Turkey Instrumentation Valves and Fittings (CNG Industry) Market (2022-2028) | Size, Trends, Forecast, Analysis, Revenue, Share, Value, Growth, Industry, Outlook & COVID-19 IMPACT

Turkey Instrumentation Valves and Fittings (CNG Industry) Market Synopsis

Turkey Instrumentation Valves and Fittings (CNG Industry) Market was growing significantly before 2020 on the back of initiative taken by the government to increase the share of CNG in vehicles. However, the market saw a sharp decline in 2020 due to the global pandemic COVID-19 which resulted in disruption of supply chain due to which there is delay in many large-scale infrastructure development projects, thereby affecting the sale of valves and fittings negatively. In 2021, the market started operating well and is now projected to rise significantly.

According to 6Wresearch, Turkey Instrumentation Valves and Fittings (CNG Industry) Market size is projected to grow at a CAGR of 8.1% during 2022-28. The Instrumentation valves and fittings market specified to CNG industry in Turkey is currently in the growth stage and is anticipated to grow further on account of growing infrastructure development of natural gas in the country. This factor helps to propel the Turkey Instrumentation Valves and Fittings (CNG Industry) Market Growth. The sector is projected to rise at a significant growth rate in the years to come owing to the rising demand for instrumentation valves and fittings in the country. The sector saw decline in 2020 owing to the pandemic which resulted in supply chain disruptions owing to which there was delay in a number of large-scale infrastructure development projects, which affected the sale of valves and fittings negatively. Further, the government has started to develop gas production infrastructure projects in the country to reduce dependency of natural gas on other countries. However, the market has regained momentum in 2021 and is expected to grow significantly in the coming years.

Market by Types

Valves segment and fittings segment both acquired almost similar market share in the Turkey instrumentation valves and fittings (CNG Industry) Industry in 2021 in terms of revenue as both are the essential components that enable and regulate the leak free flow and transportation of media across piping systems and are used in domains such as oil & gas, process-based industries.

Ball valves segment acquired highest share in the Instrumentation Valves and Fittings (CNG Industry) Market in Turkey in 2021 in terms of revenue on account of its minimal pressure drops, minimal leakage through wear & tear and effective time & labour cost to operate along with low maintenance cost. Tube fitting segment acquired highest share in the Turkey 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.

Market by Regions

Northern region acquired highest share in the Turkey instrumentation valves and fittings (CNG Industry) market in 2021 in terms of revenue as this region has maximum number of refineries in Turkey and increasing production capacity would propel the demand. Northern region is also anticipated to register the fastest growth in the forecast period owing to increasing government investment in setting up manufacturing industries and construction of transportation and public infrastructure projects. Hence, it would further augment growth of valves and fittings market in the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 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

• Turkey Instrumentation Valves and Fittings (CNG Industry) Market Overview
• Turkey Instrumentation Valves and Fittings (CNG Industry) Market Outlook
• Turkey Instrumentation Valves and Fittings (CNG Industry) Market Forecast
• Historical Data and Forecast of Turkey Instrumentation Valves and Fittings (CNG Industry) Market Revenues for the Period 2018-2028F
• Historical Data and Forecast of Turkey Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Types for the Period 2018-2028F
• Historical Data and Forecast of Turkey Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Valve Types for the Period 2018-2028F
• Historical Data and Forecast of Turkey Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Fitting Types for the Period 2018-2028F
• Historical Data and Forecast of Turkey Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Regions for the Period 2018-2028F
• Market Drivers and Restraints
• Market Trends
• Industry Life Cycle
• Turkey 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 Types

• 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

• Northern Region
• Southern Region
• Eastern Region
• Western Region

Turkey Instrumentation Valves and Fittings Market: FAQs