Parker Hannifin developed a new portable lightweight hydraulic actuator that can be used in many applications on construction and service sites. Parker Hannifin partnered with Philippines Red Cross in 2014 to deploy and commission a disaster recovery reverse osmosis water filtration system. Under this partnership, Parker served as a primary source of water production for the Leyte Province. As another important strategy, Parker acquired President Engineering Group Limited (PEGL) (U.K.) in 2015. This acquisition increased the capability of Parker in designing and manufacturing cryogenic valves for liquefied natural gas (LNG) and industrial gas applications and also for mining safety equipment.
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SSP Fitting Corporation, one of the leading companies manufacturing varieties of valves such as ball valves; check valves; butterfly valves; needle valves; solenoid valves; and globe valves, developed LP, LN, and FB series valves. These new valves offer more safety and productivity in the process instrumentation application. The new innovation FB series handle high pressure, temperature, and low differential pressure which many ball valves can’t. These new innovations in the products ensured the growth of the company in the instrumentation valves & fittings market in North America.
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The major players in the North American instrumentation valves & fittings market are SWAGELOK (U.S.), Parker Hannifin (U.S.), SSP Fitting Corporation (U.S.), Circor International, Inc. (Hoke) (U.S.), AS-Schneider (Germany), HexValve (U.S.), Bray International Inc. (U.S.), Fujikin Incorporated (Japan), and Dwyer Instruments (U.S.). The companies in the instrumentation valves & fittings market are adopting strategies such as new product launches and developments, expansions, acquisitions, partnerships, and collaborations to withstand the competition in the growing market. The companies are majorly involved in developing new products for industrial automation. To expand the presence in the valves & fittings market, the companies are adopting the strategy of expansion in new geographical regions. Many companies are innovating and developing actuators and other fittings to provide better quality to the customers.