DUBLIN, Oct. 18, 2021 /PRNewswire/ -- The "Helical Submerged Arc Welded (HSAW) Pipes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Helical Submerged Arc Welded (HSAW) Pipes estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2026, growing at a CAGR of 3.4% over the analysis period.
18-24 Inches, one of the segments analyzed in the report, is projected to grow at a 3.2% CAGR to reach US$1.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the 24-48 Inches segment is readjusted to a revised 3.7% CAGR for the next 7-year period. This segment currently accounts for a 60.8% share of the global Helical Submerged Arc Welded (HSAW) Pipes market.
HSAW pipes are mainly used in onshore transportation of oil and gas, in water distribution, and cooling water lines by power generation facilities. In addition, these pipes are also used in structural applications such as piling in civil engineering constructions including high rise buildings and bridges. Earlier, use of HSAW pipes was limited to low pressure applications.
However, improvement in manufacturing technology and steel grades over the years has extended its use to high pressure applications. In addition to the improvement in investments in oil and gas industry amidst the surge in energy consumption worldwide, replacement demand for most of the antiquated pipeline infrastructure, particularly in developed regions offers potential growth prospects.
The U.S. Market is Estimated at $830.2 Million in 2021, While China is Forecast to Reach $2.3 Billion by 2026
The Helical Submerged Arc Welded (HSAW) Pipes market in the U.S. is estimated at US$830.2 Million in the year 2021.
The country currently accounts for a 15.74% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.3 Billion in the year 2026 trailing a CAGR of 4.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR while Rest of European market (as defined in the study) will reach US$2.4 Billion by the end of the analysis period.
The US experienced significant growth in recent years led by factors such as commencement of large natural gas and shale gas exploration projects, liberalization of gas prices, and unbundling of pipeline transportation from gas commercialization. The high tide in the domestic natural gas sector, especially in the shale gas vertical, pumped in huge investments into pipeline infrastructure development projects.
Major portion of the growth in the HSAW pipes over the next two decades is expected to emerge from the rapidly growing non-OECD economies, specifically China and India, led by an ever increasing demand for energy and rise in infrastructure development projects.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Review of COVID-19 Impact on Major End-Use Markets for HSAW Pipes
Oil & Gas Sector Witnesses Recovery
Oil & Gas Industry Increases Focus on Energy Transitions
Increase in Economic Activity & Mobility Benefit Liquid Fuels
Oil and Gas Companies Set to Adjust Spending in Near Term
COVID-19-Led Economic Downturn Weighs on Construction Sector
Infrastructure Spending to Bring COVID-19 Hit Economies Back on Track
Submerged Arc Welded (SAW) Pipes
Spiral SAW Welded Pipes
Manufacturing Stages of HSAW Pipes
Types of Spiral Pipe Production Processes
Helical SAW Pipes Vs Longitudinal Weld Pipes
Global Helical Submerged Arc Welded (HSAW) Pipes Market: A Prelude
Near-to Mid-Term Prospects Remain Favorable
Developing Economies to Spearhead Future Growth
Recent Market Activity
Market Demand Strongly Influenced by CAPEX on Pipeline Infrastructure
2. FOCUS ON SELECT PLAYERS (Total 61 Featured)
American Cast Iron Pipe Company
Borusan Mannesmann Boru Sanayi ve Ticaret A.S.
EVRAZ North America
JFE Steel Corporation
Jindal SAW Ltd.
Jindal Tubular USA LLC
Kuwait Pipe Industries and Oil Services Company (KSC)
Liaoyang Steel Tube Co., Ltd.
Man Industries Ltd.
National Pipe Company Ltd.
Nippon Steel & Sumitomo Metal Corporation
Noksel Celik Boru Sanayi A.S
Northwest Pipe Company
PAO TMK Group
Shengli Oil & Gas Pipe Holdings Limited
Welspun Corp Ltd.
3. MARKET TRENDS & DRIVERS
Rise in HR Coil Prices Impact SAW Pipes
Global Pipeline Scenario
Changing Fortunes of Oil and Gas Companies
Natural Gas Dominates Pipeline Buildout
Regional Review: North America and Asia-Pacific Dominate Pipeline Building
Changing Energy Mix Influences Trends in Pipes Market
Investments into Oil & Gas Pipeline Infrastructure Worldwide: Vital for the Growth of HSAW Pipes Market
Replacement of Aging Gas Pipelines Offers Strong Growth Potential
Growth in Inter-Regional Supply of Oil and Gas to Boost Demand for Large OD Pipes
Infrastructure Investments to Drive Growth in Piling Applications
Water Infrastructure Replacement and Upgrades Open Growth Opportunities
US Senate Passes New Act to Fulfill Water Infrastructure Objectives
Trenchless Technologies Augur Well Spiral Welded Pipes
Automation Gains Momentum in Spiral Pipe Welding Operations
Corrosion Protection: An Important Area of Focus
Alternate Means of Oil & Gas Transportation: Threat to Pipeline Transport
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/bpy5cb
Research and Markets
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SOURCE Research and Markets