In 2022, the global market for helical submerged arc welded (HSAW) pipes is expected to be worth US$ 5.4 billion. As companies provide pipes that meet quality standards for specific applications in various end-use industries, the sector is gaining traction. The market is expected to be worth US$5.7 billion in 2033, with a 3.3% CAGR from 2023 to 2033. In 2023, the market is expected to generate US$ 7.8 billion.
Over the forecast period, the market is expected to grow at a consistent CAGR. Rising demand for energy and infrastructure development in developing countries. Growing applications in the construction and chemical industries have created new market opportunities.
Empower Your Strategies: Receive Your Sample Report and Conquer the Helical Submerged Arc Welded (HSAW) PipesMarket @ 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.
Curious? We’ve Got Answers! Unleash Your Questions and Uncover the Knowledge You Seek – Ask Us Anything Today@
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-17426
Competitive Landscape:
Prominent players in the helical submerged arc welded (HSAW) pipes market are Bestar Steel Co., Ltd; EVRAZ North America; American Cast Iron Pipe Company; Cangzhou Haihua Steel Pipe Co., Ltd.; Continental Steel & Tube Company among others.
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.
Exclusive Customizations Available: Request Tailored Insights to Outperform in the Helical Submerged Arc Welded (HSAW) Pipes Market@
https://www.futuremarketinsights.com/customization-available/rep-gb-17426
More Valuable Insights:
Future Market Insights offers an unbiased analysis of the global helical submerged arc welded (HSAW) pipes market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the helical submerged arc welded (HSAW) pipes market, the market is segmented based on the outer dimension and end-user across five major regions.
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
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us :
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
Browse All Reports: https://www.futuremarketinsights.com/reports
