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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Oil and Gas Fittings Market to reach USD XX billion by 2027.

Global Oil and Gas Fittings Market Size study, by Working Pressure (Less than 2,000 psi, 2000 to 4000 psi, 4000 to 6000 psi, 6000 to 10000 psi, 10000 to 15000 psi, Above 15000 psi), by Product Type (Tees [Studded Tees, Flow Tees], Flanges [Blind/Test, Companion, Weld Neck], Adapters [Bottom Hole Test Adapter, Double Studded Adapter], Male Pins, Studded Crosses) by Application (Onshore, Offshore), by Material Type (Carbon Steel, Stainless Steel, Alloy Steel, Fiberglass, Composite, Others), by Operation(Upstream, Midstream, Downstream) and Regional Forecasts 2021-2027

Product Code: CMOGI-27438912
Publish Date: 10-09-2021
Page: 200

Global Oil and Gas Fittings Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of XX % over the forecast period 2021-2027. Oil & gas fittings are specially designed with stainless steel, carbon steel or other alloys to withstand the corrosion and provide safe oil & gas logistics. The composition of pipeline manufacturing materials is often modified to provide better thermal conductivity, low thermal expansion and strength to withhold temperatures as high as 1000 degrees Celsius.
The growth of Global Oil and Gas fittings market is fueled by discovery of new oil & gas fields around the world. For instance, Saudi Arabia announced discovery of 4 new oil and gas fields in December 2020. In June 2021, China discovered a one-billion-ton oil and gas field in Xinjiang region. All these new discoveries have high logistics requirement which will generate demand for Oil and Gas fittings market.
The rising consumption of oil & gas globally is another driving factor for Oil & gas fittings market. U.S. Energy Information Administration estimates an average consumption of 98.8 million barrels per day of petroleum and liquid fuels in July 2021, which is an increase of 6.0 million barrels per day from last year. This rapid rise in consumption also reflects in the rise of oil and fittings market size.
However, rising cost of raw materials for fittings manufacturing can impede the market growth in the forecast period of 2021-2027. Nevertheless, the increasing investments into refinery upgrades and logistics safety is expected to provide good growth opportunities for Global oil & gas fittings market.

Among Asia Pacific, North America, Europe, Latin America and Rest of the World, the regional analysis reveals that North America is the leader across the world in terms of market share because of increased onshore excavation activities, shale oil boom, and presence of key market players in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as economical manufacturing, discovery of new oil and gas fields and increasing investments in oil & gas logistics would create lucrative growth prospects for the Oil and Gas Fittings Market across Asia-Pacific region.

Major market player included in this report are:
Yingkon Haitai Metal and Pipe Fittings Co. Ltd.
Anvil International
The Weir Group PLC
PSL Pipe & Fittings Co.
B.O.P Products LLC.
Geldbach UK Ltd
JVS Engineers
KINGSA Industries

