Shibuya-ku, Tokyo, Japan, Japan, Mar 28, 2022, 01:59 /Comserve / -- UAE instrumentation valves and fittings market witnessed moderate growth during the period 2022-2031 as the country was recovering from the effects of the oil crisis that led to the downfall in demand from the oil & gas sector.

UAE instrumentation valves and fittings market witnessed moderate growth during the period 2022-2031 as the country was recovering from the effects of the oil crisis that led to the downfall in demand from the oil & gas sector. With the recovery in oil prices and the growing industrial sector, the market for industrial valves and fittings began to show signs of stable growth in 2022-2031 after witnessing slow growth in 2017. Additionally, the pandemic COVID-19 hit the country in 2020, that gave a double blow to the UAE Economy in terms of oil price crash due to weak global demand and domestic lockdown imposed in the country to curtail the community spread of the virus. This has resulted in project halts and suspension of economic activities that would lead to a sharp decline in market revenues in 2020. However, recovery is expected in the market post-2020, with the gradual opening of economic activities and rising demand.

According to 6Wresearch, the  UAE Instrumentation Valves and Fittings Market is projected to grow at a CAGR of 8.7% during 2020-2026F. Rising investment in the industrial, marine & shipbuilding, and social infrastructure development projects under various programs such as the UAE Vision 2021, Maritime Vision 2030, and Dubai's Industrial Strategy 2030 would drive the demand for Instrumentation valves & fittings in UAE in the near future. Furthermore, the Abu Dhabi Supreme Petroleum Council greenlighted ADNOC's $132 billion investment to expand the state's energy firm's oil and gas production capacities thus, boding well for the instrumentation valve and fittings market in the UAE over the upcoming years.

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In UAE, the Abu Dhabi region captured the majority of the market revenue share in 2019, and the region is expected to dominate the overall market in the forecast period as well. Upcoming projects such as Barakah nuclear power plant, Ruwais industrial complex, desalination plants, chemical pipelines, and Al Taweelah Alumina Refinery along with Abu Dhabi Economic Vision 2030 would propel the demand for the instrumentation valves & fittings market in the Abu Dhabi region in the years to come.

The report thoroughly covers the market by valves types, fittings types, applications, and regions. The report provides an unbiased and detailed analysis of the on-going 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.

Key Highlights of the report:

UAE Instrumentation Valves and Fittings Market Size and UAE Instrumentation Valves and Fittings Market Forecast for the Period, 2022-2031
Historical Data and Forecast of UAE Instrumentation Valves and Fittings Market Revenues, for the Period 2016-2026
Historical Data and Forecast of UAE Instrumentation Valves Market Revenues for the Period 2016-2026
Historical Data and Forecast of UAE Instrumentation Valves Market Revenues, By Types, for the Period 2016-2026
Historical Data and Forecast of UAE Instrumentation Valves Market Revenues, By Applications, for the Period 2016-2026
Historical Data and Forecast of UAE Instrumentation Fittings Market Revenues for the Period 2016-2026
Historical Data and Forecast of UAE Instrumentation Fittings Market Revenues, By Types, for the Period 2016-2026
Historical Data and Forecast of UAE Instrumentation Fittings Market Revenues, By Applications, for the Period 2016-2026
Historical Data and Forecast of UAE Instrumentation Valves and Fittings Market Revenues, By Regions, for the Period 2016-2026

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UAE Instrumentation Valves and Fittings Market Share, By Companies
Market Drivers and Restraints
UAE Instrumentation Valves and Fittings Market Trends
UAE Instrumentation Valves and Fittings Market Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
Market Share, By Regions
Competitive Benchmarking
Company Profiles

Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Products:
Instrumentation Valves

By Types
Ball
Double Block and Bleed (DBB)
Needle
Manifold
Check
Diaphragm
Others (Metering Valves, Annular, Plug Valves, etc.)

By Applications
Oil & Gas
Marine & Shipbuilding
Industrial
Others (Power Utilities, Water & Wastewater Treatment Plants, Textile, etc.)
Instrumentation Fittings

By Types
Tube
Pipe
Biopharm
Hose
Weld
Others (Vaccum Fittings, Hydraulic Fittings, etc.)

By Applications
Oil & Gas
Marine & Shipbuilding
Industrial
Others (Power Utilities, Water & Wastewater Treatment Plants, Textile, etc.)

By Regions
Abu Dhabi
Dubai
Other Emirates

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