marketreports

  As per the International Association of Oil and Gas Producers, oil and gas fuels more than 50% of the global energy demand and oil production in 2018 exceeded 100 million barrels per day for the first time. [1]   Owing to such unprecedented rate of supply, many sectors integrated in the vast ecosystem of oil and gas industry are witnessing unparalleled business opportunities with valves and fittings market demand increasing substantially as it is an imperative tool in oil refineries and plants. Valves and fittings are instruments which determine the flow of liquids or gasses in a machinery or equipment. Valves are installed in various industrial processes, including oil and gas, pharmaceuticals, power generation, mining, food manufacturing, pharmaceuticals and many other. Fittings refer to a small part which is used to attach two different parts of machinery or equipment. Capitalizing over industrialization sinking into economies all across the globe, the global valves and f...