China Instrumentation Valves and Fitting Market (2022-2028) | Types, Growth, Revenue, Forecast, Trends, industry, Outlook & COVID-19 IMPACT

Market Forecast By Valve Types (Needle Valves, Manifold Valves, Ball Valves, Check Valves, Diaphragm Valves, Other Valves), By Fitting Types (Pipe Fitting, Tube Fitting, Weld Fitting, Biopharm Fitting, Hose Fitting, Other Fitting), By Regions (North China, Northeast China, East China, South Central China, Southwest China, Northwest China) And Competitive Landscape

Product Code: ETC215833 Publication Date: Aug 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 76 No. of Figures: 29 No. of Tables: 2

China Instrumentation Valves and Fittings (CNG Industry) market report thoroughly covers market by valve types, fitting types, and regions. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

China Instrumentation Valves and Fittings (CNG Industry) Market Synopsis

China instrumentation valves and fittings (CNG Industry) market was growing significantly before 2020 owing to government increased in expenditure on infrastructure expansion activities such as expansion of gas grid and gas distribution network across China to accomplish the target of increasing the natural gas share to 14% in China energy basket by 2030. However, the market saw a sharp decline in 2020 due to the COVID-19 pandemic which resulted in shutdown of manufacturing plants, chemical industries and oil & gas infrastructure projects, thereby negatively affecting the demand for instrumentation valves and fittings. However, government’s objective to broaden the horizon of the China’s energy basket and higher adoption of natural gas to make China carbon emissions neutral by 2060 would drive the instrumentation valves and fittings market in China.

China Instrumentation Valves and Fittings (CNG Industry) Market

 

According to 6Wresearch, China Instrumentation Valves and Fittings (CNG Industry) Market revenue size is projected to grow at a CAGR of 8.9% during 2022-2028. China has a large energy consumption and is highly dependent on crude oil and coal for transportation which cause carbon emissions. Therefore, to reduce carbon emissions China is shifting towards the greener and cleaner fuel such as CNG and electricity for transportation that would drive the market of instrumentation valves and fittings. Furthermore, increased investment in chemical industry and exploration & production activities of oil & gas have propelled the demand in recent years and the same trend is set to follow in the forecast period.

China Instrumentation Valves and Fittings (CNG Industry) Market

Market by Fitting Types Analysis 

In terms of fitting types, tube fitting has captured 27.7% of the market revenue in 2021. Tube fitting segment acquired highest share in the China instrumentation valves and fittings (CNG Industry) market in 2021 in terms of revenue on account of its higher resistance and strength in higher pressure and temperature conditions. Furthermore, tube fittings offer greater flexibility in systems with fewer connections, meaning fewer potential leak points.

Market by Valve Types Analysis 

In terms of valve types, ball valves have captured 30.7% of the market revenue in 2021. ball valves accounted for the major market revenue share in 2021 owing to their low pressure drop and the ability to open and close quickly. Further, ball valves are used in various applications, such as transmission, storage, and gas processing across industries.

China Instrumentation Valves and Fittings (CNG Industry) Market

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • China Instrumentation Valves and Fittings (CNG Industry) Market Overview
  • China Instrumentation Valves and Fittings (CNG Industry) Market Outlook
  • China Instrumentation Valves and Fittings (CNG Industry) Market Forecast
  • Historical Data and Forecast of China Instrumentation Valves and Fittings (CNG Industry) Market Revenues for the Period 2018-2028F
  • Historical Data and Forecast of China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Types for the Period 2018-2028F
  • Historical Data and Forecast of China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Valve Types for the Period 2018-2028F
  • Historical Data and Forecast of China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Fitting Types for the Period 2018-2028F
  • Historical Data and Forecast of China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Regions for the Period 2018-2028F
  • Market Drivers and Restraints
  • Market Trends
  • Industry Life Cycle
  • China Instrumentation Valves and Fittings (CNG Industry) Market – Porter’s Five Forces
  • Market Opportunity Assessment
  • Company Revenue Shares
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Valve Types

  • Needle Valves
  • Manifold Valves
  • Ball Valves
  • Check Valves
  • Diaphragm Valves
  • Other Valves

By Fitting Types

  • Pipe Fitting
  • Tube Fitting
  • Weld Fitting
  • Biopharm Fitting
  • Hose Fitting
  • Other Fitting

By Regions

  • North China
  • Northeast China
  • East China
  • South Central China
  • Southwest China
  • Northwest China

Frequently Asked Questions About the Market Study:

  • Does the report consider COVID-19 impact?
    The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.

