market share in the global Instrumentation Valves and Fittings market in 2020 due to the presence of the several leading manufacturing facilities and low labour cost and huge foreign direct investments. Also, growing food processing manufacturing industry in the Asia-Pacific region due to surge in the huge population demand in this region has impelled the instrumentation valve and fittings market growth. For instance, according to the India Brand Equity Foundation, the food processing industry in India was valued at USD 258 Billion in 2018, which is fifth largest industry in terms of production, export, & consumption and is expected to reach USD 535 Billion by 2026. Thus, it created massive demand for the growth of the instrumentation valves & fittings used in the food processing industry.

Top Market Players

Various notable players operating in the market, include, SealExcel, PMT Valves Pvt Ltd, Hex Valves, AS-Schneider, Bray International Inc., Parker Hannifin, Fujikin, Astectubelok, Oliver Valves, SSP Fittings, Dwyer Instruments., and among others. 

Key Developments:

• • In 2020, Siemens launched intelligent self-optimising and dynamic valve to increase the flexibility and efficiency of HVAC plants. The valve has versatile features and applications for heating groups and air handling units which can measures temperature and output, controls the flow, and automatically adjusts the valve settings to the heat exchanger.
  • In 2018, Binzagr the Saudi Arabian production and distribution company and AS-Schneider one of the leading industrial valves specialist have made joint venture to start the production of valves and valve blocks

Segments covered in the Report:

The global Instrumentation Valves and Fittings market has been segmented on the basis of product, material, end-users and key regions. In terms of product, the market is bifurcated into valves, actuators, fittings and connectors, and others. Further, valves segment is subdivided into needle valves, ball valves, relief valve, excess flow valve, plug valves, metering valves and  others. Based on material, the market is divided into cast iron, alloy, stainless steel, and other. In terms of the end-user, the global instrumentation valves & fittings market is divided into electronics and semiconductors, chemicals, oil & gas, food & beverages, healthcare, pulp & paper, energy & power and others. 

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Key questions answered in this research report:

• • At what pace is global Instrumentation Valves and Fittings market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Instrumentation Valves and Fittings market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Instrumentation Valves and Fittings market?
  • Which product generated maximum revenues in 2020 and identifies the most promising product during the forecast period?
  • What are the various end-users global Instrumentation Valves and Fittings market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Material, By End-Users, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	SealExcel, PMT Valves Pvt Ltd, Hex Valves, AS-Schneider, Bray International Inc., Parker Hannifin, Fujikin, Astectubelok, Oliver Valves, SSP Fittings, and among others; a total 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Instrumentation Valves and Fittings Market by Product

• • Valves
    • Needle Valves
    • Ball Valves
    • Relief valve
    • Excess Flow Valves
    • Plug Valves
    • Metering Valves
    • Others
  • Actuators
  • Fittings and Connectors
  • Others

Global Instrumentation Valves and Fittings Market by Material

• • Alloy
  • Stainless steel
  • Cast Iron
  • Others

Global Instrumentation Valves and Fittings Market by End-Users

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

Global Instrumentation Valves and Fittings Market by Region

• • North America Instrumentation Valves and Fittings Market (Option 1: As a part of the free 25% customization)
    • North America Instrumentation Valves and Fittings Market by Product
    • North America Instrumentation Valves and Fittings Market by Material
    • North America Instrumentation Valves and Fittings Market by End-user
    • US Instrumentation Valves and Fittings Market All-Up
    • Canada Instrumentation Valves and Fittings Market All-Up
  • Europe Instrumentation Valves and Fittings Market (Option 2: As a part of the free 25% customization)
    • Europe Instrumentation Valves and Fittings Market by Product
    • Europe Instrumentation Valves and Fittings Market by Material
    • Europe Instrumentation Valves and Fittings Market by End-User
    • UK Instrumentation Valves and Fittings Market All-Up
    • Germany Instrumentation Valves and Fittings Market All-Up
    • France Instrumentation Valves and Fittings Market All-Up
    • Spain Instrumentation Valves and Fittings Market All-Up
    • Rest of Europe Instrumentation Valves and Fittings Market All-Up
  • Asia-Pacific Instrumentation Valves and Fittings Market (Option 3: As a part of the free 25% customization)
    • Asia-pacific Instrumentation Valves and Fittings Market by Product
    • Asia-pacific Instrumentation Valves and Fittings Market by Material
    • Asia-Pacific Instrumentation Valves and Fittings Market by End-user
    • China Instrumentation Valves and Fittings Market All-Up
    • India Instrumentation Valves and Fittings Market All-Up
    • Japan Instrumentation Valves and Fittings Market All-Up
    • Rest of APAC Instrumentation Valves and Fittings Market All-Up
  • RoW Instrumentation Valves and Fittings Market (Option 4: As a part of the free 25% customization)
    • RoW Instrumentation Valves and Fittings Market by Product
    • RoW Instrumentation Valves and Fittings Market by Material
    • RoW Instrumentation Valves and Fittings Market by End-Users
    • Brazil Instrumentation Valves and Fittings Market All-Up
    • South Africa Instrumentation Valves and Fittings Market All-Up
    • Saudi Arabia Instrumentation Valves and Fittings Market All-Up
    • UAE Instrumentation Valves and Fittings Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Instrumentation Valves and Fittings Market All-Up

Major Players Operating in the Instrumentation Valves and Fittings (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • SealExcel
  • PMT Valves Pvt Ltd
  • Hex Valves
  • AS-Schneider
  • Bray International Inc.
  • Parker Hannifin
  • Fujikin
  • Astectubelok
  • Oliver Valves
  • SSP Fittings
  • Sugarsync, Inc.