Revenue from the installation and commissioning segment of the engineering pipe hanger and support market increased at a sound growth rate of 4.5% year-over-year in 2021 to be valued at US$ 348 Mn. Demand from power generation increased 4.2% in 2020- 2021, giving the worldwide engineering pipe hanger and support market year-over-year growth of 3.8% in 2021, according to the detailed industry analysis by Persistence Market Research.
Base Year Value (2020A)
US$ 217.3 Mn
Projected Year Value (2031F)
US$ 348 Mn
Value CAGR (2021-2031)
Value Share of Top 5 Countries (2020A)
Find Out More about the Report Coverage
- Bergen Pipe Supports
- Piping Technology and Products Inc.
- Sany ACS (Anvil)
- Kinetic Energy (KEKSA)
- Carpenter and Peterson Inc.
- National Pipe Hanger
- Delta Machinee
- PHD Manufacturing
Sales Analysis of Engineering Pipe Hangers and Supports from 2016 to 2020 Vs Market Projections for 2021 to 2031.
From 2016 to 2020, use of engineering pipe hangers and supports increased at around 1.5% CAGR, with the U.S., ASEAN, China, India, Japan, and South Korea holding significant shares in the global market.
Prices of engineering pipe hangers and supports and their accessories are considered on various factors other than product type, as there is more to be considered, such as as the support element and hanger element used for supporting the load of pipelines. With increase in production and technological developments in the field of engineering pipe hangers and supports, more research & development is going on to make these product more stable and load-resistant.
Demand for variable spring hangers and supports and constant hangers and supports are set to be high in the market due to their need for any kind of support element installation in bigger plants such as power generation plants, pipelines for transferring water, and other supplements for nuclear power plants.
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What are the Potential Opportunities for Manufacturers of Engineering Pipe Hangers and Supports?
As per U.S. EIA, investments are increasing in various end-use industries of the market, in which major end uses such as power generation plants will be built with zero percent of carbon emissions. Reduction of coal power plants with new nuclear and other plants are seeing huge investments.
There is no major scope for the customization of designs as there are some set of guidelines to be followed while fabricating a pipe hanger and support. It also has to be ensured that the support can bear the weight of the pipe, all the guidelines and considerations are followed - ANSI/MSS SP-58-2018.
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What Issues Do Engineering Pipe Hanger and Support Manufacturers Encounter?
There are a few drawbacks that affect engineering pipe hanger and support manufacturers: installation of pipe hangers and supports need space, but a few installers make the mistake of placing the supports and hangers too far apart from each other, which leads to variable distribution of the load to the support and bending of the pipes. Such issues ca directly lead to a disaster.
Each and every support and bearing is made to carry a specific amount of load, and if the load exceeds that limit, it could lead to rupturing the whole pipeline and creating a huge mess.
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What Region Provides the Largest Opportunity to Sell Engineering Pipe Hangers and Supports?
With an absolute dollar opportunity of around US$ 36.0 Mn, East Asia is expected to be the most lucrative market for engineering pipe hanger and support manufacturers.
China, Japan, South Korea, and other smaller East Asian countries lead the East Asian market, and are expected to experience significantly higher growth over 2021-2031. In total, East Asia is responsible for 27.8% market share on a global level.
How is the U.S. Market for Engineering Pipe Hangers and Supports Faring?
Around 53% share of the North America market has been acquired by the United States. In line with the previous strategy, key players are continuously searching for ways to provide higher quality products at lower costs, and stable supply for long durations, which will help them to operate in the engineering pipe hanger and support industry smoothly.
There has been exponential growth in the energy sector globally, and also in the North American region, as new technology for renewable energy sources are growing faster, which will have around 15% share in overall energy sector of North America.
From an end-use perspective, the market is seeing high growth in power generation plants and oil & gas refineries.
Why is China One of the Leading Markets in East Asia?
Around 47% of the market share in East Asia is held by China. The country is all set to be in the driver’s seat for engineering pipe hangers and supports in the region.
Availability of cheap labor gives China an enormous advantage among other players in the market in East Asia. China also leads the market because of high regional demand from power plants and oil refineries.
What Will be the Strategy of Key Players in the Indian Market?
India alone holds around 29.6% share in the South Asia Pacific market. In India, use of engineering pipe hangers and supports is seen in many end-use sectors, including power generation plants, oil and gas refineries, chemical and petrochemical plants, and fertilizer plants.
