Fittings are bifurcated into two types, single ferrule fitting, and double ferrule fitting. These fittings are available in wide variety of sizes. The safety factor is quite high in stainless steel fittings. The number of components for these fittings are less and are very easy to install accurately because of the design. Single ferrule fittings are mainly manufactured from stainless steel or brass. Grip in double ferrule fittings is better and has leak-tight connections.
The global stainless steel fittings and valves market is expected to be worth approximately US$ 1.4 Billion by end of 2029 and register a growth rate of 4.5% over the 10-year forecast period. Among the type segments, the fitting segment is expected to account for highest revenue share of 61.2% in 2019. Among the application segments, the industrial segment is expected to account for higher revenue share of US$ 429.8 Million as compared to the other application segments in 2019. On the basis of regions and countries, the stainless steel fittings and valves market in China is projected to account for highest revenue share of US$ 203.6 Million in 2019.
Key players include Swagelok Company, HAM-LET GROUP, Wellgrow Industries Corp, Sanitary solutions, Inc., Truly Tubular Fitting Corp, Top Line Process Equipment, R & R Fittings and Valves, Dixon Valve & Coupling Company, LLC, LPR Global Inc. (US Korea HotLink), SSP Corporation, Smith Cooper International Inc., and Hebei Guangde Stainless Steel Valve Industry Co., Ltd.
