Compression Fitting Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Parker Hannifin, Swagelok, Brennan, Eaton

Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of  6.8% during the review period (2022 to 2027) 

Compression Fitting Market Overview

Compression fittings are used in electrical conduits and sanitation systems for joining two thin-walled pipes or tubes together. For instance, when two pipes of dissimilar resources are to be joined (commonly copper and PVC), the fittings are made of well-matched materials appropriate for the connection. The density fittings that are used for ascribing tubes (pipes) have ferrules in them. These fittings are composed of an inner compression ferrule or ring and outer density nut. The inner density ring is made of copper or brass. The collets vary in material and shape but are mostly in the shape of a ring with bevelled limits. The collet needs to be concerned with properly as the longest sloping face of the ferrule faces away from the nut.

Tube fitting builders also prefer utilization of compression fittings over other types of fittings as they offer ease of assembly, require no skilled practice, are resistant to water and heat, and can be misinformed with ease. Compression fittings are favored as they do not require bonding and are moderately easy and quick to use. They can be used at advanced pressures with toxic gases and require no special skills or tools to operate. These fittings are especially used in installations that may require partial removal or infrequent dismantling for maintenance since they can be broken and re-joined again without affecting the integrity of the installations. The benefits offered by density fittings in the profitable, industrial, and residential sector are expected to drive the density fittings market during the forecast period.

Who are the Major Players in Compression Fitting Market?

Top Key players in the Compression Fitting Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Parker Hannifin, Swagelok, Brennan, Eaton, HOKE, Beswick Engineering, Mid-America Fittings, AMC, DK-Lok, Ham-Let, Pegler Yorkshire, Hy-lok, FIP, Coilhose Pneumatics, Eisele Pneumatics and others.

Industry News -

April 11, 2022: Parker Hannifin Corporation (NYSE: PH, “Parker”), the global leader in motion and control technologies, today confirms that the European Commission (“EC”) has cleared the acquisition of Meggitt PLC (“Meggitt”), conditional on full compliance with commitments offered by Parker, including the divestment of Parker’s Aircraft Wheel and Brake division, located in Avon, Ohio in the United States. Parker has begun the process of selling that business.

February 28, 2022: Swagelok Company, a leading solutions provider of fluid system products, assemblies, and related services, has partnered with the United States Department of Defense’s Skill Bridge program, helping active military members transition to the civilian sector.

What are the major Applications, Types and Regions for Compression Fitting Market?

Compression Fitting Market is segmented based on the type, applications, companies and regions.

By Type, Compression Fitting Market has been segmented into 

• Union


• Union Elbow


• Union TEE


• Union Cross

The end user’s industry application on Compression Fitting Market is, 

• Residential


• Commercial


• Industrial


• Other

Regional Analysis -

 The global compression fittings market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The market in Asia Pacific is expected to expand at a significant CAGR from 2022 to 2027 owing to increased investments in advanced manufacturing facilities by semiconductor manufacturers in emerging economies such as South Korea, Taiwan, and China. Compression fittings are also used in wafer manufacturing assembly lines and rooms in the manufacturing and fabrication process in the semiconductor industry.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


•       Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Compression Fitting Market report scope?

Key Takeaways from this Compression Fitting Report

• Evaluate Compression Fitting market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Compression Fitting market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Frequently Asked Question -

What is the study period of this market?

The Compression Fitting Market is studied from 2022-2027.

Who are the prominent players in the Compression Fitting Market?

Parker Hannifin, Swagelok, Brennan, Eaton, HOKE, Beswick Engineering, Mid-America Fittings, AMC, DK-Lok, Ham-Let

Which region held the largest share in the Compression Fitting Market?

United States, Europe, China, Japan, Southeast Asia, India and Rest of World

What are the significant types of Compression Fitting Market?

Union, Union Elbow, Union TEE, Union Cross

What are the major end-use applications of Compression Fitting Market?

Residential, Commercial, Industrial ,Other