  • How much growth is expected in the China Instrumentation Valves and Fittings (CNG Industry) market over the coming years?
    The China Instrumentation Valves and Fittings (CNG Industry) market revenue is anticipated to record a CAGR of 8.9% during 2022-28.
  • Which segment has captured key share of the market?
    By fitting types, tube fittings accounted for maximum revenue share in 2021 on account of its higher resistance and strength in higher pressure and temperature conditions.
  • Which segment is exhibited to gain traction over the forecast period?
    By Valve types, ball valves would record key growth throughout the forecast period 2022-28.
  • Who are key the key players of the market?
    The key players of the market include- Emerson Electric Co., Schlumberger Limited and Parker Hannifin CRANE Instrumentation & Sampling PFT Corp., Swagelok Company, HY-Lok Corporation, AVK Valves (Shanghai) Co., Ltd Neway Valve-Suzhou Neway Valve Co., Ltd.
  • Is customization available in the market study?
    Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements.
  • We also want to have market reports for other countries/regions.
    6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs. 
Table of Content
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. China Instrumentation Valves and Fittings (CNG Industry) Market Overview
3.1 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, 2018-2028F
3.2 China Instrumentation Valves and Fittings (CNG Industry) Market - Industry Life Cycle
3.3 China Instrumentation Valves and Fittings (CNG Industry) Market - Porter’s Five Forces
3.4 China Instrumentation Valves and Fittings (CNG Industry) Market Revenue Share, By Types, 2021 & 2028F
3.5 China Instrumentation Valves and Fittings (CNG Industry) Market Revenue Share, By Valve Types, 2021 & 2028F
3.6 China Instrumentation Valves and Fittings (CNG Industry) Market Revenue Share, By Fitting Types, 2021 & 2028F
3.7 China Instrumentation Valves and Fittings (CNG Industry) Market Revenue Share, By Regions, 2021 & 2028F
4. China Instrumentation Valves and Fittings (CNG Industry) Market Covid-19 Impact Analysis
5. China Instrumentation Valves and Fittings (CNG Industry) Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. China Instrumentation Valves and Fittings (CNG Industry) Market Trends
7. China Instrumentation Valves and Fittings (CNG Industry) Market Overview, By Types
7.1 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Valve Types, 2018-2028F
7.2 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Fitting Types, 2018-2028F
8. China Instrumentation Valves and Fittings (CNG Industry) Market Overview, By Valve Types
8.1 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Needle Valves, 2018-2028F
8.2 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Manifold Valves, 2018-2028F
8.3 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Ball Valves, 2018-2028F
8.4 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Check Valves, 2018-2028F
8.5 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Diaphragm, 2018-2028F
8.6 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Others, 2018-2028F
9. China Instrumentation Valves and Fittings (CNG Industry) Market Overview, By Fitting Types
9.1 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Pipe Fitting, 2018-2028F
9.2 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Tube Fitting, 2018-2028F
9.3 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Weld Fitting, 2018-2028F
9.4 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Biopharm Fitting, 2018-2028F
9.5 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Hose Fitting, 2018-2028F
9.6 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Others, 2018-2028F
10. China Instrumentation Valves and Fittings (CNG Industry) Market Overview, By Regions
10.1 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Northern Region, 2018-2028F
10.2 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Southern Region, 2018-2028F
10.3 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Eastern Region, 2018-2028F
