Persistence Market Research (PMR) recently published a study report on the global Competitive Pipes market. The report provides detailed valuation on the key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the Competitive Pipes market structure. This market research report presents exclusive facts and figures about how the Competitive Pipes market will grow over the forecast period.
Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the Competitive Pipes market over the forecast period.
The study is relevant for manufacturers in the Competitive Pipes market, as well as stakeholders, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the Competitive Pipes market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the Competitive Pipes market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the Competitive Pipes market. The study also offers actionable insights based on the future trends in the Competitive Pipes market. Furthermore, regional players and new entrants in the Competitive Pipes market can also use the information presented in this report to make business decisions and gain momentum in the market.
Key Segments of the Competitive Pipes Market
PMR’s study on the Competitive Pipes market is divided into four significant segments- Material Type, Application, end use, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
Key Questions Answered in PMR’s Competitive Pipes Market Report
Competitive Pipes Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the Competitive Pipes market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred by analysts during the evaluation of the Competitive Pipes market study, which comprises of the facts and figures from World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the Competitive Pipes market to make PMR’s projection on growth prospects of the Competitive Pipes market more accurate and reliable.
According to market estimates, the global competitive pipes market is projected to reach ~ US$ 150 Bn by the end of the forecast period, registering a CAGR of ~ 4%. Key factor affecting the competitive pipes market size is the growth of industrial and municipal projects. Additionally, application of competitive pipes in waste water treatment, chemical processing, district heating pipes, drinking water supply, fire-fighting pipeline, power plant construction, and others, is expected to create significant opportunities in the global competitive pipes market.
Developing countries of Asia Pacific are witnessing significant growth in the global competitive pipes market. For instance, China has given high importance to environmental conditions and has dedicated a noteworthy amount for modernizing its infrastructure. Also, India has taken some important initiatives regarding cleanliness, such as its long-term high budget plan – ‘Swachh Bharat’. Aforementioned factors are estimated to drive the demand for competitive pipes in the coming years.
The report covers a complete study of the competitive pipes market with an analysis of types of competitive pipes. The report summarizes the dynamics and various factors for competitive pipes, and of markets, which are going to impact the growth of the competitive pipes market. The study provides a detailed description about how the competitive pipes market is expected to perform in various regions around the world as per historical performance and future potential in respective regions.
Steel-based Competitive Pipes to Open New Avenues
As per the market consensus, in terms of value, the steel segment by material type was valued at ~ US$ 40 Bn in 2018 and is anticipated to reach a market valuation of ~ US$ 65 Bn by end of 2029. This represents a growth of ~ 5% during the course of the ten-year study period. The steel segment is predicted to record relatively higher incremental $ opportunity than copper, concrete, aluminum, and other segments. There is a growing demand for steel pipes in various applications including waste water, sewer, potable water, mining, and industrial applications such as transportation of chemicals.
Extensive Application in Water Use & Withdrawal Set to Fuel Market Growth
Water use & withdrawal segment is estimated to project maximum growth in the global competitive pipes market. Increasing demand for pipes used in municipal and sewer applications such as transportation of water and wastewater from domestic areas to sewage treatment plants, desalination plants, civic drinking water systems, etc., is expected to fuel market growth for competitive pipes all across the globe. The water use & withdrawal segment is estimated to create incremental opportunity worth ~ US$ 14 Bn between 2019 and 2029.
Competitive Pipes Market – Competitive Landscape
Unprecedented change in various end-use industries and its potential impact on suppliers of competitive pipes have been assessed. Moreover, plausible manufacturing outlook for competitive pipes has boosted the sentiments of manufacturers. In terms of market structure, the competitive pipes market is anticipated to be a fairly fragmented one.
More than 60% of the global competitive pipes market is accounted as an unorganized sector that includes small and medium-sized players.
Some of the key players covered in the competitive pipes market report include
An extensive view of the competitive pipes market has led analysts to conclude that the market is anticipated to project significant growth in the coming years with Asia Pacific region to account for a prominent share throughout the forecast period. The North America competitive pipes market is estimated to be an opportunistic market in terms of sales and market growth. Factors including growing construction industry and urbanization, sustained demand from the oil and gas industry, and scope of product maintenance and replacement, among others will positively impact the competitive pipes market during the forecast period.
The competitive pipes market is characterized by the presence of few big players from Europe, North America, and Asia Pacific regions. In terms of volume, the steel segment in material type in the competitive pipes market is anticipated to dominate the global competitive pipes market throughout the forecast period. The impact of market restraints such as increasing use of plastic pipes and availability and use of substitute materials will remain steady globally in the competitive pipes market. Technological innovations along with collaborations, mergers & acquisitions by key market participants will also give impetus to the competitive pipes market.