Oil and Gas Fittings Market 2022–2029 Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects | FMI

 Future Market Insights (FMI) has forecasted the global Oil and Gas Fittings Market to register year-on-year growth of 3.2% in 2022 reaching a value of about US$ 1,326.8M by 2022 end.

A new market research report by Future Market Insights on the Oil and Gas Fittings Market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the oil and gas fittings market and provides critical insights for the forecast period of 2022–2029. As per the findings of the report, the global oil and gas fittings market is expected to experience moderate growth during the forecast period due to multiple factors such as new oil and gas drilling projects and new pipeline contracts across the globe.

The global oil and gas fittings market is estimated to reach ~US$ 1.2B in 2019, and increase at a CAGR of ~3% in the forecast period 2022–2029. This growth is majorly driven by the increasing consumption of oil and gas fittings in upstream and downstream operations.

Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-10466

East Asia Region Projected to Witness Bolstering Growth
North America is projected to hold significant market share in the global oil and gas fittings market value owing to new and replacement projects for the installation of oil and gas fittings that are targeted in this market study. However, the East Asia market is anticipated to project rewarding growth in the global oil and gas fittings market over the forecast period 2019–2029, with China being a leading country.

This is driven by the rapid growth of onshore drilling projects coupled with the rising number of oil and gas pipeline projects in China. Apart from that, Africa will pose a strong opportunity for the manufacturers of oil and gas fittings to acquire new contracts and ventures during the forecast period.

Additionally, macroeconomic factors such as crude oil and natural gas production and consumption, oil and gas production data by key countries, and increasing number of new oil and gas pipeline projects, and pipes, valves, and fittings (PVC) contracts are some of the other factors that are boosting the growth of oil and gas fittings market.

Oil and Gas Fittings Market: Vendor Insights
The report indicates some of the prominent market players, who are recognized as leaders in the global oil and gas fittings market. Some of the key players in the global oil and gas fittings market are Anvil International, AVK UK Ltd, JVS Engineers, The Weir Group PLC, Hy-Lok CO., LTD, B.O.P Products LLC., FitTech Industries Pvt. Ltd., Gelbach UK Ltd, Grupo Cuñado, KINGSA Industries, Probe Oil Tools, PSL Pipe & Fittings Co., Yingkon Haitai Metal and Pipe Fittings Co., Ltd., and Woodco USA, among others.

The global oil and gas fittings market is considerably consolidated with very few players holding prominent shares of the market as this market is highly fragmented and competitive. These players are offering oil and gas fittings to distributors and suppliers in various regions. Currently, online sales platform has emerged to be a supportive factor for the growing number of sales of oil and gas fittings

Comments

Post a Comment

Popular posts from this blog

Drum Pump Market Competitive Growth Strategies Based on Type, Applications, End User and Region

 Industrialization is increasing in developed and developing country due to industrialization demand of the oil and lubricant is growing. Oil, lubricant and such kind of liquids are stored in tanks, drums, and barrels etc. Drum pump is kind of portable, small and lightweight solution for emptying the liquids from tanks, drums, and barrels etc. Drum pump is suitable for diesel oil, gasoline, engine oil, vegetable oil, milk, hydraulic oil, acid, alcohol and some other lubricative and corrosive liquid transfer. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-5312 Many industrial fluids being very heavy once they are filled into a drum and barrel. Forgetting the liquid outside the drum or barrel manufacturer use drum pump instead of trying to get the liquid by tipping. High demand of the drum pump is generated by the various industries and it is expected to grow during the forecast period. Drum pump is the best s
Read more

Industrial Relay Market Competitive Growth Strategies Based on Type, Applications, End User and Region

In order to protect the equipment from high voltages and fault currents relays are used to isolate the equipment from the system. Relay sense the input voltage if it reaches the peak voltage called threshold limit it controls the input voltage if the input voltage exceeds the peak voltage limit it will trigger a signal to circuit breaker. Circuit breaker is a device used to make or break the circuit from the live to protect the complete system from short circuits. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-5158 Industrial relays are essential to protect the equipment in the system. Several relays operate in industrial applications such as SSR solid state relay, Electro-mechanical relay, overload protection relay, latching relay and other relays. Solid state relay (SSR) switching is completely electronic base where as in electromechanical, operation completely based on opening and closing moving contacts
Read more

Platform Lifts Market: Notable Developments & Geographical Outlook

Market: Introduction Platform lifts are primarily designed to give reasonably priced access to people who have difficulty with a staircase. These platform lift are available in the market with different size and shape according to the application. Platform lifts are installed in low rise buildings where passenger lifts are not available. Each platform lifts has different advantage depending on the installed area and the functionality of the lift in the needed area. Platform lifts are used in both indoor and outdoor application in residential and commercial buildings. Segmentation of platform lifts is based on the installation platform such as vertical, inclined and portable platform; inclined platform lift has impeccable accessibility options in buildings with space constraints. Furthermore, vertical platform lift ensure safety and secure access in vertical direction, however portable platform lifts are simple and easy to use accessibility options. Platform lifts provide access to di
Read more