Market Overview:
The global instrumentation needle valves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing industrialization in developing countries is also propelling the demand for instrumentation needle valves in various industries such as oil, gas, and others. Based on type, threaded connections are expected to hold a major share of the global instrumentation needle valves market during the forecast period from 2018 to 2030. This can be attributed to their easy installation and low cost as compared with other types of connections such as flanged or butt weld connections.
Product Definition:
Instrumentation needle valves are used to regulate the flow of fluids in a system. They are important because they allow for precise control over the flow of fluid, which is necessary for many industrial applications.
Threaded Connections:
The global threaded connections, it's usage and growth factor in instrumentation needle valves market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of rising demand for automation coupled with increasing preference for plastic materials over metal for manufacturing the components due to their lightweight, corrosion resistance, high temperature performance ability & cost effectiveness.
Flanged Connections:
Flanged connections are used in instrumentation needle valves for process control and safety applications. These valves have a unique design that helps to reduce the risk of connection failure.
Application Insights:
The oil industry dominated the global instrumentation needle valves market in terms of revenue share in 2017. This is attributed to a high requirement for monitoring and controlling various processes at different stages of oil production, such as well drilling, completion, and extraction. Furthermore, increasing demand for onshore and offshore facilities coupled with growing investments by major players such as Saudi Arabia are expected to propel segment growth over the forecast period.
In addition to this, rising need for managing complex processes during natural gas production is also anticipated to boost product demand from the gas industry over the forecast period. Other applications include chemical processing industries along with food & beverage processing plants that require controlled flow across multiple lines or zones within a plant.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to increasing number of exploration and production (E&P) activities in countries such as China, India, Vietnam, Thailand, Malaysia etc. In addition, rising demand for natural gas from key industries such as chemical manufacturing and power generation is anticipated to drive industry expansion over the coming years.
Europe instrumentation needle valves market was valued at USD X million in 2017 owing to presence of a large number of oil & gas E&P companies coupled with high spending capacity for exploration & development activities in this region which has resulted into higher penetration rate compared to other regions globally.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the increasing number of aging population, rising prevalence of chronic diseases, and technological advancements in surgical procedures. This would lead to an increase in the demand for instrumentation needle valves used in these surgeries.
- Growing popularity of laparoscopic surgery: Laparoscopic surgery is a type of minimally invasive surgery that uses small incisions (usually 1-3 cm) and special instruments inserted through these incisions to perform the surgery. It has several advantages over traditional open surgery such as shorter hospital stay, less pain, and faster recovery time. The global market for laparoscopic surgical devices is expected to grow at a CAGR of 9% from 2016-2021 owing its growing popularity among surgeons and patients alike
Scope Of The Report
Report Attributes
Report Details
Report Title
Instrumentation Needle Valves Market Research Report
By Type
Threaded Connections, Flanged Connections, Butt Weld Connections, Socked Weld Connections
By Application
Oil Industry, Gas Industry, Others
By Companies
Swagelok, Parker Hannifin, Alco Valves, Oliver Valves, WIKA Instrument, HOKE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Instrumentation Needle Valves Market Report Segments:
The global Instrumentation Needle Valves market is segmented on the basis of:
Types
Threaded Connections, Flanged Connections, Butt Weld Connections, Socked Weld Connections
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Industry, Gas Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Swagelok
- Parker Hannifin
- Alco Valves
- Oliver Valves
- WIKA Instrument
- HOKE
Highlights of The Instrumentation Needle Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Threaded Connections
- Flanged Connections
- Butt Weld Connections
- Socked Weld Connections
- By Application:
- Oil Industry
- Gas Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Instrumentation Needle Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Instrumentation needle valves are used to measure the flow rate, pressure and temperature of a fluid.
Some of the major companies in the instrumentation needle valves market are Swagelok, Parker Hannifin, Alco Valves, Oliver Valves, WIKA Instrument, HOKE.
The instrumentation needle valves market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Instrumentation Needle Valves Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Instrumentation Needle Valves Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Instrumentation Needle Valves Market - Supply Chain
4.5. Global Instrumentation Needle Valves Market Forecast
4.5.1. Instrumentation Needle Valves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Instrumentation Needle Valves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Instrumentation Needle Valves Market Absolute $ Opportunity
5. Global Instrumentation Needle Valves Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Instrumentation Needle Valves Market Size and Volume Forecast by Type
5.3.1. Threaded Connections
5.3.2. Flanged Connections
5.3.3. Butt Weld Connections
5.3.4. Socked Weld Connections
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Instrumentation Needle Valves Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Instrumentation Needle Valves Market Size and Volume Forecast by Application
6.3.1. Oil Industry
6.3.2. Gas Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Instrumentation Needle Valves Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Instrumentation Needle Valves Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Instrumentation Needle Valves Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Instrumentation Needle Valves Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Instrumentation Needle Valves Demand Share Forecast, 2019-2026
9. North America Instrumentation Needle Valves Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Instrumentation Needle Valves Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Instrumentation Needle Valves Market Size and Volume Forecast by Application
9.4.1. Oil Industry
9.4.2. Gas Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Instrumentation Needle Valves Market Size and Volume Forecast by Type
9.7.1. Threaded Connections
9.7.2. Flanged Connections
9.7.3. Butt Weld Connections
9.7.4. Socked Weld Connections
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Instrumentation Needle Valves Demand Share Forecast, 2019-2026
10. Latin America Instrumentation Needle Valves Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Instrumentation Needle Valves Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Instrumentation Needle Valves Market Size and Volume Forecast by Application
10.4.1. Oil Industry
10.4.2. Gas Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Instrumentation Needle Valves Market Size and Volume Forecast by Type
10.7.1. Threaded Connections
10.7.2. Flanged Connections
10.7.3. Butt Weld Connections
10.7.4. Socked Weld Connections
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Instrumentation Needle Valves Demand Share Forecast, 2019-2026
11. Europe Instrumentation Needle Valves Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Instrumentation Needle Valves Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Instrumentation Needle Valves Market Size and Volume Forecast by Application
11.4.1. Oil Industry
11.4.2. Gas Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Instrumentation Needle Valves Market Size and Volume Forecast by Type
11.7.1. Threaded Connections
11.7.2. Flanged Connections
11.7.3. Butt Weld Connections
11.7.4. Socked Weld Connections
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Instrumentation Needle Valves Demand Share, 2019-2026
12. Asia Pacific Instrumentation Needle Valves Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Instrumentation Needle Valves Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Instrumentation Needle Valves Market Size and Volume Forecast by Application
12.4.1. Oil Industry
12.4.2. Gas Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Instrumentation Needle Valves Market Size and Volume Forecast by Type
12.7.1. Threaded Connections
12.7.2. Flanged Connections
12.7.3. Butt Weld Connections
12.7.4. Socked Weld Connections
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Instrumentation Needle Valves Demand Share, 2019-2026
13. Middle East & Africa Instrumentation Needle Valves Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Instrumentation Needle Valves Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Instrumentation Needle Valves Market Size and Volume Forecast by Application
13.4.1. Oil Industry
13.4.2. Gas Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Instrumentation Needle Valves Market Size and Volume Forecast by Type
13.7.1. Threaded Connections
13.7.2. Flanged Connections
13.7.3. Butt Weld Connections
13.7.4. Socked Weld Connections
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Instrumentation Needle Valves Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Instrumentation Needle Valves Market: Market Share Analysis
14.2. Instrumentation Needle Valves Distributors and Customers
14.3. Instrumentation Needle Valves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Swagelok
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Parker Hannifin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alco Valves
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Oliver Valves
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. WIKA Instrument
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HOKE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
