Instrumentation Valves and Fittings Market Insights | Key players: Swagelok, Parker Hannifin, HY-LOK Corporation and Fujikin Corporation
According to the new market research report " 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" the instrumentation valves and fittings market is expected to grow from USD 2.95 Billion in 2017 to USD 3.54 Billion by 2023, at a CAGR of 3.1% during the forecast period. Factors driving the growth of this market are growth in fracking and utilizing 1–6-inch brass or copper valves in the oil & gas industry; and growth in the electronics and semiconductor industry and a large number of coal-based power projects in the Asian region. Instrumentation valves manufactured from new-age alloys will find increased demand during forecast period The instrumentation valve industry will witness limited product development and innovation in the coming years. Pro...