Press release
Welded Metal Bellows Market -Industry Analysis, Size, Share, Growth, Trends, Segmentation And Forecast 2021 To 2028
Welded Metal Bellows Market 2021-2028
New study report " Welded Metal Bellows Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.
Market Overview-
The global welded metal bellows market size is expected to gain momentum by exhibiting a CAGR of 5.1% between 2021 and 2028. This ascribable to factors such as increasing demand for the product across several industrial sectors. Fortune Business Insights, in its latest report, titled “Welded Metal Bellows Market Size, Share & Industry Analysis, By Type (Stainless Steel Bellows, High Nickel Alloys, Others), By Application (High Vacuum Seals, Leak-Free Motion Feedthroughs, Flexible Joints, Volume Compensators, Accumulators, Pressure and Temperature Actuators), and Regional Forecast, 2020-2027.”, observes that the market that was worth USD 239.8 million in 2020 and is projected to reach USD 354.3 million by 2028.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
Key Players-
The key players have an essential part to play in fostering the product improvement as per the demand of the consumers with ample supply in particular regions. The well-known brands are also acknowledged and aware of the potential links with the global Welded Metal Bellows Market 2021-2028 for showing a prominent place to the key players in the market.
Top Key Players in this market are:
KSM CO., LTD. (Gyeonggi-do, Republic of Korea)
BOA Group (Karlsruhe, Germany)
TECHNETICS GROUP. (Columbia, United States)
AESSEAL (South Yorkshire, United Kingdom)
Senior plc (Rickmansworth, United Kingdom)
Metal-Flex Welded Bellows, Inc. (Vermont, Switzerland)
Duraflex Inc. (Illinois, United States)
Mirapro Co., Ltd. (Yamanashi Prefecture, Japan)
Flex–A-Seal (Vermont, United States)
Weldmac Manufacturing Co. (California, United States)
Eagle Industry Co., Ltd. (Kanto Japan)
Hyspan Precision Products, Inc. (California, United States)
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Competitive Landscape-
Product Innovation by the Companies to Promote Growth
In July 2019, MW Industries, Inc. announced its development of novel energy solutions to cater to the increasing energy demand from several sectors such as petrochemicals and oil & gas industries. According to the company, the energy solutions include electrodeposited bellows, energized seals, and heavy fasteners that can be utilized during serious environment.
Segmentation:
High Adoption of Stainless Steel Segment to Aid Growth
The segment Stainless Steel (By Type) is likely to gain momentum owing to them being largely available that are ideal to withstand low temperature. In addition to this, they held a total market share of 68.2% in 2019 and is set to rise gradually during the forecast period. Furthermore, their high tensile strength enables them to provide high-pressure resistance capabilities. Nickel welded bellows, on the other hand, will witness significant growth backed by increasing demand from aerospace applications. Furthermore, they provide excellent corrosion resistant property and are ideally suited for high temperatures.
Regional Analysis-
Asia-Pacific to Remain at the Forefront; Supportive Government Policies to Surge Demand
Among the regions, Asia-Pacific is expected to witness significant growth for the market during the forecast period. Additionally, the market was worth USD 92.1 million in 2019 and is likely to hold largest global welded metal bellows market revenue in the forthcoming years. This is ascribable to factors such as increasing demand from several industries such as automotive, aerospace, and oil & gas industry. Moreover, supportive government policies to aid manufacturing sectors will propel the market growth in the forthcoming years. Europe, on the other hand, will witness exponential growth for the market during the projected horizon. This is attributable to factors such as presence of large chemical manufacturers in the region. Furthermore, increasing demand from oil & gas and food & beverage industry in countries such as Germany and Italy will bode well for the market growth in the region between 2020 and 2027.
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What does the Report Include?
The market report includes an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2019 and 2026. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon.
Table of Content:
1.Introduction
2.Executive Summary
3.Market Dynamics
4.Key Insights
5.Global Welded Metal Bellows Market Analysis, Insights and Forecast, 2021-2028
6.North America Welded Metal Bellows Market Analysis, Insights and Forecast, 2021-2028
7.Europe Welded Metal Bellows Market Analysis, Insights and Forecast, 2021-2028
8.Asia Pacific Welded Metal Bellows Market Analysis, Insights and Forecast, 2021-2028
9.Middle East and Africa Welded Metal Bellows Market Analysis, Insights and Forecast, 2021-2028
10.South America Welded Metal Bellows Market Analysis, Insights and Forecast, 2021-2028
11.Competition Matrix
12.Global Welded Metal Bellows Market Share Analysis, 2019
13.Company Profile
Continue….
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About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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