Use in fertilizer plants is more in the country since agriculture usage of fertilizers is high.
Why are Variable Spring Hangers and Supports a Better Choice?
Variable spring hangers and supports hold over 27% of the total market share. This product type is used for better support under thermal expansion and other factors that may cause the pipe support to shift. They are costlier to install but are safer than other product types.
Variable supports are typically installed where thermal movement causes the system position and dimensions to change. Variable spring hangers and supports have a high load capacity, which may vary from 0.2kN to 250kN, and may also vary according to requirements.
Which End-use Vertical Holds Lucrative Growth Prospects for Engineering Pipe Hanger and Support Suppliers?
Power generation plants, which is the most lucrative end-use application, represented over 27% demand for engineering pipe hangers and supports in 2020.
Power generation plants hold major share due to the use of pipe hangers and supports majorly in the sector for transporting raw fluid, such as water, for the generation of electricity in nuclear power plants.
Apart from power generation plants, oil and gas refineries are a high-growth sector due to the use of pipe supports and hangers in different weather conditions. They are engineered for the roof top support of pipelines. These supports are very much used to bear the load of crude and refined oil and gas at refineries.
COVID-19 Crisis Impact
COVID-19 has affected the global economy and resulted in a significant decline in demand for products and raw materials that are produced by various major industries across regions.
In Asia Pacific, China is a major supplier and manufacturer of engineering pipe hangers and supports and their accessories. Due to government restrictions, major suppliers and manufacturers reduced their manufacturing capacities. Also due, to a slump in most end-use sectors, sales of engineering pipe hangers and supports were affected.
The major aorta of growth plummeting was witnessed during the initial 3 quarters of 2020, wherein, stalling in implementation of ongoing projects with resultant disruptions in production and supply of the product was observed. Rebound in market growth is however expected to occur in the 3-4 quarters of the coming fiscal owing to resumption of installation activities in ongoing projects as well as demand from new orders.
Majority of companies discussed in the report have focused on product diversification with additional provision of customized solutions for respective clients. This measure has not only enabled stronghold in business footprint but also ushered as a value added proposition for players in offering premium prototypes.
Market participants have also employed organic and inorganic growth strategies including innovation, strategic collaborations and partnerships with regional enterprises, and acquisitions to consolidate and expand footprint in regional markets, as well as optimization of supply chain.
Engineering Pipe Hanger and Support Industry Report Scope
Historical Data Available for
US$ Mn for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered in Engineering Pipe Hanger and Support Industry Survey:
By Product Type
- Constant Hangers and Supports
- Variable Spring Hangers and Supports
- Rigid Struts and Snubbers
- Support Accessories
- Sway Braces
- Connecting Parts and Elements
- Bearing and Saddles
- Other Support and Trapezes
- Field Survey and Inspection
- Testing and Maintenance
- Installation and Commissioning
By End Use
- Power Generation Plants
- Fossil Fuel
- Oil and Gas Refineries
- Chemical and Petrochemical Plants
- Fertilizer Plants
FAQs Answered in Study
- How much is the global engineering pipe hanger and support market valued at present?
The global engineering pipe hanger and support market is currently valued at over US$ 225.6 Mn.
- At what CAGR did demand for engineering pipe hangers and supports increase over the past 5 years?
From 2016 to 2020, engineering pipe hanger and support demand increased at a CAGR of 1.5%.
- What will be the demand outlook for engineering pipe hangers and supports through 2031?
Sales of engineering pipe hangers and supports are projected to increase at 4.8% CAGR through 2031.
- What is the market share of the top 5 manufacturers of engineering pipe hangers and supports?
Rilco, ACS, Carpenter & Paterson Inc., NEFCO, and Piping Technology and Product Inc. account for around 44% share in the market.
- What are the key strategies of prominent market players?
Product portfolio diversification and inorganic growth strategies are being followed by key manufacturers.
- At what rate is the market registering growth in Europe?
The market in Europe is slated to progress at around 4.3% CAGR over the decade.
- Which countries are key producers of engineering pipe hangers and supports?
The U.S. and Germany are key producers of engineering pipe hangers and supports.
- Which nations are key exporters of engineering pipe hangers and supports?
The U.S., China, and Germany are key exporting countries of engineering pipe hangers and supports.
- How much market share do Japan and South Korea hold in 2021?
Japan and South Korea hold an approx. market share of 11%.
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