10.4 China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Western Region, 2018-2028F
11. China Instrumentation Valves and Fittings (CNG Industry) Market Key Performance Indicators
12. China Instrumentation Valves and Fittings (CNG Industry) Market Opportunity Assessment
12.1 China Instrumentation Valves and Fittings (CNG Industry) Market Opportunity Assessment, By Valve Types, 2028F
12.2 China Instrumentation Valves and Fittings (CNG Industry) Market Opportunity Assessment, By Fitting Types, 2028F
12.3 China Instrumentation Valves and Fittings (CNG Industry) Market Opportunity Assessment, By Regions, 2028F
13. China Instrumentation Valves and Fittings (CNG Industry) Market Competitive Landscape
13.1 China Instrumentation Valves and Fittings (CNG Industry) Market Revenue Share, By Company, 2021
13.2 China Instrumentation Valves and Fittings (CNG Industry) Market Competitive Benchmarking, By Technical Parameters
13.3 China Instrumentation Valves and Fittings (CNG Industry) Market Competitive Benchmarking, By Operating Parameters
14. Company Profiles
14.1 CRANE Instrumentation & Sampling PFT Corp.
14.2 Emerson Electric Co.
14.3 Swagelok Company
14.4 Parker-Hannifin Corporation
14.5 Schlumberger Limited
14.6 AVK Valves (Shanghai) Co., Ltd
14.7 Neway Valve-Suzhou Neway Valve Co., Ltd.
14.8 DK-Lok Corp.
14.9 Hy-Lok Corporation
15. Key Strategic Recommendations
16. Disclaimer
List of Figures
1. China Instrumentation Valves and Fittings (CNG Industry) Market Revenues, 2018-2028F ($ Million)
2. China Instrumentation Valves and Fittings (CNG Industry) Market Revenue Share, By Types, 2021 & 2028F
3. China Instrumentation Valves and Fittings (CNG Industry) Market Revenue Share, By Valve Types, 2021 & 2028F
4. China Instrumentation Valves and Fittings (CNG Industry) Market Revenue Share, By Fitting Types, 2021 & 2028F
5. China Instrumentation Valves and Fittings (CNG Industry) Market Revenue Share, By Regions, 2021 & 2028F
6. China Green House Gas Emissions, 2020 (In Percentage)
7. China Natural Gas Percentage Share in Energy Mix, 2020 & 2030F
8. China Natural Gas Production, 2009-2020 (BCM)
9. China Electric Vehicle Market Volumes, 2017-2025F (Million Units)
10. China Share of Electric Vehicles in Total Vehicle Sales, Oct-2020 & Oct 2021
11. China Instrumentation Valves and Fittings Market Revenues, By Valves, 2018-2028F ($ Million
12. China Instrumentation Valves and Fittings Market Revenues, By Fittings 2018-2028F ($ Million)
13. China Instrumentation Valves and Fittings Market Revenues, By North China, 2018-2028F ($ Million)
14. China Instrumentation Valves and Fittings Market Revenues, By Northeast China, 2018-2028F ($ Million)
15. China Instrumentation Valves and Fittings Market Revenues, By East China, 2018-2028F ($ Million)
16. China Instrumentation Valves and Fittings Market Revenues, By South Central China, 2018-2028F ($ Million)
17. China Instrumentation Valves and Fittings Market Revenues, By Southwest China, 2018-2028F ($ Million)
18. China Instrumentation Valves and Fittings Market Revenues, By Northwest China, 2018-2028F ($ Million)
19. China Passenger Vehicle Sales, 2016-2020, (Million Units)
20. China EV Sales Volume, 2016-2020 (Thousand Units)
21. China Natural Gas Consumption, 2016-2020 (BCM)
22. China Natural Gas Demand Forecast, 2021-2050F (BCM)
23. China Instrumentation Valves and Fittings (CNG Industry) Market Opportunity Assessment, By Valve Types, 2028F
24. China Instrumentation Valves and Fittings (CNG Industry) Market Opportunity Assessment, By Fitting Types, 2028F
25. China Instrumentation Valves and Fittings (CNG Industry) Market Opportunity Assessment, By Regions, 2028F
26. China Instrumentation Valves and Fittings (CNG Industry) Market Company Rankings, By Companies, 2021
List of Table
1. China Instrumentation Valves and Fittings Market Revenues, By Valve Types, 2018-2028F ($ Million)
2. China Instrumentation Valves and Fittings Market Revenues, By Fitting Types, 2018-2028F ($ Million)
 
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