Opportunities in the instrumentation fittings market, across the world, constituted for a revenue of US$1,652.2 mn in 2017 and have estimated the valuation to add up to US$2,417.2 mn by the end of 2025.
Albany, NY -- (SBWIRE) -- 03/08/2018 -- The latest report, focusing on instrumentation fittings has been publicized to the wide database of Market Research Hub (MRH), with the title of "Instrumentation Fittings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025". This 220-page study offers a precise outlook of the market, covering all the major trends and drivers which are playing a key role in instrumentation fitting market growth over the forecast period. According to the research findings, rapid infrastructural development in several emerging economies, stringent government regulations for the manufacturing companies to ensure safety at production facilities, the prosperity of the electronics and construction industries are some of the key factors driving the demand in the global instrumentation fittings market.
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To elaborate further on the market status, the report covers market dynamics that influence the current nature and future status of this market. The fittings are specifically designed to meet numerous process safety and other requirements in industries. The obtained growth is mainly attributed to the rising usage of these instrumentation fitting in the manufacturing and oil & gas industries for control mechanism of water flow and gas systems. Consistency, robustness, and high performance of the instrumentation fittings are the chief features that consumers seek while buying the product.
Considering the above factors, the analysts of the report have assessed that the opportunities in the instrumentation fittings market constituted for a revenue of US$1,652.2 mn in 2017 globally and it has further estimated to add up to US$2,417.2 mn by the end of 2025. Moreover, the research also states that the demand in the global instrumentation fittings market will increment at a CAGR of 4.9% during the forecast period of 2017 to 2025.
These findings from the study have been briefly discussed in the study to offer readers a clear perspective on the market. In addition, this report provides all the essential information required to understand the instrumentation fitting and its fitting types and end-use industry. On the basis of fitting type, it covers tube and pipe. On the basis of end-use industry, the market has been classified into manufacturing, oil & Gas, food & beverage, chemical and other. Moreover, the market has been segmented on the basis of various regions including Europe, South America, North America, Asia-Pacific and Middle East & Africa. As mentioned in the study, North America and the Asia Pacific are the two regions that are providing maximum demand in the global instrumentation fittings market and will continue to do so until 2025.
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At last, the concluding section of the report deals with the company market share analysis of key players operating in this industry. They are AS-Schneider, Swagelok Company, Fujikin of America, Inc., HAM-LET GROUP, PARKER HANNIFIN CORP, HOKE, Vesbo Asia Pte Ltd., Hy-Lok USA, Inc., ASTEC VALVES & FITTINGS, World Wide Fittings, Inc., Allied International S.R.L and BMT Superlok Asia Pte Ltd.
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