Pipes play a crucial role in energy generation, serving diverse applications in power plants. In conventional power plants, pipes transport essential fluids such as steam and cooling water, facilitating the efficient operation of turbines and cooling systems. In the realm of renewable energy, pipes are integral to geothermal, solar, and nuclear energy applications. Geothermal plants rely on pipes for the circulation of hot fluids from the Earth's interior, while solar energy systems utilize pipes for the transfer of heat or fluids for electricity generation. In nuclear power plants, pipes are essential components for the transport of coolant fluids. The broad spectrum of energy generation processes underscores the versatile and indispensable nature of pipes in supporting the infrastructure of both conventional and emerging renewable energy sectors.
According to Data Bridge Market Research analyses the Global Pipe Market is growing at a CAGR of 5.3% in the forecast period of 2022 to 2029 and is expected to reach USD 1,62,019.88 million by 2029.
"Rise in investments in infrastructure development boosts the market growth"
The surge in investments in infrastructure development serves as a key driver for the pipe market. As countries globally prioritize upgrading and expanding their infrastructure, including water supply, sewage systems, and energy networks, there is a heightened demand for high-quality pipes. These pipes are essential components for transporting fluids and gases, supporting the construction of pipelines, and ensuring the efficient functioning of infrastructure projects.
What restraints the growth of the global pipe market?
“Increased environment concerns hinder the market growth”
Growing environmental concerns are posing a significant restraint on the disposable pipe market. The heightened focus on sustainability and eco-friendliness has raised alarms about the environmental impact of single-use pipes, particularly regarding disposal and waste management. The non-biodegradable nature of many disposable pipe materials contributes to environmental pollution and raises questions about long-term ecological consequences.
Segmentation: Global Pipe Market
The global pipe market is segmented on the basis of product, pipe size, application and distribution channel.
- On the basis of product, the global pipe market is segmented into steel, plastics and concrete pipe
- On the basis of pipe size, the global pipe market is segmented into upto ½ inches, ½ to 1 inches, 1 to 2 inches, 2-5 inches, 5-10 inches, 10-20 inches and above 20 inches
- On the basis of application, the global pipe market is segmented into building, infrastructure, industrial and agriculture
- On the basis of distribution channel, the global pipe market is segmented into direct selling and retail selling
Regional Insights: Asia-Pacific is expected to dominate the Global Pipe Market
In the Asia-Pacific, China is expected to dominate the pipe market, due to substantial investments in construction and infrastructure projects. The nation's construction boom has triggered a surge in demand for pipes, fueled by both new developments and extensive renovation endeavors. This increased demand reflects not only the robustness of China's domestic market but also its profound impact on the global pipe market.
In the U.S., increased investments in infrastructure and construction activities are driving a heightened demand for pipes. This surge is evident in both the industrial and residential sectors, where pipes are essential for conveying water, gases, and materials. The construction boom, including new developments and renovations, underscores the crucial role pipes play in supporting the growth and maintenance of vital infrastructure and housing projects across the country.
In Germany, a surge in pipe demand is driven by increasing usage in domestic and commercial applications. This uptick is evident in construction, renovations, and the need for efficient plumbing systems, reflecting a growing reliance on pipes for various purposes in both residential and commercial settings.
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Recent Developments in Global Pipe Market
- In October 2022, CEMEX, S.A.B. de C.V., unveiled its commitment to sustainability by supplying Vertua, its groundbreaking lower carbon concrete, for Warsaw's P180 office building. This eco-friendly project prioritizes environmental considerations and occupant well-being. Notably, CEMEX was the first to introduce carbon-neutral concrete, enhancing its accessibility to various regions and reinforcing its environmental stewardship
- In March 2021, Netafim, a global leader in precision irrigation solutions and agricultural projects within the Orbia community, announced the signing of a definitive agreement to acquire Gakon Horticultural Projects, a Dutch turn-key greenhouse project provider. This strategic move is geared towards augmenting Netafim's revenue and production capacity, reflecting the company's dedication to expanding its capabilities and offerings in the agricultural sector
The Prominent Key Players Operating in the Global Pipe Market Include:
- Aliaxis Group S.A. (Belgium)
- Pipelife Austria GmbH & Co KG (Austria)
- Sekisui Chemical Co., Ltd. (Japan)
- Wienerberger AG (Austria)
- Plasticos Ferro, S.L.U. (Spain)
- Orbia (Mexico)
- Advanced Drainage System (U.S.)
- Supreme.Co.In. (India)
- Agru (Austria)
- Northwest Pipe Company (U.S.)
- CPM Drainage Group (U.K.)
- Xinjiang Guotong Pipeline Co., Ltd (China)
- Thompson Pipe Group (U.S.)
- Finolex Industries Ltd. (India)
- Cemex S.A.B. De C.V. (Mexico)
- Saudi Arabian Amiantit Co. (Saudi Arabia)
- Forterra Inc. (U.S.)
- Old Castle Precast Inc. (U.S.)
- Oka Corporation Bhd. (Malaysia)
- Nan Ya Plastics Corporation (Taiwan)
Above are the key players covered in the report, to know about more and exhaustive list of global pipe market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Pipe Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
