Global Helical Submerged Arc Welded (HSAW) Pipes Market Predicted to Surpass US$ 7.8 Billion Valuation by 2033 with a Steady 3.3% CAGR

Helical Submerged Arc Welded (HSAW) Pipes Market

By the year 2033, global helical submerged arc welded (HSAW) pipes market is poised to reach a substantial US$ 7.8 billion, underlining its incredible journey of expansion. The market is currently riding a wave of significant growth, and the future looks exceedingly promising. In 2022, this market achieved a remarkable valuation of US$ 5.4 billion, and the numbers are only climbing higher. It’s projected to elevate to US$ 5.7 billion in 2023, setting the stage for a steady Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2033.

Helical submerged arc welded pipes, often referred to as Large Diameter Pipes (LDPs), are the unsung heroes of this sector. They play an instrumental role in the seamless transportation of vital resources, including natural gas and oil. These pipes serve as the lifelines, facilitating the movement of fluids from remote production and refining sites to consumption centers, transcending national borders and even spanning the globe on an international scale.

Navigate Complexity With Ease: Request Our Sample Report To Simplify Your Decision-Making. https://www.futuremarketinsights.com/reports/sample/rep-gb-17426 

The rise in industrialization led to an increase in a number of various industries such as chemical and pharmaceutical. Growing advances in these companies led to a boost in demand for helical submerged arc welded (HSAW) pipes.

The helical submerged arc welded (HSAW) pipes market in the construction industry is expected to continue growing in coming years driven by the increasing demand for energy & infrastructure as well as the development of new applications for these pipes.

Key Takeaways:

  • From 2018 to 2022, the market demand expanded at a CAGR of 5.9%.
  • Based on the application, the oil & gas segment accounts for a CAGR of 3.8%.
  • By outer diameter, 18-24 inches segment is expected to expand at a CAGR of 3.5% during the forecast period.
  • North America to emerge as a promising market, capturing a CAGR of 3.2%.
  • Asia Pacific is an opportunistic market, expected to capture a CAGR of 3.2% during the forecast period.

Competitive Landscape:

Leading players operating in the global helical submerged arc welded (Hsaw) pipes market are focusing on intensive research and development for launching innovative products and services in the market.

Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

The market players are also emphasizing offering innovative products and services and improved accuracy and reliability. The market is benefiting from partnerships with a high focus on innovation.

  • In April 2023 – EVRAZ North America (ENA) announced the successful development and qualification of a high-strength, high-frequency welded (HFW) line pipe for high-pressure, 100 percent hydrogen transmission. ENA is the first North American line pipe producer qualified for high-pressure, 100 percent hydrogen pipeline transportation.
  • Zenith Steel Pipes & industries limited is a pioneer in the field of manufacturing of erw & hot dip galvanized pipes in India. Manufactured Spirally Welded Pipes (HSAW) from 18-inch to 100-inch OD (457 mm to 2540 mm OD) which is used in the bulk transportation of water.

Invest In The Future Of Your Business. Buy Now To Secure Sustainable Growth: https://www.futuremarketinsights.com/checkout/17426 

Key Companies Profiled in the Report:

  • Bestar Steel Co., Ltd
  • EVRAZ North America
  • American Cast Iron Pipe Company
  • Cangzhou Haihua Steel Pipe Co., Ltd.
  • Continental Steel & Tube Company

Key Segmentation:

By Outer Diameter:

  • 18-24 Inches
  • 24-48 Inches
  • Over 48 Inches

By End-Use:

  • Oil &Gas
  • Water
  • Construction
  • Chemical
  • Other End-Use

By Region:

  • North American
  • Latin America
  • Europe Helical
  • Asia Pacific
  • Middle East and Africa

Target Markets Effectively: Get Personalized Reports Tailored To Your Niche Regional Segments. https://www.futuremarketinsights.com/customization-available/rep-gb-17426

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these