Turkey Instrumentation Valves and Fittings (CNG Industry) Market size is projected to grow at a CAGR of 8.1% during 2022-28

Northern region obtained the highest revenue share in the Turkey Instrumentation Valves and Fittings (CNG Industry) Market – 6Wresearch

Northern region should be in focus as it holds major revenue share in the Turkey instrumentation valves and fittings (CNG Industry) market. Turkey instrumentation valves and fittings (CNG Industry) market registered a decent growth in the year 2018 and 2019 on the back of government initiative to start developing natural gas projects in the country. However, the market declined in 2020 as the economy came to a stand still, reason being the global Covid-19 pandemic which led to a delay and lack of man-force due to the lockdown imposed by the government. The sector is expected to grow in the future owing to the rise in demand for instrumentation valves and fittings.

According to 6Wresearch, Turkey Instrumentation Valves and Fittings (CNG Industry) Market size is projected to grow at a CAGR of 8.1% during 2022-28. The market in the country is now projected to accomplish more growth. owing to government’s economic plans to boost the public-private partnerships in the natural gas sector which would help to fulfill the demand for natural gas in the country. This factor will boost the Turkey Instrumentation Valves and Fittings (CNG Industry) Market Share. The rise in the petrol and diesel prices would make consumer shift to alternative fuel for transportation such as CNG, LPG and electricity. Hence, valves and fittings market would show positive trend in the forecast period.

According to Ravi Bhandari, Research Head, 6Wresearch, both vales type and fittings type acquired the highest market share as both are essential components that allow and regulate the leak free flow and the transportation of media across piping systems. Ball valves has the highest growth in terms of revenue and should be a major segment to focus as they are widely used in the oil and gas sector. Tube fitting should be in focus as it holds major revenue share in the Turkey Instrumentation Valves and Fittings (CNG Industry) market owing to its suitability in widespread applications as a result of its availability in variety of sizes.

“The Turkey Instrumentation Valves and Fittings (CNG Industry) Market (2022-2028)” report provides an in-depth analysis with 22 figures and 2 tables, covered in 71 pages. The report on Instrumentation Valves and Fittings (CNG Industry) market in Turkey ccomprehensively covers the industry by types, and regions. The report provides a detailed and unbiased analysis of the on-going growth drivers, opportunities/high growth areas, and trends of the market which are estimated support the stakeholders to align and devise their market strategies according to the latest and future market dynamics.