Russia 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.
Russia Instrumentation Valves and Fittings (CNG Industry) Market Synopsis
Russia instrumentation valves and fittings (CNG Industry) market has shown significant growth during the year 2019-2020 owing to increased consumption and production of natural gas resulted in rise in the export of natural gas to the other countries along with the government initiative to increase the investment in development of gas pipeline. However, due to COVID-19 pandemic there was a reduction in the trading activities to curb the spread of covid which resulted in reducing the demand for natural gas and negatively impacted the growth of valves and fittings market. However, government’s objective to broaden the horizon of the Russia’s natural gas market and increasing export of natural gas and in addition to that, Russian government aim to make Russia carbon emissions neutral by 2060 would drive the instrumentation valves and fittings market in Russia.
According to the publisher, Russia Instrumentation Valves and Fittings (CNG Industry) market revenue size is projected to grow at a CAGR of 8.7% during 2022-2028. Russia is second largest natural gas producer in the world with almost exporting 35% of its natural gas production to regions such as Europe, former Soviet Union, and China. Furthermore, to reduce carbon emissions Russia is shifting towards the greener and cleaner fuel such as CNG and electricity for transportation to achieve its target of carbon neutrality by 2060 that would drive the market of instrumentation valves and fittings. Furthermore, increased investment in exploration and production activities of oil & gas have propelled the demand in recent years and the same trend is set to follow in the forecast period.
Market by Fitting Types Analysis
In terms of fitting types, Pipe fitting segment has captured 30.8% of the market revenue in 2021. Pipe fitting segment acquired highest share in the Russia instrumentation valves and fittings (CNG Industry) market in 2021 in terms of revenue on account of precision thread construction to ensure leak-free and reliable systems. Furthermore, pipe fittings offer many different connections and configurations.
Market by Valve Types Analysis
In terms of valve types, ball valves have captured 36.9% of the market revenue in 2021. Ball valves accounted for the major market revenue share in 2021 owing to its minimal pressure drops, minimal leakage through wear & tear and time & labor effective to operate along with low maintenance cost.
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
- Russia Instrumentation Valves and Fittings (CNG Industry) Market Overview
- Russia Instrumentation Valves and Fittings (CNG Industry) Market Outlook
- Russia Instrumentation Valves and Fittings (CNG Industry) Market Forecast
- Historical Data and Forecast of Russia Instrumentation Valves and Fittings (CNG Industry) Market Revenues for the Period 2018-2028F
- Historical Data and Forecast of Russia Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of Russia Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Valve Types for the Period 2018-2028F
- Historical Data and Forecast of Russia Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Fitting Types for the Period 2018-2028F
- Historical Data and Forecast of Russia Instrumentation Valves and Fittings (CNG Industry) Market Revenues, By Regions for the Period 2018-2028F
- Market Drivers and Restraints
- Market Trends
- Industry Life Cycle
- Russia 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
- Eastern Region
- Central Region
- Western Region
Table of Contents
1. Executive Summary
Companies Mentioned
- Parker Hannifin Corporation
- Swagelok Company
- AS-Schneider
- HY-LOK Corporation
- Emerson Electric Co.
- AVK Valves Co., Ltd
- Schlumberger Limited
- DK-Lok Corp.
