The global helical submerged arc welded (HSAW) pipes market is envisioning a substantial valuation of US$ 7.8 billion by 2033. Having reached a notable valuation of US$ 5.4 billion in 2022, the market demonstrates consistent growth, projected to further elevate to US$ 5.7 billion in 2023. This sets the stage for a steady Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2033.
Helical submerged arc welded pipes, also known as Large Diameter Pipes (LDPs), play a vital role in facilitating the seamless transportation of essential resources, such as natural gas and oil. Serving as indispensable lifelines within the sector, these pipes enable the smooth movement of fluids from remote production and refining sites to consumption centers. Their significance transcends national borders, fostering the global flow of resources on an international scale.
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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.
Competitive Landscape:
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.
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Key Companies Profiled in the Report:
- Bestar Steel Co., Ltd
- EVRAZ North America
- American Cast Iron Pipe Company
- Cangzhou Haihua Steel Pipe Co., Ltd.
- Continental Steel & Tube Company
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
Read More: https://www.futuremarketinsights.com/reports/helical-submerged-arc-welded-pipes-market
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