PUNE, India, July 26, 2016 /PRNewswire/ --
According to the new Market Research Report "North America Instrumentation Valves and Fittings Market, by Product Type (Process Valves, Manifold Valves, Ultra-Clean Valves, Fitting & Connectors, and Pneumatic actuators), by Application - Trends and Forecasts till 2022", is expected to reach USD 1,428.1 million by 2022, growing at a CAGR of 4.2 % during the forecast period.
Browse 36 Figures spread through 78 Pages and in-depth TOC on "North America Instrumentation Valves and Fittings Market" for an in-depth analysis of the industry trends and segments.
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The increasing demand for valves in North America is attributed to its high requirement in industrial automation in gas, fumes, and fluid control applications. The recent push by economies such as the U.S. and Mexico in implementation of ball valves has increased the market for valves. Further, the market for ultra-clean valves is expected to witness high growth which is expected to drive the market in the near future.
On the basis of applications, the market is segmented into semiconductors, oil & gas, food & beverages, chemical, pharmaceuticals, paper & pulp, and hyperbaric chamber. The instrumentation valves and fittings market for the oil & gas application is expected to hold the leading position by 2022, owing to flow control and pressure control applications. The market for pharmaceuticals application is expected to grow at the highest rate, owing to increasing use of valves in air systems, gas systems, and analytical instrumentation to maintain hygiene, cleanliness, and maintenance access.
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The market in the U.S. is expected to grow at the highest rate between 2016 and 2022 because of the increasing demand for instrumentation automation in oil & gas and semiconductor applications. The oil & gas industry is a major contributor to the U.S. economic growth. Shale gas which is commercialized in the U.S. is extracted using advanced technologies such as hydraulic fracturing and horizontal drilling. These technologies are driving the growth of valves & fittings in this segment.
Key Players of North America Instrumentation Valves and Fittings Market include:
SWAGELOK (U.S.), Parker Hannifin (U.S.), SSP Fitting Corporation (U.S.), Circor International, Inc. (Hoke) (U.S.), AS-Schneider (Germany), HexValve (U.S.), Bray International Inc. (U.S.), Fujikin Incorporated (Japan), and Dwyer Instruments (U.S.).
The report analyzes the market trends for each segment, along with its respective growth rate. Apart from the market segmentation, the report also covers in-depth analysis of value chain with a detailed process flow diagram and market dynamics such as drivers, restraints, and opportunities for the growth of the instrumentation valves and fittings market. The report also provides a qualitative and quantitative description of the verticals considered under the market. It also gives a detailed view of the market across three countries: United State, Mexico, and Canada.
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