Home / Press Release / Global Oil & Gas Fittings Market Projected to Grow At a CAGR of 3.3% during the Forecast Period

Global Oil & Gas Fittings Market Projected to Grow At a CAGR of 3.3% during the Forecast Period

The latest market report published by Credence Research, Inc. “Oil & Gas Fittings Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the Oil & Gas Fittings market was valued at US$ 1.2 Bn in 2018 and expected to reach US$ 1.5 Bn by 2027 at a CAGR of 3.3% throughout the forecast period from 2019 to 2027.

Market Insights

"Increasing oil & gas exploration activities will spur revenue growth during the forecast period"

The global oil & gas fittings is gaining momentum from the growing demand for stainless steel during the years to come. The increasing oil & gas exploration activities across the globe coupled with rising production & consumption of oil are factors proliferating the demand of the oil & gas fittings market. In addition, macroeconomic variables such as rising number of new oil and gas pipeline contracts, pipes, valves, and fittings (PVC) contracts are some of the other key factors bolstering the growth of oil and gas fittings market. Additionally, rising investments in refinery upgradation projects and rapid replacement activities are factors further boosting the demand of the oil & gas fittings market. 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.

Industrial Developments

Key Market Movements

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/oil-and-gas-fittings-market

The Global Oil And Gas Fittings Market is Segmented into:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion

 By Product Type Segment (2017–2027; US$ Bn)

 By Application Segment (2017–2027; US$ Bn)

 By Material Type Segment (2017–2027; US$ Bn)

 By Operation Segment (2017–2027; US$ Bn)

 By Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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