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Working Pressure:
Less than 2000 psi
2000 to 4000 psi
4000 to 6000 psi
6000 to 10000 psi
10000 to 15000 psi
Above 15000 psi
By Product Type:
Studded tees
Flow tees
Weld neck
Bottom hole test adapter
Double studded adapter
Male Pins
Studded Crosses
By Application:
By Material Type:
Carbon Steel
Stainless Steel
Alloy Steel
By Operation:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Oil and Gas Fittings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Oil and Gas Fittings Market, by Region, 2019-2027 (USD Billion)
1.2.2. Oil and Gas Fittings Market, by Working Pressure, 2019-2027 (USD Billion)
1.2.3. Oil and Gas Fittings Market, by Product Type, 2019-2027 (USD Billion)
1.2.4. Oil and Gas Fittings Market, by Application, 2019-2027 (USD Billion)
1.2.5. Oil and Gas Fittings Market, by Material Type, 2019-2027 (USD Billion)
1.2.6. Oil and Gas Fittings Market, by Operation, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Oil and Gas Fittings Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Operation Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Oil and Gas Fittings Market Dynamics
3.1. Oil and Gas Fittings Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Discovery of new oil and gas fields Rising consumption of oil & gas
3.1.2. Market Challenges Rising cost of raw materials of fittings manufacturing
3.1.3. Market Opportunities Increasing investments into refinery upgrades
Chapter 4. Global Oil and Gas Fittings Market Operation Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Oil and Gas Fittings Market, by Working Pressure
5.1. Market Snapshot
5.2. Global Oil and Gas Fittings Market by Working Pressure, Performance – Potential Analysis
5.3. Global Oil and Gas Fittings Market Estimates & Forecasts by Working Pressure 2018-2027 (USD Billion)
5.4. Oil and Gas Fittings Market, Sub Segment Analysis
5.4.1. Less than 2000 psi
5.4.2. 2000 to 4000 psi
5.4.3. 4000 to 6000 psi
5.4.4. 6000 to 10000 psi
5.4.5. 10000 to 15000 psi
5.4.6. Above 15000 psi
Chapter 6. Global Oil and Gas Fittings Market, by Product Type
6.1. Market Snapshot
6.2. Global Oil and Gas Fittings Market by Product type, Performance – Potential Analysis
6.3. Global Oil and Gas Fittings Market Estimates & Forecasts by Product type 2018-2027 (USD Billion)
6.4. Oil and Gas Fittings Market, Sub Segment Analysis
6.4.1. Tees
6.4.2. Flanges
6.4.3. Adapters
6.4.4. Male Pins
6.4.5. Studded Crosses
Chapter 7. Global Oil and Gas Fittings Market, by Application
7.1. Market Snapshot
7.2. Global Oil and Gas Fittings Market by Application, Performance – Potential Analysis
7.3. Global Oil and Gas Fittings Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.4. Oil and Gas Fittings Market, Sub Segment Analysis
7.4.1. Onshore
7.4.2. Offshore
Chapter 8. Global Oil and Gas Fittings Market, by Material Type
8.1. Market Snapshot
8.2. Global Oil and Gas Fittings Market by Material Type, Performance – Potential Analysis
8.3. Global Oil and Gas Fittings Market Estimates & Forecasts by Material Type 2018-2027 (USD Billion)
8.4. Oil and Gas Fittings Market, Sub Segment Analysis
8.4.1. Carbon Steel
8.4.2. Stainless Steel
8.4.3. Alloy Steel
8.4.4. Fiberglass
8.4.5. Composite
8.4.6. Others
Chapter 9. Global Oil and Gas Fittings Market, by Operation
9.1. Market Snapshot
9.2. Global Oil and Gas Fittings Market by Operation, Performance – Potential Analysis
9.3. Global Oil and Gas Fittings Market Estimates & Forecasts by Operation 2018-2027 (USD Billion)
9.4. Oil and Gas Fittings Market, Sub Segment Analysis
9.4.1. Upstream
9.4.2. Midstream
9.4.3. Downstream
Chapter 10. Global Oil and Gas Fittings Market, Regional Analysis
10.1. Oil and Gas Fittings Market, Regional Market Snapshot
10.2. North America Oil and Gas Fittings Market
10.2.1. U.S. Oil and Gas Fittings Market Working Pressure breakdown estimates & forecasts, 2018-2027 Product Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 Material Type breakdown estimates & forecasts, 2018-2027 Operation breakdown estimates & forecasts, 2018-2027
10.2.2. Canada Oil and Gas Fittings Market
10.3. Europe Oil and Gas Fittings Market Snapshot
10.3.1. U.K. Oil and Gas Fittings Market
10.3.2. Germany Oil and Gas Fittings Market
10.3.3. France Oil and Gas Fittings Market
10.3.4. Spain Oil and Gas Fittings Market
10.3.5. Italy Oil and Gas Fittings Market
10.3.6. Rest of Europe Oil and Gas Fittings Market
10.4. Asia-Pacific Oil and Gas Fittings Market Snapshot
10.4.1. China Oil and Gas Fittings Market
10.4.2. India Oil and Gas Fittings Market
10.4.3. Japan Oil and Gas Fittings Market
10.4.4. Australia Oil and Gas Fittings Market
10.4.5. South Korea Oil and Gas Fittings Market
10.4.6. Rest of Asia Pacific Oil and Gas Fittings Market
10.5. Latin America Oil and Gas Fittings Market Snapshot
10.5.1. Brazil Oil and Gas Fittings Market
10.5.2. Mexico Oil and Gas Fittings Market
10.6. Rest of The World Oil and Gas Fittings Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Yingkon Haitai Metal and Pipe Fittings Co. Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Anvil International
11.2.3. The Weir Group Plc
11.2.4. PSL Pipe & Fittings Co.
11.2.5. B.O.P. Products LLC.
11.2.6. Geldbach UK Ltd.
11.2.7. AVK UK Ltd.
11.2.8. JVS Engineers
11.2.9. Hy-Lok
11.2.10. KINGSA Industries
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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